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Harrison Lilly Team

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

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131 Bayou View Drive A-d , Fort Walton Beach, FL 32547
$699,900
Est. Payment: $3,866.85/mo
8 Bed
4 Bath
3180 Sqft
Status: Active | Days on site: 15
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EEXX - E23207
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Harrison Lilly Team
Owner/Operator

House Description

Welcome to 131 Bayou View Drive, a beautifully updated four-unit investment property in the heart of Fort Walton Beach. This two-building duplex offers four spacious 2-bedroom, 1-bath units, three already remodeled with vinyl or tile flooring, fresh paint, new cabinets, updated doors and fixtures, and more. Each unit also has its own private fenced yard and in-unit laundry hookups, giving tenants the space, privacy, and convenience they want. This property has been well maintained and updated over the years. The roof was replaced in 2017, all four water heaters were replaced in 2022, and the AC systems have been updated between 2018 and 2021, so buyers can expect minimal near-term capital expense. Separate utility meters mean tenants pay their own utilities, keeping owner costs low, and a termite bond is already in place for added peace of mind. The property is fully occupied, providing an investor with strong current rental income from day one. Beyond the four units, a bonus storage building on site adds even more income potential, with room to add rentable storage space beyond what is currently rented. With updated systems and low ongoing maintenance needs, this is a true turnkey opportunity for an investor looking for built-in upside, or for anyone drawn to the charm and privacy of updated units just minutes from the beach. Located in one of the Panhandle's most in-demand rental markets, close to shopping, dining, and the beach. Schedule your showing today.

Highlights

Listed by Michelle Martin , 850-218-3939 EXP Realty LLC , 888-883-8509. Emerald Coast Multiple Listing Services

Property Type

Residential

Year Built

1980

County

Okaloosa

Area

12 - Fort Walton Beach

Neighborhood

Field S/D

Listing ID

1012523

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Appliances:Dishwasher, Refrigerator, Water Heater - Elect
Air Cond:Ceiling Fans,Central Air
Fireplaces:
Floor:Floor Tile,Floor Vinyl
Other:
  • ▪ Additional:Fireplace, Newly Painted, Washer/Dryer Hookup

Exterior Features

Lot:Interior
Zoning:Resid Multi-Family
Others:
  • ▪ Additional:Fenced Back Yard, Yard Building, Patio Covered, Fenced Privacy
Sewer:Public Sewer
Principal Interest
$3,867
Taxes
$381

Home Price

$699,900

Loan Details

30 yrs
7.374%

Down Payment

20%
$139,980
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:
$3,866.85

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,866.85 $381.18 $0.00 $4,248.03
Yearly $46,402.16 $4,574.15 $0.00 $50,976.31
Total $1,392,064.81 $137,224.50 $0.00 $1,529,289.31

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

IDX service by Blueroof 360

Data last updated: 2026-10-07T04:14:31.000Z

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