Discovering Okaloosa Island: A Jewel of Fort Walton Beach, Florida

Discovering Okaloosa Island: A Jewel of Fort Walton Beach, Florida

November 16, 20247 min read

Nestled between Fort Walton Beach and Destin, Okaloosa Island is a serene gem in northwest Florida that blends natural beauty, rich history, and modern amenities. With white sandy beaches, emerald waters, and a strategic location in the Gulf of Mexico, Okaloosa Island is a popular destination for vacationers and a prime spot for those considering purchasing vacation property in northwest Florida. Here, we’ll dive into the island’s fascinating history, unique property laws, and some must-see attractions. Our local top producing real estate team is very familiar with Okaloosa Island. We are easy to talk with and never mind answering your questions.

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A Journey Through Time: The History of Okaloosa Island

Okaloosa Island’s roots stretch far back to the days of Native American occupancy. Indigenous tribes, primarily the Muscogee (Creek) and Choctaw peoples, lived along Florida’s Emerald Coast for centuries before European settlement. The area provided an abundance of food and trade opportunities. Artifacts discovered near Fort Walton Beach point to a rich history of Native American life and culture in the region.

The modern history of Okaloosa Island began in the mid-20th century, when the U.S. military recognized the area’s strategic importance. The military’s influence has played a key role in the development and preservation of the island. Nearby Eglin Air Force Base, one of the largest in the U.S., not only brought increased population and infrastructure to the region but also served to protect Okaloosa Island from overdevelopment. This proximity to the base has helped keep much of the natural landscape intact, adding to the island’s unique appeal.

Okaloosa Island Real Estate: Understanding Leasehold Property and the Okaloosa Island Leaseholders Association

If you’re searching for “Okaloosa Island condos for sale,” you may come across an important term: leasehold property. Unlike fee-simple ownership, where you own both the land and any structures on it outright, leasehold property means you own the building or condo, but the land itself is leased from Okaloosa County. This arrangement dates back to the establishment of the island’s development regulations in the 1950s and 1960s, when Okaloosa County sought to maintain control over the island’s growth.

The Okaloosa Island Leaseholders Association (OILA), also known as the Okaloosa Island Owners Board, is a community organization that advocates for property owners on the island. They play a key role in managing leasehold concerns, negotiating lease terms, and ensuring the maintenance of public areas. The OILA works to maintain a balance between promoting tourism, preserving natural spaces, and representing the interests of local property owners.

Leasehold Property on Okaloosa Island: Conversion to Fee Simple Ownership

In recent years, some Okaloosa Island property owners have explored converting their leasehold properties to fee simple ownership, which would grant them full rights over both the land and structures. While this option isn’t available for every property, many condominium associations and property owners are interested in the conversion process.

Conversion typically requires approval from Okaloosa County and a series of legal steps, including appraisals and assessments. While the conversion can provide greater security and flexibility for property owners, it can be a lengthy and costly process. Consulting with a local real estate attorney and understanding county policies are essential for anyone interested in pursuing fee simple ownership on Okaloosa Island.

The Okaloosa Island Boardwalk and Fishing Pier

One of the island’s most beloved attractions is the Okaloosa Island Boardwalk. This family-friendly area offers restaurants, souvenir shops, and beach access, making it a favorite gathering spot for both locals and visitors. The boardwalk boasts a laid-back atmosphere with picturesque views of the Gulf and a selection of eateries serving fresh seafood. It’s also a popular site for events, from holiday fireworks displays to beachside festivals.

A short walk from the boardwalk, you’ll find the Okaloosa Island Fishing Pier. This pier is one of the few remaining fishing piers along Florida’s Emerald Coast, offering fishing enthusiasts the chance to cast their lines into the deep Gulf waters. Locals and visitors alike flock to the pier for its prime fishing spots and unmatched views, particularly during sunrise and sunset.

The Gulfarium Marine Adventure Park: A Unique Aquatic Experience

No exploration of Okaloosa Island would be complete without a visit to the Gulfarium Marine Adventure Park, one of the island’s oldest and most unique attractions. Opened in 1955, the Gulfarium has delighted visitors with its interactive exhibits and educational programs, showcasing marine life native to the Gulf of Mexico. The Gulfarium is notable not only for its history but also for the way it sources water directly from the Gulf, allowing for a more natural habitat for the marine animals.

