For sale

$1,480,000

Est. $9,797/mo —

•

2,577

sq ft

553 Cove Dr, Fort Walton Beach, FL 32547

About this home

The Waterfront Life- Fort Walton Beach presents an exceptional 4-bedroom, 4.5-bath estate, privately positioned on nearly ¾ of an acre at the end of a quiet dead-end street. From the moment you arrive, the grand circular drive and expansive covered front porch set the tone for this remarkable property. Inside, a sophisticated open-concept, split-bedroom design is framed by breathtaking bayou views, with the primary suite and main living spaces thoughtfully positioned to capture the water and spectacular sunsets. The gourmet kitchen was beautifully remodeled in 2024 and features a generous breakfast bar designed for effortless entertaining, complemented by a spacious eat-in area. The luxurious primary bath has also been recently updated, creating a serene private retreat. Outside, an extraordinary waterfront lifestyle awaits. The resort-style saltwater pool is surrounded by an expansive paver deck and complemented by an outdoor cabana and pool house featuring a private gathering room and full bath--perfect for entertaining well into the evening. Boating enthusiasts will appreciate the impressive private dock, designed to accommodate up to three boats and a jet ski, complete with both a boat lift and jet ski lift, as well as a private boat launch and beach. A screened porch extends the entire length of the home, creating an exceptional outdoor living space where you can relax, entertain, and take in panoramic bayou views and stunning sunsets. NEW ROOF BEING INSTALLED! Additional amenities include an oversized garage with dedicated HVAC, a full bath, and an indoor workshop, offering an exceptional combination of functionality and luxury. Every detail of this waterfront retreat has been designed to embrace the beauty of its setting while providing an unparalleled lifestyle of privacy, comfort, and effortless entertaining. This is more than a home--it is a private waterfront sanctuary where resort-style amenities, exceptional craftsmanship, and breathtaking natural beauty come together. New seawall 2025

Single-familyProperty Type

2005Year Built

0.62 acresLot Size

$574Price/Sq.Ft.

2 garage spacesParking

Listed by Teresa Pattison • Coldwell Banker Realty

Listing updated: Oct 12, 2026 at 01:02pm

Redfin checked: 3 minutes ago

•Source:ECAR #1010610

Payment calculator

$9,797 per month

Principal and interest$8,279

Property taxes

$865

HOA dues

Home insurance

$654

Utilities

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This home is unavailable to tour on this day.

Next available date: Friday, October 16

Open houses

No upcoming open houses.

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Around this home

Schools

K - 12
Preschool & daycare

Shalimar Elementary School

Public PreK-5 • Assigned • 2.5mi

7/10

W. C. Pryor Middle School

Public 6-8 • Assigned • 1.4mi

5/10

Choctawhatchee Senior High School

Public 9-12 • Assigned • 1.5mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

553 Cove Dr · $1,480,000

Strong offer

$1.45M and above

75% chance or better to win

Why $1.45M+ is a strong offer

DAYS ON MARKET

The average home goes pending in 78 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Central vacuum
Breakfast bar
Cathedral ceilings
Fireplace
Kitchen island
Recessed lighting
Pantry
Split-bedroom layout
Wainscoting
Washer/dryer hookup
Painted woodwork
Double-pane windows
Storm windows
Window treatments

Bedrooms
4 bedrooms
Primary bedroom on the first floor with sitting area, walk-in closet, garden tub, separate tile shower, and waterfront view

Bathrooms
5 bathrooms total (4 full, 1 half)

Kitchen
Dishwasher
Disposal
Microwave
Refrigerator
Kitchen island
Pantry

Laundry & utility
Washer and dryer included (washer, dryer, washer/dryer hookup)
Gas water heater

