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Fort Walton Beach Florida homes for sale

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What to know about Fort Walton Beach Florida real estate market

Fort Walton Beach is a city located in the panhandle of Florida.

It is situated on the Gulf Coast, approximately 20 miles east of Destin and about 100 miles west of Tallahassee.

The city is known for its beautiful beaches and many recreational opportunities, including water sports, fishing, and golfing.

Fort Walton Beach has a population of around 20,000 and is the principal city of the Fort Walton Beach-Crestview-Destin metropolitan area, which has a population of around 300,000.

The city is located in Okaloosa County and is home to Eglin Air Force Base, one of the largest military bases in the world.

The city was founded in the late 19th century and was named after a nearby fort that was built by the U.S. Army during the Civil War.

The area was originally inhabited by Native American tribes, and there are several historical sites in the area that highlight the region’s indigenous heritage.

Some popular recreational activities include:

  1. Beaches: The city has several beautiful beaches, including Okaloosa Island Beach, which is known for its white sand and clear water.

  2. Water sports: The Gulf of Mexico provides ample opportunities for water sports, including surfing, boating, and fishing. There are also several rentals and tours available for visitors to try their hand at activities such as kayaking, stand-up paddleboarding, and parasailing.

  3. Golfing: Fort Walton Beach is home to several golf courses, including the Shalimar Pointe Golf Club, which has a challenging layout and beautiful views.

  4. Parks: The city has several parks and green spaces, including the Fort Walton Beach Landing, which features a playground, picnic areas, and a skate park. The Landing also hosts events and festivals throughout the year.

  5. Museums and history: Fort Walton Beach has a rich history and several museums that showcase the area’s indigenous heritage and military past. These include the Gulfarium Marine Adventure Park, which features marine life exhibits, and the Air Force Armament Museum, which displays aircraft and military equipment.

Fort Walton Beach is home to a variety of employers, including large military and aerospace companies, as well as smaller businesses in sectors such as tourism, healthcare, and retail.

One of the major employers in the city is Eglin Air Force Base, which is one of the largest military bases in the world.

The base is home to a variety of military units and employs thousands of military personnel and civilian contractors.

Other major employers in Fort Walton Beach include aerospace and defense contractors such as Raytheon Technologies, The Boeing Company, and Lockheed Martin.

These companies have operations in the area and employ workers in fields such as engineering, research and development, and manufacturing.

The city is a popular tourist destination, so the hospitality and tourism industry is an important contributor to the local economy.

The real estate market in Fort Walton Beach has generally been strong in recent years, with steady price appreciation and low unemployment rates.

The city is a popular tourist destination, which has helped to drive demand for both residential and commercial properties.

From early 2022, the median home value in Fort Walton Beach was $246,400.

There is a mix of housing options available in Fort Walton Beach, including single-family homes, townhomes, and apartments.

The city has a number of new developments and older, established neighborhoods, which can appeal to different buyers.

The commercial real estate market in Fort Walton Beach has also been active, with demand for retail, office, and industrial space.

The city has a number of new developments and redevelopment projects underway, which are helping to attract businesses and investors to the area.

Overall, the real estate market in Fort Walton Beach has been strong in recent years, with steady price appreciation and a range of housing and commercial options available.

If you are considering buying or selling real estate in Fort Walton Beach, contact Banyan Bridge Group.

Our real estate agents can provide valuable guidance on current market conditions, help you determine the right price for your property, and assist you with the negotiation and closing process.

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