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.
For sale
Price cut: $5K (7/6)
$254,900
1995 Devmor Ct #5A, Fort Walton Beach, FL 32548
1beds
704sqft
Condominium
Built in 2000
-- sqft lot
$250,300 Zestimate®
$362/sqft
$-- HOA
What's special
Desirable coastal locationEfficient open-concept floor planGround-floor condominiumLow-density complex
- 55 days |
- 371 |
- 26 |
Zillow last checked:
Listing updated:
Listed by:
Shawn A Dunne 850-525-5875,
Berkshire Hathaway Home Services PenFed Realty
Source: ECAOR,MLS#: 1002934
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: First
- Area: 154 Square Feet
- Dimensions: 14 x 11
Dining area
- Level: First
- Area: 99.76 Square Feet
- Dimensions: 11.6 x 8.6
Kitchen
- Level: First
- Area: 70.88 Square Feet
- Dimensions: 11.6 x 6.11
Living room
- Level: First
- Area: 148.2 Square Feet
- Dimensions: 15.6 x 9.5
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Washer, Electric Water Heater
Features
- Hallway Bunk Beds, Owner's Closet
- Flooring: Tile, Carpet
- Furnished: Yes
Interior area
- Total structure area: 704
- Total interior livable area: 704 sqft
Property
Features
- Exterior features: Balcony, Outdoor Shower
- Pool features: In Ground
Details
- Parcel number: 002S2416450000005A
- Special conditions: Accept Backup Offers
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Trim Vinyl
- Foundation: Slab
- Roof: Composition,Roof Pitched
Condition
- Construction Complete
- New construction: No
- Year built: 2000
Community & HOA
Community
- Features: BBQ Pit/Grill, Dumpster, Pool, TV Cable, Short Term Rental - Allowed
- Subdivision: SUNSET COTTAGES CONDO
HOA
- Has HOA: Yes
- Services included: Insurance, Management, Sewer, Cable TV, Trash, Water
Location
- Region: Fort Walton Beach
Financial & listing details
- Price per square foot: $362/sqft
- Tax assessed value: $260,000
- Annual tax amount: $3,381
- Date on market: 6/19/2026
Estimated market value
$250,300
$238,000 - $263,000
$1,761/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,227 +4.5% | $232,925 -10.4% |
| 2023 | $3,087 +6.2% | $260,000 +4% |
| 2022 | $2,907 +20.4% | $250,000 +42.9% |
| 2021 | $2,415 +10.2% | $175,000 +1.4% |
| 2020 | $2,193 +7.9% | $172,500 +11.3% |
| 2019 | $2,031 +5.5% | $155,000 +6.9% |
| 2018 | $1,925 | $145,000 +20.8% |
| 2017 | $1,925 +11.8% | $120,000 +2.6% |
| 2016 | $1,722 +7.1% | $117,000 +14.7% |
| 2015 | $1,609 +8.8% | $102,000 +4.1% |
| 2014 | $1,479 | $98,000 +5.4% |
| 2013 | -- | $93,000 +3.3% |
| 2012 | -- | $90,000 -3.2% |
| 2011 | -- | $93,000 -8.8% |
| 2010 | -- | $102,000 -24.4% |
| 2009 | -- | $135,000 -18.2% |
| 2008 | -- | $165,000 -8.3% |
| 2007 | -- | $180,000 |
| 2006 | -- | $180,000 |
| 2005 | -- | $180,000 +76.5% |
| 2004 | -- | $102,000 +17.6% |
| 2003 | -- | $86,700 +2% |
| 2002 | -- | $85,000 +18.1% |
| 2001 | -- | $72,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Okaloosa Island
Nearby schools
GreatSchools rating
- 5/10Elliott Point Elementary SchoolGrades: PK-5Distance: 2.4 mi
- 7/10Max Bruner Junior Middle SchoolGrades: 6-8Distance: 1.4 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Elliott Point
- Middle: Bruner
- High: Fort Walton Beach
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Okaloosa County
- Fort Walton Beach
- 32548
- Okaloosa Island
- 1995 Devmor Ct Unit 5A
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