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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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1517 Miracle Strip Pkwy Unit 1 , Fort Walton Beach, FL 32548
$749,900
Est. Payment: $4,143.09/mo
2 Bed
2 Bath
981 Sqft
Status: Active | Days on site: 3
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RMA - B10922
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Harrison Lilly Team
Owner/Operator

House Description

OnOne-of-a-kind Gulf-side penthouse villa with panoramic views, exceptional outdoor living and a strong rental history--now available at Destin West Beach & Bay Resort. Villa PH-01 is a beautifully renovated, top-floor corner residence featuring 10-foot ceilings, two walls of windows and abundant natural light. Enjoy unobstructed views of the Gulf of Mexico and Choctawhatchee Bay from the covered wraparound balcony and oversized private rooftop terrace, complete with a hot tub. Designed for effortless coastal living, the open-concept interior flows from a fully equipped kitchen into an inviting living area with direct balcony access. Furnishings include a queen sleeper sofa, breakfast-bar seating and a bistro dining table. Offered fully furnished and turnkey, the villa is ready for personal enjoyment or continued rental use. The spacious primary suite accommodates a king-size bed plus a daybed with trundle for additional guests. It also offers private balcony access and an en-suite bathroom with a garden tub and separate walk-in shower. The villa has reportedly generated more than $70,000 in annual gross rental revenue while allowing approximately seven weeks of owner use per year, making it an attractive option for buyers seeking a vacation residence with income potential. Rental figures are historical, are not guaranteed and should be independently verified. Destin West offers an impressive collection of resort-style amenities across its Gulf-side and bayfront properties. A pedestrian skybridge over Highway 98 provides convenient access between the beach and bay sides of the resort. Amenities include: Seven swimming pools, including seasonally heated pools 5,000-square-foot lagoon-style pool 700-foot zero-entry lazy river Bayfront waterfall pool Gulf-side villa pool and children's pool Multiple hot tubs Large on-site fitness center Full-service beach rentals Bayfront marina and dock Charcoal grilling stations and picnic areas Accessible boardwalk to the beach Children's play area Covered parking On-site management Located on Okaloosa Island beside The Boardwalk, Destin West places dining, shopping and seasonal beachfront entertainment close at hand. Destin's HarborWalk Village is approximately four miles away, offering additional restaurants, boating excursions, shopping and entertainment. Whether enjoyed as a private coastal retreat, vacation rental or combination of both, Villa PH-01 presents a rare opportunity to own a renovated Gulf-side penthouse with expansive outdoor living and exceptional resort amenities.

Highlights

Listed by Billy M Richard , 850-319-9319 Realty Mark Associates , 561-245-5400. Bay County Association of REALTORS

Property Type

Condo/Townhome

HOA Fee

4600 Quarterly

Year Built

2006

County

Okaloosa

Area

17 - Okaloosa

Neighborhood

[No Recorded Subdiv]

Listing ID

794791

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Electric Range, Electric Water Heater
Other:
  • ▪ Additional:Double Vanity, Main Level Primary, Soaking Tub, Separate Shower

Exterior Features

Lot Dimensions:0x0x0
Others:
  • ▪ Additional:Dock, Patio
Sewer:Public Sewer
Principal Interest
$4,143
Taxes
$519
HOA
$4,600

Home Price

$749,900

Loan Details

30 yrs
7.374%

Down Payment

20%
$149,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,143.09

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $4,143.09 $519.20 $4,600.00 $9,262.28
Yearly $49,717.07 $6,230.34 $55,200.00 $111,147.41
Total $1,491,512.21 $186,910.20 $1,656,000.00 $3,334,422.41

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Fort Walton Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T08:07:44.000Z

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