Dual‐atom catalysts (DACs) have garnered significant interest due to their remarkable catalytic reactivity. However, achieving atomically precise control in the fabrication of DACs remains a major challenge. Herein, we developed a straightforward and direct sublimation transformation synthesis strategy for dual‐atom Fe catalysts (Fe2/NC) by utilizing in situ generated Fe2Cl6(g) dimers from FeCl3(s). The structure of Fe2/NC was investigated by aberration‐corrected transmission electron microscopy and X‐ray absorption fine structure (XAFS) spectroscopy. As‐obtained Fe2/NC, with a Fe−Fe distance of 0.3 nm inherited from Fe2Cl6, displayed superior oxygen reduction performance with a half‐wave potential of 0.90 V (vs. RHE), surpassing commercial Pt/C catalysts, Fe single‐atom catalyst (Fe1/NC), and its counterpart with a common and shorter Fe−Fe distance of ~0.25 nm (Fe2/NC‐S). Density functional theory (DFT) calculations and microkinetic analysis revealed the extended Fe−Fe distance in Fe2/NC is crucial for the O2 adsorption on catalytic sites and facilitating the subsequent protonation process, thereby boosting catalytic performance. This work not only introduces a new approach for fabricating atomically precise DACs, but also offers a deeper understanding of the intermetallic distance effect on dual‐site catalysis.