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Condo For Sale
520 Santa Rosa Blvd 405
Fort Walton Beach, Florida 32548
Okaloosa CountyWaterfront:
YesCommunity: ISLAND PRINCESS
$615,000
2 br, 2.0 bath
1089 sq. ft.
0.000 acres
Turn-Key Gulf-Front Investment with Proven Rental Income at Island Princess Welcome to one of Okaloosa Island's premier Gulf-front resorts where strong rental history meets effortless coastal living. This beautifully maintained 2-bedroom, 2-bath unit has been owned by the same owner for over 20 years and offers a consistent, proven rental track record making it an exceptional opportunity for investors or those seeking a second home that pays for itself. Step inside to a spacious, open floor plan designed to maximize both comfort and views. Enjoy unobstructed Gulf views from the living room and primary suite, with two access points leading to a private covered balcony perfect for morning coffee, sunset watching, and spotting dolphins right offshore. This unit is truly turn-key and rental -ready, offered fully furnished with updated decor and furnishings, stainless steel appliances, updated gold kitchen and bath hardware, all white kitchen cabinets and countertops giving the luxurious-beachy vibe, plus an updated HVAC system and water heater. Additional conveniences include deeded covered parking and in-unit laundry. Residents and guests enjoy resort-style amenities including a Gulf-front pool, hot tub, beach service available for guest, and approximately 500 feet of pristine white sand beach. Location is everything and this unit delivers. Just minutes from: The Boardwalk on Okaloosa Island for dining, shopping, and nightlife Gulfarium Marine Adventure Park for family-friendly entertainment Okaloosa Island Pier for fishing and sightseeing HarborWalk Village just a short drive away for waterfront dining, boating, and events. Plus easy access to grocery stores, beach shops, and local favorites throughout Fort Walton Beach and Destin Whether you're looking for a high-performing vacation rental, a second home, or a full-time beachfront retreat, this unit checks every box.
Interior:
- Bedrooms: 2
- Baths: 2.0
- Sq Ft: 1089
- Year Built: 1999
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC: Central
- Garage: Covered
Exterior:
- Lot Size: 0.000 acre
- Lot Dimensions:
- Waterfront: Yes
- View Types:
- Yard:
- Siding: Concrete, Stucco
- Roof:
- MLS #: 1001274
- Unit Number: 405
Contact Information:
Listing Agent: Marisela F Molnar, ERA American Real Estate, 850-305-0936, 850-682-4822
Listing Site, Listing Status: Active
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7610327
Viewed 18 times.
Updated: Apr 24, 2026

