480 Santa Rosa Boulevard
Fort Walton Beach, FL 32548
$35,000,000
Active
Description
Mar-a-Sol presents a once-in-a-market opportunity to acquire an irreplaceable Gulf-front site on Okaloosa Island, positioned just steps from the shoreline. Assets with this level of beach proximity are virtually nonexistent on the Emerald Coast and increasingly rare across Florida's entire Gulf Coast, making this offering exceptionally difficult to replicate.
The property currently consists of 69 units across two buildings and is 100% occupied, with the majority operating as long-term rentals, providing immediate, stable in-place income. The asset has benefited from thoughtful interior and exterior upgrades, allowing a buyer to maintain current operations while evaluating strategic alternatives.
Listing details MLS# 954584
Location, Tax and Legal
- Area
- 12 - Fort Walton Beach
- Sub area
- 1201 - Okaloosa Island
- County
- Okaloosa
- Parcel ID
- 00-2S-24-2185-0004-0204
- Legal description
- SANTA ROSA ISLAND LOT 204 BLK 4 AND W1/2 VAC
General Property Info
- Property type
- Commercial for Sale
- Acreage
- 1.57
- Lot size (sq ft)
- 68389.2
- New construction
- No
- Condition
- Existing
Remarks and Misc
- Directions
- Turn on to Okaloosa Island heading south on Santa Rosa Blvd. The property is on the south side about a mile down. Look for the signs.
