520 Santa Rosa Boulevard 405, Fort Walton Beach, FL 32548

• 2 beds |
• 2 baths |
• 1,089 sqft

Property Description

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.

Listing Status:

Active

Date Added:

April 22, 2026

Data Last Updated:

May 2, 2026 at 2:22AM

Listing Office:

ERA American Real Estate : 850-682-4822

Listing Agent:

Marisela F Molnar : 850-305-0936

MLS ID:

1001274

Interior

• General: Breakfast BarOwner's ClosetWasher/Dryer Hookup
• Appliances: DishwasherDisposalDryerMicrowaveRefrigeratorWasherElectric Water Heater
• Flooring: LaminateTile
• A/C: Central AirCeiling Fan(s)
• Heating: Central

Exterior

• General: Balcony
• Style: N/A
• Parking: DeededCovered

Construction

• Windows: Window Treatments
• General: ConcreteStucco

Location

• HOA Amenities: Maintenance GroundsInsuranceLicenses/PermitsManagementRecreational FacltySewerCable TVTrashWater
• Golf: BBQ Pit/GrillBeachCommunity RoomDeed AccessElevatorsExercise RoomPoolTV CableWaterfrontShort Term Rental - Allowed
• Originating MLS: Emerald Coast Association of REALTORS®
• County: Okaloosa

Lot

• Zoning: 00-2S-24-4193-0000-0405
• View: Gulf

Utilities

• Water: 0

Financial

• Source: Emerald Coast Association of REALTORS®