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Harrison Lilly

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

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1150 Santa Rosa Boulevard Unit 414 , Fort Walton Beach, FL 32548
$1,070,000
Est. Payment: $5,426.84/mo
3 Bed
3 Bath
1513 Sqft
Status: active | Days on site: 139
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

Gulf-front living at its finest -- and the smartest value on this floor plan in the building. This 1,513 SF, 3BR/3BA residence at Azure offers direct, unobstructed Gulf views, an open living and dining layout, and a primary suite with garden tub, walk-in closet, and private balcony access. A private owner's closet inside the unit plus a dedicated storage room down the hall add everyday convenience most buyers won't find elsewhere in the building. Only four units in Azure share this exact floor plan -- and this is priced below the two others currently on the market, and below the most recent unit of this same layout to sell in the building. A documented rental income history is available for buyers evaluating this as an investment, along with a full cost-to-own analysis built on real numbers, not projections. Wake up to sugar-white sand and emerald water from your own balcony, with sweeping Gulf views from the main living areas and primary suite alike. The split-bedroom layout gives guests and owners their own private corners. Resort amenities include a Gulf-front pool, fitness center, and secured building access -- everything you need for a low-maintenance coastal lifestyle. Tour remotely first with our 4K Matterport walkthrough, then schedule an easy, flexible in-person showing through our team. Whether you're searching for a primary residence, a second home, or an income property, this is Gulf-front ownership positioned to perform. Schedule your private showing today. FULL COMPARABLE ANALYSIS -- AZURE, 1,513 SF / 3BR-3BA FLOOR PLAN Only four units in the building share this exact floor plan. Here is where this listing sits against the others: Unit Status Price $/SF Notes 307 Sold $1,000,000 $660.94 Closed Jan 2026, 101 DOM 610 Sold $1,075,000 $710.51 Closed Jan 2026, 53 DOM 113 Active $1,095,000 $723.73 Priced above subject 305 Active $1,100,000 $727.03 Priced above subject 414 (subject) Active $1,070,000 $707.20 Below actives and last closed sale CLOSED SALES (this floor plan): - Unit 307 -- sold $1,000,000 ($660.94/SF) -- closed January 2026, 101 days on market - Unit 610 -- sold $1,075,000 ($710.51/SF) -- closed January 2026, 53 days on market ACTIVE LISTINGS (this floor plan): - Unit 113 -- listed $1,095,000 ($723.73/SF) - Unit 305 -- listed $1,100,000 ($727.03/SF) - Unit 414 (this listing) -- listed $1,070,000 ($707.20/SF) This listing is priced below both active competitors on the identical floor plan, and below the most recent closed sale of this exact layout -- Unit 610, which sold for $1,075,000. In plain terms: a buyer purchasing this unit at ask is paying less than what the last verified buyer in this building paid for the same square footage, same bedroom count, same view line. MARKET TIMING CONTEXT: Both recent Azure sales on this floor plan went under contract within days of each other in December 2025 -- a pattern consistent with holiday-season visitors converting into buyers. Showing volume in Azure and the surrounding Gulf-front buildings slows through the peak rental season (spring and summer), then picks back up as the building empties out heading into fall. Consistent with that pattern, another Azure residence went under contract this month (July 2026) after a longer stretch on the market -- an early signal that buyer activity in the building is returning as the summer rental season winds down. RENTAL INCOME HISTORY (verified actuals, four years): - 2023: $70,000 - 2024: $75,000 - 2025: $60,000 (property management transition year) - 2026: year-to-date through July 1, plus July and August currently on the books A full cost-to-own analysis with cap rate detail is available on request -- built entirely on these actuals, not third-party rental estimates. FEATURES: Private owner's closet inside the unit; dedicated storage room down the hall; primary suite with garden tub, walk-in closet, and private balcony access; recently updated living room seating. 4K Matterport virtual tour and floor plan available.

Highlights

Listed by Scott Martineau , 850-420-7200 RE/MAX Coastal Properties , 850-837-9900. Emerald Coast Multiple Listing Services

Property Type

Condo/Townhome

HOA Fee

Year Built

2005

County

Okaloosa

Area

12 - Fort Walton Beach

Neighborhood

Azure

Listing ID

998315

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
Air Cond:Ceiling Fans,Central Air
Fireplaces:
Floor:Floor Tile
Other:
  • Additional:Breakfast Bar, Ceiling Crwn Molding, Ceiling Raised, Lighting Recessed, Owner's Closet, Pantry, Washer/Dryer Hookup

Exterior Features

Lot:Gulf,Shore - Beach
Others:
  • Additional:Balcony
Sewer:Public Sewer
Parking Features:Covered
Principal Interest
$5,427
Taxes
$888
HOA
$0

Home Price

$1,070,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$214,000
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:
$5,426.84

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,426.84 $888.08 $0.00 $6,314.92
Yearly $65,122.06 $10,657.00 $0.00 $75,779.06
Total $1,953,661.72 $319,710.00 $0.00 $2,273,371.72

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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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 Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T06:32:47.000Z

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