This townhome in Mary Esther, Florida, is a prime investment opportunity with proven rental income. Currently rented at $1,600 per month per unit, it offers 1,330 square feet of well-designed living space, featuring 2 bedrooms and 2.5 bathrooms. With a low turnover rate and minimal vacancy periods, this property ensures steady cash flow. Located between Fort Walton Beach and Navarre, Mary Esther offers a mix of coastal charm and convenience, just minutes from the white sand beaches of the Emerald Coast. Hurlburt Field Air Force Base is nearby, fueling strong rental demand, while shopping, dining, and entertainment options add to the area's appeal. Whether you're expanding your portfolio or seeking a turnkey investment, this townhome is a rare find in a high-demand market.
Sold for $222,500 on 04/25/25
$222,500
473 Keystone Rd, Mary Esther, FL 32569
2beds
1,330sqft
Attached Single Unit, Townhouse
Built in 2001
-- sqft lot
$221,900 Zestimate®
$167/sqft
$1,774 Estimated rent
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Home value
$221,900
$202,000 - $244,000
$1,774/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 25, 2025 at 08:19am
Listed by:
Dahler & Co. dahlerandco@scenicsir.com,
Scenic Sotheby's International Realty
Bought with:
Derek J Huff, 3475397
World Impact Real Estate
Source: ECAOR,MLS#: 971058
Originating MLS: Emerald Coast
Originating MLS: Emerald CoastFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: Second
Kitchen
- Level: First
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Cooktop, Range Hood, Refrigerator, Electric Range
Features
- Bedroom, Kitchen
Interior area
- Total structure area: 1,330
- Total interior livable area: 1,330 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Deck Open
- Pool features: None
- Fencing: Privacy
Details
- Parcel number: 142S250944000A0040
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: Townhouse
- Property subtype: Attached Single Unit, Townhouse
- Attached to another structure: Yes
Materials
- Brick, Vinyl Siding
- Roof: Roof Shingle/Shake
Condition
- Construction Complete
- Year built: 2001
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Mary Esther
- Subdivision: Keystone T/h
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $35 monthly
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2025 | Sold | $222,500-3.3%$167/sqft |
Source:  ECAOR #971058 | ||
| 3/31/2025 | Pending sale | $230,000$173/sqft |
Source: ECAOR #971058 | ||
| 3/13/2025 | Listed for sale | $230,000$173/sqft |
Source: ECAOR #971058 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,428 +3.3% | $202,150 +2.6% |
| 2023 | $2,351 +14.5% | $196,975 +15% |
| 2022 | $2,053 +291.7% | $171,290 +303.7% |
Find assessor info on the county website
Neighborhood: 32569
Nearby schools
GreatSchools rating
- 9/10Florosa Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 7/10Max Bruner Junior Middle SchoolGrades: 6-8Distance: 5.2 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 4.9 mi
Schools provided by the listing agent
- Elementary: Mary Esther
- Middle: Bruner
- High: Fort Walton Beach
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$221,900
2% more+ $4,438
With Zillow Showcase(estimated)
$226,338