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308 Miracle Strip Pkwy SW Unit 5B, Fort Walton Beach, FL, 32548

2beds
1baths
868sqft
$157,500
$181price/sqft
$1,234/moest. monthly cost
$49,360/yrincome needed

About This Home

Welcome to Fountainhead, a WATERFRONT community in Fort Walton Beach that blends COASTAL living with practical amenities. This condo sits in a convenient location, moments from the beaches, shopping, dining, and the best of the Emerald Coast. The moment you step inside, the clean simplicity of the floor tile throughout gives the space an easy flow and makes day-to-day upkeep effortless. Appreciate the onsite swimming pool, especially on warm afternoons when a quick dip feels like a small luxury. The community also provides boat and kayak storage, and the private boat dock becomes a natural place to start a slow morning on the water or settle into a peaceful sunset. These features make it easy to enjoy the Intracoastal Waterway ICW without the typical hassle. The building allows a minimum rental period of one month, which attracts longer-term guests and seasonal residents who value a comfortable stay in a well-kept coastal community. It offers a balanced opportunity for both personal use and investment appeal. This condo delivers a straightforward, relaxed lifestyle with amenities that genuinely simplify waterfront living. If you are searching for something with access to the water, practical storage, and a community atmosphere, Fountainhead offers all of that in one place.

Getting Around

47
WalkingCar-Dependent
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: Construction Complete
  • Year built: 1980

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator,Electric Water Heater
  • Laundry features: Common Area

Bedroom

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

Bedroom

  • Level: First
  • Area: 110
  • Dimensions: 11 x 10

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First
  • Area: 275
  • Dimensions: 25 x 11

Features

  • Flooring: Tile

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 868
  • Total interior livable area: 868 sqft

Kitchen

  • Level: First
  • Area: 64
  • Dimensions: 8 x 8

Property

Details

  • Parcel number: 232S2409620000005B

Features

  • Patio & porch: Patio
  • On waterfront: Yes

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
  • Coastal Flooding
    Coastal FloodingModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Lightning
Hurricane
Coastal Flooding
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 $796$9,552
Home Insurance *$74$888
Property Taxes $167$2,004
Electricity $197$2,366
Total$1,234$14,808
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$42,308/yr
40% on housing$37,020/yr
45% on housing$32,906/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

$181This listing

vs Other Active Listings

Avg $/sqft

ZIP 32548$262
Okaloosa County$263

vs Homes Sold Last Month

Median $/sqft

ZIP 32548$220
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
2026-02-27Listed for sale$160,000
2026-01-01Listing removed$165,000
2025-12-02Price change$165,000
2025-08-26Price change$175,000
2025-07-05Price change$177,900
2025-04-10Listed for sale$179,900
2021-08-13Sold$160,000
2021-07-09Pending sale$170,000
2021-07-01Listed for sale$170,000
2021-06-21Pending sale$170,000
2021-06-09Price change$170,000
2021-05-27Price change$175,000
2021-05-17Listed for sale$180,000
2016-07-11Sold$60,500
2016-05-03Price change$69,500
2016-04-26Listed for sale$73,500
2013-08-14Sold$43,000
2009-10-20Sold$61,450
2009-05-16Listing removed$77,777
2008-12-22Listed for sale$77,777
2006-02-23Sold$161,000
2005-04-26Sold$139,900

For Sale by Agent

AgentLana Parks
BrokerageWatersound Real Estate

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