Will You Regret Moving To Okaloosa Island?

Hello everyone, Tim Whitmore here, coming to you from the stunning Emerald Coast of Florida, specifically the Destin-Fort Walton Beach area. If you're considering a move to Okaloosa Island, you've landed in the right place. Today, we're diving deep into what life on Okaloosa Island offers and addressing the big question: will you regret moving there? Whether you're drawn by the allure of beachfront living or the vibrant local culture, this article will provide you with all the insights you need.

Understanding Okaloosa Island

Okaloosa Island, often mispronounced in various creative ways, is actually a part of Fort Walton Beach. It's located just over the Brooks Bridge, descending into a peninsula that leads directly into Destin. This area is renowned for its pristine white sand beaches and the stunning emerald-colored waters of the Gulf of Mexico. A unique feature of Okaloosa Island is its Six Mile Stretch—a protected area with dunes and beaches owned by the military, yet accessible to the public for those long, scenic walks along the coast.

Attractions and Amenities

The island is not just about natural beauty; it also offers a plethora of activities and amenities. The Boardwalk is a hub of activity, featuring a variety of restaurants, shops, and entertainment options, including a Dueling Piano Bar and Rockin Tacos. For sports enthusiasts, there are volleyball nets and ample opportunities for water sports. On the Bayside, businesses like PowerUp Water Sports offer rentals for jet skis and other equipment, making it easy to enjoy both the Gulf and the Bay.

Living on Okaloosa Island: Pros and Cons

Cost of Living

One of the first considerations for anyone thinking of moving to Okaloosa Island is the cost of living. While it's true that the island is just a bridge away from Fort Walton Beach, there are some differences in expenses. Here's a breakdown of the cost of living indices for Fort Walton Beach:

• Groceries: Slightly above the national average at 100.2.
• Healthcare: 104.2, which is 4.2% above the national average.
• Utilities: 13.4% above the national average, reflecting the region's climate extremes.
• Transportation: Favorably lower than the national average at 90.1.
• Miscellaneous Expenses: 109.5, influenced by seasonal tourism.

Real Estate Insights

Real estate is a critical aspect, especially on an island known for its desirable location. As of mid-2024, the median home price on Okaloosa Island is $357,000, with properties ranging up to $1.4 million. This contrasts with Fort Walton Beach proper, where the median is significantly lower at $244,145. The real estate market here caters to a variety of lifestyles, offering everything from condos to single-family homes, though it's important to note that single-family homes on the island cannot be used for short-term rentals due to HOA regulations.

Lifestyle and Accessibility

Living on Okaloosa Island offers a lifestyle that many dream of—immediate access to beautiful beaches and a vibrant community atmosphere. Residents can enjoy a short walk to the beach without the hassle of packing a car or navigating through traffic. The island also provides access to both the Gulf and the Bay, offering varied aquatic activities from paddleboarding to boating.

Moreover, the proximity to downtown Fort Walton Beach is a significant advantage. The area is undergoing revitalization, adding more attractions and amenities that enhance the quality of life. Regular events like fireworks, live bands, and festivals at the Landing create a lively community vibe. However, it's worth noting the ongoing construction of Brooks Bridge, which could affect traffic and accessibility until its completion.

Traffic and Infrastructure

Traffic on Okaloosa Island is relatively contained since Santa Rosa Boulevard, the main road through the island, is not a through street. This limits traffic to residents, vacationers, and service vehicles, which helps maintain a quieter, more relaxed environment. However, the bridge construction and the planned reduction of lanes on Santa Rosa Boulevard could pose temporary inconveniences.

The island's infrastructure is also evolving, with improvements aimed at enhancing pedestrian and cyclist accessibility. These changes are expected to make the island even more appealing for those who enjoy outdoor activities.

Condo Living and Community Life

For those considering condo living, Okaloosa Island offers many options. Most condo complexes allow short-term rentals, which can be an attractive feature for investors or part-time residents. However, potential condo owners should be aware of possible special assessments and HOA management issues that could arise, particularly in the aftermath of storms or other unexpected events.

The social atmosphere in condo complexes can vary. Some newer complexes like Blue, primarily occupied by owners, tend to have less foot traffic and a more stable community feel. In contrast, older or more rental-focused complexes might see a higher turnover of neighbors and more lively social scenes, which could be a positive or negative depending on personal preferences.

Dining and Entertainment

Okaloosa Island is not just about the beaches; it's also a culinary destination. From the upscale Old Bay Steamer, known for its seafood, to casual spots like Rockin Tacos and AJ's, there's something for every palate. The island also hosts innovative venues like the Gulf, a unique outdoor dining space made from shipping containers, offering a fresh, modern dining experience.

In conclusion, while there are some considerations like traffic and construction, the benefits of living on Okaloosa Island—stunning natural beauty, a wealth of activities, and a strong sense of community—often outweigh the drawbacks. Whether you're seeking a permanent residence or a vacation home, Okaloosa Island offers a compelling lifestyle that many find irresistible. If you're contemplating a move to this vibrant community or have any questions about the area, feel free to call/text us at 850-204-4416 or email us at Admin@WhittemoreGroupRE.com. My team and I are here to help you navigate your options and find the perfect spot on the Emerald Coast.

Click here to see all available homes for sale in Fort Walton Beach, Florida.