1517 Se Miracle Strip Parkway 403, Fort Walton Beach, FL

Description

VA APPROVED! Lowest priced unit on Okaloosa Island offering access to BOTH Gulf and Bay amenities at Destin West Beach and Bay Resort! This unique 4th floor beachside studio villa offers both Gulf and Bay views, is just steps from the sugar white sand beaches, comes fully furnished, and already has future rental bookings in place for immediate income potential. Projected gross rental income is approximately $30,000 annually, with estimated NOI around $11,592 annually (~4.29% cap rate), and potential upside to approximately $16,992 annually (~6.3% cap rate) through self management or optimized rental performance. Located on the beachside of the resort, this well maintained condo has been recently repainted and is truly turn key, ideal as a vacation getaway, second home, or income producing investment property. Destin West is one of the Emerald Coast's most sought after resort communities, offering owners and guests access to multiple pools, a lazy river, hot tubs, fitness center, and private beach access. The resort's signature sky bridge conveniently connects the gulf side and bay side amenities, giving you the best of both worlds without ever crossing traffic. Destin West offers an onsite Marina with 25 slips available for rental. Strong HOA. Fully furnished. Prime beachside location. Gulf and bay views. Resort style amenities. Immediate rental income potential. This is a rare opportunity to own one of the best values currently available on Okaloosa Island.

Legal Description

GULFSIDE VILLAS @ DESTIN WEST UNIT 403

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