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  • Price$615,000
  • Beds2
  • Baths2
  • SQ. Feet1,089
  • Built1999

520 Santa Rosa Boulevard 405, Fort Walton Beach

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 décor 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.

Essential Information

  • MLS® #1001274
  • Price$615,000
  • Sold Price$565,000
  • Bedrooms2
  • Bathrooms2.00
  • Full Baths2
  • Square Footage1,089
  • Year Built1999
  • TypeResidential
  • Sub-TypeCondominium
  • StyleN/A
  • StatusSold

Amenities

  • UtilitiesElectric, Public Sewer, Public Water, TV Cable
  • ParkingDeeded, Covered
  • ViewGulf
  • Is WaterfrontYes
  • WaterfrontGulf, Gulf/Pass, Waterfront

Exterior

  • Exterior FeaturesBalcony
  • WindowsWindow Treatments
  • ConstructionConcrete, Stucco

Additional Information

  • Days on Website173
  • Date Sold2026-09-29

Community Information

  • Address520 Santa Rosa Boulevard 405
  • Area12 - Fort Walton Beach
  • SubdivisionISLAND PRINCESS
  • CityFort Walton Beach
  • CountyOkaloosa
  • StateFL
  • Zip Code32548

Interior

  • Interior FeaturesBreakfast Bar, Owner's Closet, Washer/Dryer Hookup
  • AppliancesDishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater
  • HeatingCentral
  • CoolingCentral Air, Ceiling Fan(s)

School Information

  • ElementaryElliott Point
  • MiddleBruner
  • HighChoctawhatchee

Listing Details

  • Listing OfficeERA American Real Estate
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.