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$1,200,000
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Property Description
Experience the best of Navarre Beach in this high-producing, fully furnished West End corner unit at Caribbean Resort, where unobstructed Gulf and Santa Rosa Sound views take center stage! With over $95K in rental income generated in 2025 and a strong 10+ year rental history filled with stellar reviews and repeat guests, this is an incredible investment opportunity. There are no high rises blocking the panoramic views, allowing endless sunsets and natural light to pour in. The lockout unit creates rental flexibility and income potential. Inside, the main living areas are finished with travertine tile and vinyl flooring in select bedrooms - no carpet! The living and dining area features floor-to-ceiling windows that frame the Gulf and Sound, creating a bright, airy coastal atmosphere. The kitchen showcases custom cabinetry, glass-pane lighted upper cabinets, abundant storage, stainless steel appliances, granite countertops, a built-in wine rack and stemware holder, and a breakfast bar. The primary suite easily accommodates a king-size bed and sitting area and features balcony access and a walk-in closet. The guest bedroom includes a walk-in closet and a convenient ensuite bathroom, with access also available from the main living area. The lockout suite can be accessed both internally and from an exterior entrance, making it ideal for maximizing rental income or hosting guests. It offers its own balcony, en suite bathroom, double closets, and space for a sitting area. Additiona l highlights include a hidden laundry area concealed behind kitchen cabinetry, generous storage throughout, and a dedicated owner's closet. Caribbean Resort offers fantastic amenities including a Gulf-front pool, hot tub, gated beach access, two parking spaces per unit, private storage, and a recently renovated BBQ area with new grills. This is a rare opportunity to own a proven income-producing beach property with unbeatable views!
Full Property Details
Full Property Details for 8477 Gulf Blvd #APT 703
General
- Price: $1,200,000
- Status: Active
- Type: Condo
- Source: Emerald_Coast
- MLS ID: 1004158
- Updated: 7/8/2026
- Added to Site: 46 day(s) ago
Rental Information
- Complex Features: Short Term Rental - Allowed, BBQ Pit/Grill, Beach, Deed Access, Dumpster, Elevators, Pets Allowed, Picnic Area, Pool, Separate Storage, TV Cable, Waterfront, Whirlpool
Interior
- Number of Rooms: 10
- Interior Features: Breakfast Bar, Ceiling Raised, Guest Quarters, Lighting Recessed, Lighting Track, Lock Out, Owner's Closet, Split Bedroom
- Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Washer, Wine Refrigerator, Water Heater - Elect
- Furnishings: Furnished - All
- Flooring: Floor Tile, Floor Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Additional Information
- Pool: Yes
- Pool Description: Pool Type
Exterior
- Exterior Features: Balcony
Location
- Area: 11 - Navarre/Gulf Breeze
- County: Santa Rosa
- Subdivision: CARIBBEAN RESORT
- Driving Directions: From HWY 98 across the Navarre Beach Bridge, head South. Turn right onto Gulf Blvd. Caribbean Resort will be on the left. Go up to the 7th floor and go into the hallway right off the right side elevator, and the unit will be at the end of hallway on the right.
School Information
- Elementary School: Holley-Navarre Primary-Intermed
- Middle School: Holley-Navarre
- High School: Navarre
Community
- Association: Yes
- Assoc. Fees Include: Accounting, Ground Keeping, Internet Service, Management, Master Association, Sewer, Telephone, 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, Steel, Stucco
- Exterior Const.: Concrete, Steel, Stucco
- Stories/Levels: 18
- Square Feet: 1,824
- Sq. Ft. Source: Appraiser
- Year Built: 1999
Lot Features
- Property View: Sound, Gulf
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Type: Gulf
Financial Considerations
- Assessment Amount: $1,786
Disclosures and Reports
- Legal Description: CARIBBEAN RESORT CONDOMINIUM UNIT 703 & 1/54 UNDIVIDED SHARE IN COMMON ELEMENTS AS DES IN OR 3541 PG 1082
- APN: 28-2S-26-9099-00000-0703
- Property ID: 28-2S-26-9099-00000-0703
Listed by Keller Williams Realty Gulf Coast
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Schools
Schools serving 8477 Gulf Blvd #APT 703
School District:Santa Rosa County School District
| Name | Grades | Distance |
|---|---|---|
Holley-Navarre Intermediate School 1936 Navarre School Road, Navarre, FL 32566 | 3-5 | 2.1 mi |
Holley-Navarre Primary School 8019 Escola Street, Navarre, FL 32566 | PK-2 | 2.2 mi |
Holley-Navarre Middle School 1976 Williams Creek Drive, Navarre, FL 32566 | 6-8 | 2.2 mi |
Navarre High School 8600 High School Boulevard, Navarre, FL 32566 | 9-12 | 3.1 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 8477 Gulf Blvd #APT 703
Date
Details
Price
Change
Source
5/28/2026
Listed
$1,200,000
147.42%
MLS
7/16/2012
Sold
$485,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8477 Gulf Blvd #APT 703
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,400
6%
$725,000
4%
2024
$7,896
3%
$700,000
—
2023
$7,644
29%
$700,000
56%
2021
$5,913
-10%
$450,000
-18%
2022
$6,588
11%
$550,000
25%
2021
$5,913
7%
$440,000
9%
2018
$5,533
1%
$405,000
—
2017
$5,499
-1%
$405,000
-2%
2019
$5,571
10%
$415,000
9%
2016
$5,074
11%
$380,000
21%
2015
$4,551
-2%
$315,000
—
2014
$4,627
4%
$315,000
7%
2013
$4,439
—
$294,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8477 Gulf Blvd #APT 703
8477 Gulf Boulevard #APT 703, Navarre, FL 32566 (MLS# 1004158) is a Condo property with 3 bedrooms and 3 full bathrooms. 8477 Gulf Boulevard #APT 703 is currently listed for $1,200,000 and was received on May 28, 2026. Want to learn more about 8477 Gulf Boulevard #APT 703? Do you have questions about finding other Condo real estate for sale in Navarre? You can browse all Navarre real estate or contact a Coldwell Banker agent to request more information.

