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511 Pelham St, Fort Walton Beach, FL, 32547

5beds
3baths
2,389sqft
$440,000
$184price/sqft
$3,051/moest. monthly cost
$122,040/yrincome needed

About This Home

This home is an awesome combination of comfort, style, and functionality. It's perfectly located to travel to Eglin, Hurlburt Field and Destin. Close to the best of what Fort Walton has to offer. With a generous layout of five bedrooms and three bathrooms, this residence is perfectly suited for family living and entertaining. Also has detached living area in back yard with utilities. Recent updates ensure peace of mind and reduced energy bills via a new roof in 2021, a high-efficiency tankless hot water heater in 2020, a complete overhaul of the AC system and ductwork in 2020, and energy-efficient windows throughout. The main house features a welcoming split floor plan with four bedrooms and two bathrooms, offering privacy and space for everyone.

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
54
BikeBikeable

Schools

7/10
5/10

Construction

Condition

  • Property condition: Construction Complete
  • Year built: 1967

Materials

  • Roof: Shingle

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Microwave,Tankless Water Heater
  • Laundry features: Washer/Dryer Hookup

Bedroom

  • Level: First
  • Area: 132
  • Dimensions: 12 x 11

Bedroom

  • Level: First
  • Area: 132
  • Dimensions: 12 x 11

Bedroom

  • Level: First
  • Area: 121
  • Dimensions: 11 x 11

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Breakfast Bar,In-Law Floorplan,Recessed Lighting,Newly Painted,Split Bedroom,Natural Woodwork
  • Window features: Double Pane Windows
  • Flooring: Hardwood,Tile,Vinyl
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating

  • Heating features: Natural Gas

Interior Area

  • Total structure area: 2,389
  • Total interior livable area: 2,389 sqft

Kitchen

  • Level: First
  • Area: 168
  • Dimensions: 14 x 12

Laundry

  • Level: First
  • Area: 80
  • Dimensions: 8 x 10

Living Room

  • Level: First
  • Area: 168
  • Dimensions: 14 x 12

Master Bedroom

  • Level: First
  • Area: 180
  • Dimensions: 15 x 12

Other

  • Level: First
  • Area: 280
  • Dimensions: 20 x 14

Property

Details

  • Parcel number: 012S24270B000C0150
  • Zoning description: Resid Single Family

Features

  • Stories: 1
  • Exterior features: Private Yard,Sprinkler System
  • Fencing: Privacy

Lot

  • Lot size: 9,147 sqft
  • Features: Sidewalk
  • Lot size dimensions: 70 x 136

Parking

  • Total spaces: 5
  • Parking features: Attached Carport
  • Covered spaces: 1
  • Carport: Yes
  • Carport spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Lightning
Hurricane
Heat Wave
Tornado
Tsunami

FEMA Declared Disasters in Okaloosa County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,224$26,688
Home Insurance *$204$2,448
Property Taxes $383$4,596
Electricity $240$2,885
Total$3,051$36,612
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$104,605/yr
40% on housing$91,530/yr
45% on housing$81,360/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.8%
15.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$184This listing

vs Other Active Listings

Avg $/sqft

ZIP 32547$187
Okaloosa County$262

vs Homes Sold Last Month

Median $/sqft

ZIP 32547$216
Okaloosa County$205

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-30Listed for sale$440,000
2024-07-15Sold$364,000
2024-06-11Pending sale$359,000
2024-06-01Price change$359,000
2024-05-08Price change$369,000
2024-04-05Price change$389,000
2024-03-14Listed for sale$399,000
2013-05-05Listing removed$174,900
2013-01-03Sold$170,000
2012-10-27Price change$174,900
2012-09-14Listed for sale$178,900
2012-07-18Sold$90,000
2012-05-13Price change$109,900
2012-04-28Price change$114,900
2012-04-13Listed for sale$124,900
2011-10-06Listing removed$134,900
2011-09-30Price change$134,900
2011-09-19Price change$149,900
2011-08-31Price change$159,900
2011-08-18Listed for sale$170,000
2009-11-11Listing removed$184,900
2009-06-06Listed for sale$185,000
2006-07-12Sold$262,500

For Sale by Agent

AgentDylan M Sterling
BrokerageColdwell Banker Realty

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