Fort Walton Beach Homes under $500,000

Fort Walton Beach Homes under $500,000

Welcome to Fort Walton Beach, a hidden gem nestled along Florida's stunning Emerald Coast in Okaloosa County. Known for its white sandy beaches and crystal-clear waters, this vibrant city is not just a vacation destination; it's a wonderful place to call home. With a rich history, a thriving community, and an array of outdoor activities, Fort Walton Beach offers a perfect blend of relaxation and adventure.

One of the most appealing aspects of Fort Walton Beach is its diverse real estate market, particularly for those seeking homes under $500,000. Here, you can find charming single-family homes, modern townhouses, and cozy condos that cater to various lifestyles and budgets. Whether you're a first-time homebuyer, a growing family, or looking for a vacation retreat, there's something for everyone in this picturesque coastal city.

Imagine waking up to the sound of waves crashing and enjoying your morning coffee with a view of the lush, tropical landscape. With affordable options available, you can experience the quintessential Florida lifestyle without breaking the bank. The local community is warm and welcoming, with excellent schools, parks, and recreational facilities, making it an ideal place for families and retirees alike.

In Fort Walton Beach, you’ll not only find a home but also a lifestyle filled with sunshine, outdoor adventures, and a vibrant local culture. Explore the nearby nature trails, indulge in fresh seafood at local eateries, or spend your weekends lounging on the beach. Discover your dream home in Fort Walton Beach today, and embrace the coastal living experience you’ve always desired!

Newest Fort Walton Beach Homes under $500,000

303 N Beal Pkwy, Fort Walton Beach
$295,000
2 Beds ⋅ 1 Baths ⋅ 1013209 MLS
Great little home in a park like setting. This home has an open concept. When you enter from the front door you are in the family room. To your right is your fireplace and large screen TV, to your left is a is your two bedrooms and your bathroom. In front of you is your dining and kitchen. If you go to the door in the family room to your right, that leads you into your garage. 18 ft x 11 garage. Room for your vehicle, freezer and your washer and dryer. Inside in the kitchen you have an open view into the family room. The door in the kitchen leads out to the 18x9 ft screened in porch. Your back yard is full of fruit trees-oranges, peaches, plums, lemons and tangerines. You also have separate living quarters in your 10x16 man cave. This is sold as is. With a little imagination, you can make this into a great Father-n -law suite.

303 N Beal Pkwy, Fort Walton Beach
770 Sundial Court, Unit 104, Fort Walton Beach
$348,950
1 Beds ⋅ 2 Baths ⋅ 1013173 MLS
BEACHFRONT living on beautiful Okaloosa Island! This well-cared-for, updated, and FULLY FURNISHED, TURN-KEY 1-bedroom condo with bunks offers the perfect combination of comfort, convenience, and income-producing potential--just steps from the sugar-white sand and emerald waters of the Gulf. Currently operating as a popular vacation rental that stays consistently booked throughout the year, this unit offers projected annual rental income of approximately $45,000-55,000, making it an excellent opportunity for buyers looking for both a beach retreat and investment property. Located on the first floor with no stairs or elevators needed, the condo comfortably sleeps six with a king-size bed, built-in bunk setup, and sleeper sofa with an upgraded mattress. Inside, you'll find new luxury vinyl plank flooring, an updated kitchen and bathrooms with modern finishes, a fully stocked kitchen, and an additional sink in the bunk area--an especially convenient feature when hosting family and guests. Two storage units provide additional space for beach gear and owner belongings. Emerald Isle Resort has undergone more than $4.5 MILLION in recent renovations, with associated special assessments already paid by the owners. Recent improvements include extensive building renovations, a resurfaced parking lot, refreshed pool furnishings, and an updated grilling and picnic area. Resort-style amenities include private beach access, a Gulf-front pool heated during the cooler months, tennis and pickleball court, grilling and picnic areas, beach service available for owners and guests, and a community clubhouse/party room available for owners to reserve for gatherings and special occasions. The property also offers six conveniently located laundry rooms with multiple washers and dryers, one reserved parking space, and ample overflow parking. Located on sought-after Okaloosa Island, you'll enjoy a quieter, more relaxed coastal setting while remaining just minutes from Destin. The Okaloosa Island Pier, restaurants, ice cream, entertainment, and local attractions are just a short walk or drive away. Whether you're searching for a turn-key vacation rental, personal beach getaway, or a little of both, this condo offers the opportunity to own an income-producing slice of paradise just steps from the Gulf!

