Ad #7118188
MLS #992670
What if your waterfront home could help pay for itself? This
1491 W Hwy 98, Mary Esther, FL 32569
$985,000
4Beds
3Baths
2,986Sqft
0.44Acres
About this property
What if your waterfront home could help pay for itself? This rare opportunity offers 115 feet of shoreline, sweeping water views, & a versatile layout designed for both lifestyle & income potential. Whether you're searching for a primary residence, second home, or investment property, this one delivers. A newly built sundeck (2021) creates the perfect setting for boating, fishing, or sunset evenings on the water. Inside, the main home features tile flooring throughout, a bay-window breakfast nook w/ water views, full renovation in 2005-06 & extensive updates including roof, HVAC, and plumbing in 2021. The standout feature? A private 1,200 sq ft 1-bedroom apartment over the garage w/ its own entrance, balcony, HVAC, water heater, washer/dryer & security system--ideal for long-term tenants, short-term rental income, or extended family. Additional highlights include a 400 sqft office w/ separate entrance (perfect for a home business or guest suite), concrete safe room, workshop, circular driveway, newer appliances (5 yrs or newer), & abundant storage throughout. Live on the water, generate income, & maximize flexibility--all in one unique property.
Property Features
4 Beds
3 Baths
2,986 Sqft
Built in 1981
0.44 Acres
2 Stories
On Beachfront
Oversize
Siding: Concrete, Siding CmntFbrHrdBrd, Siding Vinyl, Trim Aluminum
Has Dock
Has Fireplace
$3,920 / yr property tax
Okaloosa County
METES & BOUNDS Community
Additional Photos
Contact Information
Michelle A Whitaker
ERA American Real Estate
850-855-8551
Location
Listing Agent: Michelle A Whitaker (License #: 3431337) 850-855-8551
Broker: ERA American Real Estate 850-651-2454 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: ERA American Real Estate 850-651-2454 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$985,000
4
Beds
3
Baths
2,986
Sqft
1491 W Hwy 98, Mary Esther, FL 32569
By contacting this agent you agree to these Terms and Conditions.
MLS# 992670
What if your waterfront home could help pay for itself? This
$985,000
1491 W Hwy 98, Mary Esther, FL 32569
4
Beds
3
Baths
2,986
Sqft
0.44
Acres
$985,000
1491 W Hwy 98, Mary Esther, FL 32569
4 Beds
3 Baths
2,986 Sqft
0.44 Acres
What if your waterfront home could help pay for itself? This rare opportunity offers 115 feet of shoreline, sweeping water views, & a versatile layout designed for both lifestyle & income potential. Whether you're searching for a primary residence, second home, or investment property, this one delivers. A newly built sundeck (2021) creates the perfect setting for boating, fishing, or sunset evenings on the water. Inside, the main home features tile flooring throughout, a bay-window breakfast nook w/ water views, full renovation in 2005-06 & extensive updates including roof, HVAC, and plumbing in 2021. The standout feature? A private 1,200 sq ft 1-bedroom apartment over the garage w/ its own entrance, balcony, HVAC, water heater, washer/dryer & security system--ideal for long-term tenants, short-term rental income, or extended family. Additional highlights include a 400 sqft office w/ separate entrance (perfect for a home business or guest suite), concrete safe room, workshop, circular driveway, newer appliances (5 yrs or newer), & abundant storage throughout. Live on the water, generate income, & maximize flexibility--all in one unique property.
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Property Details
HOME DETAILS
4 Beds
3 Baths
2,986 Sqft
Built in 1981
0.44 Acres
2 Stories
BEACH & VIEW
On Beachfront
EXTERIOR
Oversize
Siding: Concrete, Siding CmntFbrHrdBrd, Siding Vinyl, Trim Aluminum
Has Dock
INTERIOR
Has Fireplace
FINANCIAL & COMMUNITY
$3,920 / yr property tax
Okaloosa County
METES & BOUNDS Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7118188
Viewed
233 times
Listing Status
Active
Added
Jan 12, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Emerald Coast Association of Realtors
Source Property ID
992670
Listing Agent: Michelle A Whitaker (License #: 3431337) 850-855-8551
Broker: ERA American Real Estate 850-651-2454 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: ERA American Real Estate 850-651-2454 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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