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Property profile

321 Bream Ave Fort Walton Beach, FL 32548

OFF-MARKET
Residential income homes
Property ID
US18-6421267
1,845 SF
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Property summary

AI-generated overview

This exceptional investment opportunity presents a two-unit condominium located at 321 Bream Ave, Fort Walton Beach, FL 32548, within the gated Palm Court Yacht Club community on Okaloosa Island. Priced at $575,000, this property offers a combined 1,845 square feet of net rentable space, translating to a price per square foot of $312. Boasting stunning Intracoastal Waterway views from both balconies, each unit presents versatile options: owner occupancy, annual rentals, or lucrative vacation rentals. The property includes the largest boat slip in the community, situated in a no-wake zone and equipped with electricity, water, and a boat lift. Community amenities are extensive, encompassing a heated waterfront pool, hot tub, docks, BBQ area, secured covered parking, storage, and convenient boardwalk access to the beach. Recent upgrades include new appliances and flooring throughout both units, with one unit featuring a Murphy bed system. This turnkey investment is ideal for those seeking immediate cash flow and a prime location with easy access to dining and entertainment. Okaloosa County location provides a strong rental market.

Property profile

Verified
Property type Residential income homes
Total area 1,845 SF
UPID US18-6421267

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Condominium Complex Association / Organization

Location

321 Bream Ave Fort Walton Beach, FL 32548
Fort Walton Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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