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1111 Santa Rosa Boulevard #UNIT 507, Fort Walton Beach, FL 32548

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For Sale
Sale Pending

$949,500

3 beds • 2 baths • 1,228 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Condominium
    Property type

  • 2003
    Year built

  • $773.21
    Price per square foot

  • Pool
    Pool Description

Explore this Property

Introducing Unit 507 at Summer Place: a charming 3-bedroom, 2-bathroom haven boasting exceptional rental potential. This meticulously maintained unit, cherished by only two owners, offers a blend of comfort and style.Recently updated with modern amenities, Unit 507 features a new A/C system installed in 2022, refreshed kitchen appliances as of 2024, and upgraded bathroom vanities in 2023. The living room received a stylish makeover in 2022, enhancing its appeal.Step inside to discover plank tile flooring throughout, adding a touch of elegance to every corner. The breakfast bar is adorned with beadboard panels, infusing a coastal charm into the space. Enjoy the serene ambiance of the tiled balcony, offering breathtaking views of the Gulf from the Kitchen, Dining area, Living room, and Master Bedroom. Discover an exceptional investment opportunity at this stunning property, boasting impressive rental income potential. In 2023 alone, rental income soared to $75,000, even with 40 days of owner usage. Projections for 2024 are even more promising, with an estimated income of $83,000, and anticipated growth to reach $101,000 within the next five years. Don't miss your chance to capitalize on this lucrative venture. Summer Place Condos offer a host of amenities for residents and guests alike. Enjoy the convenience of an on-site check-in desk managed by the current rental manager, ensuring a seamless experience. Dive into relaxation with two pools, including one heated pool for year-round enjoyment. Unwind at the outdoor grilling area, perfect for entertaining friends and family. For peace of mind, the gated parking area is exclusively reserved for owners and guests, with pets welcome on the premises. Stay fit while soaking in the Gulf views at the on-site fitness center. Additionally, beach chair setup is available for $1,600 annually, providing each guest and the owner with a comfortable spot to enjoy the sun and surf. Make Unit 507 Summer Place your coastal retreat, where relaxation meets luxury living.
MLS# 945154

Courtesy Of Coldwell Banker Destin / 30A

(850) 650-4563

Property Features

  • Pool Description
    Pool
  • Style
    Other Style

Map and Directions

Directions to 1111 Santa Rosa Boulevard #UNIT 507, Fort Walton Beach, FL 32548

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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