Zalagaonica community

Zalagaonica Real Estate

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About Zalagaonica

About Zalagaonica

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Zalagaonica community

775

# of Listings

2

Avg # of Bedrooms

$461

Avg. $ / Sq.Ft.

$704,610

Med. List Price

14

Open Houses Today

20

Open Houses · Next 7 Days

Community totals. Selected price ranges apply to the listings below.

Homes for Sale in Zalagaonica

All prices

$250,000 - $500,000

Open Houses

775 Properties Found. Page 1 of 52.

Mar-a-Sol presents a once-in-a-market opportunity to acquire an irreplaceable Gulf-front site on Okaloosa Island, positioned just steps from the shoreline. Assets with this level of beach proximity are virtually nonexistent on the Emerald Coast and increasingly rare across Florida's entire Gulf Coast, making this offering exceptionally difficult to replicate.

The property currently consists of 69 units across two buildings and is 100% occupied, with the majority operating as long-term rentals, providing immediate, stable in-place income. The asset has benefited from thoughtful interior and exterior upgrades, allowing a buyer to maintain current operations while evaluating strategic alternatives.

Substantial upside exists through conversion to short-term rentals, with projected performance indicating the potential to approximately double the existing capitalization rate. For developers seeking higher and better use, plans are already in place for a seven-story luxury condominium tower, offering a rare opportunity to replace the existing structures and capitalize on elevated Gulf views and direct beach access.

The scarcity of comparable opportunities cannot be overstated. Beachfront sites this close to the Gulf are effectively irreplaceable, not only on Okaloosa Island but throughout much of the Emerald Coast and the broader Gulf side of Florida, where zoning, environmental constraints, and land availability severely limit new development. Whether held as a stabilized income-producing asset, repositioned for enhanced rental performance, or fully redeveloped into a premier luxury beachfront project, Mar-a-Sol offers multiple executable paths to value creation in one of Florida's most constrained coastal markets.

Fort Walton Beach

480 Santa Rosa Boulevard

None Beds

None Baths

N/A

$35,000,000

MLS#: 954584

#1014399

Destin

501 Osceola Drive

4 Beds

4 Baths

5,795 Sq.Ft.

$9,900,000

MLS#: 1014399

Power Center Site! Positioned directly along the high-traffic US Highway 98 corridor, this
prominent 20+/- acre property presents a rare commercial acquisition, redevelopment, and
adaptive-reuse opportunity in Mary Esther. Located adjacent to Target and Hampton Inn, the
property offers exceptional visibility and convenient access to Fort Walton Beach, Hurlburt
Field, surrounding, beaches, bays commercial and residential areas, and destinations throughout
the Emerald Coast. The site includes developed existing school that was in operation in 2026.
The buildings combined are approximately 53,186 square feet with existing improvements,
offering potential for repurposing or integration into a larger redevelopment vision. With prime
frontage along E. Miracle Strip Parkway ( US Hwy 98) and potential access extending to
Hollywood Boulevard, the property provides the scale, exposure, and connectivity to
accommodate a variety of future concepts. Currently zoned Public Use and adjoining C-1, C-2,
and residential zoning, the site may offer potential for commercial power center, hospitality,
multifamily, mixed-use, medical, senior-living, or other redevelopment opportunities, subject to
rezoning and all applicable land-use regulations and governmental approvals. Creative site
planning and evaluation of the property's developed and undeveloped acreage may provide
additional opportunities to maximize the site's potential. Bring your engineer and development paint
brush to Mary Esther, Ft Walton Beach area today!

Mary Esther

320 E Miracle Strip Parkway

None Beds

None Baths

N/A

$9,600,000

MLS#: 1007838

Extraordinarily rare waterfront assemblage favorably zoned ''MX-2 Mixed-Use'' (pursuant to City of Fort Walton Beach land development code) for high density redevelopment to achieve economies of scale involving a plausible host of viable development scenarios. Its prime ±248 fronting footage on the scenic Sound of Ft. Walton Beach, Florida, as well as ±248' along Miracle Strip Parkway, is within ±½ mile from the spectacular Brooks Bridge (under development and construction), as well as a pedestrian friendly, short walk to the historic downtown district of Fort Walton Beach, Florida. The combined total waterfront acreage is ±2.47, while the dimension of the two contiguous, combined parcels is as follows: 248' x 230' x 248' x 218'. The assemblage is offered as-is, where-is, with no attributable value to the current structures onsite. Buyer must verify zoning, potential development entitlements, riparian rights (dock / "marina") through the City of Ft. Walton Beach, Okaloosa County, and including but not limited to the Corp. of Engineers, and the FDEP. Access to the property is strictly prohibited unless properly scheduled with advance notice through the listing agent(s). Please inquire for additional information. "MX-2 Mixed High Use" was defined as follows: MX-2 Mixed-use (High Intensity) Zoning District. The mixed-use zoning district is established to provide for a wide variety of land uses, including multifamily structures, commercial and office uses, artisan studios, and cottage industries. Accessory uses for residential developments include onsite amenities, such as recreation facilities, carports, garages, storage buildings, parking lots, transit stops, and community buildings. Accessory uses for nonresidential developments include such onsite amenities as parking lots, parking structures, storage buildings, or transit stops. Open space in the form of plazas and courtyards may be provided. Waterfront locations may include accessory uses such as docks, boardwalks, or facilities for direct water access to support water-dependent uses. Uses within the MX-2 zoning district may be mixed within one (1) parcel or lot and may be mixed within one (1) building. The maximum density is thirty (30.0) dwelling units per acre. Bonus provisions may be authorized to allow a maximum density up to forty-five (45.0) dwelling units per acre. The maximum floor area ratio for nonresidential development is two (2.0) FAR. Bonus provisions may be authorized to allow a maximum floor area ratio of three (3.0) FAR.