770 Sundial Court, Unit 104, Fort Walton Beach
119 Jamestown Ave, Fort Walton Beach
$300,000
3 Beds ⋅ 2 Baths ⋅ 1013143 MLS
Welcome to 119 Jamestown Avenue, a move in ready Fort Walton Beach gem in a location that is hard to beat! This charming 3 bedroom, 2 bathroom home offers 1,348 square feet of comfortable living space and is a fantastic opportunity for a first time homebuyer, military buyer, or anyone looking for an affordable home close to everything. Location is a major highlight here! Enjoy being tucked into an established neighborhood just minutes from the water while still having everyday conveniences right around the corner. Walmart, shopping, local favorites, and plenty of delicious restaurants are approximately five minutes away, with the beaches, military bases, and everything Fort Walton Beach has to offer within easy reach. Inside, the home is truly move in ready with a functional layout and plenty of updates already completed for you. Major improvements include a 2023 water heater, updated plumbing fixtures, a replaced main water line with PEX piping, water pressure regulator, and an updated electrical panel from 2019. You'll also find updated toilets, a modern kitchen faucet, and a newer bedroom ceiling fan. Outside, mature live oak trees add that classic Florida charm, while the irrigation system with lawn pump makes maintaining the yard a breeze. The two car garage is an added bonus with built in workbenches and shelving, perfect for projects, hobbies, or extra storage. Affordable, move in ready, close to the water, and minutes from everything you need... 119 Jamestown Avenue just might be the hidden gem you've been waiting for!

119 Jamestown Ave, Fort Walton Beach
704 Ferguson Dr Unit 6, Fort Walton Beach
$337,000
4 Beds ⋅ 3 Baths ⋅ 1013137 MLS
New Construction! Builder is offering to pay for 2-1 buy down rate reducing interest rate by 2% in year 1 & 1% in year 2 + $5,000 towards buyers closing costs with full price offer for qualified buyer using builder's preferred lender. This equates to $13,000 in anyway money! 2-10 Builder Warranty & Termite Bond. INTERIOR UNIT. This is only 1 of the units available with 4 interior finishes to choose from. Luxury Vinyl Plank throughout. Upstairs enjoys 4 bedrooms, 2 full guest bathrooms, 1 of which is an on-suite bath for primary, & laundry room. Quartz counters in all baths with modern finishes. Downstairs foyer leads to ½ bath, kitchen w/ breakfast peninsula & Stainless Appliances to include side by side refrigerator, Self-Cleaning Convection Stove, built-in microwave/range hood & dishwasher. Kitchen has quartz counters & on trend tiled backsplash. Kitchen opens to the living & dining room. Elevated lighting & mirrors finish off the home. Back door leads to privately fenced backyard with a gate which opens to a water retention area brilliantly used as an unofficial dog park for owners. Apoxy Sealed Garage Flooring for a final touch.

704 Ferguson Dr Unit 6, Fort Walton Beach
1515 Se Miracle Strip Pkwy Unit 205, Fort Walton Beach
$444,777
1 Beds ⋅ 2 Baths ⋅ 1013117 MLS
Enjoy Gulf views from this second-floor condo at Destin West Beach & Bay Resort. Unit 205 is located in the Gulfside building with direct beach access. The private balcony overlooks the main pool toward the Gulf. The building's structural integrity reserve study is complete, with no current or approved special assessments as of the listing date. The condo features one bedroom, a separate bunk area and two full baths, with accommodations for up to six guests. Sleeping arrangements include a king bed in the primary bedroom, built-in bunks and a sleeper sofa. The primary bedroom features a tray ceiling. One bathroom has a tub and shower, while the second offers a walk-in shower. The unit is being sold furnished, including kitchenware, with limited exclusions. A new sofa, loveseat and patio furniture were added in 2026, and the HVAC system was replaced in 2022. Owners and guests enjoy amenities on both sides of the resort. Gulfside features a pool, hot tub and fitness center, while the third-floor skybridge provides access to the Bayside lazy river and pools. Altogether, the resort offers five pools, three hot tubs, a zero-entry lazy river and covered garage parking. Short-term rentals are permitted, and the condo is currently professionally managed.

