$70,000+ annually rental income over the past two years, this spacious 3BR/3BA Gulf-front condo offers the rare combination of strong investment performance and an unforgettable beachfront lifestyle. With a summer calendar that is nearly fully booked, this turnkey property is ready to continue producing from day one.
Offering over 1,500 square feet of living space, the condo features a wide-open floor plan, expansive beachfront glass, and breathtaking views of the emerald waters and sugar-white sand from both the living room and Gulf-front primary suite. Step outside to the impressive 27-foot Gulf-front balcony--an exceptional outdoor living space perfect for morning coffee, sunset cocktails, and watching dolphins play in the surf.
The updated kitchen showcases modern quartz countertops, breakfast bar seating, and opens seamlessly to the spacious living area with a new 65' TV. Recent major improvements include a brand-new 2.5-ton HVAC system and new Rheem Professional water heater, providing valuable peace of mind for the next owner.
Islander Beach Resort is one of Okaloosa Island's premier Gulf-front communities, featuring direct beach access, an oversized heated beachfront pool stretching more than 80 feet in length, fitness center, grill and picnic area, on-site management, and designated covered owner parking. Whether you're seeking a high-performing vacation rental, a second home by the beach, or both, this Gulf-front retreat delivers!
For sale
Price cut: $11K (7/1)
$865,000
790 Santa Rosa Blvd Unit 4003, Fort Walton Beach, FL 32548
3beds
1,503sqft
Condominium
Built in 1999
-- sqft lot
$838,100 Zestimate®
$576/sqft
$-- HOA
What's special
Direct beach accessExpansive beachfront glassBreakfast bar seatingWide-open floor planDesignated covered owner parkingExceptional outdoor living spaceGrill and picnic area
- 116 days |
- 284 |
- 19 |
Zillow last checked:
Listing updated:
Listed by:
Abbott Martin Group 850-460-2900,
EXP Realty LLC,
Lily Q Falzone 850-292-0105,
EXP Realty LLC
Source: ECAOR,MLS#: 997730
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: First
- Area: 280 Square Feet
- Dimensions: 14 x 20
Bedroom
- Level: First
- Area: 255 Square Feet
- Dimensions: 15 x 17
Bedroom
- Level: First
- Area: 110 Square Feet
- Dimensions: 11 x 10
Primary bathroom
- Level: First
- Area: 64 Square Feet
- Dimensions: 8 x 8
Bathroom
- Level: First
- Area: 72 Square Feet
- Dimensions: 12 x 6
Bathroom
- Level: First
- Area: 72 Square Feet
- Dimensions: 8 x 9
Dining area
- Level: First
- Area: 210 Square Feet
- Dimensions: 21 x 10
Kitchen
- Level: First
- Area: 153 Square Feet
- Dimensions: 17 x 9
Living room
- Level: First
- Area: 168 Square Feet
- Dimensions: 14 x 12
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Disposal, Microwave, Refrigerator, Washer, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, Owner's Closet
- Flooring: Tile
- Windows: Window Treatments
- Furnished: Yes
Interior area
- Total structure area: 1,503
- Total interior livable area: 1,503 sqft
Property
Features
- Exterior features: Balcony
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Gulf
Details
- Parcel number: 002S24129700004003
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Concrete, Steel Frame
Condition
- Construction Complete
- New construction: No
- Year built: 1999
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: BBQ Pit/Grill, Beach, Deed Access, Elevators, Fitness Center, Picnic Area, Pool, TV Cable, Waterfront, Short Term Rental - Allowed
- Security: Smoke Detector(s)
- Subdivision: ISLANDER BEACH RESORT PH 2
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Insurance, Management, Recreational Faclty, Sewer, Cable TV, Trash, Water, Internet
Location
- Region: Fort Walton Beach
Financial & listing details
- Price per square foot: $576/sqft
- Tax assessed value: $700,000
- Annual tax amount: $8,466
- Date on market: 3/12/2026
Estimated market value
$838,100
$796,000 - $880,000
$6,763/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Price change | $865,000-1.3%$576/sqft |
Source:  ECAOR #997730 Report a problem | ||
| 6/16/2026 | Price change | $876,000-1.2%$583/sqft |
Source: ECAOR #997730 Report a problem | ||
| 5/14/2026 | Price change | $887,000-1.1%$590/sqft |
Source: ECAOR #997730 Report a problem | ||
| 3/12/2026 | Listed for sale | $897,000+317.2%$597/sqft |
Source: ECAOR #997730 Report a problem | ||
| 6/1/1998 | Sold | $215,000$143/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,102 +10.4% | $552,365 -10.9% |
| 2023 | $7,339 +9.4% | $620,000 +10.7% |
| 2022 | $6,710 +17.2% | $560,000 +34.9% |
| 2021 | $5,728 +13.8% | $415,000 +9.2% |
| 2020 | $5,033 +6% | $380,000 +8.6% |
| 2019 | $4,750 +2.5% | $350,000 +5.4% |
| 2018 | $4,633 | $332,000 |
| 2017 | $4,633 -2.8% | $332,000 +1.8% |
| 2016 | $4,765 +4.1% | $326,000 +9% |
| 2015 | $4,578 +5.6% | $299,000 +7.9% |
| 2014 | $4,334 | $277,000 +8.2% |
| 2013 | -- | $256,000 +3.2% |
| 2012 | -- | $248,000 -5.3% |
| 2011 | -- | $262,000 -15.5% |
| 2010 | -- | $310,000 -12.2% |
| 2009 | -- | $353,000 -17.9% |
| 2008 | -- | $430,000 -12.2% |
| 2007 | -- | $490,000 -15.5% |
| 2006 | -- | $580,000 +26.1% |
| 2005 | -- | $460,000 +37.3% |
| 2004 | -- | $335,000 +28.9% |
| 2003 | -- | $259,800 +7% |
| 2002 | -- | $242,800 +2% |
| 2001 | -- | $238,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 2.3 mi
- 7/10Max Bruner Junior Middle SchoolGrades: 6-8Distance: 1.5 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 1.4 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
- 790 Santa Rosa Blvd Unit 4003
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