Excellent opportunity to transform a spacious home situated on a beautiful pond in central Fort Walton Beach, an easy drive to either the back gate of Hurlburt Field or to Eglin AFB. Offering generous room sizes, a flexible floor plan, and a lovely pond setting, this property is an outstanding opportunity for a complete renovation, either over time or as a flip. The generous living room, den with stone fireplace and adjoining kitchen create an expansive living area with excellent potential for a modern open-concept redesign. The small area with a bay window behind the kitchen, currently a sitting area, would also be perfect for a breakfast nook. The kitchen features a breakfast bar and plenty of storage including a pantry. All three bedrooms are amply sized. The primary bedroom provides a walk-in closet. The vanity area in the primary bath is open to the bedroom, and the tub/shower and toilet are in a separate room. Two additional bedrooms provide plenty of space for both beds and desks, and share the hall bath. Step outside to a spacious patio overlooking the lush backyard and tranquil pond, where herons, ducks, and other wildlife are frequent visitors. The open patio is plenty large enough for a picnic table and barbecue, perfect for entertaining. With ample room for outdoor living, gardening, and future enhancements, this backyard offers exceptional potential to create a private retreat. (Keep reading) Whether you're looking to create your forever home or invest in a property with exceptional upside, this home offers a rare combination of location, space, and waterfront setting. House is being sold as-is. New HVAC installed April 2025. Numerous repairs and improvements have been completed in recent years, with a list available upon request. Lawn pump replaced in March 2026. Laundry hookups are located in the garage. Buyers should verify all information deemed important.