124 Se Elm Avenue Unit 3d, Fort Walton Beach
MLS® # 1011272
Presenting a prime investment opportunity at Sunset Cottages 5A, a ground-floor condominium situated on Okaloosa Island in the Florida Panhandle. Located just 150 feet from public beach access, this property offers a desirable coastal location within a low-density complex, ensuring a quiet environment and convenient access to the community pool.
The interior features an efficient, open-concept floor plan that maximizes space and natural light across the living, dining, and kitchen areas. The primary bedroom is spacious and includes a private entrance. Additional accommodations include hallway bunk beds, and the unit is serviced by a bathroom accessible from both the bedroom and common areas.
This turnkey property is being sold fully furnished and offers a demonstrated track record of strong rental performance. The unit generated $27,700 in gross rental income in 2024 and $32,568 in 2025. Performance for 2026 shows $11,536 in income realized through May 17, with an additional $20,000 already booked for the remainder of the year. With HOA fees under $800 per month, this condominium presents a compelling value proposition for investors seeking a high-performing, turnkey beach property.
Community Sewer, Community Water, Electric, Phone, TV Cable
Hallway Bunk Beds, Owner's Closet
Dishwasher, Dryer, Refrigerator, Washer, Electric Water Heater
Berkshire Hathaway Home Services PenFed Realty
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Listing information last updated on October 21st, 2026 at 11:37am CDT.