Turn-Key Gulf-Front Investment with Proven Rental Income at

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Condo For Sale

520 Santa Rosa Blvd 405

Fort Walton Beach, Florida 32548

Okaloosa County

Waterfront: Yes

Community: ISLAND PRINCESS

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$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
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Contact Information:
Beach Condo For Sale in Fort Walton Beach, Florida
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.
Ad Number: 7610327
Viewed 18 times.
Updated: Apr 24, 2026

This property is a Condo located at 520 Santa Rosa Blvd 405, Fort Walton Beach, Florida 32548, and is currently For Sale at $615,000. This Condo has 2 bedrooms, 2.0 baths, 1089 sq ft.