Flooring
Hardwood
Tile

Heating & cooling
Central heating (natural gas)
Central air
Ceiling fans

Sale and tax history for 553 Cove Dr

Sale History
Tax History

Date

Event

Price

ECAR #1010610

Oct 12, 2026

Price Changed

$1,480,000

$574/sq ft

Sep 19, 2026

Price Changed

$1,500,000

$582/sq ft

Sep 8, 2026

Price Changed

$1,599,000

$620/sq ft

Aug 25, 2026

Listed

$1,650,000

$640/sq ft

ECAR #920628

Jun 30, 2023

Sold

$1,400,000

$543/sq ft

Jun 7, 2023

Pending

—

Jun 2, 2023

Price Changed

$1,550,000

$601/sq ft

Apr 7, 2023

Listed

$1,600,000

$621/sq ft

+103

Offer accepted but Kick out clause in place and still accepting showings. If you are looking for a beautiful waterfront ''fortress'' that includes a 33ft Fishing Boat -look no further, you just found it.This amazing 4BR/4.5BA home is nestled in the center of FWB. It has a beautiful salt water pool, and covered BBQ area (with water).Ceilings are 9ft throughout except the Great Room which has 18ft ceilings.The large dock, with room for 4 boats, was reconstructed in 2022 with flow through decking. There is a boat lift,dual 30-amp boat electrical service & water line for the folks who like to fish.The house has a ''safe''room in the MBA. The amazing screened porch is 68'x12 which overlooks Snapper Cove.The lot is High and Dry. No HOA's

Public Records

Feb 11, 1997

Sold

$145,000

$56/sq ft

ECAR #93322

Jan 17, 1997

Listed

$155,000

$60/sq ft

ECAR #78533

Jan 19, 1996

Listed

$169,500

$66/sq ft

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

100 ft.

Lot depth

270 ft.

Lot size

0.62 Acres

Year renovated

2005

Finished Sq. Ft.

2,437

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,437

Year built

2005

Style

Single Family Residential

County

Okaloosa County

APN

122S24021000030040

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 12, 2026.

R-2

Residential-2 District

The purpose of the residential-2 R-2 and suburban residential SR districts is to provide areas for medium density residential housing, and to provide for certain non-residential uses that contribute to the comfort and convenience of the district.

Permitted uses

Include but are not limited to:

Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Infrastructure
Mixed use
Educational/school
Recreation
Golf related
Park & open space

Climate risks

9/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

10/10 Heat Factor

7 days above 104° expected this year, 22 days in 30 years

9/10 Wind Factor

99% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Fort Walton Beach, FL • 32547

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

94/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 12% for direct sun exposure in Fort Walton Beach. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.5 hrs

7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 553 Cove Dr

$1,405,113

$75K under list price of $1.48M

Nearby comparable homes

The Redfin Estimate uses 5 recent nearby sales, priced between $305K to $1.7M.

SOLD OCT 2, 2026
$636,000 Last sold price
5 beds3 baths2,520 sq ft
308 Bella Vista Dr, Fort Walton Beach, FL 32547
$322/sq ft
smaller lot
16 years newer
SOLD OCT 5, 2026
$379,500 Last sold price
3 beds2 baths1,662 sq ft
2199 Opal Ct, Fort Walton Beach, FL 32547
$346/sq ft
smaller lot
7 years older
SOLD JUL 2, 2026
$1,670,000 Last sold price
4 beds3 baths3,174 sq ft
161 NW Beal Pkwy, Fort Walton Beach, FL 32548
$48/sq ft
7 years newer
SOLD JUL 23, 2026
$417,000 Last sold price
3 beds2 baths2,089 sq ft
413 Webster St, Fort Walton Beach, FL 32547
$374/sq ft
smaller lot
9 years newer
SOLD APR 15, 2026
$305,000 Last sold price
3 beds2.5 baths1,761 sq ft
116 Merle Cir, Fort Walton Beach, FL 32547
$401/sq ft
smaller lot
50 years older

Rental earnings

Est. $3,945 per month, based on comparable rentals

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