Pending
1111 Santa Rosa Boulevard, UNIT 507
Fort Walton Beach FL, 32548
$949,500
$773.21 per sqft
Pending
3 Beds
2 Baths
1,228 sqft
Condo
Built in 2003
Introducing Unit 507 at Summer Place: a charming 3-bedroom, 2-bathroom haven boasting exceptional rental potential. This meticulously maintained unit, cherished by only two owners, offers a blend of comfort and style.
Recently updated with modern amenities, Unit 507 features a new A/C system installed in 2022, refreshed kitchen appliances as of 2024, and upgraded bathroom vanities in 2023. The living room received a stylish makeover in 2022, enhancing its appeal.
Step inside to discover plank tile flooring throughout, adding a touch of elegance to every corner. The breakfast bar is adorned with beadboard panels, infusing a coastal charm into the space. Enjoy the serene ambiance of the tiled balcony, offering breathtaking views of the Gulf from the Kitchen, Dining area, Living room, and Master Bedroom.
Discover an exceptional investment opportunity at this stunning property, boasting impressive rental income potential. In 2023 alone, rental income soared to $75,000, even with 40 days of owner usage. Projections for 2024 are even more promising, with an estimated income of $83,000, and anticipated growth to reach $101,000 within the next five years. Don't miss your chance to capitalize on this lucrative venture.
Summer Place Condos offer a host of amenities for residents and guests alike. Enjoy the convenience of an on-site check-in desk managed by the current rental manager, ensuring a seamless experience. Dive into relaxation with two pools, including one heated pool for year-round enjoyment. Unwind at the outdoor grilling area, perfect for entertaining friends and family.
For peace of mind, the gated parking area is exclusively reserved for owners and guests, with pets welcome on the premises. Stay fit while soaking in the Gulf views at the on-site fitness center.
Additionally, beach chair setup is available for $1,600 annually, providing each guest and the owner with a comfortable spot to enjoy the sun and surf.
Make Unit 507 Summer Place your coastal retreat, where relaxation meets luxury living.
945154
MLSⓇ ID
March 19, 2024
Listed
April 15, 2024
Updated
Map
1111 Santa Rosa Boulevard, UNIT 507
Fort Walton Beach FL, 32548
Interior Features
Bedrooms
3
Total Bathrooms
2
Interior Features
Breakfast Bar, Floor Tile, Furnished - All
Appliances
Dishwasher, Dryer, Microwave, Smooth Stovetop Rnge, Stove/Oven Electric, Washer
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Exterior Features
Balcony
Architectual Style
N/A
School Information
High School
Fort Walton Beach
Elementary School
Elliott Point
Other Property Details
Area Name
12 - Fort Walton Beach
Taxes
$7,239
Tax Frequency
Annually
Days on Market
19
Association Fee
Not Listed
Association Fee Frequency
Monthly
Garage
No
View
Yes
View Description
Gulf
County
Okaloosa
Pool
No
Pool Features
Pool Type
Waterfront
Yes
Listing History
Date | Event | Price |
---|---|---|
4/15/2024 | Pending | — |
Courtesy of Coldwell Banker Realty, Michael Tomlin,
Listing Contact: 850-499-2432
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Data last updated 10:11 PM UTC, 4/15/2024