1517 SE Miracle Strip Pkwy #403, Fort Walton Beach, FL 32548
1517 SE Miracle Strip Pkwy #403, Fort Walton Beach, FL 32548
1517 SE Miracle Strip Pkwy #403, Fort Walton Beach, FL 32548
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$270,000
Est. payment /mo
1 Bed
1 Bath
460 SqFt
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Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 460 sqft

Price per Sqft $586

Subdivision Destin West Gulfside Villas

MLS Listing ID 999350

Bedrooms 1

Full Baths 1

HOA Fees $2,177/qua

HOA Y/N Yes

Year Built 2006

Annual Tax Amount $3,150

Tax Year 2025

Property Sub-Type Condominium

Source Emerald Coast Association of REALTORS®

Land Area 460

Property Description

VA APPROVED! Fully furnished unit in Destin West Beach and Bay Resort with access to white sand beaches, a lazy river, and resort style amenities, making it ideal as a vacation getaway or income producing rental. Projected gross income is approximately $30,000 per year with an estimated NOI of $11,592 annually, reflecting about a 4.29% cap rate, with potential up to approximately $16,992 annually or about a 6.3% cap rate through self management or improved rental performance. Future rental bookings are already in place, providing immediate income potential for the new owner from day one. This is a great opportunity to own a beach property with income potential in a high demand area. investment property.
Destin West is one of the Emerald Coast's most sought after resort communities, offering owners and guests access to multiple pools, a lazy river, hot tubs, fitness center, and private beach access. The resort's signature sky bridge conveniently connects the gulf side and bay side amenities, giving you the best of both worlds without ever crossing traffic. Destin West offers an onsite Marina with 25 slips available for rental.
Strong HOA. Fully furnished. Prime beachside location. Gulf and bay views. Resort style amenities. Immediate rental income potential.
This is a rare opportunity to own one of the best values currently available on Okaloosa Island.

Location

State FL

County Okaloosa

Community Short Term Rental - Allowed, Bbq Pit/Grill, Beach, Deed Access, Dock, Dumpster, Elevators, Exercise Room, Pavillion/Gazebo, Pets Allowed, Playground, Pool, Tv Cable, Waterfront

Area 12 - Fort Walton Beach

Direction Take Hwy 98 (Miracie Strip Parkway). Destin West is on the South side of Hwy 98, next to the Islander Hotel

Rooms

Primary Bedroom Level Main

Master Bedroom true

Interior

Heating Central

Cooling Ceiling Fans, Central Air

Flooring Floor Tile

Furnishings Furnished - All

Appliance Cooktop, Dishwasher, Microwave, Refrigerator, Smoke Detector

Exterior

Exterior Feature Balcony, BBQ Pit/Grill, Dock, Hot Tub, Dock, In-Ground Pool, BBQ / Grill, Hot Tub, Balcony

Parking Features Garage, Guest

Pool Pool - In-Ground, Pool Type

Community Features Short Term Rental - Allowed, BBQ Pit/Grill, Beach, Deed Access, Dock, Dumpster, Elevators, Exercise Room, Pavillion/Gazebo, Pets Allowed, Playground, Pool, TV Cable, Waterfront

Utilities Available Electric, Phone, Public Water, TV Cable

Waterfront Description Gulf

View Gulf

Garage No

Building

Faces Take Hwy 98 (Miracie Strip Parkway). Destin West is on the South side of Hwy 98, next to the Islander Hotel

New Construction No

Schools

Elementary Schools Elliott Point

Middle Schools Bruner

High Schools Fort Walton Beach

Others

Pets Allowed No

HOA Fee Include Accounting, Ground Keeping, TV Cable, Trash, Water

Tax ID 00-2S-24-1110-0000-0403

Security Features Fire Alarm/Sprinkler


Read Less Info
 Emerald Coast MLS - IDX
Listed by Candace M Floyd The Property Group 850 Inc

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Stephanie Richardson

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