The park offers a variety of exhibits, from dolphins and sea turtles to stingrays and alligators, making it a favorite destination for families and nature enthusiasts. The Gulfarium’s commitment to conservation and education helps to deepen visitors’ appreciation for the region’s marine ecosystem.

Okaloosa Island Condos for Sale: A Gateway to Northwest Florida’s Vacation Lifestyle

For those seeking a slice of paradise, Okaloosa Island offers a range of condos with stunning views and access to some of Florida’s most scenic beaches. Whether you’re looking for a personal retreat or a vacation rental investment, Okaloosa Island condos for sale provide an attractive opportunity. Thanks to the island’s natural beauty, close-knit community, and proximity to amenities, property on Okaloosa Island remains highly sought after.

From learning about its early Native American inhabitants to understanding the unique leasehold system, and from enjoying the boardwalk and pier to exploring marine life at the Gulfarium, Okaloosa Island is a place where history and modern comforts blend seamlessly. Whether you’re considering a visit or looking to buy your own piece of paradise, Okaloosa Island promises an experience that combines relaxation, adventure, and a touch of Florida’s history.

Things to do and entertainment options for okaloosa isaland:

1. Okaloosa Island Boardwalk

Description: The Okaloosa Island Boardwalk is a hub of dining, shopping, and beach access. It offers beautiful views of the Gulf, live music events, and a variety of restaurants serving fresh seafood and more. It’s a family-friendly spot perfect for a day of relaxation by the beach.

Website: https://www.theboardwalkoi.com

2. Okaloosa Island Fishing Pier

Description: This 1,262-foot pier provides fishing enthusiasts with the opportunity to catch a variety of fish species while enjoying breathtaking views of the Gulf. It’s also a fantastic spot for sightseeing and photography.

Website: https://www.okaloosaislandpier.com

3. Gulfarium Marine Adventure Park

Description: One of the longest-standing marine parks in the U.S., the Gulfarium offers close-up encounters with dolphins, sea lions, turtles, and other marine life. Visitors can enjoy interactive animal encounters and educational shows that highlight local marine ecosystems.

Website: https://www.gulfarium.com

4. Wild Willy’s Adventure Zone

Description: This family-friendly amusement park offers mini-golf, laser tag, arcade games, and a variety of other attractions. The dinosaur-themed mini-golf courses and 4D movie theater are especially popular with children.

Website: https://www.wildwillysadventurezone.com

5. Escape Zone 60 – Fort Walton Beach

Description: This escape room experience offers themed challenges that require teamwork and critical thinking. With themes like “Pirate Ship Adventure” and “Murder Mystery,” Escape Zone 60 is ideal for groups looking for a fun indoor activity.

Website: https://www.escapezone60.com/fort-walton-beach/

6. Ross Marler Park

Description: Located just off the island, Ross Marler Park is a peaceful waterfront park with picnic areas, playgrounds, and a boat ramp. It’s an ideal spot for family picnics, fishing, and enjoying the quieter side of the island.

Website: https://www.visitflorida.com/listing/ross-marler-park/23390/

7. Fort Walton Beach Parasail

Description: Fort Walton Beach Parasail offers thrilling parasailing adventures over the Gulf of Mexico, giving visitors the chance to enjoy aerial views of the coast. They also offer jet ski rentals and dolphin tours.

Website: https://www.fwbparasail.com

8. Island Watersports Company

Description: This company offers a variety of water activities, including jet skiing, pontoon rentals, paddleboarding, and dolphin tours. They’re located close to the Boardwalk, making it easy to add water adventures to a beach day.

Website: https://www.islandwatersportscompany.com

9. Cattywampus Aquatic Adventures

Description: Cattywampus Aquatic Adventures provides snorkeling tours, dolphin-watching cruises, and sunset tours. With family-friendly outings and knowledgeable guides, it’s a great way to explore the local marine life.

Website: https://www.cattywampus-snorkeling.com

Our real estate team has covered Okaloosa island for many years. Here is our most viewed video og Okaloosa island. See what it looked like 10 years ago here...


Lars Rygaard

Lars Rygaard has 35 years active real estate experience and is Team Leader for my850. We handle Sales, Property Management and Handyman Services.

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