Property
Beds
1
Full Baths
1
1/2 Baths
None
Year Built
2006
Sq.Footage
460
VA APPROVED! Lowest priced unit on Okaloosa Island offering access to BOTH Gulf and Bay amenities at Destin West Beach and Bay Resort! This unique 4th floor beachside studio villa offers both Gulf and Bay views, is just steps from the sugar white sand beaches, comes fully furnished, and already has future rental bookings in place for immediate income potential. Projected gross rental income is approximately $30,000 annually, with estimated NOI around $11,592 annually (~4.29% cap rate), and potential upside to approximately $16,992 annually (~6.3% cap rate) through self management or optimized rental performance. Located on the beachside of the resort, this well maintained condo has been recently repainted and is truly turn key, ideal as a vacation getaway, second home, or income producing investment property. Destin West is one of the Emerald Coast's most sought after resort communities, offering owners and guests access to multiple pools, a lazy river, hot tubs, fitness center, and private beach access. The resort's signature sky bridge conveniently connects the gulf side and bay side amenities, giving you the best of both worlds without ever crossing traffic. Destin West offers an onsite Marina with 25 slips available for rental. Strong HOA. Fully furnished. Prime beachside location. Gulf and bay views. Resort style amenities. Immediate rental income potential. This is a rare opportunity to own one of the best values currently available on Okaloosa Island.
Features & Amenities
Interior
-
Total Bedrooms
1
-
Bathrooms
1
-
Cooling YN
YES
-
Cooling
Central Air, Ceiling Fan(s), Electric
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
ICFs (Insulated Concrete Forms)
-
Other Exterior Features
Outdoor Grill, Balcony, Dock
-
Parking
Guest, Garage
-
Pool
Yes
-
Pool Features
In Ground, Community
-
Waterfront YN
YES
Area & Lot
-
Property Type
Residential
-
Property Sub Type
Condominium
-
Architectural Style
N/A
Price
-
Sales Price
$270,000
-
Tax Amount
$3,150.74
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
Yes
-
Association Fee Includes
N/A
School District
-
Elementary School
Elliott Point
-
Middle School
Bruner
-
High School
Fort Walton Beach
Property Features
-
New Construction
NO
-
Water Source
Public
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Location
County
Okaloosa
Elementary School
Elliott Point
Middle School
Bruner
High School
Fort Walton Beach
Listing Courtesy of Candace M Floyd , The Property Group 850 Inc
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FOUNDER
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