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For sale
    • $615,000

    520 Santa Rosa Blvd APT 405, Fort Walton Beach, FL 32548

    2beds
    1,089sqft
    : 
    $3,931/mo
    Get pre-qualified
    Condominium
    Built in 1999
    -- sqft lot
    $-- Zestimate®
    $565/sqft
    $-- HOA

    What's special

    Gulf-front resortIn-unit laundrySpacious open floor planStainless steel appliances
    Turn-Key Gulf-Front Investment with Proven Rental Income at Island Princess Welcome to one of Okaloosa Island's premier Gulf-front resorts where strong rental history meets effortless coastal living. This beautifully maintained 2-bedroom, 2-bath unit has been owned by the same owner for over 20 years and offers a consistent, proven rental track record making it an exceptional opportunity for investors or those seeking a second home that pays for itself. Step inside to a spacious, open floor plan designed to maximize both comfort and views. Enjoy unobstructed Gulf views from the living room and primary suite, with two access points leading to a private covered balcony perfect for morning coffee, sunset watching, and spotting dolphins right offshore. This unit is truly turn-key and rental -ready, offered fully furnished with updated décor and furnishings, stainless steel appliances, updated gold kitchen and bath hardware, all white kitchen cabinets and countertops giving the luxurious-beachy vibe, plus an updated HVAC system and water heater. Additional conveniences include deeded covered parking and in-unit laundry. Residents and guests enjoy resort-style amenities including a Gulf-front pool, hot tub, beach service available for guest, and approximately 500 feet of pristine white sand beach. Location is everything and this unit delivers. Just minutes from: The Boardwalk on Okaloosa Island for dining, shopping, and nightlife Gulfarium Marine Adventure Park for family-friendly entertainment Okaloosa Island Pier for fishing and sightseeing HarborWalk Village just a short drive away for waterfront dining, boating, and events. Plus easy access to grocery stores, beach shops, and local favorites throughout Fort Walton Beach and Destin Whether you're looking for a high-performing vacation rental, a second home, or a full-time beachfront retreat, this unit checks every box.
    115 days
    |
    317
    |
    18
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Marisela F Molnar 850-305-0936,

    ERA American Real Estate

    Source: ECAOR,MLS#: 1001274MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: First
      • Area: 180 Square Feet
      • Dimensions: 15 x 12
      Bedroom
      • Level: First
      • Area: 132 Square Feet
      • Dimensions: 12 x 11
      Kitchen
      • Level: First
      • Area: 96 Square Feet
      • Dimensions: 12 x 8
      Living room
      • Description: Living room/ Dining room combined
      • Level: First
      • Area: 270 Square Feet
      • Dimensions: 18 x 15
      Heating
      • Central
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater
      • Laundry: Washer/Dryer Hookup
      Features
      • Breakfast Bar, Owner's Closet
      • Flooring: Laminate, Tile
      • Windows: Window Treatments
      • Furnished: Yes
      Interior area
      • Total structure area: 1,089
      • Total interior livable area: 1,089 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Deeded, Covered
      • Has garage: Yes
      • Covered spaces: 1
      Features
      • Exterior features: Balcony
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      • Waterfront features: Gulf, Gulf/Pass, Waterfront
      Details
      • Parcel number: 002S24419300000405

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Materials
      • Concrete, Stucco
      Condition
      • Construction Complete
      • New construction: No
      • Year built: 1999

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Elevators, Fitness Center, Pool, TV Cable, Waterfront, Short Term Rental - Allowed
      • Security: Fire Alarm, Smoke Detector(s)
      • Subdivision: ISLAND PRINCESS
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds, Insurance, Licenses/Permits, Management, Recreational Faclty, Sewer, Cable TV, Trash, Water
      Location
      • Region: Fort Walton Beach

      Financial & listing details

      • Price per square foot: $565/sqft
      • Tax assessed value: $521,250
      • Annual tax amount: $6,542
      • Date on market: 4/22/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        4/22/2026Listed for sale$615,000+113.9%$565/sqft
        Source: ECAOR #1001274 Report a problem
        7/31/2002Sold$287,500+10%$264/sqft
        Source: Public Record Report a problem
        9/21/2000Sold$261,400$240/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,542 +3.2%$483,153 +10%
        2024$6,337 +6.7%$439,230 -14.2%
        2023$5,940 +9.1%$512,000 +10.1%
        2022$5,446 +19.6%$465,000 +40.9%
        2021$4,555 +5.8%$330,000 +1.5%
        2020$4,305 -2.4%$325,000
        2019$4,411 +14.9%$325,000 +18.2%
        2018$3,838 $275,000 +5%
        2017$3,838 +2.1%$262,000 +5%
        2016$3,761 +7.3%$249,500 +9.9%
        2015$3,504 +6.5%$227,000 +5.6%
        2014$3,291 $215,000 +2.9%
        2013-- $209,000
        2012-- $209,000 -5.9%
        2011-- $222,000 -9.4%
        2010-- $245,000 -18.6%
        2009-- $301,000 -10.4%
        2008-- $336,000 -19.2%
        2007-- $416,000 -10.9%
        2006-- $467,000 +838.7%
        2005-- $49,750 -80.8%
        2004-- $259,000 +15.9%
        2003-- $223,500 +1.4%
        2002-- $220,500 +9.7%
        2001-- $201,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Okaloosa Island

        Getting around

        18 / 100
        Car-Dependent
        41 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Elliott Point
        • Middle: Bruner
        • High: Choctawhatchee

        Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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