Exceptional bayfront investment opportunity at 1330 Miracle Strip Parkway SE, Unit 204, Fort Walton Beach, FL in the gated Hermitage by the Bay community. This two-bedroom, two-bath waterfront condo offers outstanding value compared to nearby units often priced above $650,000. Located in a peaceful, secure community featuring a private fishing pier, gated pool, outdoor grilling areas, and ample guest and trailer parking. Just a short walk or drive to sugar-white beaches, The Boardwalk, family attractions, and popular waterfront restaurants. Currently generating $26,400 annually through long-term rental (lease through August 31, 2025) with short-term rental projections reaching $51,000+ annually based on neighboring unit performance. Property is short-term rental approved with turnkey-ready furnishings negotiable, making this an ideal low-maintenance investment or vacation home. Prime waterfront location offers broad guest appeal with walkable access to dining, entertainment, and beach, plus convenient proximity to boat ramps, Crab Island, and Destin nightlife. This rare opportunity combines immediate income generation with significant upside potential in one of the area's most sought-after waterfront locations.
Sold for $220,000
$220,000
1330 Miracle Strip Pkwy SE APT 204, Fort Walton Beach, FL 32548
2beds
700sqft
Condominium
Built in 1983
-- sqft lot
$219,700 Zestimate®
$314/sqft
$1,611 Estimated rent
Home value
$219,700
$200,000 - $242,000
$1,611/mo
Zestimate® history
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$1,513/mo
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List your homeWhat's special
Waterfront condoGated poolPrivate fishing pierOutdoor grilling areas
Zillow last checked:
Listing updated:
Listed by:
Jennifer Payne 850-266-1336,
THE AMERICAN REALTY
Bought with:
Julie A Rawson, 3246775
GoGo Beach Realty LLC
Source: Navarre Area BOR,MLS#: 977330
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Description: Buyer to verify
- Level: First
- Area: 130
- Dimensions: 13 x 10
Primary bathroom
- Description: Buyer to verify
- Level: First
- Area: 130
- Dimensions: 13 x 10
Kitchen
- Description: Buyer to verify
- Level: First
- Area: 143
- Dimensions: 13 x 11
Living room
- Description: Buyer to verify
- Level: First
- Area: 168
- Dimensions: 14 x 12
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Microwave, Refrigerator, Electric Water Heater
Features
- Flooring: Tile
Interior area
- Total structure area: 700
- Total interior livable area: 700 sqft
Property
Features
- Exterior features: Balcony
- Pool features: In Ground
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
- Waterfront features: Waterfront
Details
- Parcel number: 002s24048100002040
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Shake Siding
- Roof: Metal
Condition
- Construction Complete
- Year built: 1983
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: BBQ Pit/Grill, Dock, Dumpster, Fishing, Picnic Area, Pool, Waterfront
- Security: Smoke Detector(s)
- Subdivision: HERMITAGE CONDOMINIUM
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Sewer, Trash, Water
Location
- Region: Fort Walton Beach
Financial & listing details
- Price per square foot: $314/sqft
- Tax assessed value: $275,000
- Annual tax amount: $2,969
- Date on market: 5/27/2025
- Lease term: Short Term Rental - Allowed
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2025 | Sold | $220,000-8.1%$314/sqft |
Source:  Navarre Area BOR #977330 Report a problem | ||
| 9/26/2025 | Pending sale | $239,500$342/sqft |
Source: Navarre Area BOR #977330 Report a problem | ||
