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$355,000 Sale Pending

  • For Sale
  • Pending
  • Condo / Townhouse
  • 1 Bed
  • 1 Full Bath
  • 1,280 Sq. Ft.
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Bayfront Beauty! Stunning views from this 1BR/1BA condo at Bay Villas at the Bluewater Bay Marina, with an additional large loft area plus an office space. As you walk into this 1,280SF condo, you are greeted with serene bayfront views from almost every room. The kitchen features quality Thomasville solid wood craftsman cabinetry with 42-inch tall uppers and dovetai drawers, granite countertops, updated appliances walk-in pantry, and laundry closet with washer and dryer that convey. As you enter the living space it is open with soaring 20 ft ceilings, fireplace, & large private balcony access with breath-taking serene bay views - this unit truly is one of a kind! The bedroom could be utilized as additional living room/flex space and has private access to the balcony. Upstairs is large private loft area, which overlooks the living space below, and may be utilized as an additional sleeping loft/flex space. The condo has the capacity to sleep 6+. Other features include a large bathroom with jetted tub, along with al private office space. This darling unit also has a private oversized garage (lease option grandfathered to the unit). Freshly renovated with all new paint and smoothed ceilings, the unit is professionally cleaned and in immaculate condition. Perfect as a full-time residence, second-home/vacation spot, or as a lucrative short-term rental which would be perfect for AirBNB/VBRO or mid-term rental for investors. This is the best-priced bayfront condo here in the Bluewater Bay area! Located just a short walk from the Marina and Schooners Restaurant & Bar, and all the amenities of world-class Bluewater Bay where golfing, tennis, pickleball, pools, retail, medical offices, restaurants, and top-rated schools are all part of the perfect lifestyle, and all within 15 minutes reach of Eglin AFB or Destin and its beautiful white sandy beaches and emerald waters. The condo is professionally deep cleaned, freshly painted throughout, and ready to go! Don't miss this rare bayfront opportunity which also allows short-term rentals!

Full Property Details for 48 Marina Cove Dr #302A

General

  • Price: $355,000
  • Taxes: $1,825 (2024)
  • Status: Pending
  • Type: Condo /Townhouse
  • Source: Emerald_Coast
  • MLS ID: 989696
  • Updated: 12/19/2025
  • Added to Site: 63 day(s) ago

Interior

  • Rooms/Areas: Balcony, Bedroom, Dining Area, Foyer, Full Bathroom, Kitchen, Living Room, Loft, Office
  • Interior Features: Ceiling Raised, Ceiling Vaulted, Fireplace, Floor Tile, Furnished - None, Lighting Recessed, Owner's Closet, Pantry, Renovated, Shelving, Walls Paneled, Woodwork Painted
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Freezer, Microwave, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Washer

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Other Rooms

  • Foyer/Entry: Foyer
  • Living Room: Living Room
  • Kitchen: Kitchen
  • Office: Office
  • Loft: Loft

Additional Information

  • Shared Amenities: Boat Launch, Dock, Elevators, Fishing, Golf, Marina, Pets Allowed, Pickle Ball, Picnic Area, Pool, Separate Storage, Short Term Rental - Allowed, Tennis, Waterfront

Exterior

  • Exterior Features: Balcony, Renovated
  • Patio/Balcony: Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking: Garage, Garage Detached

Location

  • Area: 13 - Niceville
  • County: Okaloosa
  • Subdivision: Bay Villas Condos
  • Driving Directions: From Hwy 20 traveling East from Niceville, make a right onto Bay Drive, traveling South. Continue past the Tennis Center and the Recreation Center. Make a left onto Marina Cove Drive.

School Information

  • Elementary School: Bluewater
  • Middle School: Ruckel
  • High School: Niceville

Heating & Cooling

  • Heating/Cooling: AC - Central Elect, Ceiling Fans, Double Pane Windows, Heat Cntrl Electric, Water Heater - Elect

Utilities

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

Structural Information

  • Construction: Frame, Stucco, Trim Wood
  • Stories/Levels: 0
  • Stories in Building: 3
  • Square Feet: 1,280
  • Sq. Ft. Source: Building Plan
  • Year Built: 1983

Lot Features

  • Property View: Bay

Water Features

  • Water Front Type: Bay, Unit Waterfront

Financial Considerations

  • Assessment Amount: $719
  • Assmt Payment Freq: Monthly
  • Tax Amount: $1,825
  • Tax Year: 2024
  • Terms: Conventional, FHA, VA

Disclosures and Reports

  • Legal Description: BAY VILLAS UNIT 302A
  • Assessment: Yes
  • APN: 16-1S-22-0172-0000-302A

Listed by Compass

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— 48 Marina Cove Dr #302A —

  • Compass

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 48 Marina Cove Dr #302A

School District:Okaloosa County School District
NameGradesDistance
Bluewater Elementary School
4545 Range Road, Niceville, FL 32578
K-51.6 mi
C. W. Ruckel Middle School
201 Partin Drive North, Niceville, FL 32578
6-82.8 mi
Niceville Senior High School
800 John Sims Parkway, Niceville, FL 32578
9-122.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 48 Marina Cove Dr #302A Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/15/2025
Listed
$355,000
139.06%
MLS
8/07/2000
Sold
$148,500
—
Public Record
Get Price Alerts and Save Property
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 for 48 Marina Cove Dr #302A

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,883
3%
$191,355
3%
2024
$1,826
3%
$185,962
3%
2023
$1,777
3%
$180,546
6%
2021
$1,718
—
$170,182
-3%
2022
$1,726
—
$175,287
4%
2021
$1,718
2%
$167,832
2%
2019
$1,681
1%
$164,059
2%
2018
$1,660
1%
$161,000
2%
2017
$1,645
3%
$157,689
2%
2016
$1,599
-2%
$154,446
1%
2015
$1,630
—
$153,372
1%
2014
$1,634
2%
$152,155
2%
2013
$1,603
—
$149,906
—
View All
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 for 48 Marina Cove Dr #302A

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48 Marina Cove Drive #302A, Niceville, FL 32578 (MLS# 989696) is a Condo / Townhouse property with 1 bedroom and 1 full bathroom. 48 Marina Cove Drive #302A is currently listed for $355,000 and was received on November 15, 2025. Want to learn more about 48 Marina Cove Drive #302A? Do you have questions about finding other Condo / Townhouse real estate for sale in Niceville? You can browse all Niceville real estate or contact a Coldwell Banker agent to request more information.

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