Fort Walton Beach · Condo Building
Waters Edge Condos for Sale
Waters Edge in Fort Walton Beach holds 106 homes and one commercial unit, number 119. That parcel carries the land record for the whole site, about 2.6 acres, and the homes run 802 to 1,568 square feet. No city boundary reaches 590 Santa Rosa Boulevard on Okaloosa Island, though, so the 2002 building answers to Okaloosa County for its local rules.
Updated
2002
Year Built
106
Total Units
Year built, floor and unit figures are as published by the sources cited at the foot of this page. Confirm them against the association's own documents during diligence.
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About Waters Edge
The Florida parcel roll files 107 parcels at 590 Santa Rosa Boulevard under the Waters Edge condominium legal, and every one carries 2002 as its actual year built. Of those, 106 are residential condominium units: sixteen in the 100 series and eighteen in each series from 200 through 600, with recorded living areas from 802 to 1,568 square feet. With every home the same age, interior size is the measure that separates one closing from another on the Waters Edge market analytics. The 107th parcel, unit 119, sits under a commercial use code with 498 square feet of recorded building area, so it stays out of any comparison between homes.
That commercial parcel also holds the roll's land record for the whole site, 114,721 square feet or about 2.6 acres, which matches the single outline the roll draws for all 107 parcels. The residential parcels list no land of their own, so the declaration is the document to read for how grounds, parking and shared expense divide between the homes and the commercial unit. Other island condominiums along Santa Rosa Boulevard each answer to a declaration of their own, and the Fort Walton Beach condo index sets them beside Waters Edge.
The mailing label says Fort Walton Beach, but Census place boundaries show no incorporated city at the site, so Okaloosa County rather than the city is the local government. The city has its own Fort Walton Beach area guide, separate from the county rules that govern this site. Most of the recorded ground falls in FEMA's VE category, the wave-action zone, where the base elevation is 13 feet; the smaller portion falls in AO. One outline is drawn for all 107 parcels, so the map cannot rank one residence above another, while a unit's own elevation certificate can.
Unit numbers in the 600 series suggest the building clears the three-habitable-story test in Florida's milestone law, which counts from the year a certificate of occupancy was issued. If that certificate shares the roll's 2002, the standard thirty-year inspection falls due by the end of 2032, or by the end of 2027 where the county's enforcement agency applies the twenty-five-year option for salt-water proximity. Whichever date the county has set is the one that counts, so request that notice from the association along with its latest structural integrity reserve study, which section 718.112 requires at least every ten years for a building three habitable stories or higher.
HOA & Fees
What is the HOA fee at Waters Edge?
As of November 12, 2026, the 7 Waters Edge condos for sale that report a fee on the MLS list HOA fees from $639 to $1,292 a month, with a median of $1,175 a month. Fees vary with unit size and type, so the fee for a specific residence is the one its listing and the association state.
Based on 7 active MLS listings that report an HOA fee. See the listings
Ask how the association's budget, insurance and reserve work are shared between the 106 residences and the one commercial unit, since the parcel roll cannot show that split. Under section 718.112, an owner-run association cannot waive or shrink reserves for the structural items the statute names once it adopts a budget dated December 31, 2024 or later, so request the current budget and the reserve study together and read the funding plan against the study's schedule. For any special assessment, ask for the notice of the meeting at which it was considered; the statute requires that notice to say assessments will be discussed.
Rental Policy
Short-term rentals: allowed. Confirm the current minimum stay and registration with the association.
Waters Edge stands outside every city, in unincorporated Okaloosa County. So start with the county. The county's rental guidance flags the Zone B-1 covenants on Okaloosa Island. If you cannot tell whether a lot is in a restricted area, the county says to call Growth Management. Whether the Waters Edge site falls in one has not been checked. Its declaration has not been read either. Minimum stays, owner approval and leasing limits are still open questions. Request both the declaration and current rules from the Waters Edge association.
Live Inventory
Active Listings at Waters Edge

$745,000
590 Santa Rosa Boulevard Unit 510
Fort Walton Beach, FL 32548

$548,900
590 Santa Rosa Boulevard Unit 301
Fort Walton Beach, FL 32548

$935,000
590 Santa Rosa Boulevard Unit 203
Fort Walton Beach, FL 32548

$790,000
590 Santa Rosa Boulevard Unit 104
Fort Walton Beach, FL 32548

$895,000
590 Santa Rosa Boulevard Unit 103
Fort Walton Beach, FL 32548

$529,000
590 Santa Rosa Boulevard Unit 315
Fort Walton Beach, FL 32548

$860,000
590 Santa Rosa Boulevard BLVD Unit 117
Fort Walton Beach, FL 32548
The short-term rental badge above is not a permission of record. It reflects the MLS short-term-rental field where a listing discloses one, and otherwise where the home sits. Confirm the association's current rules and the local registration requirement before relying on it.
Building Answers
Waters Edge FAQ
How much is the HOA fee at Waters Edge?
As of November 12, 2026, the 7 Waters Edge condos for sale that report a fee on the MLS list HOA fees from $639 to $1,292 a month, with a median of $1,175 a month. Fees vary with unit size and type, so the fee for a specific residence is the one its listing and the association state.
Which government covers 590 Santa Rosa Boulevard, the city or the county?
Okaloosa County governs the site. The Census place layer returns nothing at this address, so no city line encloses the building; the Fort Walton Beach name comes from the postal service.
Are all 107 parcels at Waters Edge homes?
Only 106 of the 107 parcels are homes, all residential condominium units recorded at 802 to 1,568 square feet. The 107th, unit 119, carries a commercial use code and 498 square feet of building area. A buyer comparing prices leaves it out and checks that any exported statistics have not counted it as a residence.
How much of the Waters Edge site lies in FEMA's VE wave-action zone?
About four-fifths of the recorded ground lies in VE, at a 13 foot base elevation, and the remaining fifth reads AO, which carries no published elevation. Every parcel shares one outline, so the elevation certificate and insurance quote for the exact unit are what set that home apart.
When is the 2002 Waters Edge building due for its milestone inspection?
The inspection falls due by the end of 2032 under the standard thirty-year clock, or the end of 2027 if the county's enforcement agency applies the twenty-five-year option, provided the certificate of occupancy shares the roll's 2002. The association can produce the county's notice.
Do the Okaloosa Island B-1 covenants limit nightly rentals at Waters Edge?
Okaloosa County Growth Management is the office that can say whether the B-1 covenants reach this lot, and the county sends island owners who are unsure to that office. A minimum stay or leasing limit specific to Waters Edge would be written into its declaration, so that is the document to request. A buyer gets both answers in writing and keeps them with the closing papers rather than leaning on a listing's rental history.
Sources
- Florida statewide cadastral, Waters Edge parcel series at 590 Santa Rosa Boulevard (accessed October 17, 2026)
- Census Bureau incorporated places at the Waters Edge point (accessed October 17, 2026)
- FEMA National Flood Hazard Layer over the Waters Edge outline (accessed October 17, 2026)
- Okaloosa County short-term rental information (accessed October 17, 2026)
- 2026 Florida Statutes, section 553.899 (accessed October 17, 2026)
- 2026 Florida Statutes, section 718.112 (accessed October 17, 2026)
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Communities in This Market
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