NEW PRICE + GULF-FRONT LOCATION. Pelican Isle 506 offers an opportunity to own directly on the Gulf on Okaloosa Island with 2 bedrooms, 2 baths, and hallway bunks for added sleeping flexibility. The open living area is filled with natural light and opens to a private balcony overlooking the emerald water and white-sand shoreline--an ideal setting for morning coffee, sunset views, or simply enjoying the sound of the Gulf.
The kitchen, dining, and living spaces flow together for easy everyday use, whether the condo is enjoyed as a personal beach retreat, second home, or vacation rental. The flexible layout provides comfortable space for family and guests while keeping the focus on the view.
Pelican Isle amenities include direct beach access, a Gulf-front pool and hot tub, fitness center, and covered parking. The property is also conveniently located near the dining, shopping, entertainment, and attractions of Fort Walton Beach and Destin. With a newly repositioned price, Unit 506 offers a compelling opportunity to own Gulf-front on Okaloosa Island with the views, flexibility, and rental potential buyers are looking for.
For sale
$624,000
866 Santa Rosa Blvd Unit 506, Fort Walton Beach, FL 32548
2beds
1,244sqft
Condominium
Built in 2002
-- sqft lot
$609,400 Zestimate®
$502/sqft
$-- HOA
What's special
Direct beach accessCovered parkingGulf-front location
- 9 days
- 273
- 17
Zillow last checked:
Listing updated:
Listed by:
Robbyn A Blick 850-687-2440,
Compass,
Michele Bailey 850-586-1382,
Compass
Source: ECAOR,MLS#: 997404
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 238 Square Feet
- Dimensions: 17 x 14
Bedroom
- Level: First
- Area: 143 Square Feet
- Dimensions: 13 x 11
Primary bathroom
- Level: First
- Area: 63 Square Feet
- Dimensions: 9 x 7
Dining room
- Description: Dining/Living Combo
- Level: First
- Area: 224 Square Feet
- Dimensions: 16 x 14
Kitchen
- Level: First
- Area: 96 Square Feet
- Dimensions: 12 x 8
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, Hallway Bunk Beds
- Flooring: Tile
- Windows: Window Treatments
- Furnished: Yes
Interior area
- Total structure area: 1,244
- Total interior livable area: 1,244 sqft
Video & virtual tour
Property
Features
- Exterior features: Balcony
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Gulf
Details
- Parcel number: 002S24218300000506
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Concrete
Condition
- Construction Complete
- New construction: No
- Year built: 2002
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: BBQ Pit/Grill, Beach, Dumpster, Elevators, Fitness Center, Fishing, Handicap Provisions, Picnic Area, Pool, TV Cable, Waterfront, Short Term Rental - Allowed
- Security: Fire Alarm, Smoke Detector(s)
- Subdivision: PELICAN ISLE
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Insurance, Licenses/Permits, Management, Recreational Faclty, Security, Sewer, Cable TV, Trash, Water, Internet
Location
- Region: Fort Walton Beach
Financial & listing details
- Price per square foot: $502/sqft
- Tax assessed value: $585,000
- Annual tax amount: $7,673
- Date on market: 9/28/2026
Estimated market value
$609,400
$579,000 - $640,000
$2,010/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Listed for sale | $624,000$502/sqft |
Source: | ||
| 9/2/2026 | Listing removed | $624,000$502/sqft |
Source: | ||
| 8/24/2026 | Price change | $624,000-3.9%$502/sqft |
Source: | ||
| 5/22/2026 | Price change | $649,000-5.9%$522/sqft |
Source: | ||
| 3/9/2026 | Listed for sale | $689,500-0.8%$554/sqft |
Source: | ||
| 2/4/2026 | Listing removed | $695,000$559/sqft |
Source: | ||
| 1/18/2026 | Listed for sale | $695,000-6.7%$559/sqft |
Source: | ||
| 7/4/2025 | Price change | $745,000-1.3%$599/sqft |
Source: | ||
| 5/27/2025 | Price change | $755,000-1.3%$607/sqft |
Source: | ||
| 4/23/2025 | Price change | $765,000-1.3%$615/sqft |
Source: | ||
| 4/1/2025 | Listed for sale | $775,000+5.4%$623/sqft |
Source: | ||
| 12/6/2022 | Sold | $735,000-3.9%$591/sqft |
Source: Public Record Report a problem | ||
| 10/31/2022 | Pending sale | $765,000$615/sqft |
Source: | ||
| 10/25/2022 | Price change | $765,000-1.3%$615/sqft |
Source: | ||
| 9/15/2022 | Listed for sale | $775,000+154.1%$623/sqft |
Source: | ||
| 6/20/2017 | Sold | $305,000+6.5%$245/sqft |
Source: | ||
| 4/19/2017 | Price change | $286,400-10%$230/sqft |
Source: CRYSTAL SHORES 2 INC. #769855 Report a problem | ||
| 3/21/2017 | Price change | $318,200-10%$256/sqft |
Source: CRYSTAL SHORES 2 INC. #769855 Report a problem | ||
| 2/23/2017 | Price change | $353,600+44.2%$284/sqft |
Source: CRYSTAL SHORES 2 INC. #769855 Report a problem | ||
| 2/9/2017 | Listed for sale | -- |
Source: Crystal Shores Realty Report a problem | ||
| 11/8/2016 | Sold | $245,200-0.9%$197/sqft |
Source: Public Record Report a problem | ||
| 7/16/2010 | Listing removed | $247,500$199/sqft |
Source: BROOKS, SHOREY & ASSOCIATES #506579 Report a problem | ||
| 4/9/2010 | Price change | $247,500-1%$199/sqft |
Source: BROOKS, SHOREY & ASSOCIATES #506579 Report a problem | ||
| 2/25/2010 | Price change | $249,900-9.1%$201/sqft |
Source: BROOKS, SHOREY & ASSOCIATES #506579 Report a problem | ||
| 9/15/2009 | Listed for sale | $275,000-42.7%$221/sqft |
Source: BROOKS, SHOREY & ASSOCIATES #506579 Report a problem | ||
| 6/8/2004 | Sold | $479,900$386/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,673 -0.9% | $585,000 |
| 2024 | $7,740 -0.7% | $585,000 |
| 2023 | $7,798 +41.4% | $585,000 +27.2% |
| 2022 | $5,513 +9% | $460,000 +15% |
| 2021 | $5,057 +23.2% | $400,000 +29% |
| 2020 | $4,106 -0.8% | $310,000 +1.6% |
| 2019 | $4,139 +2.3% | $305,000 +5.2% |
| 2018 | $4,047 | $290,000 +0.5% |
| 2017 | $4,047 -2.3% | $288,500 +8.1% |
| 2016 | $4,141 +10.4% | $267,000 +9.9% |
| 2015 | $3,750 +6.4% | $243,000 +9.5% |
| 2014 | $3,523 | $222,000 +8.3% |
| 2013 | -- | $205,000 +3% |
| 2012 | -- | $199,000 -7% |
| 2011 | -- | $214,000 -10.1% |
| 2010 | -- | $238,000 -21.7% |
| 2009 | -- | $304,000 -13.1% |
| 2008 | -- | $350,000 -21.3% |
| 2007 | -- | $445,000 -11% |
| 2006 | -- | $500,000 +22% |
| 2005 | -- | $410,000 +36.7% |
| 2004 | -- | $300,000 +9.5% |
| 2003 | -- | $274,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Okaloosa Island
Nearby schools
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.








