Waterfront Residence on Okaloosa
480 Santa Rosa Boulevard Fort Walton Beach, FL 32548
For Sale
$35,000,000
Exquisite waterfront residence with updated units and Gulf views.
Property Size68,389 SF
Lot Size1.57 Acres
Price / SF$511.78
Days on Market746
Property Features for 480 Santa Rosa Boulevard
General Information
Standard status
Active
Size
68,389 SF
Lot size
1.57 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1970
Listing Agency:
Compass
(850) 368-1474
Listed By:
Christina M Schlink · License #3137018
(850) 368-1474
Source:
Exitrealty
Added: Jul 13, 2024
Changed: Jul 10
Last Checked: Jul 28 at 6:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
Mar-a-Sol is a waterfront residence located on Okaloosa Island, featuring 69 updated units with one- and two-bedroom configurations. The East building offers full Gulf front views, while the West building provides partial views. All units are located close to the beach. Each unit includes gourmet kitchens with stainless steel appliances, granite countertops, and backsplashes, along with LPV hardwood flooring and master suites with spacious ensuites. The property maintains a 97% occupancy rate, accommodating both long-term and short-term tenants. The exterior has been updated with white and black paint, modernized landscaping, and stylish pool furniture. The property offers opportunities to continue the current business or redevelop the buildings into new condominium units or beach homes. Okaloosa Island is situated between the Gulf of Mexico and Choctawhatchee Bay. Fort Walton Beach is undergoing a revitalization of its downtown area, and the replacement of Brook's Bridge is currently underway. Okaloosa Island has plans for a 4.3-mile multi-use pathway for bicyclists and pedestrians. The property size is 68389 square feet.
Key Highlights
- Unparalleled Gulf Front Views and Immediate Beach Access, just 10 feet from the beach
- High 97% Occupancy Rate, presenting a strong income‑generating opportunity
- Updated and Modern Units featuring gourmet kitchens with stainless steel appliances and granite countertops
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Exquisite waterfront residence with updated units and Gulf views.
Where is this apartment building located?
The property is located at 480 Santa Rosa Boulevard Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $35,000,000.
What are key features of this property?
This property features: Unparalleled Gulf Front Views and Immediate Beach Access, just 10 feet from the beach; High 97% Occupancy Rate, presenting a strong income‑generating opportunity; Updated and Modern Units featuring gourmet kitchens with stainless steel appliances and granite countertops
