Presenting a prime investment opportunity at Sunset Cottages 5A, a ground-floor condominium situated on Okaloosa Island in the Florida Panhandle. Located just 150 feet from public beach access, this property offers a desirable coastal location within a low-density complex, ensuring a quiet environment and convenient access to the community pool.
The interior features an efficient, open-concept floor plan that maximizes space and natural light across the living, dining, and kitchen areas. The primary bedroom is spacious and includes a private entrance. Additional accommodations include hallway bunk beds, and the unit is serviced by a bathroom accessible from both the bedroom and common areas.
This turnkey property is being sold fully furnished and offers a demonstrated track record of strong rental performance. The unit generated $27,700 in gross rental income in 2024 and $32,568 in 2025. Performance for 2026 shows $11,536 in income realized through May 17, with an additional $20,000 already booked for the remainder of the year. With HOA fees under $800 per month, this condominium presents a compelling value proposition for investors seeking a high-performing, turnkey beach property.
Sold for $235,000
Zillow last checked:
Listing updated:
Bought with:
Jacklyn M Riley, 3471740
Corcoran Reverie SRB
Source: ECAOR,MLS#: 1002934
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Sold | $235,000-7.8%$334/sqft |
Source:  ECAOR #1002934 Report a problem | ||
| 7/23/2026 | Pending sale | $254,900$362/sqft |
Source: ECAOR #1002934 Report a problem | ||
| 7/6/2026 | Price change | $254,900-1.9%$362/sqft |
Source: ECAOR #1002934 Report a problem | ||
| 6/19/2026 | Price change | $259,900+4%$369/sqft |
Source: ECAOR #1002934 Report a problem | ||
| 5/27/2026 | Pending sale | $249,990$355/sqft |
Source: ECAOR #1002934 Report a problem | ||
| 5/13/2026 | Listed for sale | $249,990+31.6%$355/sqft |
Source: ECAOR #1002934 Report a problem | ||
| 6/30/2004 | Sold | $189,900+33.3%$270/sqft |
Source: Public Record Report a problem | ||
| 3/4/2004 | Sold | $142,500+35.7%$202/sqft |
Source: Public Record Report a problem | ||
| 12/4/2002 | Sold | $105,000$149/sqft |
Source: Public Record Report a problem | ||
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Sell for more on Zillow
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$235,000
2% more
+$4,700
With Zillow Showcase(estimated)
$239,700
