520 Santa Rosa Boulevard 405, Fort Walton Beach, FL 32548 (MLS# 1001274)

Description

Turn-Key Gulf-Front Investment with Proven Rental Income at Island Princess Welcome to one of Okaloosa Island's premier Gulf-front resorts where strong rental history meets effortless coastal living. This beautifully maintained 2-bedroom, 2-bath unit has been owned by the same owner for over 20 years and offers a consistent, proven rental track record making it an exceptional opportunity for investors or those seeking a second home that pays for itself. Step inside to a spacious, open floor plan designed to maximize both comfort and views. Enjoy unobstructed Gulf views from the living room and primary suite, with two access points leading to a private covered balcony perfect for morning coffee, sunset watching, and spotting dolphins right offshore. This unit is truly turn-key and rental

Supplements: -ready, offered fully furnished with updated décor and furnishings, stainless steel appliances, updated gold kitchen and bath hardware, all white kitchen cabinets and countertops giving the luxurious-beachy vibe, plus an updated HVAC system and water heater. Additional conveniences include deeded covered parking and in-unit laundry. Residents and guests enjoy resort-style amenities including a Gulf-front pool, hot tub, beach service available for guest, and approximately 500 feet of pristine white sand beach. Location is everything and this unit delivers. Just minutes from: The Boardwalk on Okaloosa Island for dining, shopping, and nightlife Gulfarium Marine Adventure Park for family-friendly entertainment Okaloosa Island Pier for fishing and sightseeing HarborWalk Village just a short drive away for waterfront dining, boating, and events. Plus easy access to grocery stores, beach shops, and local favorites throughout Fort Walton Beach and Destin Whether you're looking for a high-performing vacation rental, a second home, or a full-time beachfront retreat, this unit checks every box.

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 564.74 List Date: 2026-04-22 Current Price: $615,000 List Price: $615,000

Location, Tax and Legal

Unit #: 405 Sub Area: 1201 - Okaloosa Island Elementary School: Elliott Point Middle School: Bruner High School: Choctawhatchee Legal Description: ISLAND PRINCESS CONDO UNIT 405

General Property Info

Sub-Type: Condominium Design: N/A SqFt Source: County PA Records Stories In Unit: 1 Stories in Building: 7 Unit Floors Above Ground: 4 Immediate Occupancy: Yes Pre-Const Flip: No Garage: Yes Carport: No Covered Spaces: 1 Assigned Spaces: 1 Pool: Yes Pool Type: Community Apx SqFt(Htd/Cooled): 1089 Bedrooms: 2 Full Baths: 2 Total Bathrooms: 2 Year Built: 1999

Listing Info, Tax & Legal

Homestead: No Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 2671.07 Annual Assessment Amount: 10684.28 Assessment Paid: Quarterly New Buyer Fee: Yes New Buyer Fee Amt: 150 New Buyer Fee Paid: $ Last Tax Year: 2025 Brokerage Interest: No Interest As Is: No

Remarks & Misc

Remarks: Turn-Key Gulf-Front Investment with Proven Rental Income at Island Princess Welcome to one of Okaloosa Island's premier Gulf-front resorts where strong rental history meets effortless coastal living. This beautifully maintained 2-bedroom, 2-bath unit has been owned by the same owner for over 20 years and offers a consistent, proven rental track record making it an exceptional opportunity for investors or those seeking a second home that pays for itself. Step inside to a spacious, open floor plan designed to maximize both comfort and views. Enjoy unobstructed Gulf views from the living room and primary suite, with two access points leading to a private covered balcony perfect for morning coffee, sunset watching, and spotting dolphins right offshore. This unit is truly turn-key and rental

Waterfront

Gulf: 1 Gulf/Pass: 1 Unit Waterfront: 1

Construction Status

Construction Complete: 1

Parking Features

Covered: 1 Deeded: 1

Waterview

Gulf: 1

Project Facilities

BBQ Pit/Grill: 1 Beach: 1 Community Room: 1 Deed Access: 1 Elevators: 1 Exercise Room: 1 Pool: 1 Short Term Rental - Allowed: 1 TV Cable: 1 Waterfront: 1

Construction/Siding

Concrete: 1 Stucco: 1

Utilities

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

Exterior

Balcony: 1

Interior

Breakfast Bar: 1 Floor Laminate: 1 Floor Tile: 1 Furnished - All: 1 Owner's Closet: 1 Washer/Dryer Hookup: 1 Window Treatment All: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Fire Alarm/Sprinkler: 1 Microwave: 1 Refrigerator: 1 Smoke Detector: 1 Stove/Oven Electric: 1 Washer: 1

Energy

AC - Central Elect: 1 Ceiling Fans: 1 Heat Cntrl Electric: 1 Water Heater - Elect: 1

Mstr Bdrm/Mstr Bath

MBath Tile: 1 MBed Balcony: 1 MBed Waterfront: 1

Master Bedroom

First: 1

Bedroom

First: 1

Kitchen

First: 1

Living Room

First: 1

Rooms

Bedroom: 1 Kitchen: 1 Living Room: 1 Master Bedroom: 1

Fees Include

Accounting: 1 Ground Keeping: 1 Insurance: 1 Licenses/Permits: 1 Management: 1 Recreational Faclty: 1 Sewer: 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 Parcel ID: 00-2S-24-4193-0000-0405

Property Features

Construction Status: Construction Complete Waterfront: Gulf; Gulf/Pass; Unit Waterfront Waterview: Gulf Parking Features: Covered; Deeded Project Facilities: BBQ Pit/Grill; Beach; Community Room; Deed Access; Elevators; Exercise Room; Pool; Short Term Rental - Allowed; TV Cable; Waterfront Exterior: Balcony Interior: Breakfast Bar; Floor Laminate; Floor Tile; Furnished - All; Owner's Closet; Washer/Dryer Hookup; Window Treatment All Appliances: Dishwasher; Disposal; Dryer; Fire Alarm/Sprinkler; Microwave; Refrigerator; Smoke Detector; Stove/Oven Electric; Washer Utilities: Electric; Public Sewer; Public Water; TV Cable Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Electric; Water Heater - Elect Master Bedroom: First Bedroom: First Kitchen: First Living Room: First Rooms: Bedroom; Kitchen; Living Room; Master Bedroom Fees Include: Accounting; Ground Keeping; Insurance; Licenses/Permits; Management; Recreational Faclty; Trash; TV Cable; Water

Room Information

Living Room Level: First Dimensions: 18 x 15 Length: 18.00 Width: 15.00 Remarks: Living room/ Dining room combined Dimensions: 18 x 15 Master Bedroom Level: First Dimensions: 15 x 12 Length: 15.00 Width: 12.00 Dimensions: 15 x 12 Bedroom Level: First Dimensions: 12 x 11 Length: 12.00 Width: 11.00 Dimensions: 12 x 11 Kitchen Level: First Dimensions: 12 x 8 Length: 12.00 Width: 8.00 Dimensions: 12 x 8