Apartment Building

Santa Rosa Beach, FL Apartment Buildings for Sale

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Turn-Key Condominium Building Investment
Updated: Aug 21, 2024
Turn-Key Condominium Building Investment

179 S County Hwy 393 #1, Santa Rosa Beach, FL 32459

$18,500,000
29.00 AC lot
Turn‑key, fully furnished short‑term rental property with on‑site management in a top vacation destination.
Guaranteed proforma rental income for the first year, supported by an 8.14% cap rate.
Prime location south of Highway 98, close to beaches, shopping, dining, and San Destin resorts.
Access to 1,400 acres of walking trails in Point Washington State Forest, plus a golf cart path and bike sidewalk to the beach.
Community amenities include a heated pool, full‑service fitness center, and shuttle service to the beach.
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Turn-Key Condominium Investment Opportunity
Updated: Aug 20, 2024
Turn-Key Condominium Investment Opportunity

179 S County Hwy 393 #Building No. ONE, Santa Rosa Beach, FL 32459

$18,500,000
32,450 sqft 29.00 AC lot
Turn‑key, fully furnished 30‑unit short‑term rental property in a prime Emerald Coast location.
Strong income potential with an 8.14% Cap Rate and $1,505,000 Net Operating Income, guaranteed for one year at full price.**
Hassle‑free rental management with on‑site short‑term rental management company, maid service, and maintenance.
Desirable amenities including a heated pool, fitness center, and shuttle service to the beach.
Located adjacent to Point Washington State Forest with 1,400 acres of walking trails and recreation.
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Santa Rosa Beach, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

6-Unit Furnished Apartment Building
6-Unit Furnished Apartment Building

12060 US-98, Miramar Beach, FL 32550

$3,950,000

Recently completed residential income property offering furnished three-bedroom residences in Miramar Beach.

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Marina & Bay View Penthouse
Marina & Bay View Penthouse

9500 Grand Sandestin Boulevard #UNIT 2910, Miramar Beach, FL 32550

$615,000

Penthouse with panoramic marina and bay views in Sandestin.

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Harbor Village Mixed-Use Building
Harbor Village Mixed-Use Building

220 Harbor Blvd, Destin, FL

Contact for pricing
21,120 sqft 0.86 AC lot

Renovated mixed-use building with retail and residential units in Destin.

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Renovated Mixed-Use Building
Renovated Mixed-Use Building

220 Harbor Boulevard, Destin, FL 32541

$4,495,000

Retail space is paired with upstairs residences, with separate access for each use.

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Santa Rosa Beach, FL Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Santa Rosa Beach, FL on our real estate platform. These investment opportunities span a total of 32,450 square feet of properties for sale, with an estimated market value of $37,000,000.

Sale prices for two-family homes in Santa Rosa Beach, FL average $18,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 22K
Population Growth (5Y) +43.5%
Median Household Income $101,067
College Educated 64.8%

High-Yield Neighborhoods for Investment

Identify Santa Rosa Beach submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
32459 $18.5M

Taxes & Financing

Tax Rate (average for all types) 0.79%
Property Tax per SF $7.82 per SF
Tax Rate vs County Average 0.01 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Walton County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Walton County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Santa Rosa Beach fall within the 10,000 to 25,000 square foot range.

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