Fort Walton Beach

54 SE Miracle Strip Parkway

None Beds

None Baths

2.47 acres

$6,950,000

MLS#: 982793

Income producing 22 Unit Multifamily Property with land near Harborwalk and McGuire's. There is additional revenue potential for a buyer who wishes to utilize the land as paid public parking. Please do not disturb tenants.

Destin

100 Calhoun Avenue

None Beds

None Baths

N/A

$6,000,000

MLS#: 1004027

Discover an unparalleled waterfront property offering endless possibilities for development. This rare gem consists of three adjacent parcels spanning over 400 feet of pristine water frontage, creating an exceptional opportunity for investors, developers, or visionary buyers.

Situated on 5 acres of prime land, this property boasts tremendous potential for commercial use or rezoning for residential development. Whether you envision a luxury waterfront community, an exclusive private estate, or a thriving commercial venture, this location provides the perfect canvas to bring your vision to life.

Adding to its appeal, this property has already been approved for condominium development, presenting a seamless opportunity for those looking to capitalize on a high-demand market.

Mary Esther

757 E Miracle Strip Parkway Parkway

None Beds

None Baths

5.03 acres

$5,000,000

MLS#: 971863

Positioned along Highway 98 with direct frontage and an AADT of 27,000 vehicles, this 4,000 SF retail building sits on a generous 5.03-acre parcel in one of Mary Esther's most active commercial corridors. Offered For Sale at $4,995,000, the property delivers exceptional visibility, strong traffic flow, and rare scale for this stretch of the Miracle Strip Parkway.

Supporting robust year-round demand from both local residents and the steady flow of commuters between Fort Walton Beach, Hurlburt Field, and Navarre. With its expansive acreage, prominent frontage, and flexible retail positioning, the site is well-suited for operators or investors seeking a high-impact location in a tightly held Gulf Coast market. This property represents a standout opportunity to secure significant land, frontage, and long-term commercial potential along one of Northwest Florida's most traveled coastal corridors.

Mary Esther

757 E Miracle Strip Parkway A

None Beds

None Baths

N/A

$4,995,000

MLS#: 1002656

Open house

AUCTION: Bidder registration deadline: 17 Nov. Starting bids expected between $1.5M-$3M....Within The Retreat at Old Pass, a new waterfront enclave of four homes on the Destin Harbor, this 2024 residence captures harbor views from every level and Gulf views from the upper floors. Made for life on the water, the home pairs deep-water slips on two private docks with quick runs through the Destin Pass to the Gulf's best fishing. Evenings come alive on the top level, where open living and dining spaces flow to an outdoor kitchen and deck overlooking the harbor at sunset. The waterfront primary suite offers a serene escape with a fireplace, meditation area, and private viewing deck. Below, the elevator takes you to the pool and spa, and the harbor's restaurants and shops are a short stroll away. Property and opportunity details provided by seller or others; buyer to verify.

Destin

714 Harbor Boulevard

8 Beds

7 Baths

4,862 Sq.Ft.

$4,650,000

MLS#: 998497

This entire building is offered for sale, which is located on the South side of Harbor Boulevard in Destin, Florida, encompassing (10) contiguous commercial retail storefront units, each measuring +/-600 SF, in addition to (10) two-story apartments, each measuring +/-1,400 SF with 2 bedrooms and 2.5 baths, featuring front and rear balconies. The strategic location of the site creates exceptional synergy from patrons walking across Harbor Boulevard from one of the City of Destin's largest public parking lots, which is located on the North side of Harbor Boulevard with a pedestrian crossing directing... visitors to the retail storefronts of this subject venue, known as Harbor Village. The entire building has been renovated. The site contains nearly 1-acre, approximately 220' of Highway 98 (aka, Harbor...Boulevard) frontage, and a total of (56) parking spaces. Each of the (10) separate deeds include (1) commercial retail storefront and (1) residential apartment atop the commercial space, both offering independent access, thus allowing for two different tenants in each of the units; in other words, the building in entirety could host (20) different tenants. The City of Destin zoning is known as South Harbor Mixed Use (SHMU). Please refer to the zoning fact sheet that is uploaded to this listing. Please inquire for further information and to coordinate a private showing.

