Fort Walton Beach · Building Market Report
Waters Edge Market Analytics
Every number a buyer, seller, or investor needs on one building: live inventory, closed-sale history, rental benchmarks, and the neighborhood around it - refreshed monthly from MLS and market data.
Inventory updated daily · Sale statistics updated November 1, 2026 · Next statistics update early December 2026
How the building is trading
3 units closed at Waters Edge in the trailing 12 months at a median of $850,000, with a 97.3% median list-to-sale ratio. On the active side, 2 of 7 listings sit below original list price, and standing inventory works out to 28.0 months of supply at the current sales pace.
Waters Edge is one condominium from one year, so age will not explain price differences between its homes; interior size and position in the unit-number series will. The roll's 106 residences range from 802 to 1,568 square feet, with sixteen homes in the 100 series against eighteen in each higher series. A building-wide median shifts when closings cluster in one size, so compare against a similar interior size rather than the whole-building figure. Keep unit 119 out of any home comparison: it is the commercial parcel and carries the site's land record on the roll. Flood mapping is drawn once for the whole outline and will not rank one unit above another. Refresh active listings first to see which sizes are actually available.
Based on information from ECAR for the period November 1, 2025 through November 1, 2026.
From the active file
7 units are on the market at Waters Edge today - a sample of the current file:
$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
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.
The investor file
| Typical acquisition (median, 12 mo) | $850,000 |
|---|---|
| Average sale price (12 mo) | $820,000 |
| Sales volume, trailing 12 months | $2,460,000 |
| Sale price range, trailing 12 months | $700,000 - $910,000 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 1 BR | 2 | 0 | Sample too small |
| 2 BR | 1 | 1 | Sample too small |
| 3 BR | 4 | 2 | Sample too small |
Based on information from ECAR for the period November 1, 2025 through November 1, 2026.
What similar rentals earn nearby
$291/night
Average Daily Rate
Trailing 12 months, average across Okaloosa County condos, 2-4 bedrooms
58%
Occupancy
Guest, owner and held nights over calendar nights, across Okaloosa County condos, 2-4 bedrooms
49 nights
Owner Use
Owner and maintenance nights per rental, trailing 12 months, across Okaloosa County condos, 2-4 bedrooms
$101 to $448
Monthly Rate Range
Average nightly rate by month, lowest in January, highest in June
2812
Rentals Tracked
Units in Okaloosa County condos, 2-4 bedrooms
6 nights
Average Stay
73 days
Booking Window
Average lead time before arrival
Market data by Key Data · 2812 similar rentals tracked (Okaloosa County condos, 2-4 bedrooms) · Nov 2025 to Oct 2026
Market statistics reflect the trailing performance of similar rental properties in this market, not this specific property, and are opinions of potential performance, not a guarantee of income. Performance varies with management, seasonality, and personal use. Verify rental eligibility and all figures independently.
The rental analysis is for signed-in readers
We publish each home's rental analysis on the signed-in side of the site, not on the open page. With a free account you will find, on the individual listings here that qualify, how rentals similar to that home perform: the average daily rate, occupancy, typical stay and booking window. The segment's daily rate, occupancy and tracked-rental count stay public on this page.
Sign in or create a free accountWhat decides whether a unit here can be rented
These are benchmarks for a segment of comparable rentals, not a finding about Waters Edge. What a unit here may actually do is set by documents, and there are three of them. The recorded declaration sets any minimum lease term. The association's current rules can add stay-length minimums, rental caps, or owner-occupancy requirements the local code does not impose, and a board can change them after a purchase. The city or county that governs this address runs its own short-term-rental registration requirements over both. Request all three in their current form from the association and the local government during diligence, before purchasing with rental income in mind.
Rental rules on the MLS today: 7 of 7 active listings disclose"Short Term Rental - Allowed". Always verify the association's current policy.
The neighborhood: Waterscape
Waters Edge sits in or beside the Waterscape Census neighborhood - the area figures below describe that neighborhood, not this building alone.
Neighborhood Data
Waterscape at a Glance
1,018
Properties
$452K
Median Home Value
87%
Second Homes / Seasonal
Source: LiveBy, via the U.S. Census Bureau American Community Survey 2023. Figures are area estimates for general market context.
Demographic information is provided for general informational purposes only and must not be used to make housing decisions on the basis of race, color, religion, sex, familial status, national origin, disability, or any other protected class. Dream Destin Realty supports the Fair Housing Act and equal-opportunity housing.
Reading this file
Where do these numbers come from?
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty and refreshed on a 30-day cycle. Based on information from ECAR for the period November 1, 2025 through November 1, 2026. Rental benchmarks are market-segment aggregates from Key Data - never figures for a specific unit. Neighborhood figures are LiveBy area estimates built on the U.S. Census American Community Survey.
Why is there no list of individual sold units?
3 units closed at Waters Edge in the trailing 12 months, from $700,000 to $910,000. MLS rules do not allow individual sold listings to be displayed publicly, so this page shows building-level statistics only - ask us for the unit-by-unitsold report and we'll walk you through it.
How are thin samples handled?
Any figure computed from fewer than three sales is withheld rather than published - a one-sale "median" is just that sale's price. Counts always show; prices earn their way onto the page.
Thinking about buying or selling at Waters Edge?
We track this building's sales and fees every month, and keep its rental rules on file - get the full picture before you commit.
- MLS market data (ECAR) - updated November 1, 2026
- Vacation-rental market data (Key Data) - updated November 1, 2026
- Neighborhood data (LiveBy / U.S. Census ACS) - updated November 1, 2026
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty.
Market statistics on this page are provided for informational purposes only. Information is deemed reliable but not guaranteed, and figures are not a guarantee of future market performance. Rental-income benchmarks are not a guarantee of future performance, so verify independently every time. These figures are not tax, legal, or investment advice; consult the appropriate licensed professional before making a financial decision. Data as of November 1, 2026.
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)