30A Real Estate | Bobby J Team | Trusted Local Experts

1111 Santa Rosa Boulevard UNIT 507

Fort Walton Beach, FL 32548

MLS#: 945154

$949,500

Status: Closed
Listing number: 945154
Listing provided by: Coldwell Banker Realty
Listing agent phone: None
Last update: 1 year, 11 months ago
On site: 2 years ago
Browse Properties
SUMMER PLACE - Residential

Property

Beds

3

Full Baths

2

1/2 Baths

None

Year Built

2003

Sq.Footage

1,228

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.

Features & Amenities

Interior

  • Other Interior Features

    Breakfast Bar

  • Total Bedrooms

    3

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    Yes

Exterior

  • Garage

    No

  • Other Exterior Features

    Balcony

  • Pool

    Yes

  • Pool Features

    Community

  • Waterfront YN

    YES

Area & Lot

  • Lot Features

    Waterfront

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    N/A

Price

  • Sales Price

    $949,500

  • Tax Amount

    $7,238.59

  • Sq. Footage

    1,228

  • Price/SqFt

    $773

HOA

  • Association

    YES

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Elliott Point

  • Middle School

    Bruner

  • High School

    Fort Walton Beach

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Okaloosa

Elementary School

Elliott Point

Middle School

Bruner

High School

Fort Walton Beach

Listing Courtesy of Michael Tomlin, Coldwell Banker Realty

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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.

1111 Santa Rosa Boulevard UNIT 507

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