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Seize a high-density development opportunity ideally situated off Racetrack Rd in Fort Walton Beach. This 1.02-acre property falls within the Urban Development Area Boundary (UDAB), a designation in Okaloosa County that provides regulatory benefits for urban growth. The site comprises two adjacent parcels with an impressive 499 feet of combined road frontage - 327' on Skipper Ave and 172' on Katherine Street. Developing inside the UDAB allows you to maximize density and height with potential for up to 25 units (subject to final county approval), as well as benefitting from relaxed setback requirements, expedited development approval and potential tax benefits. An occupied duplex exists on the south end of the property on Skipper. May be razed or utilized for interim income. Buyer to verify lot dimensions.
Data source: Emerald Coast Association of REALTORS®
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$1,100,000
253 SE Miracle Strip Parkway, Fort Walton Beach, FL 32548
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$750,000
757 Mayflower Avenue, Fort Walton Beach, FL 32547
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$935,000
3 bd · 3 ba · 1,560 sf
590 Santa Rosa Boulevard UNIT 203, Fort Walton Beach, FL 32548
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$973,900
3 bd · 4 ba · 2,350 sf
731 Sailfish Drive, Fort Walton Beach, FL 32548
No photo
$989,200
3 bd · 3 ba · 1,629 sf
676 Santa Rosa Boulevard 4NO, Fort Walton Beach, FL 32548
No photo
$990,000
3 bd · 3 ba · 1,503 sf
790 Santa Rosa Boulevard 7003, Fort Walton Beach, FL 32548
Counts Real Estate Group
Courtesy of RE/MAX Coastal Properties · Ed & Terri Smith · 850-837-5500
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Listing data last updated 2026-08-23 21:30:28.