1330 Miracle Strip Pkwy SE APT 204, Fort Walton Beach, FL 32548

Exceptional bayfront investment opportunity at 1330 Miracle Strip Parkway SE, Unit 204, Fort Walton Beach, FL in the gated Hermitage by the Bay community. This two-bedroom, two-bath waterfront condo offers outstanding value compared to nearby units often priced above $650,000. Located in a peaceful, secure community featuring a private fishing pier, gated pool, outdoor grilling areas, and ample guest and trailer parking. Just a short walk or drive to sugar-white beaches, The Boardwalk, family attractions, and popular waterfront restaurants. Currently generating $26,400 annually through long-term rental (lease through August 31, 2025) with short-term rental projections reaching $51,000+ annually based on neighboring unit performance. Property is short-term rental approved with turnkey-ready furnishings negotiable, making this an ideal low-maintenance investment or vacation home. Prime waterfront location offers broad guest appeal with walkable access to dining, entertainment, and beach, plus convenient proximity to boat ramps, Crab Island, and Destin nightlife. This rare opportunity combines immediate income generation with significant upside potential in one of the area's most sought-after waterfront locations.