Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
7 Beds
6 Baths
3,205 sqft

$1,130,000

157 Monahan Drive, Fort Walton Beach FL, 32547

Price per sqft$352.57
Built in1969
Property size3,205 sqft
Property typeResidential

Overview

Active

Listed May 6, 2026

Updated Aug 27

Rare 98 ft of waterfront property with a 2 story dock, boat lift w/ electric & water, and multiple private lockout suites. It's flexible layout offers multiple possibilities. Perfect for a full-time coastal retreat, secondary home, Airbnb or multi generational property. No HOA and short term rental is allowed. Currently operating as a thriving turnkey waterfront rental property with proven success at its start in 2024 and going strong to the present. Enjoy stunning views, beautiful sunsets, expansive outdoor living space, a large balcony, and direct water access. OTHER FEATURES: LIGHT & BRIGHT GREAT ROOM, GRANITE COUNTER TOPS, LARGE KITCHEN ISLAND, COMMERCIAL REFRIGERATOR, 2 LAUNDRY AREAS, GAME ROOM, 3 LOCK OUT SUITES W/ KITCHENETTES, AMPLE PARKING, WHOLE HOME GENERATOR, 2 STORAGE SHEDS, 2020 AC UNIT, FLOOD GATES, EFFECTIVE YEAR BUILT 2000 2024 GROSS $160, 902 2025 GROSS $145, 328

$7,518/mo

Est. mortgage payment based on a $1,130,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1002197

Interior Features

Bedrooms
7
Bathrooms
6
Cooling
Yes
Basement
No

Other Property Details

View
Yes
Waterfront
Yes
MLS provider logo

Courtesy of LoKation, 
Listing Contact: 850-461-8140 

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Coastal Villages Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 Emerald Coast Association of REALTORS. All rights reserved.

Data last updated 1:12 PM UTC, 8/27/2026

Powered by Luxury Presence