About This Home

This 2-bedroom, 2-bathroom condo at 866 Santa Rosa #318 in Fort Walton Beach, FL is listed for $824,900 ($714 per sqft). Built in 2002, the home offers 1,156 sqft of living space on a N/A lot.

Key Features

  • Built in 2002
  • Waterfront

Property Details

2 full
#318
2002

Amenities

WaterfrontA/C
Listing Description

An exceptional rental opportunity awaits on coveted Okaloosa Island. This beautifully renovated corner-unit condo offers a turnkey investment with stunning Gulf views all around with and an inviting, upscale atmosphere designed to impress guests. The property has undergone a comprehensive makeover, thoughtfully incorporating high-end upgrades throughout.

Highlights include a beautifully updated kitchen with new appliances, a striking waterfall granite island, an upgraded bathroom featuring designer tile, enhanced interior flooring, calming neutral paint selections, and upgraded lighting fixtures. All furnishings convey with the property, making this a truly turnkey opportunity that is ready to welcome guests from day one.

The unit is currently projected to gross approximately $69,000 in 2026, with revenue already established for 2027--providing both immediate rental potential and a strong foundation for continued income. With its prime location, exceptional Gulf views, sophisticated updates, and established rental revenue, this is an outstanding opportunity to own a stylish and income-producing retreat in one of the Emerald Coast's most sought-after destinations.

Monthly Cost Estimate

$5,654/mo

20% down · 6.5% · 30 years

Principal$597
Interest$3,575
Insurance$241
HOA$1,242

Estimates only. Actual payments may vary.

Location

866 Santa Rosa #318

Fort Walton Beach, FL 32548

PELICAN ISLE

Features & Amenities

Interior Features

Breakfast BarHallway Bunk BedsKitchen IslandLighting RecessedNewly PaintedWasher/Dryer Hookup

Exterior Features

Balcony

Property Details

Flooring

Tile

Construction

Concrete

Heating

Central

Cooling

Central Air

Appliances

DishwasherDisposalDryerMicrowaveRefrigeratorRefrigerator W/IceMkSmoke DetectorStove/Oven ElectricWasherWater Heater - Elect

Questions & Answers

This 2-bedroom, 2-bathroom condo at 866 Santa Rosa is listed at $824,900 ($714/sqft). The estimated monthly payment is $5,654 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $1242/month.

Key features include: Built in 2002, Waterfront. Interior Features: Breakfast Bar, Hallway Bunk Beds, Kitchen Island. Exterior Features: Balcony.

This property is listed by Vanessa L Wight.

VW

Vanessa L Wight

License 3415258

Agent at Fathom Realty FL LLC

Listed by Fathom Realty FL LLC · Broker phone: (210) 639-9897 · View on Broker Site · Broker website

MLS# 1010230· Source: Emerald Coast Association of Realtors· 68 days on PropertySimple

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.

866 Santa Rosa #318, Fort Walton Beach, FL 32548

Open this listing in: