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$425,898
3 Beds 2 Baths 979917 MLS
Incredible opportunity across from the Choctawhatchee Bay! This unique property spans two spacious lots, offering endless possibilities—whether you're looking to renovate the existing home or start fresh with new construction. The current 3-bedroom, 2-bath home offers great potential as a fixer-upper investment or a rental, with bay views just steps away. With two separate lots, you have the option to demolish and build two new homes, making this an ideal project for developers or investors. Enjoy serene water views and bay breezes from this prime location, just minutes from Choctaw Beach Park, boat launch, and all that Niceville has to offer. Don't miss your chance to own a piece of property in one of the area's most desirable water-view corridors—live in one, sell or rent the other, or create two dream homes. Opportunities like this don't come often! This property isn't just real estate; it's a canvas for vision. Whether you're a developer aiming for dual-new-build returns, an investor seeking value-add renovation gains, or a waterfront enthusiast dreaming of a beautiful Bayview residence, 13636 E State Hwy 20 delivers unmatched flexibility in a serene, high-demand location. Call today and make it yours!

13636 St Highway 20, Niceville

Listing courtesy of HomeBiz Properties.

$495,000
990375 MLS
Discover a rare offering in one of Niceville's most established and desirable residential corridors. This strategically located 2.94-acre vacant parcel sits along S. Cedar Avenue--just two blocks from Choctawhatchee Bay--and is perfectly positioned for a boutique residential development or a collection of private homes. Originally platted for 15 individual lots, the property now lends itself exceptionally well to a 4- or 5-lot configuration along Kailyn Court, offering generous homesite sizes, mature trees, and the charm of an established neighborhood setting. Utilities and public services are nearby, and the surrounding area features a blend of well-maintained single-family homes, quiet streets, and walkable access to the best of Old Niceville. All information is believed to be accurate but is not guaranteed. Prospective buyers are responsible for independently verifying all information and determining the property's suitability for their intended use. All final terms are subject to negotiation and shall be set forth in a fully executed sales agreement between the parties. Unmatched Proximity & Lifestyle Amenities: Top-Tier Schools: All primary and middle schools are within minutes, and Niceville High School is only a 3-minute drive, making this a perfect location for families seeking placement in one of Florida's most sought-after public school systems. Military Convenience: Just 15 minutes to Eglin Air Force Base, providing a prime location for military families and investors looking to tap into strong and stable housing demand. Outdoor Recreation: Stroll to the bayfront in under 5 minutes, launch a kayak or paddleboard, or enjoy the nearby parks and waterfront green spaces that define Niceville's relaxed coastal lifestyle. Central Access: Minutes to Niceville's commercial districts, medical offices, shopping, restaurants, local cafés, and the expanding Niceville-Valparaiso cultural and civic amenities. Regional Attractions: A short drive places you at Destin's white-sand beaches, the Emerald Coast's dining and retail hubs, and the region's renowned boating, fishing, and adventure destinations. Ideal for: small-scale developers, custom home builders, or end-users seeking an infill opportunity with substantial upside in a high-demand, low-inventory market.

940 S Cedar Ave, Niceville

Listing courtesy of Century 21 AllPoints Realty.

$380,000
3 Beds 2 Baths 985361 MLS
This .88 acre property is a true find in a quaint neighborhood. The sale includes two parcels along with a 1997 double-wide manufactured home offering 3 bedrooms, 2 baths, and 2 sitting rooms fully livable with utilities and septic already in place. Looking to build? With City approval, the property has the potential to be subdivided into multiple buildable lots, opening the door to endless possibilities. With no HOA and no restrictions, you'll enjoy freedom and flexibility to make it your own. Conveniently located just minutes from Eglin AFB, Hurlburt Field, and Duke Field, and only 15 minutes to the world-famous white-sand beaches of the Emerald Coast, this property combines location, opportunity, and value in one package.

215 Davis Dr, Niceville

Listing courtesy of Coldwell Banker Realty.

$210,000
2 Beds 2 Baths 983450 MLS
Welcome to low-maintenance lifestyle at The Florida Club. Enjoy the beautiful landscaping, views and amenities available to residents. Amenities include a pool, hot tub, grills, community room with kitchen and fitness center. This is a smart 2 bedroom 2 bath floorplan with spacious living space, vaulted ceilings, bonus loft for office, studio, etc. Enjoy beautiful vistas from your living room, master bedroom and private screened balcony this top floor unit. Plenty of parking places and an elevator. The Florida Club is conveniently located near golf courses, Rocky Bayou State Park with boat ramp, Bluewater Bay Marina, grocery stores, restaurants, shopping, entertainment and easy access to the Mid-Bay Bridge just a few miles down the road.

4274 Calinda Ln Unit APT 254, Niceville

Listing courtesy of Keller Williams Realty Destin.

$795,000
4 Beds 3 Baths 986199 MLS
Move in ready 4-bedroom 3 bath home in the gated community of Southwind in Bluewater Bay. Seller is offering $5,000 in closing cost assistance!! The remodeled kitchen has granite counter tops, wood cabinets, stainless steel appliances, walk-in pantry, & island with storage. The family room is right off the kitchen for open concept living. The living room has high ceilings, a fireplace, curved staircase to the second floor and is open to the large dining room. There is custom trim work throughout the home. In addition, this fabulous home has a screened in porch with outdoor kitchen area, and a heated and cooled Florida room on the first level. 3 bedrooms up including spacious primary and 2 renovated baths up, 2 car attached garage with a separate golf cart door and parking area, circular drive, laundry room with sink. Large corner lot with firepit, pergola and beautiful plantings with plenty of room for a pool. Bluewater Bay has a pool right around the corner along with golf, tennis and pickleball.

170 Baywind Dr, Niceville

Listing courtesy of Dalton Wade Inc.

$1,500,000
2 Beds 1 Baths 674157 MLS
Discover the potential of this well-maintained 8-unit apartment complex, perfectly positioned for steady rental income and future growth. The property consists of two buildings connected by a breezeway, offering a cohesive layout and convenient access for residents. Each of the eight units features 2 bedrooms, 1 full bath, a comfortable living room, a dedicated dining area, and a functional kitchen equipped with an electric oven, pantry, and refrigerator. Four units are currently tenant-occupied with varying lease terms, providing immediate income while leaving room for strategic updates or new tenants as desired. Sitting on a generously sized lot, this property offers rare development flexibility. There is ample space to expand up to 15 total units, allowing the addition of another apartment building, townhomes, or even single-family homes—making it an ideal opportunity for both seasoned investors and developers. Located just down the road from Northwest Florida State College and nearby medical facilities, the demand for quality rental housing in this area remains strong. With its prime location, existing income, and room to grow, this property is truly a standout investment with unlimited potential.

700 Palm Blvd, Niceville

Listing courtesy of KELLER WILLIAMS REALTY GULF COAST.

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