Fort Walton Beach · Building Market Report
Waterscape Resort 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
12 units closed at Waterscape Resort in the trailing 12 months at a median of $615,000, with a 98.1% median list-to-sale ratio. On the active side, 2 of 10 listings sit below original list price, and standing inventory works out to 10.0 months of supply at the current sales pace.
The height cap is the structural fact a buyer should price around here, because it is permanent and written into the covenants rather than into a plan that could change. With seventy-five feet above sea level as the ceiling, this property has no high floors to sell, so the premium that sorts a beach tower's stack from bottom to top does not exist. What sorts value instead is orientation and distance to the dune line across the county parcel to the south. The second point is what the association does and does not own: land stopping short of the shoreline changes the maintenance obligation, and uneven flood mapping across the site means two units in the same resort can carry different annual insurance costs. Ask for the zone and the elevation certificate for the specific residence before pricing that in, and compare inside the property by outlook, not against height driven comparisons from Destin.
Year-over-year figures compare the 12 complete calendar months from November 2025 through October 2026 with the 12 before them. That window can differ from the trailing totals above, which run day-precise through November 1, 2026 rather than by whole calendar months.
| Period | Value |
|---|---|
| 2023 | Sample too small |
| 2024 | $1.03M |
| 2025 | $838K |
| 2026 YTD | $615K |
| Period | Value |
|---|---|
| 2023 | Sample too small |
| 2024 | $721 |
| 2025 | $668 |
| 2026 YTD | $650 |
| Period | Value |
|---|---|
| Nov 24 | 1 |
| Dec 24 | 0 |
| Jan 25 | 1 |
| Feb 25 | 0 |
| Mar 25 | 2 |
| Apr 25 | 0 |
| May 25 | 1 |
| Jun 25 | 0 |
| Jul 25 | 0 |
| Aug 25 | 0 |
| Sep 25 | 1 |
| Oct 25 | 1 |
| Nov 25 | 3 |
| Dec 25 | 1 |
| Jan 26 | 0 |
| Feb 26 | 2 |
| Mar 26 | 2 |
| Apr 26 | 1 |
| May 26 | 1 |
| Jun 26 | 0 |
| Jul 26 | 0 |
| Aug 26 | 1 |
| Sep 26 | 1 |
| Oct 26 | 0 |
The monthly charts cover the 24 complete calendar months from November 2024 through October 2026, and a month with no closings is a zero bar rather than a gap. Their last 12 months are the window the year-over-year figures compare.
Based on information from ECAR for the period November 2, 2021 through November 1, 2026.
From the active file
10 units are on the market at Waterscape Resort today - a sample of the current file:
$980,000
1110 Santa Rosa Boulevard Unit C400
Fort Walton Beach, FL 32548
$699,000
1110 Santa Rosa Boulevard Unit A333
Fort Walton Beach, FL 32548
$565,500
1110 Santa Rosa Boulevard Unit A430
Fort Walton Beach, FL 32548
$874,000
1110 Santa Rosa Boulevard Unit A112
Fort Walton Beach, FL 32548
$875,000
1110 Santa Rosa Boulevard Unit B308
Fort Walton Beach, FL 32548
$675,000
1110 Santa Rosa Boulevard Unit A109
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) | $615,000 |
|---|---|
| Middle-half range (25th-75th pct, 19 priced sales / 24 mo) | $592,500 - $865,000 |
| Median price, 2024 to 2026 | -40.4% ($1,032,000 to $615,000) |
| Average sale price (12 mo) | $693,542 |
| Sales volume, trailing 12 months | $8,322,500 |
| Sale price range, trailing 12 months | $570,000 - $980,000 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 1 BR | 2 | 3 | $590,000 |
| 2 BR | 7 | 8 | $685,000 |
| 3 BR | 1 | 1 | Sample too small |
Based on information from ECAR for the period November 2, 2021 through November 1, 2026.
What similar rentals earn nearby
$256/night
Average Daily Rate
Trailing 12 months, average across Okaloosa County condos, 1-3 bedrooms
57%
Occupancy
Guest, owner and held nights over calendar nights, across Okaloosa County condos, 1-3 bedrooms
47 nights
Owner Use
Owner and maintenance nights per rental, trailing 12 months, across Okaloosa County condos, 1-3 bedrooms
$93 to $390
Monthly Rate Range
Average nightly rate by month, lowest in January, highest in June
3543
Rentals Tracked
Units in Okaloosa County condos, 1-3 bedrooms
5 nights
Average Stay
67 days
Booking Window
Average lead time before arrival
Market data by Key Data · 3543 similar rentals tracked (Okaloosa County condos, 1-3 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 Waterscape Resort. 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: 9 of 10 active listings disclose"Short Term Rental - Allowed". Always verify the association's current policy.
The neighborhood: Waterscape
Waterscape Resort 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 2, 2021 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?
12 units closed at Waterscape Resort in the trailing 12 months, from $570,000 to $980,000. 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 Waterscape Resort?
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
- Okaloosa County IGIS: Parcels layer, the Waterscape series and both public beach parcels south of it (accessed August 23, 2026)
- Okaloosa County IGIS: Site Address layer, 1110 Santa Rosa Boulevard (accessed August 23, 2026)
- Okaloosa County IGIS: Zoning layer at this parcel (accessed August 23, 2026)
- Okaloosa County IGIS: City Limits layer at this parcel (accessed August 23, 2026)
- Okaloosa County: Okaloosa Island Protective Covenants and Restrictions (accessed August 21, 2026)
- Okaloosa County: short-term rental information for owners (accessed August 21, 2026)
- Okaloosa County IGIS: FEMA flood layer, the six mappings recorded under this site (accessed August 23, 2026)
- FEMA National Flood Hazard Layer: the point this page stores (accessed August 23, 2026)
- Florida Statutes 718.112: bylaws, budgets and reserves (accessed August 21, 2026)
- Okaloosa County IGIS: WaterBodies layer (28), attribute and spatial queries re-run today (accessed September 28, 2026)
- Okaloosa County IGIS: Parcels layer (11), real ring geometry for both public parcels (accessed September 28, 2026)
- FEMA National Flood Hazard Layer: county beach parcel queried against its real polygon (accessed September 28, 2026)
- FEMA National Flood Hazard Layer: federal parcel queried against its real polygon (accessed September 28, 2026)
- Florida DOR Statewide Cadastral service definition, Okaloosa County coverage (accessed September 28, 2026)
- USGS National Map: NHD Waterbody, Large Scale layer, offshore Gulf point (accessed September 28, 2026)