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140 Chippewa Dr, Niceville, FL, 32578

2beds
2baths
2,023sqft
$1,000,000
$494price/sqft
$6,718/moest. monthly cost
$268,720/yrincome needed

About This Home

UNMATCHED PRIVACY, SPECTACULAR VIEWS, & ULTIMATE NICEVILLE PARADISE ON 1.62 ACRES! Nestled on an expansive 1.3-acre lot, this one-of-a-kind Niceville property offers the ultimate blend of coastal proximity and secluded serenity. Backing up directly to protected Eglin AFB land, your peace and privacy are permanently guaranteed. Drink in spectacular, panoramic views of the Choctawhatchee Bay and overlook the serene secluded bayou waters of Grass Lake. Inside the brick home, an incredibly spacious layout anchored by original, retro-style decor and durable tile throughout--offering a fantastic, solid canvas for vintage design lovers or anyone looking to customize their dream coastal retreat. The 1.3 acre grounds feature a spectacular, park-like setting that effortlessly blends natural beauty with functional open space. A meticulously cleared, expansive lawn offers plenty of room for outdoor activities, pets, or perhaps even future additions, while mature, swaying palm trees adjorn the property to create an unmistakable, relaxed vibe. Own a private, sun-drenched sanctuary right by the water with NO HOA! The property boasts an Ultimate Hobbyist & Adventure setup for auto enthusiasts or craft lover, alike. An Oversized 4-Car Garage has a massive footprint with ample room for multiple vehicles, toys, and gear. A dedicated Mechanic Shop is fully ready for projects, heavy tools, and specialized work. A must see! Beside the garage is a covered RV Carport with high-clearance protection and will keep your motorhome, boat, or camper safe from the elements. Do not disturb! Appointments must be scheduled to view the home and/or property. Listing agents have resourced parcel/property information from the Walton County Property Appraiser's website. While the acquired information is deemed accurate and true, the buyer and/or buyer's agent should verify all details related to this property prior to purchase. The Listing agent and/or Lokation Real Estate broker do not warranty, nor guarantee, this MLS data to be accurate or true. Buyers are to perform their own due diligence and verify all information regarding the parcel, home and their intentions to improve or modify with Walton County Planning and zoning, prior to making their decision to purchase.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
11
BikeSomewhat Bikeable

Schools

6/10
7/10
Freeport Middle SchoolGrades 5-812.7 mi
8/10
Freeport Senior High SchoolGrades 9-1216.6 mi

Construction

Condition

  • Property condition: Construction Complete
  • Year built: 1985

Materials

  • Construction materials: Brick

Type & Style

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

Interior

Appliances

  • Appliances included: Cooktop,Microwave

Bedroom

  • Level: First
  • Area: 1
  • Dimensions: 1 x 1

Bedroom

  • Level: First
  • Area: 1
  • Dimensions: 1 x 1

Bedrooms & Bathrooms

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

Bonus Room

  • Level: First
  • Area: 1
  • Dimensions: 1 x 1

Features

  • Central Vacuum,Kitchen Island
  • Flooring: Tile
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,023
  • Total interior livable area: 2,023 sqft

Kitchen

  • Level: First
  • Area: 1
  • Dimensions: 1 x 1

Property

Details

  • Parcel number: 291S21410300030200
  • Zoning description: Resid Single Family

Features

  • Stories: 1
  • Patio & porch: Patio,Porch
  • Has view: Yes
  • View description: Bay,Lake
  • Has water view: Yes
  • Water view: Bay,Lake
  • On waterfront: Yes
  • Waterfront features: Lake Front

Lot

  • Lot size: 1.30 Acres
  • Features: Cleared,Covenants,Within 1/2 Mile to Water
  • Lot size dimensions: TBD By Buyer

Parking

  • Total spaces: 10
  • Parking features: Boat,Detached Carport,Detached,Oversized,RV Access/Parking,Carport,Covered
  • Has garage: Yes
  • Attached garage spaces: 6
  • Covered spaces: 10
  • Carport: Yes
  • Carport spaces: 4

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

  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Tornado
Tsunami

FEMA Declared Disasters in Walton 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 $5,056$60,672
Home Insurance *$886$10,632
Property Taxes $573$6,876
Electricity $203$2,443
Total$6,718$80,616
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$230,331/yr
40% on housing$201,540/yr
45% on housing$179,146/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: 16.1%
16.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 8.0%
8.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$494This listing

vs Other Active Listings

Avg $/sqft

ZIP 32578$253
Walton County$484

vs Homes Sold Last Month

Median $/sqft

ZIP 32578$245
Walton County$400

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
2026-08-14Price change$774,000
2026-07-03Listed for sale$1,000,000

For Sale by Agent

AgentElizabeth Bell
BrokerageLokation

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