520 Santa Rosa Boulevard 405, Fort Walton Beach

$615,000

2 Beds
2 Baths
1,089 Sqft
0 Acre
0 Garage

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.

Essential Information
MLS® #1001274
Price$615,000
Sold Price$565,000
Date Sold$2026-09-29
Bedrooms2
Bathrooms2.00
Full Baths2
Square Footage1,089
Year Built1999
TypeResidential
Sub-TypeCondominium
StyleN/A
StatusSold
Community Information
Address520 Santa Rosa Boulevard 405
Area12 - Fort Walton Beach
SubdivisionISLAND PRINCESS
CityFort Walton Beach
CountyOkaloosa
StateFL
Zip Code32548
Amenities
ParkingDeeded, Covered
ViewGulf
Is WaterfrontYes
WaterfrontGulf, Gulf/Pass, Waterfront
Utilities

Electric, Public Sewer, Public Water, TV Cable

Interior
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
Interior Features

Breakfast Bar, Owner's Closet, Washer/Dryer Hookup

Appliances

Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater

Exterior
Exterior FeaturesBalcony
WindowsWindow Treatments
ConstructionConcrete, Stucco
School Information
ElementaryElliott Point
MiddleBruner
HighChoctawhatchee
Additional Information
Days on Website184
Listing Details
OfficeERA American Real Estate
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 23rd, 2026 at 6:37pm CDT.