What $500,000 to $700,000 Can Buy in Mary Esther, Fort Walton Beach, and Navarre

Last Updated: 8/25/2026

Buyers searching between $500,000 and $700,000 on the Emerald Coast have very different options depending on where they look. In Mary Esther, that budget can lean toward quiet residential living, Hurlburt Field convenience, and even waterfront land. In Fort Walton Beach, it can mean anything from a Gulf-front condo on Okaloosa Island to an updated single-family home. In Navarre, buyers may find larger lots, newer homes, community amenities, and Sound-side lifestyle options.

Below are current examples from the live CoastalHomes850 search pages for homes and properties between $500,000 and $700,000 in Mary Esther, Fort Walton Beach, and Navarre. Listings, prices, photos, and availability can change quickly, so buyers should always confirm the latest details with Melinda Vazquez of Coldwell Banker Realty.

What $500,000 to $700,000 Can Buy in Mary Esther

Mary Esther is the quietest and most residential-feeling of the three, and in the $500,000 to $700,000 range, buyers may see updated single-family homes near a neighborhood boat slip, or larger waterfront land opportunities. This range can also include commercial opportunities for buyers interested in owning a business along a high-traffic corridor. The tradeoff on the residential side is simple: fewer listings, but strong proximity to the Sound, Fort Walton Beach, Navarre, and the west side of the Emerald Coast.

$540,000

2 Islandview Dr, Mary Esther, FL 32569

5 beds • 3 baths • 2,593 sq ft

A rare boat-slip community with Bay access

This Islandview home shows how far this budget can go for buyers who want soaring ceilings, a classic fireplace, a screened back patio, and a neighborhood that comes with a dock, rentable boat slips, and a community pool, all just minutes from Hurlburt Field, Navarre Beach, and Okaloosa Island.

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$595,000

00 Tarpon Rd, Mary Esther, FL 32569

Waterfront land • about 3.38 acres

A larger waterfront estate opportunity

Mary Esther also has land opportunities in this range. This waterfront parcel is positioned for a private estate-style build, with Santa Rosa Sound access and a location that keeps Hurlburt Field, Fort Walton Beach, Navarre, Gulf Breeze, and Destin within reach.

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$589,000

2847 Us Highway 98, Mary Esther, FL 32569

Waterfront land • about 0.50 acres

153 feet of Intracoastal shoreline

For buyers who want to build from scratch, this Mary Esther parcel offers unobstructed frontage on the Intracoastal Waterway with a natural sandy shoreline, sewer access, and a 13-foot elevation, positioned between Fort Walton Beach, Navarre, Gulf Breeze, and Destin.

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$675,000

120 Mary Esther Blvd, Mary Esther, FL 32569

Commercial • car wash business

A high-traffic commercial opportunity (commercial, not residential)

This range also covers an established car wash business on a prime commercial lot along a high-traffic street, with newly replaced touchless equipment and minimal owner involvement. It's worth noting this listing is a business opportunity rather than a home or homesite.

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See all Mary Esther homes between $500,000 and $700,000

What $500,000 to $700,000 Can Buy in Fort Walton Beach

Fort Walton Beach gives this price range a split personality in the best way. Buyers may compare Gulf-front condos on Okaloosa Island with updated single-family homes and brand-new construction, all close to Eglin Air Force Base, Hurlburt Field, downtown Fort Walton Beach, shopping, dining, schools, and beaches.

$548,900

590 Santa Rosa Blvd Unit 301, Fort Walton Beach, FL 32548

1 bed • 1 bath • 941 sq ft

Turnkey ownership at Waters Edge

In Fort Walton Beach, this range can open the door to a beautifully renovated condo at Waters Edge, offered furnished with quartz counters, a private balcony toward the Gulf and Sound, direct beach access, a heated Gulf-front pool, and strong vacation-rental appeal.

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$640,000

381 Santa Rosa Blvd Unit C611, Fort Walton Beach, FL 32548

2 beds • 2 baths • 1,058 sq ft

Gulf-front views with proven rental income

This Breakers condo highlights the beachside side of Fort Walton Beach, with a sixth-floor Gulf-front balcony, a fully updated kitchen and baths, resort amenities like two pools and a fitness center, and an established rental history for buyers considering income potential.

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$579,000

604 Ne Merioneth Dr, Fort Walton Beach, FL 32547

4 beds • 2 baths • 2,349 sq ft

A custom-designed Kenwood home

Buyers who prefer a traditional neighborhood setting can also find single-family options in established Fort Walton Beach communities. This Kenwood home pairs a show-stopping custom kitchen with herringbone brick flooring, a vaulted primary suite, and timeless craftsman-style finishes.

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$589,900

403 Marlowe Dr, Fort Walton Beach, FL 32547

4 beds • 3 baths • 2,108 sq ft

Brand-new construction with a rare 3-car garage

Closer to town, buyers may also find newer-build homes with modern finishes, a split floor plan, quartz countertops, and a rare 3-car garage with room for a boat or RV, all with convenient access to local military bases, downtown Fort Walton Beach, and the beach.

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See all Fort Walton Beach homes between $500,000 and $700,000

What $500,000 to $700,000 Can Buy in Navarre

Navarre is often where buyers start seeing more square footage, larger lots, newer construction, community amenities, and water-oriented options in this budget. It can be especially appealing for buyers who want a more relaxed coastal community while staying connected to Hurlburt Field, Pensacola, Fort Walton Beach, Gulf Breeze, and Navarre Beach.

$589,900

7624 Hatteras Dr, Navarre, FL 32566

5 beds • 3 baths • 2,711 sq ft

Newer spacious construction in Holley-Navarre

Navarre often delivers more interior square footage in this range. This Buckeyes Landing home offers five bedrooms, three full baths, a brick exterior, open-concept living, a private guest suite, and easy access to US-98 and State Road 87.

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$524,900

1818 Sea Pines Ln, Navarre, FL 32566

2 beds • 3 baths • 1,682 sq ft

Waterfront townhome with a deeded boat slip

Navarre buyers looking for water access can find unique attached-home options, too. This Santa Rosa Sound townhome includes a deeded boat slip, direct water views, gated-community setting, and space for kayaks, paddleboards, fishing gear, and beach toys.

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$589,900

8241 Cosica Blvd, Navarre, FL 32566

4 beds • 3 baths • 2,538 sq ft

Skyridge Estates space with a screened pool

This Skyridge Estates home shows the lifestyle side of Navarre: maple hardwood floors, a built-in home office, a screened and heated pool, a whole-home generator, and a fully fenced backyard, all less than a mile from Navarre High School.

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$630,000

2590 Lovewood Dr, Navarre, FL 32566

5 beds • 3 baths • 2,614 sq ft

Nearly new construction with a custom pool

At the higher end of the range, Navarre can offer newer, furnished pool homes with open farmland behind for extra privacy. Built in 2023, this home pairs a custom gunite pool and covered patio with no HOA and a quicker commute to beaches and Hurlburt Field.

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See all Navarre homes between $500,000 and $700,000

Listing examples are presented for informational and comparison purposes only. Prices, property details, MLS status, images, availability, HOA information, rental rules, and community details are subject to change and should be independently verified before making a purchase decision.