Destin

220 Harbor Boulevard Units 1-10

None Beds

None Baths

N/A

$4,500,000

MLS#: 884792

Exceptional investment opportunity in the bustling town of Mary Esther. Situated right on Hwy 98 between Hurlburt AFB and Mary Esther Cutoff, this 16- unit professional office complex offers an ideal location for businesses seeking prime visibility and accessibility. Boasting a diverse mix of tenants including defense contractors, medical professionals, and other professionals, this property promises steady rental income and a investment. With its strategic position right west of Target, the complex enjoys excellent highway frontage and visibility, ensuring that businesses thrive in this high-traffic area. Ample parking further enhances the appeal of this property, making it convenient for both tenants and their clients.

Mary Esther

124 Hwy 98

None Beds

None Baths

N/A

$4,300,000

MLS#: 941845

Welcome to 24 Norriego Road of the prestigious Holiday Isle waterfront community in Destin, Florida!
This trophy property, a yachtsman's deep-water dream estate, was constructed new in 2014 and contains 5,000+ square foot of meticulous design and craftsmanship, 5 bedrooms with ensuite bathrooms, an elevator, a powder room serving guests located between the expansive kitchen and primary living room, and a full bath on the first floor adjacent to an area that could be flexible for the addition of an additional bedroom, bunk room, secondary media room, and/or game room, all oriented on a superior lot that offers sensational view corridors to the scenic bodies of water that surround this exclusive family compound.

Spaciousness throughout the home, including the oversized garages, will.. comfortably and privately accommodate extended family to enjoy the irreplaceable lifestyle this property offers.
There is such uniqueness of enjoying this spectacular estate and its private, waterfront pool, then boating to 'Crab Island', or perhaps the sensational fishing offshore in the Gulf of Mexico only minutes away from the oversized, deep-water dock, currently fitted with a 20,000lb boat lift; meanwhile others in your family can enjoy exclusive community beach access to one of the world's greatest beaches within approximately 1000' of this home's front door, which also accommodates golf carts.
The finishes and features throughout are extraordinary, as the owner spared no expense whatsoever.
Please inquire for further details and to schedule your private showing.

Destin

24 Norriego Road

5 Beds

5 Baths

5,081 Sq.Ft.

$3,995,000

MLS#: 914155

Offered exclusively for the first time, 923 Lido Circle presents a rare opportunity to own a masterfully designed European-inspired bayfront estate in the coveted Bluewater Bay community. Set along 100 feet of private Choctawhatchee Bay waterfront, this extraordinary residence offers nearly 7,000 square feet of living space and 8,710 total square feet, with beautiful water views and an exceptional setting for both everyday living and entertaining. Built by Maurice Sweet of Tier One Custom Homes, the residence reflects an uncompromising commitment to craftsmanship, quality, and detail, enhanced by meticulous German engineering. European-inspired design is woven throughout, from a historic scroll detailing the home's story and preserved beneath a glass-tiled entryway to custom Murano glass lighting throughout, imported finishes, and distinctive architectural elements. Designed with entertaining in mind, the expansive interiors provide an effortless backdrop for gatherings large and small, while the waterfront setting brings the beauty of Choctawhatchee Bay into nearly every experience. Thoughtfully appointed spaces, generous scale and timeless materials create a home that feels equally suited to elegant entertaining and relaxed coastal living. Private, sophisticated and unlike anything else currently offered in Bluewater Bay, 923 Lido Circle is an exceptional waterfront estate where craftsmanship, architecture and setting come together in a truly remarkable way. Each of the seven generously sized bedrooms features an ensuite, providing comfort and privacy for family and guests. A bay front office with a private bath serves as a tranquil work-from-home space with panoramic water views. The chef's kitchen is equipped with premium Miele appliances, including a steamer, wine refrigerator, ice maker, and a refrigerated walk-in pantry, perfect for both entertaining and everyday luxury. Large, open-concept living areas flow seamlessly, creating a layout ideal for gatherings, while still offering intimate retreats throughout the home. Outdoors, a fully enclosed saltwater pool and spa are surrounded by covered patios and balconies, with a summer kitchen complete with food prep and cooking areas. Whether relaxing by the pool or entertaining guests, the outdoor living spaces provide year-round enjoyment with sweeping views of the bay. The property's private party deck extends over the bay, providing a front-row seat to daily dolphin sightings, vibrant sunsets, and colorful rainbows. It's also equipped for boat dockage, offering convenient access to boating and water sports. Additional features include a guest house under beam, oversized walk-in closets, bidets in most bathrooms, solar panels for energy efficiency, and electronically controlled storm shutters for added security and peace of mind. Located in a quiet, upscale enclave of Bluewater Bay, this home is just minutes from the marina, Freedom Boat Club, sailing, water sports, LJ Schooners waterfront restaurant, and a host of recreational amenities, including golf, tennis, pickle ball, community pools, and walking trails. Destin's famed white-sand beachesincluding Crystal Beachare only a 10-minute drive away. The area also offers proximity to top-rated schools, shopping, dining, parks, hospitals, and all the conveniences of the Emerald Coast lifestyle. For the discerning buyer seeking a serene retreat that doesn't compromise on luxury, access, or amenities, this home represents an unparalleled coastal living experience.

