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    895 Santa Rosa Blvd, Unit 203 Fort Walton Beach, FL 32548

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    For Sale
    $395,000

    Updated condo on Okaloosa Island with income potential.

    Property size:
    1,074 SF

    Property Features for 895 Santa Rosa Blvd

    General Information

    Size
    1,074 SF

    Building Details

    Year built
    2000

    Source: Keller Williams Realty Gulf Coast Agent Jill Wood

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Condo with Gulf Views

    This updated condo on Okaloosa Island offers a blend of comfort, convenience, and beachfront charm. The well-maintained unit features an open floor plan that flows from the modern kitchen and spacious living area to a private balcony with Gulf views. Recent upgrades include a new water heater, HVAC, fresh paint, and hurricane-rated windows and sliding doors installed in 2022. In 2024, the bedrooms were upgraded with new LVP flooring, the roof was replaced, the pool was resurfaced, and the beachfront walkway was rebuilt, providing direct access to the beach. The building also received a full exterior renovation in 2022, including fresh paint and structural repairs. A deeded covered parking space located directly beneath the unit conveys with the sale. A new restaurant is located next door. The property is suitable as a full-time residence, a beachside retreat, or an income-generating investment, with onsite rental management available. The current owners rent the unit for 2-3 months annually and earn $20,000-$25,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coastal Serenity Hotel Seacrest Condo Resort Hotel Seacrest Hotel Seacrest Condominium Owner's ... Non-Profit Organization TDY By Owner Vacation Home Rental Agency

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6295081
    Latitude
    30.39813

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    FAQs

    What type of property is this?
    Short term rental property - Updated condo on Okaloosa Island with income potential.
    Where is this short term rental property located?
    The property is located at 895 Santa Rosa Blvd, Unit 203 Fort Walton Beach, FL.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Income-generating potential: Earn $20,000-$25,000 annually renting for 2-3 months.; - Enjoy gulf views from your private balcony.; - Recent upgrades include a new water heater, HVAC, paint, hurricane-rated windows/doors (2022), LVP flooring in bedrooms (2024), roof replacement (2024), resurfaced pool (2024), and rebuilt beachfront walkway (2024).
    Request Owner's contact information
    895 Santa Rosa Blvd, Unit 203 Fort Walton Beach, FL 32548
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    895 Santa Rosa Blvd, Unit 203 Fort Walton Beach, FL 32548
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