520 Santa Rosa Boulevard 100, Fort Walton Beach, FL 32548 (MLS# 997424)

Description

Projected to generate approximately $60,000 in annual vacation rental income, Island Princess #100 offers a rare opportunity to own a Gulf-front 3-bedroom condo on Okaloosa Island with both strong investment potential and incredible views. This spacious condo features an open living, dining, and kitchen layout designed to take full advantage of the beautiful emerald waters just outside your balcony. Large sliding glass doors bring in natural light and lead to the private Gulf-front balcony where you can relax, enjoy coastal breezes, and take in stunning sunsets over the water. The kitchen is equipped with granite countertops and stainless appliances, creating a functional and inviting space for preparing meals after a day at the beach.

Supplements: The Gulf-front primary bedroom offers balcony access and water views, while two additional bedrooms provide plenty of space for family and guests, making this layout ideal for vacation rentals or personal use. Island Princess is a well-maintained Gulf-front resort offering amenities including a beachfront pool, hot tub, fitness center, and direct beach access. Located on Okaloosa Island, you are just minutes from Destin Harbor, restaurants, shopping, and local attractions.

General Property Info

Sub-Type: Condominium Design: N/A SqFt Source: County PA Records Stories In Unit: 1 Unit Floors Above Ground: 1 Immediate Occupancy: Yes Pre-Const Flip: No Garage: No Carport: No Carport Spaces: 1 Covered Spaces: 1 Assigned Spaces: 1 Pool: Yes Pool Type: Community Apx SqFt(Htd/Cooled): 1347 Bedrooms: 3 Full Baths: 3 Total Bathrooms: 3 Year Built: 1999

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 423.09 List Date: 2026-03-09 Current Price: $569,900 List Price: $569,900

Location, Tax and Legal

Unit #: 100 Sub Area: 1201 - Okaloosa Island Elementary School: Elliott Point Middle School: Bruner High School: Fort Walton Beach Legal Description: ISLAND PRINCESS CONDO UNIT 100

Listing Info, Tax & Legal

Homestead: No Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 3580.21 Annual Assessment Amount: 14320.84 Assessment Paid: Quarterly New Buyer Fee: No New Buyer Fee Paid: $ Last Taxes: 7240.51 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: No

Remarks & Misc

Remarks: Projected to generate approximately $60,000 in annual vacation rental income, Island Princess #100 offers a rare opportunity to own a Gulf-front 3-bedroom condo on Okaloosa Island with both strong investment potential and incredible views. This spacious condo features an open living, dining, and kitchen layout designed to take full advantage of the beautiful emerald waters just outside your balcony. Large sliding glass doors bring in natural light and lead to the private Gulf-front balcony where you can relax, enjoy coastal breezes, and take in stunning sunsets over the water. The kitchen is equipped with granite countertops and stainless appliances, creating a functional and inviting space for preparing meals after a day at the beach.

Waterfront

Gulf: 1

Construction Status

Construction Complete: 1

Waterview

Gulf: 1

Project Facilities

BBQ Pit/Grill: 1 Beach: 1 Deed Access: 1 Dumpster: 1 Elevators: 1 Pool: 1 Short Term Rental - Allowed: 1

Construction/Siding

Concrete: 1 Stucco: 1

Utilities

Electric: 1 Phone: 1 Public Sewer: 1 Public Water: 1 TV Cable: 1

Exterior

BBQ Pit/Grill: 1 Hot Tub: 1 Patio Open: 1

Interior

Floor Tile: 1 Floor Vinyl: 1 Furnished - All: 1 Kitchen Island: 1 Owner's Closet: 1 Renovated: 1

Financing

Conventional: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Refrigerator W/IceMk: 1 Smoke Detector: 1 Stove/Oven Electric: 1 Washer: 1

Energy

AC - Central Elect: 1 Ceiling Fans: 1 Water Heater - Elect: 1

Mstr Bdrm/Mstr Bath

MBath Tile: 1 MBed First Floor: 1 MBed Waterfront: 1

Master Bedroom

First: 1

Bedroom

First: 1

Kitchen

First: 1

Rooms

Bedroom: 1 Dining Area: 1 Kitchen: 1 Master Bedroom: 1

Fees Include

Accounting: 1 Ground Keeping: 1 Insurance: 1 Internet Service: 1 Management: 1 Trash: 1 TV Cable: 1 Water: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 12 - Fort Walton Beach Street #: 520 Street Name: Santa Rosa Street Suffix: Boulevard State: FL Zip Code: 32548 County: Okaloosa Project Name/Subdivision: ISLAND PRINCESS CONDO UNIT 100 Parcel ID: 00-2S-24-4193-0000-0100

Property Features

Construction Status: Construction Complete Waterfront: Gulf Waterview: Gulf Project Facilities: BBQ Pit/Grill; Beach; Deed Access; Dumpster; Elevators; Pool; Short Term Rental - Allowed Exterior: BBQ Pit/Grill; Hot Tub; Patio Open Interior: Floor Tile; Floor Vinyl; Furnished - All; Kitchen Island; Owner's Closet; Renovated Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator W/IceMk; Smoke Detector; Stove/Oven Electric; Washer Utilities: Electric; Phone; Public Sewer; Public Water; TV Cable Energy: AC - Central Elect; Ceiling Fans; Water Heater - Elect Master Bedroom: First Bedroom: First Kitchen: First Rooms: Bedroom; Dining Area; Kitchen; Master Bedroom Financing: Conventional Fees Include: Accounting; Ground Keeping; Insurance; Internet Service; Management; Trash; TV Cable; Water

Room Information

Dining Area Level: First Dimensions: 19 x 15 Length: 19.00 Width: 15.00 Dimensions: 19 x 15 Bedroom Level: First Dimensions: 12 x 11 Length: 12.00 Width: 11.00 Dimensions: 12 x 11 Master Bedroom Level: First Dimensions: 15 x 12 Length: 15.00 Width: 12.00 Dimensions: 15 x 12 Kitchen Level: First Dimensions: 15 x 8 Length: 15.00 Width: 8.00 Dimensions: 15 x 8 Bedroom Level: First Dimensions: 12 x 11 Length: 12.00 Width: 11.00 Dimensions: 12 x 11