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For sale
  • Price cut: $11.4K (7/5)
    $575,000

    818 Lark St #1-2-4, Fort Walton Beach, FL 32547

    8beds
    2,750sqft
    : 
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    Townhouse
    Built in 1982
    0.47 Acres Lot
    $-- Zestimate®
    $209/sqft
    $-- HOA

    What's special

    Attached one-car garageDedicated parkingCovered back patiosPrivate irrigation wellFour single-story duplexesLarge screened porchEnhanced street lighting
    Investment Opportunity - Fully Occupied. Owner financing is available with $500,000 down, a 6.5% interest rate, 30-year amortization, and a 3-year balloon payment. Seize this rare chance to acquire a fully occupied, income-producing multi-family portfolio delivering strong cash flow and outstanding long-term investment potential. Situated in a desirable county location, the property provides potential tax advantages and added flexibility for management and future ownership. This portfolio includes two parcels (816 & 818 Lark St - see MLS #976432) with four single-story duplexes, totaling eight rental units. Seven units offer 2 bedrooms, 1 bathroom, open kitchen and living areas, covered back patios, washer/dryer hookups, and individual central heat and air systems. Dedicated parking, concrete driveways, and enhanced street lighting add to the property's appeal and functionality. Unit 8 at 816 Lark presents an exceptional opportunity for an owner-occupant or investor seeking to offset living expenses with rental income. This spacious unit boasts 3 bedrooms, 3 full bathrooms, a dedicated office/flex room, an attached one-car garage, a large, screened porch, and a private irrigation well for future landscaping. Conveniently located just 2 minutes from Eglin AFB and 5 minutes from Hurlburt Field, this property is also near shopping, dining, beaches, and everyday amenities--making it highly attractive to both military and civilian tenants. Both parcels are offered together. The current gross rental income is approximately $9,130 per month. Proof of annual property tax and insurance payments will be required during the financing term. This is an outstanding opportunity to acquire a turnkey investment with stable income, flexible financing options, and the added benefit of potential owner-occupancy.
    430 days
    |
    224
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tamela Leann Hayes 850-259-6404,

    Coldwell Banker Realty,

    Amanda L Reaves,

    Coldwell Banker Realty

    Source: ECAOR,MLS#: 976434MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      • Full bathrooms: 4
      Bedroom
      • Level: First
      • Area: 100 Square Feet
      • Dimensions: 10 x 10
      Bedroom
      • Level: First
      • Area: 100 Square Feet
      • Dimensions: 10 x 10
      Bedroom
      • Level: First
      • Area: 100 Square Feet
      • Dimensions: 10 x 10
      Bedroom
      • Level: First
      • Area: 100 Square Feet
      • Dimensions: 10 x 10
      Bedroom
      • Level: First
      • Area: 100 Square Feet
      • Dimensions: 10 x 10
      Bedroom
      • Level: First
      • Area: 100 Square Feet
      • Dimensions: 10 x 10
      Bedroom
      • Level: First
      • Area: 100 Square Feet
      • Dimensions: 10 x 10
      Bathroom
      • Level: First
      • Area: 35 Square Feet
      • Dimensions: 7 x 5
      Dining room
      • Description: Dining/Kitchen Combo
      • Level: First
      • Area: 110 Square Feet
      • Dimensions: 11 x 10
      Living room
      • Level: First
      • Area: 182 Square Feet
      • Dimensions: 14 x 13
      Heating
      • Central
      Cooling
      • Central Air, Window Unit(s)
      Appliances
      • Included: Range Hood, Refrigerator, Electric Water Heater
      • Laundry: Washer/Dryer Hookup
      Features
      • Windows: Window Treatments
      Interior area
      • Total structure area: 2,750
      • Total interior livable area: 2,750 sqft

      Property

      Parking
      • Total spaces: 17
      • Parking features: See Remarks
      • Garage spaces: 1
      Features
      • Stories: 1
      Lot
      • Size: 0.47 Acres
      Details
      • Parcel number: 261S24095000030050
      • Zoning description: County, Resid Multi-Family

      Construction

      Type & style
      • Home type: Townhouse
      • Property subtype: Townhouse
      Materials
      • Brick
      • Foundation: Slab
      • Roof: Composition
      Condition
      • Construction Complete
      • New construction: No
      • Year built: 1982

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: FOREST HEIGHTS
      Location
      • Region: Fort Walton Beach

      Financial & listing details

      • Price per square foot: $209/sqft
      • Annual tax amount: $3,223
      • Date on market: 5/19/2025
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/5/2026Price change$575,000-1.9%$209/sqft
        Source: ECAOR #976434 Report a problem
        10/24/2025Price change$586,405-4.1%$213/sqft
        Source: ECAOR #976434 Report a problem
        5/30/2025Price change$611,408-54.7%$222/sqft
        Source: ECAOR #976434 Report a problem
        5/19/2025Listed for sale$1,350,000$491/sqft
        Source: ECAOR #976434 Report a problem

        Public tax history

        Tax history is unavailable.

        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.
        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: Wright

        Getting around

        23 / 100
        Car-Dependent
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Kenwood
        • Middle: Pryor
        • 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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