1515 Se Miracle Strip Pkwy Unit 205, Fort Walton Beach
339 Nw Barbara Dr, Fort Walton Beach
$295,000
3 Beds ⋅ 2 Baths ⋅ 1006986 MLS
Single story ranch home off Wright Pkwy. Storage shed under carport for extra storage. Large back yard and tons of parking!

339 Nw Barbara Dr, Fort Walton Beach
631 Manchester Rd, Fort Walton Beach
$439,900
5 Beds ⋅ 3 Baths ⋅ 1013075 MLS
Offering 2,746 square feet, 5 bedrooms, 3 bathrooms, and no HOA, this spacious home provides an impressive amount of living, entertaining, and storage space. Tucked away at the end of a quiet dead-end road with no through traffic, the home features a roof approximately five years old and a large, fully privacy-fenced backyard shaded by mature trees. Inside, the home is much larger than it appears from the exterior, with spacious bedrooms, two bonus rooms, and multiple living and gathering areas. The kitchen features a window over the sink overlooking an additional dining space, along with a breakfast bar. Shiplap details add character throughout, while wood-look vinyl flooring extends through the bedrooms and several living areas, with tile throughout much of the remaining space. Two bathrooms have been updated with tiled walk-in showers and tile flooring, and the laundry room includes a utility sink. Storage is a major highlight, with abundant space throughout the home plus two backyard storage sheds. Outside, the large backyard provides plenty of usable space, including room for boat or RV parking. A large patio offers space to relax or entertain, while a greenhouse frame attached to the fence is ready to be completed and put to use. With its generous square footage, flexible bonus spaces, and expansive yard, this property offers plenty of opportunity to make it your own. Located approximately five minutes from local schools, 10 minutes from Eglin Air Force Base, and 15 min utes from Okaloosa Island and VPS Airport, the home is also convenient to all of your everyday necessities. The home is not being sold fully furnished, and furniture will be removed prior to closing.

631 Manchester Rd, Fort Walton Beach
11 Tanglewood Circle Ft, Fort Walton Beach
$375,000
3 Beds ⋅ 2 Baths ⋅ 1011301 MLS
Welcome to 11 Tanglewood Circle, a beautifully updated three-bedroom home in the established Tanglewood subdivision. Freshly painted and featuring a new roof (2026), this move-in-ready home offers tile flooring throughout and a layout designed for comfortable everyday living. The inviting living room showcases a vaulted ceiling and fireplace, creating a bright, welcoming space. The spacious eat-in kitchen includes granite countertops, a pantry, and ample cabinet storage. The primary suite features dual walk-in closets and a private bath with double vanities, garden tub, and skylight for natural light. Conveniently located near Hurlburt Field and Eglin AFB, with easy access to shopping, dining, and schools, this updated Tanglewood home blends modern comfort with a prime location. Schedule your private showing today--homes like this don't last!

11 Tanglewood Circle Ft, Fort Walton Beach
2 Nw Cinderell Ln Unit A, Fort Walton Beach
$205,000
2 Beds ⋅ 2 Baths ⋅ 1013016 MLS
2 bedroom, 1.5 bath attached townhome in Azalea Gardens. Built 1993, approximately 1,135 sq ft. Convenient Fort Walton Beach location. Sold as-is. Buyer to verify all information.