Niceville

923 Lido Circle

7 Beds

8 Baths

6,952 Sq.Ft.

$3,800,000

MLS#: 989054

#989788

Shalimar

7 Bay Cove Lane

5 Beds

6 Baths

7,033 Sq.Ft.

$3,350,000

MLS#: 989788

Few properties on Florida's Emerald Coast can claim what 11 Paradise Point Road delivers: a private covered boathouse with a full boat slip, over an acre of waterfront land, and direct access to Choctawhatchee Bay. Set at the corner where Garnier Bayou meets Poquito Bayou in historic Shalimar, this is the kind of lot that simply does not come available. Water on two sides, a seawall running the full length of the property, and a manicured lawn sweeping to the shoreline beneath a canopy of generational live oaks. The boathouse is deep, protected, and ready for daily use, whether that means a morning run to Destin Harbor, an afternoon on the open bay, an evening on the sandbar, or simply fishing off the dock at golden hour. For those who live on the water, this property was built for it. The setting carries history as well as beauty. Shalimar takes its motto from the water itself -- 'By the Beautiful Water' -- and the small bayou town has held to that founding character for nearly eighty years. Platted in the 1940s and quietly anchored along Garnier and Poquito Bayous, Shalimar has retained the same shaded streets and shoreline rhythm while the rest of the Emerald Coast grew up around it. Live oaks arch over the lanes, the gentle tides of the bayou shape the shore, and life here remains close to the water. The estate spans 6,591 square feet across three thoughtfully designed stories. A circular paver driveway winds through mature oaks and palms to a stately coastal Southern facade: grey board-and-batten siding, a standing seam metal roof, soaring white columns, and a covered wraparound porch finished in stone tile with open water views. Inside, a grand great room anchors the main level, with walls of French doors opening to the waterfront porch. Hardwood floors, beadboard ceilings, and crown molding carry throughout. The kitchen features granite countertops, warm wood cabinetry, and stainless appliances. A billiard room, formal dining space, and full laundry room complete the level. The primary suite offers direct bayou views, a soaking tub, and a walk-in shower. A sweeping second-floor balcony delivers panoramic views of both bayous. The third floor houses a private observatory above the treeline. Two gas fireplaces, multiple patio areas, a firepit, and attached garage complete this exceptional offering, all within close proximity to Destin and Fort Walton Beach.

Shalimar

11 Paradise Point Road

4 Beds

4 Baths

6,591 Sq.Ft.

$3,299,000

MLS#: 1003521

Grand Harbor Unit 1040 is a breathtaking penthouse offering 4,315 square feet of luxury waterfront living with panoramic views of both the harbor and Gulf of Mexico. From the dramatic lit spiraling staircase to the full Lutron automation system, designer motorized draperies, and custom ceiling designs throughout, every detail reflects an extraordinary level of finish. The chef's kitchen features Viking appliances, gas cooktop, double wall ovens, custom ornate cabinetry, granite countertops, wine refrigerator, ice maker, and a large island with sink. The living room offers a fireplace and built-in bookcases, while the spacious balcony includes a built-in gas grill -- all with stunning water views. Two master suites each feature trayed ceilings, private balcony access, and spa-quality baths with separate walk-in showers, soaking tubs, double vanities, and marble throughout. Additional highlights include a purpose-built media room with cinema sound, a home office with built-ins, and a full laundry room. A deeded boat slip with motorized lift is included. Community amenities include a gated entrance, pool, fishing dock, fitness center, covered parking, owners' gathering room, and a guest apartment available to owners' guests. This is Destin waterfront living at its finest.

Destin

662 Harbor Boulevard 1040

5 Beds

4 Baths

4,315 Sq.Ft.

$3,200,000

MLS#: 1005294

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