OnOne-of-a-kind Gulf-side penthouse villa with panoramic views, exceptional outdoor living and a strong rental history--now available at Destin West Beach & Bay Resort.
Villa PH-01 is a beautifully renovated, top-floor corner residence featuring 10-foot ceilings, two walls of windows and abundant natural light. Enjoy unobstructed views of the Gulf of Mexico and Choctawhatchee Bay from the covered wraparound balcony and oversized private rooftop terrace, complete with a hot tub.
Designed for effortless coastal living, the open-concept interior flows from a fully equipped kitchen into an inviting living area with direct balcony access. Furnishings include a queen sleeper sofa, breakfast-bar seating and a bistro dining table. Offered fully furnished and turnkey, the villa is ready for personal enjoyment or continued rental use.
The spacious primary suite accommodates a king-size bed plus a daybed with trundle for additional guests. It also offers private balcony access and an en-suite bathroom with a garden tub and separate walk-in shower.
The villa has reportedly generated more than $70,000 in annual gross rental revenue while allowing approximately seven weeks of owner use per year, making it an attractive option for buyers seeking a vacation residence with income potential. Rental figures are historical, are not guaranteed and should be independently verified.
Destin West offers an impressive collection of resort-style amenities across its Gulf-side and bayfront properties. A pedestrian skybridge over Highway 98 provides convenient access between the beach and bay sides of the resort. Amenities include:
Seven swimming pools, including seasonally heated pools
5,000-square-foot lagoon-style pool
700-foot zero-entry lazy river
Bayfront waterfall pool
Gulf-side villa pool and children's pool
Multiple hot tubs
Large on-site fitness center
Full-service beach rentals
Bayfront marina and dock
Charcoal grilling stations and picnic areas
Accessible boardwalk to the beach
Children's play area
Covered parking
On-site management
Located on Okaloosa Island beside The Boardwalk, Destin West places dining, shopping and seasonal beachfront entertainment close at hand. Destin's HarborWalk Village is approximately four miles away, offering additional restaurants, boating excursions, shopping and entertainment.
Whether enjoyed as a private coastal retreat, vacation rental or combination of both, Villa PH-01 presents a rare opportunity to own a renovated Gulf-side penthouse with expansive outdoor living and exceptional resort amenities.
For sale
$749,900
1517 Miracle Strip Pkwy Penthouse 1, Fort Walton Beach, FL 32548
2beds
981sqft
Condominium
Built in 2006
-- sqft lot
$-- Zestimate®
$764/sqft
$1,533/mo HOA
What's special
Covered wraparound balconyTop-floor corner residenceTwo walls of windowsBreakfast-bar seatingBayfront marina and dockDaybed with trundleAbundant natural light
- 3 days
- 152
- 10
Zillow last checked:
Listing updated:
Listed by:
Billy M Richard 850-319-9319,
Realty Mark Associates
Source: CPAR,MLS#: 794791
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Full Bath, Kitchen, Primary Bathroom, Primary Bedroom, Other
Primary bedroom
- Description: TBD
- Level: First
- Dimensions: 15 x 14
Primary bathroom
- Level: First
- Dimensions: 9 x 7
Other
- Description: TBD
- Level: First
- Dimensions: 8 x 7
Other
- Description: TBD
- Level: First
- Dimensions: 9 x 7
Kitchen
- Description: TBD
- Level: First
- Dimensions: 14 x 10
Other
- Description: Covered
- Features: Balcony
- Level: Second
- Dimensions: 50 x 11
Other
- Description: TBDroof top private entrance
- Features: Balcony
- Level: First
- Dimensions: 35 x 35
Heating
- Electric
Appliances
- Included: Electric Range, Electric Water Heater
Features
- Double Vanity, Main Level Primary, Soaking Tub, Separate Shower
Interior area
- Total structure area: 981
- Total interior livable area: 981 sqft
Property
Parking
- Total spaces: 2
- Covered spaces: 2
Features
- Patio & porch: Balcony, Covered, Open, Patio, Porch
- Exterior features: Dock, Patio
- Pool features: Community
- Spa features: Community
- Has view: Yes
- View description: Gulf, Intercoastal
- Has water view: Yes
- Water view: Gulf,Intercoastal
- Waterfront features: Gulf, Intracoastal Access
Details
- Parcel number: 002S2411100000PH01
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Architectural style: Mid Rise
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Concrete, Stucco
Condition
- New construction: No
- Year built: 2006
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Connected, Electricity Available, High Speed Internet Available
Community & HOA
Community
- Features: Barbecue, Dock, Fitness Center, Pool, Community Pool, Short Term Rental Allowed
- Security: Fire Sprinkler System, Fire Alarm
- Subdivision: [No Recorded Subdiv]
HOA
- Has HOA: Yes
- Services included: Association Management, Cable TV, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Sewer, Trash, Water
- HOA fee: $4,600 quarterly
Location
- Region: Fort Walton Beach
Financial & listing details
- Price per square foot: $764/sqft
- Annual tax amount: $6,230
- Date on market: 8/31/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Listed for sale | $749,900$764/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment








