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Harrison Lilly Team

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

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909 Santa Rosa Blvd Unit 513 , Ft Walton Beach, FL 32548
$359,000
Est. Payment: $1,983.42/mo
2 Bed
2 Bath
1035 Sqft
10.98 Acres
Status: Active | Days on site: 167
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Harrison Lilly Team
Owner/Operator

House Description

Experience the best of the Emerald Coast from El Matador #513, a beautifully updated first-floor studio located on the peaceful west end of Okaloosa Island. Tucked away in one of the area’s most established beachfront resorts, this unit offers the perfect combination of personal getaway and income-producing investment. Inside, the bright and open layout comfortably accommodates up to four guests and features newer LVP flooring in the Kitchen Living and Dining areas and ceramic tile in the bedrooms and bathrooms. The updated kitchen is well-appointed with stainless steel appliances, granite countertops, newer cabinetry, pantry storage, and a stylish tile backsplash. The inviting living area flows seamlessly to sliding glass doors that open onto a spacious private patio—ideal for outdoor dining and relaxing after a day at the beach. Offered fully furnished and turnkey, this well-maintained unit is currently used as a short-term rental and is booked for a large portion of the year already. With strong vacation demand on Okaloosa Island, it presents an excellent opportunity for buyers seeking a low-maintenance coastal investment. El Matador is an 11-acre gated beachfront community bordering the pristine Gulf Islands National Seashore, providing a rare natural backdrop and preserved coastline. Residents and guests enjoy private beach access, two swimming pools (one heated), tennis, pickleball and basketball courts, fitness center, sauna, hot tub, grilling and picnic areas, and 24-hour gated security with onsite management. Conveniently located just minutes from dining, marinas, and entertainment in Fort Walton Beach and Destin—and within driving distance of major southeastern cities—this is coastal living at its finest. Its Also Conveniently located just 15–20 minutes from Destin–Fort Walton Beach Airport (VPS) and Approx 45 Minutes to Pensacola International Airport.

Highlights

Listed by Damon Hitt , Ridings Realty Gulf coast , 251-461-6972. Pensacola Association of REALTORS®, Inc.

Property Type

Condo/Townhome

Lot/Acreage
10.98

HOA Fee

10800 Annually

Year Built

1971

County

Okaloosa

Neighborhood

None

Listing ID

681448

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Electric Water Heater, Dryer, Washer, Built In Microwave, Dishwasher, Disposal
Air Cond:Central Air,Ceiling Fan(s)
Fireplaces:
Floor:Tile
Other:
  • ▪ Additional:Ceiling Fan(s), Master on Main
Water:Public

Exterior Features

Lot:Gulf,Waterfront,Deed Access
Zoning:Res Single
Roof:Flat
Others:
  • ▪ Additional:Resale
Sewer:Public Sewer
Parking Features:Parking Lot
Principal Interest
$1,983
Taxes
$229
HOA
$10,800

Home Price

$359,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$71,800
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:
$1,983.42

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $1,983.42 $228.86 $10,800.00 $13,012.29
Yearly $23,801.08 $2,746.35 $129,600.00 $156,147.43
Total $714,032.38 $82,390.50 $3,888,000.00 $4,684,422.88

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 (Ft 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 Pensacola Association of REALTORS®, Inc., and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T11:45:26.000Z

© 2026 Pensacola Association of REALTORS®, Inc.