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For sale
    • $799,000

    535 Dolphin Ave, Fort Walton Beach, FL 32548

    5beds
    2,770sqft
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    Single Family Residence
    Built in 1973
    0.41 Acres Lot
    $-- Zestimate®
    $288/sqft
    $-- HOA

    What's special

    Spacious bedrooms
    Welcome to a place where life slows down, salt air fills your lungs, and every day feels like you slipped quietly into vacation mode. This 5-bedroom, 3-bath coastal retreat sits on a rare barrier island just three miles in length, where the sugar-white Gulf waters stretch along the southern shore and the calm Sound and Intracoastal Waterway shimmer to the north. In other words--you're surrounded by water, beauty, and the kind of scenery people travel thousands of miles to find. Here, mornings begin with the soft glow of sunrise dancing across the Sound and end with fiery Gulf sunsets that paint the sky in impossible colors. A quick stroll or golf-cart ride places your toes in the sand, while the quiet rhythm of island living replaces the rush of the mainland. Inside, the home.... offers five spacious bedrooms and three full baths, creating room for gathering, hosting, and making memories that feel a little bigger when they happen near the water. Whether it's weekend guests, family holidays, or simply spreading out after a long beach day, this home was designed to welcome everyone. But what truly sets this property apart isn't just the home itself; it's the rare lifestyle that comes with living on a narrow ribbon of land between two breathtaking bodies of water. Paddleboard the Sound in the morning. Walk the Gulf beach in the evening. Watch dolphins pass by as if they're part of the neighborhood. Because when you live on an island like this...you don't just own a home you claim a piece of the coast.
    127 days
    |
    882
    |
    69
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Nikki Segraves Wood 850-420-0955,

    ERA American Real Estate

    Source: ECAOR,MLS#: 997888MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Primary bedroom
      • Level: Second
      • Area: 546 Square Feet
      • Dimensions: 26 x 21
      Bedroom
      • Level: First
      • Area: 121 Square Feet
      • Dimensions: 11 x 11
      Bedroom
      • Level: Second
      • Area: 144 Square Feet
      • Dimensions: 12 x 12
      Bedroom
      • Level: Second
      • Area: 121 Square Feet
      • Dimensions: 11 x 11
      Bedroom
      • Level: Second
      • Area: 121 Square Feet
      • Dimensions: 11 x 11
      Primary bathroom
      • Level: Second
      • Area: 64 Square Feet
      • Dimensions: 8 x 8
      Bathroom
      • Level: First
      • Area: 55 Square Feet
      • Dimensions: 11 x 5
      Bathroom
      • Level: Second
      • Area: 55 Square Feet
      • Dimensions: 11 x 5
      Foyer
      • Level: First
      • Area: 114 Square Feet
      • Dimensions: 19 x 6
      Garage
      • Level: First
      • Area: 209 Square Feet
      • Dimensions: 19 x 11
      Kitchen
      • Level: First
      • Area: 176 Square Feet
      • Dimensions: 16 x 11
      Laundry
      • Level: First
      • Area: 66 Square Feet
      • Dimensions: 11 x 6
      Living room
      • Level: First
      • Area: 520 Square Feet
      • Dimensions: 26 x 20
      Office
      • Level: First
      • Area: 190 Square Feet
      • Dimensions: 19 x 10
      Heating
      • Central
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator, Washer, Electric Water Heater
      • Laundry: Washer/Dryer Hookup
      Features
      • Breakfast Bar, Recessed Lighting, Pantry
      • Flooring: Parquet, Tile, Vinyl
      • Windows: Window Treatments
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 2,770
      • Total interior livable area: 2,770 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Oversized
      • Attached garage spaces: 1
      Features
      • Stories: 2
      • Patio & porch: Covered, Deck, Patio, Porch
      • Exterior features: Balcony, Private Yard
      • Has view: Yes
      • View description: Gulf, Sound
      • Has water view: Yes
      • Water view: Gulf,Sound
      Lot
      • Size: 0.41 Acres
      • Dimensions: 49 x 221 x 130 x 168
      • Features: Cul-De-Sac, Within 1/2 Mile to Water
      Details
      • Parcel number: 002S24218500050242
      • Zoning description: Deed Restrictions, Resid Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Beach House
      • Property subtype: Single Family Residence
      Materials
      • Stucco, Trim Vinyl
      Condition
      • Construction Complete,Renovated
      • New construction: No
      • Year built: 1973

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Features: Beach, Short Term Rental - Not Allowed
      • Security: Smoke Detector(s)
      • Subdivision: SANTA ROSA ISLAND
      Location
      • Region: Fort Walton Beach

      Financial & listing details

      • Price per square foot: $288/sqft
      • Tax assessed value: $458,928
      • Annual tax amount: $5,675
      • Date on market: 3/13/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        3/13/2026Listed for sale$799,000$288/sqft
        Source: ECAOR #997888 Report a problem
        10/26/2025Listing removed$799,000$288/sqft
        Source: Navarre Area BOR #974982 Report a problem
        4/28/2025Listed for sale$799,000-6%$288/sqft
        Source: Navarre Area BOR #974982 Report a problem
        1/18/2025Listing removed$850,000$307/sqft
        Source: ECAOR #955561 Report a problem
        7/26/2024Listed for sale$850,000+277.8%$307/sqft
        Source: ECAOR #955561 Report a problem
        5/27/2011Listing removed$1,695$1/sqft
        Source: SUNDANCE RENTAL MANAGEMENT INC #558038 Report a problem
        5/21/2011Listed for rent$1,695-3.1%$1/sqft
        Source: SUNDANCE RENTAL MANAGEMENT INC #558038 Report a problem
        4/7/2011Listing removed$1,750$1/sqft
        Source: Southern Real Estate Group #534359 Report a problem
        1/13/2011Listed for rent$1,750$1/sqft
        Source: Southern Real Estate Group #534359 Report a problem
        1/2/2007Sold$225,000-10%$81/sqft
        Source: Agent Provided Report a problem
        6/8/2004Sold$250,000$90/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$5,428 +9.1%$376,958 -9.7%
        2023$4,976 +8.2%$417,223 +8.2%
        2022$4,598 +15.2%$385,448 +29.7%
        2021$3,992 +13.4%$297,171 +7.9%
        2020$3,519 +7%$275,517 +9.3%
        2019$3,289 +7.3%$252,119 +10.8%
        2018$3,064 $227,599 +18.5%
        2017$3,064 +11.1%$192,078 +3.8%
        2016$2,757 +6.1%$185,006 +7.6%
        2015$2,598 +4.3%$171,897 +6.4%
        2014$2,492 $161,526 +2.9%
        2013-- $156,937 -2.1%
        2012-- $160,295 -8.1%
        2011-- $174,428 -3.9%
        2010-- $181,573 -7.6%
        2009-- $196,423 -25%
        2008-- $261,746 -6.5%
        2007-- $279,990 -9.6%
        2006-- $309,564 +47.7%
        2005-- $209,551 +92.8%
        2004-- $108,687 +5.3%
        2003-- $103,170 +2.4%
        2002-- $100,752 +1.6%
        2001-- $99,165
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Okaloosa Island

        Getting around

        15 / 100
        Car-Dependent
        40 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Elliott Point
        • Middle: Bruner
        • High: Fort Walton Beach

        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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