Move in ready & updated -- a rare deep water opportunity on beautiful Cinco Bayou. Located in Flood Zone X, this home requires no flood insurance, making it one of the most affordable true waterfront buys in the area.
This inherited estate home has been in possession by only two families since its inception. It was expanded and updated by the second owner.
The Sale is subject to the completion of Probate.
This home is situated in a friendly walking, biking, strolling neighborhood. The neighborhood boat ramp just 3 minutes away, if you need one. A children's park complete with slides and swings is just a short 2 minute walk from the home.
Freshly updated with new interior and exterior paint & new LVP flooring. The home is tiled in the kitchen and baths. This home is clean, modern, and completely carpet free. Perfect for anyone seeking a Florida waterfront getaway or a full time coastal lifestyle.
A fisherman's and boaters Dream - Set on protected deep water, the private dock offers effortless access for your boats, jet skis, paddle boards, and more. Step right off the dock into the bayou for a quick dip or sunset paddle. And when you're ready for adventure, you're just minutes from Destin Pass and the Intracoastal Waterway, giving you fast routes to the Gulf, Crab Island, and endless boating destinations.
Space for All Your Toys - If you need room for your boat, watercraft, RV, trailer, or a workshop, this property delivers: (see add'l Remarks This home has:
o Two detached garages
o Carport
o Sheet rocked 2 car garage ideal for a workshop or future in law suite
o Extra large yard with circular driveway and abundant parking
o Exterior Shed.
The home has been fully repainted inside with new LVP flooring in the Living Room/Den and all bedrooms. The remainder of the home has tile flooring.
With approximately 2,157± sq ft of living space plus 800± sq ft of garage/workshop space, this home offers flexibility and room to grow. Inside you'll find - Large updated eat in kitchen perfect for entertaining, 3 bedrooms and 2 full baths, separate Living & Family Rooms
This home is ready for your imagination -- whether you want to expand, add an in law suite, or simply enjoy the peaceful waterfront lifestyle as is.
The dock, and covered slip is in need of repairs, but remains partially functional. Electric Boat Lift is operational. Dock, boat lift, exterior shed, wooden walkways, fences and Sprinkler system all convey as-is.
Exceptional value, deep water access, and the best of Cinco Bayou -- all under $800K. Homes like this don't come around often.
Sold for $725,000
Zestimate®
$725,000
298 Lafitte Cres, Fort Walton Beach, FL 32547
3beds
2,157sqft
Single Family Residence
Built in 1974
0.4 Acres Lot
$725,000 Zestimate®
$336/sqft
$2,958 Estimated rent
Home value
$725,000
$682,000 - $776,000
$2,958/mo
Zestimate® history
Owner options
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$2,958/mo
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$2,958/mo
Rent Zestimate®
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$4,977/mo
Est. payment
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$4,977/mo
Est. payment
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List your homeWhat's special
Two detached garagesExterior shedNew lvp flooring
Zillow last checked:
Listing updated:
Listed by:
Diane E Cheng 404-713-0071,
World Impact Real Estate
Bought with:
Diane E Cheng, 3334848
World Impact Real Estate
Source: ECAOR,MLS#: 1007776
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Description: Estimated dimensions
- Level: First
- Area: 126.5 Square Feet
- Dimensions: 11.5 x 11
Bedroom
- Description: Estimated dimensions
- Level: First
- Area: 182 Square Feet
- Dimensions: 14 x 13
Bedroom
- Description: Estimated dimensions
- Level: First
- Area: 195 Square Feet
- Dimensions: 15 x 13
Bathroom
- Description: Estimated dimensions
- Level: First
- Area: 48 Square Feet
- Dimensions: 8 x 6
Bathroom
- Description: Estimated dimensions
- Level: First
- Area: 42 Square Feet
- Dimensions: 7 x 6
Dining area
- Description: Estimated dimensions
- Level: First
- Area: 182 Square Feet
- Dimensions: 14 x 13
Family room
- Description: Estimated dimensions
- Level: First
- Area: 340 Square Feet
- Dimensions: 17 x 20
Kitchen
- Description: Estimated dimensions
- Level: First
- Area: 273 Square Feet
- Dimensions: 21 x 13
Laundry
- Description: Estimated dimensions
- Level: First
- Area: 54 Square Feet
- Dimensions: 9 x 6
Living room
- Description: Estimated dimensions
- Level: First
- Area: 280 Square Feet
