BEDS1
BATHS1 full
SQUARE FEET460
MLS#999350
STATUSActive
PROPERTY TYPEResidential - Condominium
SUBDIVISIONDESTIN WEST GULFSIDE VILLAS
Property Description
VA APPROVED! Fully furnished unit in Destin West Beach and Bay Resort with access to white sand beaches, a lazy river, and resort style amenities, making it ideal as a vacation getaway or income producing rental. Projected gross income is approximately $30,000 per year with an estimated NOI of $11,592 annually, reflecting about a 4.29% cap rate, with potential up to approximately $16,992 annually or about a 6.3% cap rate through self management or improved rental performance. Future rental bookings are already in place, providing immediate income potential for the new owner from day one. This is a great opportunity to own a beach property with income potential in a high demand area. investment property.Destin West is one of the Emerald Coast's most sought after resort communities, offering owners and guests access to multiple pools, a lazy river, hot tubs, fitness center, and private beach access. The resort's signature sky bridge conveniently connects the gulf side and bay side amenities, giving you the best of both worlds without ever crossing traffic. Destin West offers an onsite Marina with 25 slips available for rental.Strong HOA. Fully furnished. Prime beachside location. Gulf and bay views. Resort style amenities. Immediate rental income potential.This is a rare opportunity to own one of the best values currently available on Okaloosa Island.
Property Features
Property Type: Residential - Condominium
Cooling: Ceiling Fans, Central Air
Heating: Central
Home Style: N/A
Taxes: $3,150
Year Built: 2006
Feature Descriptions
Appliances: Cooktop, Dishwasher, Microwave, Refrigerator, Smoke Detector
Association Fee Includes: Accounting, Ground Keeping, Water, Cable TV, Trash
Community Features: Short Term Rental - Allowed, BBQ Pit/Grill, Beach, Deed Access, Dock, Dumpster, Elevators, Exercise Room, Pavillion/Gazebo, Pets Allowed, Playground, Pool, TV Cable, Waterfront
Days on Site: 67
Exterior: Balcony, BBQ Pit/Grill, Dock, Hot Tub
Exterior: Insulated Conc Forms
Financing Terms: Conventional, VA, Other
Flooring: Floor Tile
HOA: Yes
Hot Tub: Yes
Parcel Number: 00-2S-24-1110-0000-0403
Parking: Garage, Guest
Pool Features: Pool - In-Ground, Pool Type
Property Condition: Construction Complete
Rooms Total: 3
Special View Info: Gulf
Sub Type: Condominium
Utilities: Electric, Phone, Public Water, TV Cable
Waterfront: Gulf
Local Schools
High School: Fort Walton Beach
Middle School: Bruner
Elementary School: Elliott Point
Listed By / Shown By
Listed By
Agency Name: The Property Group 850 Inc
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 942.15 per month $600.90 Principal & Interest $262.50 Property Tax $78.75 Homeowner's InsuranceChange Payment Information
1517 SE Miracle Strip Parkway, Unit 403 | MLS# 999350
This condo located at 1517 SE Miracle Strip Parkway, Unit 403, Fort Walton Beach, FL 32548 is currently listed for sale with an asking price of $270,000. This property was built in 2006 and has 1 bedrooms and 1 full baths with 460 sq. ft. SE Miracle Strip Parkway, Unit 403 is located in the DESTIN WEST GULFSIDE VILLAS subdivision. Search DESTIN WEST GULFSIDE VILLAS real estate on www.realtymark.net today.