2 Nw Cinderell Ln Unit A, Fort Walton Beach
233 Nw Pleasant St, Fort Walton Beach
$399,000
4 Beds ⋅ 2 Baths ⋅ 1013010 MLS
Life on Pleasant St? We think you're going to find it pretty pleasant. 😉 Trendy updates, newer systems, charming character, and a corner-lot location beside a cul-de-sac--this 4-bedroom, 2-bath home has a lot to smile about! From the moment you step inside, you'll notice the warm, inviting design featuring neutral tones, wood accents, crisp white details, and fun tile touches that give this home plenty of personality. The open floor plan makes everyday living and entertaining a breeze, while the flexible 4th bedroom can easily double as a spacious bonus room, home office, playroom, or guest space. The kitchen is where modern style meets original charm, featuring stainless steel appliances, beautiful white quartz countertops, and an exposed brick base on the peninsula--a perfect little nod to the character of the home. And the big-ticket updates? Already checked off the list: 2020 roof, 2024 HVAC, 2026 water heater, and updated white vinyl windows. Plus, most furnishings convey, making moving in feel almost as easy as falling in love with the place. Situated on a corner lot next to a cul-de-sac and just a short stroll to the neighborhood park, this home offers a peaceful setting without sacrificing convenience. Walmart and Sam's Club are only 5 minutes away, Downtown Fort Walton Beach and the beach are approximately 10 minutes away, and Hurlburt Field and Eglin Air Force Base are about 15 minutes away. So, is life on Pleasant St actually pleasant? Come see for yourself.

233 Nw Pleasant St, Fort Walton Beach
909 Santa Rosa Blvd Unit 329, Fort Walton Beach
$459,000
2 Beds ⋅ 2 Baths ⋅ 1013009 MLS
Direct gulf views, a coveted corner position and an updated interior set the stage for this second-floor condominium in one of El Matador's gulf-front buildings on Okaloosa Island. Located in sought-after Building 3, the two-bedroom residence pairs an easy-access location with two additional living and dining room windows that bring in abundant natural light and broaden the water views. The open living and dining area serves as the heart of the home, with sliding glass doors extending the space onto a private balcony overlooking the Gulf of Mexico and the gulf-front pool. The corner configuration adds windows along the side of the residence, creating a bright, inviting setting for relaxing and entertaining. The updated kitchen offers generous cabinetry and counter space, stainless steel appliances, a pantry and a window above the sink. A breakfast bar connects the kitchen to the main living area, adding seating and serving space. The primary bedroom enjoys its own set of sliding glass doors opening directly to the balcony, allowing gulf views to continue into the private suite. The spacious guest bedroom fits two beds and includes a walk-in closet, while updated bathrooms complete the interior. Set across more than 10 landscaped acres along the Gulf of Mexico, El Matador offers direct private beach access and an extensive collection of resort-style amenities. Residents and guests enjoy two swimming pools, including a gulf-front pool and a seasonally heated pool, along with tennis courts, a fitness center, saunas and steam rooms, barbecue and picnic areas, and community gathering spaces. A guard-gated entrance with 24-hour security adds another layer of convenience. With its corner placement, second-floor accessibility, updated kitchen and baths, additional windows and direct gulf views, this residence offers an appealing opportunity to enjoy the beachfront setting and amenities of Okaloosa Island.

909 Santa Rosa Blvd Unit 329, Fort Walton Beach
3 Ipswich Circle Ft, Fort Walton Beach
$475,000
4 Beds ⋅ 3 Baths ⋅ 1012912 MLS
This house has been through a saga. For a while there, it was almost as if squatters were holding it hostage. The standoff is over, the hostage has been freed, and it's ready for its happy ending with you. 3 Ipswich Circle has 2,325 sq ft, an in-ground pool under mature trees, a brick fireplace, arched windows, and a kitchen updated in 2022. The expensive items are already done: a new roof and gutters (Dec 2025), HVAC (2023), a full rewire (2022), and an added pantry (2024). Offered at $475,000 strictly AS IS, cleaned, with the pool and yard kept up. Hungry for more? Order à la carte: pick any repairs, updates, or concessions, and they're added to the purchase price dollar for dollar and completed before closing. Or save yourself the drive-thru decision fatigue with one of our Value Meals: #1 The Classic, $525,000: the rendered look with a natural Florida yard, bath walls painted, retro charm kept #2 The Deluxe, $550,000: the rendered look with bath tile glazed, plus landscaping #3 The Super-Size, $575,000: the rendered look with remodeled bathrooms. No substitutions required. Please pull forward to the first window, AKA: call your favorite REALTOR® and schedule your showing ASAP! Hurry, while supplies last! (The price will change as updates/repairs get made.) Photos marked as renderings show potential finishes, not current condition.

3 Ipswich Circle Ft, Fort Walton Beach
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