Property
Beds
2
Full Baths
1
1/2 Baths
1
Year Built
1971
Sq.Footage
1,035
Some beach condos offer a Gulf view from the balcony. El Matador 162 welcomes you with the Gulf the moment you open the front door. Perched on the top floor of one of Okaloosa Island's most established Gulf-front communities, this beautiful fully furnished 2-bedroom condominium captures stunning views of the Gulf of Mexico, the resort grounds, and the Santa Rosa Sound. Enjoy a full Gulf view as you enter, relax on your private balcony overlooking the emerald waters, and watch boats drift across the Sound from your kitchen window. With water views from nearly every window, this is the kind of beach home that reminds you why people dream of owning on the Emerald Coast. Offering 1,035 square feet of comfortable living space, the condo features updated bathrooms with a beautifully tiled shower, new vanities, fresh paint, hurricane-rated sliding glass doors and windows, new ceiling fans with remote controls, programmable thermostat, programmable lock, pantry, owner's closet, and an additional lockable storage closet on the balcony. The property conveys fully furnished, allowing the next owner to begin enjoying it immediately or continue operating it as a successful vacation rental. Unlike many beachfront condominiums, El Matador sits on approximately 12 beautifully landscaped acres at the quiet western end of Okaloosa Island, bordering miles of undeveloped Gulf-front shoreline. The result is a peaceful, uncrowded beach experience that feels worlds away while remaining just minutes from the Okaloosa Island Boardwalk, Destin, shopping, restaurants, and entertainment. Owners and guests enjoy one of the area's most complete resort amenity packages, including deeded beach access, two swimming pools (one heated), fitness center, sauna, whirlpool, tennis courts, pickleball, basketball, picnic and grilling areas, community room, fishing, gated security, elevators, and beautifully maintained grounds. Whether you're searching for a second home, a Gulf-view vacation getaway, or an investment property, this condo offers exceptional flexibility. Recent rental performance produced approximately $30,179 net in 2024 and $31,227 net in 2025, demonstrating the property's ability to help offset ownership costs while still providing plenty of opportunities for personal enjoyment. Buy with confidence knowing the community has completed its Structural Integrity Reserve Study (SIRS), maintains adequate HOA reserves, and is eligible for conventional financing--advantages that have become increasingly important in today's Florida condominium market. If you've been waiting for a top-floor Gulf-view condo in a gated beachfront community that combines lifestyle, investment potential, and long-term value, El Matador 162 deserves a place at the top of your list.
Features & Amenities
Interior
-
Other Interior Features
Pantry
-
Total Bedrooms
2
-
Bathrooms
1
-
1/2 Bathrooms
1
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
Concrete, Stucco
-
Other Exterior Features
Balcony
-
Pool
Yes
-
Pool Features
Community
Area & Lot
-
Property Type
Residential
-
Property Sub Type
Condominium
-
Architectural Style
N/A
Price
-
Sales Price
$380,000
-
Tax Amount
$3,877.11
-
Sq. Footage
1,035
-
Price/SqFt
$367
HOA
-
Association
YES
-
Association Fee
$909
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
Elliott Point
-
Middle School
Bruner
-
High School
Fort Walton Beach
Property Features
-
Stories
6
-
New Construction
NO
-
Sewer
Public Sewer
-
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 At The Beach Team , Keller Williams Realty Destin
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