602 Cinco Terrace Ln, Fort Walton Beach, FL 32547

602 Cinco Terrace presents a rare waterfront opportunity with approximately 122 feet of protected bayou frontage while sitting well above the waterline, helping keep flood insurance costs significantly lower than many comparable waterfront properties. The home offers exceptional expansion potential with approximately 1,000 additional square feet ready to be incorporated into the existing footprint. A previously constructed and framed staircase location is already in place to seamlessly connect the upstairs living area to the unfinished lower level, creating a blank canvas for additional living space, guest quarters, an entertainment area, workshop, or custom design. Plumbing infrastructure for a future bathroom has already been planned with a drain line installed beneath the slab, simplifying future improvements without the need to disturb the concrete.nnInside, the home blends original character with modern updates. Fresh interior paint, updated lighting, and new luxury vinyl plank flooring throughout the living spaces, hallways, and bedrooms create a clean, contemporary feel while complementing the home's natural architectural features. Rich wood tones and stylish color-drenched interiors bring warmth and cohesion throughout the living spaces, creating an inviting waterfront atmosphere with timeless appeal. Popcorn ceilings were also removed throughout the home and garage in 2026, further enhancing the updated presentation.nnBeyond the cosmetic improvements, the property ha