# 700 N Palm Blvd, Niceville, FL 32578

> **TL;DR:** 2bd/1ba multi-family, $1,500,000 ($213/sqft), built 1985, 7,052 sqft.
> A/C. Est. $8,023/mo. Listed 342 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,500,000 |
| Price/sqft | $213 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Square Feet | 7,052 |
| Year Built | 1985 |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | Active |
| Days on Market | 342 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $7,585 |
| Estimated Insurance | $438 |
| **Total** | **$8,023** |

## Nearby Schools

- **Elementary:** Local School In County
- **Middle:** LOCAL SCHOOL IN COUNTY
- **High:** Local School In County

## Key Amenities

- A/C

## Property Highlights

- Built in 1985
- 2 stories

## Description

### Agent Description
Discover the potential of this well-maintained 8-unit apartment complex, perfectly positioned for steady rental income and future growth. The property consists of two buildings connected by a breezeway, offering a cohesive layout and convenient access for residents. Each of the eight units features 2 bedrooms, 1 full bath, a comfortable living room, a dedicated dining area, and a functional kitchen equipped with an electric oven, pantry, and refrigerator. Four units are currently tenant-occupied with varying lease terms, providing immediate income while leaving room for strategic updates or new tenants as desired. Sitting on a generously sized lot, this property offers rare development flexibility. There is ample space to expand up to 15 total units, allowing the addition of another apartment building, townhomes, or even single-family homes-making it an ideal opportunity for both seasoned investors and developers. Located just down the road from Northwest Florida State College and nearby medical facilities, the demand for quality rental housing in this area remains strong. With its prime location, existing income, and room to grow, this property is truly a standout investment with unlimited potential.

## Location

- **Address:** 700 N Palm Blvd, Niceville, FL 32578
- **County:** Okaloosa
- **Coordinates:** 30.53230496, -86.47329579
- **Google Maps:** https://www.google.com/maps?q=30.53230496,-86.47329579

## Virtual Tour & Media

- **Video Tour:** https://youtu.be/za0K5Qo11Tw

## Listing Agent

- **Name:** Andy Powell
- **Brokerage:** Florida Investment Group LLC dba Keller Williams Realty Gulf Coast
- **Broker Phone:** (850) 471-5000
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/700-Palm-Blvd-N-Apt-H_Niceville_FL_32578_M52801-65789?f=listhub&s=PARFL&m=674157&c=propsimple)

## Photos

![700 N Palm Blvd - Photo 1](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f726342207r.jpg)

![700 N Palm Blvd - Photo 2](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f2929381090r.jpg)

![700 N Palm Blvd - Photo 3](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f4115076311r.jpg)

![700 N Palm Blvd - Photo 4](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f3328346432r.jpg)

![700 N Palm Blvd - Photo 5](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f2084554933r.jpg)

![700 N Palm Blvd - Photo 6](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f936273175r.jpg)

![700 N Palm Blvd - Photo 7](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f1608820962r.jpg)

![700 N Palm Blvd - Photo 8](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f1601102157r.jpg)

![700 N Palm Blvd - Photo 9](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f3024130615r.jpg)

![700 N Palm Blvd - Photo 10](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f3514463247r.jpg)

![700 N Palm Blvd - Photo 11](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f4103405604r.jpg)

![700 N Palm Blvd - Photo 12](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f3375664673r.jpg)

![700 N Palm Blvd - Photo 13](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f153130408r.jpg)

![700 N Palm Blvd - Photo 14](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f3169929166r.jpg)

![700 N Palm Blvd - Photo 15](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f3233817549r.jpg)

![700 N Palm Blvd - Photo 16](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f3254797240r.jpg)

![700 N Palm Blvd - Photo 17](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f2656432534r.jpg)

![700 N Palm Blvd - Photo 18](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f2856092311r.jpg)

![700 N Palm Blvd - Photo 19](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f1602071566r.jpg)

![700 N Palm Blvd - Photo 20](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f2409656060r.jpg)

![700 N Palm Blvd - Photo 21](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f3779294432r.jpg)

![700 N Palm Blvd - Photo 22](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f2247885154r.jpg)

![700 N Palm Blvd - Photo 23](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f4176606147r.jpg)

![700 N Palm Blvd - Photo 24](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f1637232912r.jpg)

![700 N Palm Blvd - Photo 25](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f76394231r.jpg)

![700 N Palm Blvd - Photo 26](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f3631642932r.jpg)

![700 N Palm Blvd - Photo 27](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f51144507r.jpg)

![700 N Palm Blvd - Photo 28](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f3824974095r.jpg)

![700 N Palm Blvd - Photo 29](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f3559426674r.jpg)

![700 N Palm Blvd - Photo 30](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f3512744693r.jpg)

![700 N Palm Blvd - Photo 31](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f1522380390r.jpg)

![700 N Palm Blvd - Photo 32](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f1039672997r.jpg)

![700 N Palm Blvd - Photo 33](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f1634799331r.jpg)

![700 N Palm Blvd - Photo 34](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f1488894542r.jpg)

![700 N Palm Blvd - Photo 35](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f180944180r.jpg)

![700 N Palm Blvd - Photo 36](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f1457678102r.jpg)

![700 N Palm Blvd - Photo 37](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f1772607989r.jpg)

![700 N Palm Blvd - Photo 38](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f2845536915r.jpg)

![700 N Palm Blvd - Photo 39](http://lh.rdcpix.com/46dbbf4b5e8ffa828d81caade25d73a7l-f1366260932r.jpg)

---

**MLS#:** 674157 | **Updated:** 2026-10-29
**Source:** listhub

*Copyright © 2026 Pensacola 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.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/700-n-palm-blvd-niceville-fl-32578-307f643496b245deaff80e6061c0976c)

---

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}
```