Seller will consider Owner Financing! Fantastic opportunity to own your own home or invest in a rental property in the heart of Fort Walton Beach! This first-floor unit in Spanish Villas offers excellent potential with several key updates already completed. Features include wood-look tile flooring throughout, granite countertops in the kitchen, and a new HVAC system installed in 2020. The water heater was replaced in 2012. With a little remodeling and finishing touches, this unit can generate strong rental income—comparable units in Spanish Villas lease for approximately $1,500–$1,800 per month depending on upgrades and finishes. Many of the major improvements are already in place, making this a great option for investors looking to add value and maximize returns or buyers looking for an affordable and nice place to live. You'll love having a pool on site as well as tennis courts, a community room and BBQ Pit/grill. Plus new renovated community Laundry facility. Perfect location near shopping, dining, schools, and military bases. Not to mention only a couple of miles to the beautiful beaches. This unit also comes with assigned parking. SPECIAL INCENTIVE being offered!!! Ask your agent for the details.
Sold for $87,500
Zestimate®
$87,500
401 Marshall Ct NW Unit 1, Fort Walton Beach, FL 32548
2beds
994sqft
Condominium
Built in 1978
-- sqft lot
$87,500 Zestimate®
$88/sqft
$1,637 Estimated rent
Home value
$87,500
$81,000 - $94,000
$1,637/mo
Zestimate® history
Owner options
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$1,637/mo
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$1,637/mo
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$8,122/mo
Est. payment
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$8,122/mo
Est. payment
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List your homeWhat's special
Tennis courtsAssigned parkingWood-look tile flooring throughoutPool on site
Zillow last checked:
Listing updated:
Listed by:
Lori Copelan 850-503-9238,
EXP Realty, LLC
Bought with:
Outside Area Selling Agent
PAR Outside Area Listing Office
Source: PAR,MLS#: 674788
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 168
- Dimensions: 14 x 12
Bedroom
- Level: First
- Area: 168
- Dimensions: 14 x 12
Kitchen
- Level: First
- Area: 156
- Dimensions: 13 x 12
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Built In Microwave, Dishwasher
- Laundry: W/D Hookups
Features
- Flooring: Tile
- Doors: Storm Door(s)
- Has basement: No
Interior area
- Total structure area: 994
- Total interior livable area: 994 sqft
Property
Parking
- Parking features: Guest, Parking Lot
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Has private pool: Yes
- Pool features: In Ground, Community
Lot
- Size: 4.81 Acres
- Features: Central Access
Details
- Parcel number: 152s24187a04010010
- Zoning description: Res Multi
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Condominium
Materials
- Frame
- Foundation: Slab
- Roof: Flat
Condition
- Resale
- New construction: No
- Year built: 1978
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Community Room, Tennis Court(s)
- Subdivision: Spanish Villas Condo
HOA
- Has HOA: Yes
- Services included: Association, Maintenance Grounds, Insurance, Trash, Water/Sewer
- HOA fee: $7,663 annually
Location
- Region: Fort Walton Beach
Financial & listing details
- Price per square foot: $88/sqft
- Tax assessed value: $100,000
- Annual tax amount: $1,081
- Price range: $87.5K - $87.5K
- Date on market: 12/11/2025
- Cumulative days on market: 142 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Sold | $87,500-10.7%$88/sqft |
Source:  PAR #674788 Report a problem | ||
| 5/3/2026 | Pending sale | $98,000$99/sqft |
Source: PAR #674788 Report a problem | ||
| 3/19/2026 | Price change | $98,000-6.7%$99/sqft |
Source: PAR #674788 Report a problem | ||
| 1/19/2026 | Price change | $105,000-4.5%$106/sqft |
Source: PAR #674788 Report a problem | ||
| 12/11/2025 | Listed for sale | $110,000+115.7%$111/sqft |
Source: PAR #674788 Report a problem | ||
| 9/20/2012 | Sold | $51,000+264.3%$51/sqft |
Source: Public Record Report a problem | ||
| 3/23/2012 | Sold | $14,000$14/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,081 +7.6% | $66,452 +10% |
| 2024 | $1,005 -0.7% | $60,411 -39.6% |
| 2023 | $1,013 +7.1% | $100,000 +33.3% |
| 2022 | $946 +15.7% | $75,000 +41.5% |
| 2021 | $817 +8.7% | $53,000 +9.3% |
| 2020 | $752 +14.4% | $48,500 |
| 2019 | $657 +19.3% | $48,500 +38.6% |
| 2018 | $551 | $35,000 +12.9% |
| 2017 | $551 +9.6% | $31,000 |
| 2016 | $503 +0.5% | $31,000 -20.5% |
| 2015 | $500 -22.3% | $39,000 +2.6% |
| 2014 | $644 | $38,000 -2.6% |
| 2013 | -- | $39,000 +10.3% |
| 2012 | -- | $35,343 +3% |
| 2011 | -- | $34,314 +1.5% |
| 2010 | -- | $33,807 +2.7% |
| 2009 | -- | $32,918 +0.1% |
| 2008 | -- | $32,885 +3% |
| 2007 | -- | $31,927 +2.5% |
| 2006 | -- | $31,148 +3% |
| 2005 | -- | $30,241 +3% |
| 2004 | -- | $29,360 +1.9% |
| 2003 | -- | $28,813 +2.4% |
| 2002 | -- | $28,138 +1.6% |
| 2001 | -- | $27,695 |
Find assessor info on the county website
Neighborhood: 32548
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Nearby schools
GreatSchools rating
- 5/10Annette P. Edwins Elementary SchoolGrades: PK-5Distance: 1 mi
- 7/10Max Bruner Junior Middle SchoolGrades: 6-8Distance: 0.7 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Local School In County
- Middle: LOCAL SCHOOL IN COUNTY
- High: Local School In County
Source: PAR. 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
- 401 Marshall Ct NW Unit 1
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