| 9/10/2025 | Listing removed | $2,180$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/20/2025 | Price change | $239,500-31.1%$342/sqft |
Source: Navarre Area BOR #977330 Report a problem | ||
| 8/20/2025 | Listed for rent | $2,180-4.4%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/20/2025 | Listing removed | $2,280$3/sqft |
Source: Navarre Area BOR #981721 Report a problem | ||
| 7/27/2025 | Price change | $347,500-5.8%$496/sqft |
Source: Navarre Area BOR #977330 Report a problem | ||
| 7/25/2025 | Listed for rent | $2,280+75.4%$3/sqft |
Source: Navarre Area BOR #981721 Report a problem | ||
| 5/27/2025 | Listed for sale | $369,000+76.6%$527/sqft |
Source: Navarre Area BOR #977330 Report a problem | ||
| 4/6/2018 | Sold | $209,000-4.6%$299/sqft |
Source:  ECAOR #792510 Report a problem | ||
| 2/26/2018 | Listed for sale | $219,000+79.5%$313/sqft |
Source: Rulnick Realty Inc #792510 Report a problem | ||
| 5/21/2016 | Listing removed | $1,300+4%$2/sqft |
Source: Resortquest Real Estate #753183 Report a problem | ||
| 10/20/2015 | Listing removed | $1,250$2/sqft |
Source: Resortquest Real Estate #737269 Report a problem | ||
| 9/29/2015 | Price change | $1,250-3.8%$2/sqft |
Source: ResortQuest Long Term Rentals Report a problem | ||
| 9/3/2015 | Listed for rent | $1,300-1.9%$2/sqft |
Source: RESORT QUEST LONG TERM RENTALS Report a problem | ||
| 1/31/2015 | Listing removed | $1,325$2/sqft |
Source: ResortQuest Real Estate of Florida LLC #712228 Report a problem | ||
| 10/12/2014 | Price change | $1,325-3.6%$2/sqft |
Source: ResortQuest Real Estate of Florida LLC #712228 Report a problem | ||
| 8/18/2014 | Listed for rent | $1,375$2/sqft |
Source: ResortQuest Real Estate of Florida LLC #712228 Report a problem | ||
| 12/20/2011 | Sold | $122,000-7.5%$174/sqft |
Source: Public Record Report a problem | ||
| 10/21/2011 | Listed for sale | $131,900+75.6%$188/sqft |
Source: Keller Williams Realty- Emerald Coast #566172 Report a problem | ||
| 7/20/2011 | Sold | $75,100$107/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,229 +4.4% | $226,149 +10% |
| 2024 | $3,093 +4% | $205,590 -25.2% |
| 2023 | $2,974 +15.6% | $275,000 +23.9% |
| 2022 | $2,573 +14.2% | $222,000 +26.9% |
| 2021 | $2,254 +17.3% | $175,000 +16.3% |
| 2020 | $1,921 +4.2% | $150,500 +3.4% |
| 2019 | $1,843 +5.7% | $145,500 +7.4% |
| 2018 | $1,743 | $135,500 +28.4% |
| 2017 | $1,743 +15.1% | $105,500 |
| 2016 | $1,514 +2.2% | $105,500 |
| 2015 | $1,482 -3.1% | $105,500 +3.4% |
| 2014 | $1,529 | $102,000 |
| 2013 | -- | $102,000 |
| 2012 | -- | $102,000 |
| 2011 | -- | $102,000 -5.6% |
| 2010 | -- | $108,000 -9.2% |
| 2009 | -- | $119,000 -8.5% |
| 2008 | -- | $130,000 -23.5% |
| 2007 | -- | $170,000 -26.1% |
| 2006 | -- | $230,000 +76.9% |
| 2005 | -- | $130,000 +100% |
| 2004 | -- | $65,000 +10.2% |
| 2003 | -- | $59,000 +10.3% |
| 2002 | -- | $53,500 +2.9% |
| 2001 | -- | $52,000 |
Find assessor info on the county website
Neighborhood: Okaloosa Island
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Nearby schools
GreatSchools rating
- 5/10Elliott Point Elementary SchoolGrades: PK-5Distance: 1.8 mi
- 7/10Max Bruner Junior Middle SchoolGrades: 6-8Distance: 3.3 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 3.5 mi
Schools provided by the listing agent
- Elementary: Elliott Point
- Middle: Bruner
- High: Fort Walton Beach
Source: Navarre Area BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Okaloosa County
- Fort Walton Beach
- 32548
- Okaloosa Island
- 1330 Miracle Strip Pkwy SE Apartment 204
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