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Harrison Lilly Team

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

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866 Santa Rosa Unit 318 , Fort Walton Beach, FL 32548
$824,900
Est. Payment: $4,557.45/mo
2 Bed
2 Bath
1156 Sqft
Status: Active | Days on site: 41
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Harrison Lilly Team
Owner/Operator

House Description

An exceptional rental opportunity awaits on coveted Okaloosa Island. This beautifully renovated corner-unit condo offers a turnkey investment with stunning Gulf views all around with and an inviting, upscale atmosphere designed to impress guests. The property has undergone a comprehensive makeover, thoughtfully incorporating high-end upgrades throughout. Highlights include a beautifully updated kitchen with new appliances, a striking waterfall granite island, an upgraded bathroom featuring designer tile, enhanced interior flooring, calming neutral paint selections, and upgraded lighting fixtures. All furnishings convey with the property, making this a truly turnkey opportunity that is ready to welcome guests from day one. The unit is currently projected to gross approximately $69,000 in 2026, with revenue already established for 2027--providing both immediate rental potential and a strong foundation for continued income. With its prime location, exceptional Gulf views, sophisticated updates, and established rental revenue, this is an outstanding opportunity to own a stylish and income-producing retreat in one of the Emerald Coast's most sought-after destinations.

Highlights

Listed by Vanessa L Wight , 850-714-2455 Fathom Realty FL LLC , 888-455-6040. Emerald Coast Multiple Listing Services

Property Type

Condo/Townhome

HOA Fee

Year Built

2002

County

Okaloosa

Area

12 - Fort Walton Beach

Neighborhood

Pelican Isle

Listing ID

1010230

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Dishwasher, Disposal, Dryer, Microwave, Refrigerator, 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, Hallway Bunk Beds, Kitchen Island, Lighting Recessed, Newly Painted, Washer/Dryer Hookup

Exterior Features

Lot:Gulf
Others:
  • ▪ Additional:Balcony
Sewer:Public Sewer
Principal Interest
$4,557
Taxes
$563
HOA
$0

Home Price

$824,900

Loan Details

30 yrs
7.374%

Down Payment

20%
$164,980
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:
$4,557.45

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,557.45 $562.92 $0.00 $5,120.37
Yearly $54,689.44 $6,755.00 $0.00 $61,444.44
Total $1,640,683.33 $202,650.00 $0.00 $1,843,333.33

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: 2026-10-07T11:00:03.000Z

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