CALLING ALL INVESTORS! This prime 1 bedroom, 2 bath condo with hallway bunks + sleeper sofa is an investors dream with rental income potential up to $80,000! Folks are flocking to Okaloosa Island because it is lower density and the beaches aren't as crowded with 6 rows of beach chairs! This condo sits on the fourth floor and boasts incredible unobstructed views. It feels spacious with a 820 sq. ft. floor plan. The focal point of the property is the floor-to-ceiling glass doors looking out at the Gulf of Mexico. It's rental ready, everything you want in a kitchen and dining area that can comfortably seat four. The living room includes a queen sleeper sofa and a flat-screen TV. The large master bedroom features a king-size bed, a TV, and a private full bathroom. This condo also includes a bunk bed in the hallway, allowing the unit to sleep up to six comfortably. A second full bathroom with a walk-in shower and pedestal sink is also provided. The condo also features a full-size stacking washer and dryer.
The complex features a community pool, hot tub, and fitness center, and also has BBQ grills available for use. Pelican Isle is a popular choice on Okaloosa Island, with 300 feet of Gulf frontage, and is conveniently located close to all the activities in Destin and Fort Walton Beach.
Sold for $485,000 on 03/16/23
$485,000
866 Santa Rosa Blvd UNIT 403, Fort Walton Beach, FL 32548
1beds
820sqft
Condominium
Built in 2002
-- sqft lot
$445,600 Zestimate®
$591/sqft
$1,888 Estimated rent
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What's special
Zillow last checked: 7 hours ago
Listing updated: October 26, 2024 at 02:47pm
Listed by:
At The Beach Team 850-654-3325,
Keller Williams Realty Destin
Bought with:
Julie Dickerson, 3276293
MVP Realty TM
Source: ECAOR,MLS#: 914955
Originating MLS: Emerald Coast

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: MBed Carpeted
- Level: First
Primary bathroom
- Features: MBath Tile
Kitchen
- Level: First
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Electric Range, Washer, Electric Water Heater
Features
- Hallway Bunk Beds, Dining Room, Kitchen, Master Bedroom
- Flooring: Tile, Carpet
- Windows: Window Treatments
- Furnished: Yes
Interior area
- Total structure area: 820
- Total interior livable area: 820 sqft
Property
Features
- Stories: 1
- Exterior features: Balcony, Barbecue, Hot Tub, BBQ Pit/Grill
- Pool features: Community, In Ground
- Has spa: Yes
- Waterfront features: Gulf, Shore - Beach, Unit Waterfront, Beach, Waterfront
Details
- Additional structures: Storage
- Parcel number: 002S24218300000403
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Concrete, Stucco
- Roof: Membrane
Condition
- Construction Complete
- Year built: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Other, Cable Connected
Community & neighborhood
Community
- Community features: Fitness Center, Fishing, Pool, TV Cable
Location
- Region: Fort Walton Beach
- Subdivision: Pelican Isle
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $547 monthly
- Services included: Accounting, Maintenance Grounds, Insurance, Internet, Management, Sewer, Trash, Cable TV, Water
Other
Other facts
- Listing terms: Conventional
Services availability

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$445,600
2% more+ $8,912
With Zillow Showcase(estimated)
$454,512