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    8501 Gulf Blvd 10C Navarre Beach, FL 32566

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    For Sale
    $999,000

    Three-bedroom condo with Gulf views and strong rental income.

    Type:Condo/Townhome
    Property size:
    1,680 SF
    Lot size:
    1.00 Acre
    Added:
    Mar 25, 2026
    Days on Market:
    8
    Last Refresh:
    Mar 26 at 1:24 am

    Property Features for 8501 Gulf Blvd 10C

    General Information

    Standard status
    Active
    Size
    1,680 SF
    Lot size
    1.00 Acre
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2009

    We can help!

    Listing Contact
    Louise Burch

    Listing agent Louise Burch License #3019484

    Listing office KELLER WILLIAMS REALTY EMERALD COAST WEST BRANCH

    Listing date Mar 25, 2026

    Source Exitrealty

    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 KELLER WILLIAMS REALTY EMERALD COAST WEST BRANCH

    Overview

    Navarre Beach Vacation Rental Condo

    This 1680 square-foot unit, located on the 10th floor, features three bedrooms and three bathrooms. It is situated directly on Navarre Beach, offering views of the Gulf of Mexico and Santa Rosa Sound. The property has a large covered balcony measuring 25.4 feet by 13.8 feet. As a popular vacation rental, the property generated over $80,000 in gross rental income during 2023, despite being unrented for January and February, and owner use for two weeks in the summer. Community amenities include a large pool, two tennis and pickle ball courts, covered parking, and a community/fitness room. Recent upgrades include a new washer and dryer, a new A/C unit, and a new sofa, all installed in February 2024. The property is intended for short term rental, multifamily, and residential income purposes.
    Location Intelligence

    Current Use by Public Records

    Gone Coastal Property ... Property Management Company Debra Ciano Hardware & Home Improvement Beach Colony Resort ... Hotel & Motel Navarre Beach Penthouse Resort

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Grocery & Convenience Store Bar & Pub Discount Store Cafe & Coffee Shop Clothing & Fashion Store Car Rental Facility Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Navarre Beach
    County
    Santa Rosa
    State
    Florida
    Longitude
    -86.8679159
    Latitude
    30.3803414

    FAQs

    What type of property is this?
    Short term rental property - Three-bedroom condo with Gulf views and strong rental income.
    Where is this short term rental property located?
    The property is located at 8501 Gulf Blvd 10C Navarre Beach, FL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: Directly on Navarre Beach with expansive Gulf of Mexico and Santa Rosa Sound views.; Proven vacation rental income: Over $80,000 gross in 2023 with owner usage.; Enjoy the largest pool on Navarre Beach.
    (850) 515-0250
    We can help!
    Listing Contact
    Louise Burch
    Real Estate License ID: 3019484
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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