- Dimensions: 20 x 14
Pantry
- Description: Estimated dimensions
- Level: First
- Area: 30 Square Feet
- Dimensions: 6 x 5
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Microwave, Range Hood, Refrigerator, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, Tray Ceiling(s), Vaulted Ceiling(s), Kitchen Island, Pantry
- Flooring: Tile, Vinyl
- Windows: Double Pane Windows, Window Treatments
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,157
- Total interior livable area: 2,157 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 9
- Parking features: Garage Door Opener, Boat, Attached Carport, Detached, Other, Oversized, RV Access/Parking, Carport, Garage
- Garage spaces: 3
- Carport spaces: 1
- Covered spaces: 4
Features
- Stories: 1
- Patio & porch: Patio, Porch
- Exterior features: Boat Slip, Boatlift, Dock, Private Yard, Separate Living Area
- Fencing: Chain Link,Partial,Privacy
- Has view: Yes
- View description: Bayou
- Has water view: Yes
- Water view: Bayou
- Waterfront features: Bay, Bayou, Gulf/Pass, Harbor, Intracoastal Wtrwy, Sound, Seawall
Lot
- Size: 0.4 Acres
- Features: Cleared, Irregular Lot, Within 1/2 Mile to Water
Details
- Additional structures: Yard Building
- Parcel number: 112S240130000B0010
- Zoning description: Resid Single Family
- Special conditions: Accept Backup Offers,Probate Listing
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick, Trim Wood, Siding CmntFbrHrdBrd
- Roof: Composition,Roof Pitched
Condition
- Construction Complete
- New construction: No
- Year built: 1974
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: Boat Launch, Playground, Short Term Rental - Allowed
- Security: Smoke Detector(s)
- Subdivision: COLONY ESTATES
Location
- Region: Fort Walton Beach
Financial & listing details
- Price per square foot: $336/sqft
- Tax assessed value: $517,450
- Annual tax amount: $1,834
- Date on market: 8/9/2026
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Sold | $725,000-6.5%$336/sqft |
Source:  ECAOR #1007776 Report a problem | ||
| 8/14/2026 | Pending sale | $775,000$359/sqft |
Source: ECAOR #1007776 Report a problem | ||
| 8/9/2026 | Listed for sale | $775,000+715.8%$359/sqft |
Source: ECAOR #1007776 Report a problem | ||
| 8/1/1984 | Sold | $95,000$44/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $208,770 +2.9% |
| 2024 | -- | $202,886 +3% |
| 2023 | -- | $196,977 +3% |
| 2022 | $1,834 +0.7% | $191,240 +3% |
| 2021 | $1,822 +1% | $185,670 +1.4% |
| 2020 | $1,803 -2.4% | $183,107 +2.3% |
| 2019 | $1,847 +1.1% | $178,990 +1.9% |
| 2018 | $1,827 | $175,653 +2.1% |
| 2017 | $1,827 +2% | $172,040 +2.1% |
| 2016 | $1,792 +2.8% | $168,501 +0.7% |
| 2015 | $1,743 -0.9% | $167,330 +0.8% |
| 2014 | $1,760 | $166,002 +7.4% |
| 2013 | -- | $154,524 +1.7% |
| 2012 | -- | $151,941 +3% |
| 2011 | -- | $147,516 +1.5% |
| 2010 | -- | $145,336 +2.7% |
| 2009 | -- | $141,515 +0.1% |
| 2008 | -- | $141,374 +3% |
| 2007 | -- | $137,256 +2.5% |
| 2006 | -- | $133,908 +17.4% |
| 2005 | -- | $114,034 +3% |
| 2004 | -- | $110,713 +2.7% |
| 2003 | -- | $107,807 +2.4% |
| 2002 | -- | $105,280 +1.6% |
| 2001 | -- | $103,622 |
Find assessor info on the county website
Neighborhood: Ocean City
Nearby homes
- $694,2003 bd3 ba1.7k sqft614 Pelham Rd, Fort Walton Beach, FL 32547Off Market
- $946,8004 bd2 ba2.6k sqft254 Lafitte Cres, Fort Walton Beach, FL 32547Off Market
- $293,1001 bd1 ba968 sqft612 Pelham Rd, Fort Walton Beach, FL 32547Off Market
- $330,0102 bd2 ba1k sqft612 Pelham Rd #A, Fort Walton Beach, FL 32547Off Market
- $264,6002 bd2 ba950 sqft612A Pelham Rd, Fort Walton Beach, FL 32547Off Market
- $1,076,2004 bd3 ba2.6k sqft610 Pelham Rd, Fort Walton Beach, FL 32547Off Market
- $--6 bd3 ba2.9k sqft223 Alden Dr, Fort Walton Beach, FL 32547Off Market
- $872,9004 bd3 ba2.5k sqft250 Lafitte Cres, Fort Walton Beach, FL 32547Off Market
Nearby schools
GreatSchools rating
- 4/10Wright Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10W. C. Pryor Middle SchoolGrades: 6-8Distance: 0.9 mi
- 4/10Choctawhatchee Senior High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Wright
- Middle: Pryor
- High: Choctawhatchee
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$725,000
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With Zillow Showcase(estimated)
$739,500
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$725,000
2% more
+$14,500
With Zillow Showcase(estimated)
$739,500
- Florida
- Okaloosa County
- Fort Walton Beach
- 32547
- Ocean City
- 298 Lafitte Cres
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