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1111 Santa Rosa Boulevard , Unit 507

Fort Walton Beach, FL 32548
  • $949,500
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 945154
$949,500
  • 3
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,228
    SQFT
  • $773
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2003
County:

School Information

Elementary School:
Middle School:
High School:

Description

Introducing Unit 507 at Summer Place: a charming 3-bedroom, 2-bathroom haven boasting exceptional rental potential. This meticulously maintained unit, cherished by only two owners, offers a blend of comfort and style. Recently updated with modern amenities, Unit 303 features a new A/C system installed in 2022, refreshed kitchen appliances as of 2024, and upgraded bathroom vanities in 2023. The living room received a stylish makeover in 2022, enhancing its appeal. Step inside to discover plank tile flooring throughout, adding a touch of elegance to every corner. The breakfast bar is adorned with beadboard panels, infusing a coastal charm into the space. Enjoy the serene ambiance of the tiled balcony, offering breathtaking views of the Gulf from the Kitchen, Dining area, Living room, and Master Bedroom. Discover an exceptional investment opportunity at this stunning property, boasting impressive rental income potential. In 2023 alone, rental income soared to $75,000, even with 40 days of owner usage. Projections for 2024 are even more promising, with an estimated income of $83,000, and anticipated growth to reach $101,000 within the next five years. Don't miss your chance to capitalize on this lucrative venture. Summer Place Condos offer a host of amenities for residents and guests alike. Enjoy the convenience of an on-site check-in desk managed by the current rental manager, ensuring a seamless experience. Dive into relaxation with two pools, including one heated pool for year-round enjoyment. Unwind at the outdoor grilling area, perfect for entertaining friends and family. For peace of mind, the gated parking area is exclusively reserved for owners and guests, with pets welcome on the premises. Stay fit while soaking in the Gulf views at the on-site fitness center. Additionally, beach chair setup is available for $1,600 annually, providing each guest and the owner with a comfortable spot to enjoy the sun and surf. Make Unit 507 Summer Place your coastal retreat, where relaxation meets luxury living.

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© 2024 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Posh Beach Realty. Vendor Member number: 28178. Data last updated: 2024-04-19T18:05:50.96.
Vendor Member #28178.
www.poshbeachrealty.com/homes/148848285
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1111 Santa Rosa Boulevard , Unit 507 Fort Walton Beach, FL 32548

  • Price: $949,500
  • Status: Active
  • On Site: 27 Days
  • MLS #: 945154
3
Beds
2
Baths
0
½ Baths
N/A
Acres
1,228
SQFT
$773
$/SQFT
2003
Built
Neighborhood:
Summer Place
County:
Okaloosa
Area:
Fort Walton Beach
Elementary School:
Elliott Point
Middle School:
Bruner
High School:
Fort Walton Beach
Property Description
Introducing Unit 507 at Summer Place: a charming 3-bedroom, 2-bathroom haven boasting exceptional rental potential. This meticulously maintained unit, cherished by only two owners, offers a blend of comfort and style. Recently updated with modern amenities, Unit 303 features a new A/C system installed in 2022, refreshed kitchen appliances as of 2024, and upgraded bathroom vanities in 2023. The living room received a stylish makeover in 2022, enhancing its appeal. Step inside to discover plank tile flooring throughout, adding a touch of elegance to every corner. The breakfast bar is adorned with beadboard panels, infusing a coastal charm into the space. Enjoy the serene ambiance of the tiled balcony, offering breathtaking views of the Gulf from the Kitchen, Dining area, Living room, and Master Bedroom. Discover an exceptional investment opportunity at this stunning property, boasting impressive rental income potential. In 2023 alone, rental income soared to $75,000, even with 40 days of owner usage. Projections for 2024 are even more promising, with an estimated income of $83,000, and anticipated growth to reach $101,000 within the next five years. Don't miss your chance to capitalize on this lucrative venture. Summer Place Condos offer a host of amenities for residents and guests alike. Enjoy the convenience of an on-site check-in desk managed by the current rental manager, ensuring a seamless experience. Dive into relaxation with two pools, including one heated pool for year-round enjoyment. Unwind at the outdoor grilling area, perfect for entertaining friends and family. For peace of mind, the gated parking area is exclusively reserved for owners and guests, with pets welcome on the premises. Stay fit while soaking in the Gulf views at the on-site fitness center. Additionally, beach chair setup is available for $1,600 annually, providing each guest and the owner with a comfortable spot to enjoy the sun and surf. Make Unit 507 Summer Place your coastal retreat, where relaxation meets luxury living.
Exterior Features

Architectural Style N/A Carport YN No Exterior Features Balcony Pool YN Yes View Gulf Waterfront Features Gulf

Interior Features

Appliances DishwasherDryerMicrowaveSmooth Stovetop RngeStove/Oven ElectricWasher Cooling Central Air Cooling YN Yes First Floor Bedroom Yes Heating Central Heating YN Yes Interior Features Breakfast BarFloor TileFurnished - All Primary Bedroom First Floor Yes Rooms Total 5

Property Features

Association Fee Frequency Monthly Association Fee Includes AccountingInsuranceInternet ServiceRecreational FacltySewerWaterCable TVTrash Association Fee2 1575 Association YN Yes Community Features BBQ Pit/GrillBeachElevatorsExercise RoomPets AllowedPoolWaterfront New Construction YN No Pool Type Community Property Condition Construction Complete Property Sub Type Condominium Short Term Rental Allowed Yes Tax Amount 7238.59 Tax Year 2023 Utilities ElectricPublic SewerPublic Water

Listing courtesy of Coldwell Banker Realty: 850-650-4563.


© 2024 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Posh Beach Realty. Vendor Member number: 28178. Data last updated: 2024-04-19T18:05:50.96.
Vendor Member #28178.
 
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