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866 Santa Rosa 318, Fort Walton Beach, FL 32548 Active 1 / 35
$849,900

866 Santa Rosa 318, Fort Walton Beach, FL 32548

Fort Walton Beach, FL 32548
  • 2 Beds
  • 2 Baths
  • 1,156 Sq Ft
  • 2002 Built
  • MLS 1010230

About this home

An exceptional rental opportunity awaits on coveted Okaloosa Island. This beautifully renovated corner-unit condo offers a turnkey investment with stunning Gulf views all around with and an inviting, upscale atmosphere designed to impress guests. The property has undergone a comprehensive makeover, thoughtfully incorporating high-end upgrades throughout. Highlights include a beautifully updated kitchen with new appliances, a striking waterfall granite island, an upgraded bathroom featuring designer tile, enhanced interior flooring, calming neutral paint selections, and upgraded lighting fixtures. All furnishings convey with the property, making this a truly turnkey opportunity that is ready to welcome guests from day one. The unit is currently projected to gross approximately $69,000 in 2026, with revenue already established for 2027--providing both immediate rental potential and a strong foundation for continued income. With its prime location, exceptional Gulf views, sophisticated updates, and established rental revenue, this is an outstanding opportunity to own a stylish and income-producing retreat in one of the Emerald Coast's most sought-after destinations.

Property details

Property typeCondominium
StatusActive
Area12 - Fort Walton Beach
SubdivisionPELICAN ISLE
CityFort Walton Beach
CountyOkaloosa
Zip32548
StyleN/A
Taxes$6,755
Tax year2025
HOAYes
WaterfrontYes
ViewGulf

Interior

Total rooms6
Full baths2
Half baths0
AppliancesDishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater
CoolingCentral Air, Ceiling Fan(s)
HeatingCentral
FlooringTile
Interior featuresBreakfast Bar, Hallway Bunk Beds, Kitchen Island, Recessed Lighting, Newly Painted, Washer/Dryer Hookup
FurnishedFurnished

Exterior & lot

PoolIn Ground
Exterior featuresBalcony

Schools

ElementaryEdwins
MiddleBruner
HighFort Walton Beach

Community

Community featuresBBQ Pit/Grill, Beach, Dumpster, Elevators, Exercise Room, Fishing, Handicap Provisions, Picnic Area, Pool, TV Cable, Waterfront, Short Term Rental - Allowed
DirectionsSanta Rosa Blvd to Venus Ct and then take a left. Pelican Isle Condominium will be straight ahead.

Data source: Emerald Coast Association of REALTORS®

Location

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