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$565,000

  • Sold
  • Closed
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,089 Sq. Ft.
  • Updated 1 day ago
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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.

Full Property Details for 520 Santa Rosa Blvd #405

General

  • Sold For: $565,000
  • Taxes: (2025)
  • Status: Closed
  • Type: Condo
  • Source: Emerald_Coast
  • MLS ID: 1001274
  • Added to Site: 171 day(s) ago

Rental Information

  • Complex Features: Short Term Rental - Allowed, BBQ Pit/Grill, Beach, Community Room, Deed Access, Elevators, Exercise Room, Pool, TV Cable, Waterfront

Interior

  • Number of Rooms: 4
  • Interior Features: Breakfast Bar, Owner's Closet, Washer/Dryer Hookup
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
  • Furnishings: Furnished - All
  • Flooring: Floor Laminate, Floor Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Pool: Yes
  • Pool Description: Pool Type
  • Security/Safety: Fire Alarm/Sprinkler

Exterior

  • Exterior Features: Balcony

Parking

  • Parking Features: Covered, Deeded

Location

  • Area: 12 - Fort Walton Beach
  • County: Okaloosa
  • Subdivision: ISLAND PRINCESS
  • Driving Directions: Directions: From Highway 98, turn West onto Santa Rosa Blvd. Go approximately one mile and Island Princess will be on your left.

School Information

  • Elementary School: Elliott Point
  • Middle School: Bruner
  • High School: Choctawhatchee

Community

  • Association: Yes
  • Assoc. Fees Include: Accounting, Ground Keeping, Insurance, Licenses/Permits, Management, Recreational Faclty, Sewer, Water, Cable TV, Trash

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fans, Central Air
  • Heating Type: Central
  • Heating/Cooling: Central, Ceiling Fans, Central Air

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electric, Public Water, TV Cable

Structural Information

  • Construction: Concrete, Stucco
  • Exterior Const.: Concrete, Stucco
  • Stories/Levels: 7
  • Square Feet: 1,089
  • Sq. Ft. Source: County PA Records
  • Year Built: 1999

Lot Features

  • Property View: Gulf

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Type: Unit Waterfront, Gulf, Gulf/Pass

Financial Considerations

  • Assessment Amount: $2,671
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: ISLAND PRINCESS CONDO UNIT 405
  • APN: 00-2S-24-4193-0000-0405
  • Property ID: 00-2S-24-4193-0000-0405

Meet the selling agent

Meet the selling agent
— 520 Santa Rosa Blvd #405 —

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 520 Santa Rosa Blvd #405

School District:Okaloosa County School District
NameGradesDistance
Elliott Point Elementary School
301 Hughes Street Northeast, Fort Walton Beach, FL 32548
PK-51.8 mi
Max Bruner Junior Middle School
322 Holmes Boulevard Northwest, Fort Walton Beach, FL 32548
6-82 mi
Fort Walton Beach High School
400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548
9-122 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 520 Santa Rosa Blvd #405

Date
Details
Price
Change
Source
9/29/2026
Sold
$565,000
-8.13%
MLS
4/22/2026
Listed
$615,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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520 Santa Rosa Boulevard #405, Fort Walton Beach, FL 32548 (MLS# 1001274) is a Condo property that was sold at $565,000 on September 29, 2026. This property was sold by Donna Holman from our Niceville Office.Want to learn more about 520 Santa Rosa Boulevard #405? Do you have questions about finding other Condo real estate for sale in Fort Walton Beach? You can browse all Fort Walton Beach real estate or contact a Coldwell Banker agent to request more information.