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502 Dory Avenue
Fort Walton Beach, FL 32548

$465,000

Beds: 5
Baths: 3 | 1
Sq. Ft.: 2,392
Type: House
Listing #978229
Never-Before-Offered Coastal Gem | Prime Okaloosa Island Location. For the very first time, this one-of-a-kind coastal home is hitting the market--offering a rare opportunity to own directly across the street from the breathtaking Gulf of Mexico. Perfectly positioned on Okaloosa Island, this spacious 5-bedroom, 3.5-bath residence spans 2,392 square feet and is bursting with potential. Solidly built with incredible bones, this home features a desirable split floor plan, offering both functionality and privacy. One of the standout highlights is the separate mother-in-law suite--complete with its own bedroom and full bath--ideal for guests or extended family. Inside, the home invites your vision. While it could benefit from modern updates, the layout and structure provide the perfect canvas to create your dream beachside retreat. Generous living areas, ample natural light, bedrooms with sitting rooms, natural beamed ceilings, and a location that's truly second to none make this a standout investment. Yards from sugar-white sands and emerald waters, this property combines location, size, and opportunity in one unbeatable package. Don't miss the chance to own a legacy home in one of the most sought-after stretches of the Gulf Coast. Opportunities like this are once in a lifetimeschedule your showing today!
Property Features
Location Information
County: Okaloosa
Sub Area: 1201 Okaloosa Island
MLS Area: Fort Walton Beach
Latitude: 30.397689
Longitude: -86.613172
Project Name/Subdivision: SANTA ROSA ISLAND
Directions: Highway 98 to onto Santa Rosa Blvd. Go approx 1.5 miles, turn right onto Dorado Ave, then right onto Dory. Home will be on the right.
Interior Features
Total Rooms: 9
Interior: Built-In Bookcases, Ceiling Beamed, Guest Quarters, Handicap Provisions, Split Bedroom, Walls Paneled, Washer/Dryer Hookup
Full Baths: 3
1/2 Baths: 1
Cooling: Ceiling Fans, Central Air
Appliances: Dishwasher, Stove/Oven Electric, Water Heater - Elect
Exterior Features
Style: Beach House
Stories: 1
Exterior: Hurricane Shutters
Parking Description: Carport Attached
Lot Features: Flood Insurance Req, Interior, Level, Restrictions, Within 1/2 Mile to Water
Lot Size in Acres: 0.25
Lot Size in Sq. Ft.: 10,890
Dimensions: 90x120
Zoning: Resid Single Family
Condition: Construction Complete
Carport Spaces: 2.0
Has Waterfront: No
Is One Story: Yes
School
Elementary School: Elliott Point
Middle School: Meigs
High School: Choctawhatchee
Additional Information
Property Type: SFR
Year Built: 1969
Status: Active
Tax Year: 2024
Tax Amount: $5,559.97


$ per month
Year Fixed. % Interest Rate.
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Monthly Tax: $
Monthly Insurance: $
Term
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Down Payment
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing Courtesy of ERA American Real Estate
© 2025 Emerald Coast Association of REALTORS®. All rights reserved.
Copyright 2025 Emerald Coast Association of REALTORS®. All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is Deemed Reliable, but is Not Guaranteed Accurate by the Emerald Coast Association of REALTORS® MLS. (iHomefinder, Inc Member Number 28165)
ECAR MLS data last updated at June 8, 2025, 7:22 PM CT