1995 Devmor Court 5a, Fort Walton Beach

$254,900

1 Bed
1 Bath
704 Sqft
0 Acre
0 Garage

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.

Essential Information
MLS® #1002934
Price$254,900
Sold Price$235,000
Date Sold$2026-08-14
Bedrooms1
Bathrooms1.00
Full Baths1
Square Footage704
Year Built2000
TypeResidential
Sub-TypeCondominium
StyleN/A
StatusSold
Community Information
Address1995 Devmor Court 5a
Area12 - Fort Walton Beach
SubdivisionSUNSET COTTAGES CONDO
CityFort Walton Beach
CountyOkaloosa
StateFL
Zip Code32548
Amenities
Has PoolYes
PoolIn Ground
Utilities

Community Sewer, Community Water, Electric, Phone, TV Cable

Interior
HeatingCentral
CoolingCentral Air
Interior Features

Hallway Bunk Beds, Owner's Closet

Appliances

Dishwasher, Dryer, Refrigerator, Washer, Electric Water Heater

Exterior
Exterior FeaturesBalcony, Outdoor Shower
RoofComposite Shngl
ConstructionRoof Pitched, Trim Vinyl
FoundationSlab
School Information
ElementaryElliott Point
MiddleBruner
HighFort Walton Beach
Additional Information
Days on Website162
Office

Berkshire Hathaway Home Services PenFed Realty

Property History
Price Reduced from $259,900 to $254,900
Price Increased from $249,990 to $259,900
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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 21st, 2026 at 11:37am CDT.