Skip To Content

40 & 38 NE Irwin Avenue

Fort Walton Beach, FL 32548
  • $550,000
  • STATUS: Active
  • ON SITE: 92 Days
  • MLS #: 973193
UPDATED: 48 min ago
$550,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

Don't miss this rare opportunity to own two prime investment properties in the Town of Cinco Bayou, on the edge of the highly sought after Elliott Point neighborhoodjust steps from Cinco Bayou, the public boat launch, local churches, popular restaurants, and retailers. This two parcel investment opportunity consist two homes with long and short term rental history. The front building features a beautifully renovated (2023) 2-bedroom, 1-bathroom home, currently operating as a successful short term rental. With its prime location and flexible layout, this space could easily be converted into a boutique office, retail shop, or professional studio. Guests and clients alike are welcomed by a large pergola-covered front patio an ideal setting for relaxing or entertaining under the Florida sun. The spacious back patio offers a peaceful retreat, perfect for al fresco dining or an outdoor break area. The second home includes a completely renovated (2023) two-story structure with 1 bedroom, 1 bathroom, a kitchen, and a living area upstairs, and storage downstairs which could potentially be converted into a third living space. Upstairs, all new flooring and modern finishes make this space move-in or rent-ready. Whether you're seeking an income-generating short term rental, a live/work setup, or a dynamic mixed-use investment, this gem offers unmatched versatility and charm.

Monthly Payment Calculator



© 2025 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Somers & Company. Vendor Member number: 28178. Data last updated: 2025-07-09T21:00:58.44.
Vendor Member #28178.
www.somerscompany.com/homes/162302745
Print Image

40 & 38 NE Irwin Avenue Fort Walton Beach, FL 32548

  • Price: $550,000
  • Status: Active
  • On Site: 92 Days
  • Updated: 48 min ago
  • MLS #: 973193
0
Beds
0
Baths
0
½ Baths
0.2
Acres
Neighborhood:
Fort Walton Beach
County:
Okaloosa
Area:
Fort Walton Beach
Property Description
Don't miss this rare opportunity to own two prime investment properties in the Town of Cinco Bayou, on the edge of the highly sought after Elliott Point neighborhoodjust steps from Cinco Bayou, the public boat launch, local churches, popular restaurants, and retailers. This two parcel investment opportunity consist two homes with long and short term rental history. The front building features a beautifully renovated (2023) 2-bedroom, 1-bathroom home, currently operating as a successful short term rental. With its prime location and flexible layout, this space could easily be converted into a boutique office, retail shop, or professional studio. Guests and clients alike are welcomed by a large pergola-covered front patio an ideal setting for relaxing or entertaining under the Florida sun. The spacious back patio offers a peaceful retreat, perfect for al fresco dining or an outdoor break area. The second home includes a completely renovated (2023) two-story structure with 1 bedroom, 1 bathroom, a kitchen, and a living area upstairs, and storage downstairs which could potentially be converted into a third living space. Upstairs, all new flooring and modern finishes make this space move-in or rent-ready. Whether you're seeking an income-generating short term rental, a live/work setup, or a dynamic mixed-use investment, this gem offers unmatched versatility and charm.
Exterior Features

Lot Size Dimensions 89 x 98 Waterfront Features []

Property Features

Business Name 40 & 38 Irwin Ave New Construction YN No Property Condition Existing Special Listing Conditions []

Listing courtesy of Coldwell Banker Realty: 850-863-4563.


© 2025 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Somers & Company. Vendor Member number: 28178. Data last updated: 2025-07-09T21:00:58.44.
Vendor Member #28178.
 
https://bt-photos.global.ssl.fastly.net/emerald/1280_boomver_1_973193-2.jpg https://bt-photos.global.ssl.fastly.net/emerald/1280_boomver_1_973193-2.jpg https://bt-photos.global.ssl.fastly.net/emerald/1280_boomver_1_973193-2.jpg
Logo
Somers & Company
,