1517 SE Miracle Strip Parkway #403, Fort Walton Beach, FL 32548

Fort Walton Beach
Local realty services provided by:ERA American Real Estate
1517 SE Miracle Strip Parkway #403,Fort Walton Beach, FL 32548
$270,000
  • 1 Beds
  • 1 Baths
  • 460 sq. ft.
  • Condominium
  • Active
Listed by: candace m floyd
Office: the property group 850 inc
MLS#:999350
Source:FL_ECAR

Price summary

  • Price:$270,000
  • Price per sq. ft.:$586.96

About this home

VA APPROVED! Fully furnished unit in Destin West Beach and Bay Resort with access to white sand beaches, a lazy river, and resort style amenities, making it ideal as a vacation getaway or income producing rental. Projected gross income is approximately $30,000 per year with an estimated NOI of $11,592 annually, reflecting about a 4.29% cap rate, with potential up to approximately $16,992 annually or about a 6.3% cap rate through self management or improved rental performance. Future rental bookings are already in place, providing immediate income potential for the new owner from day one. This is a great opportunity to own a beach property with income potential in a high demand area. 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...

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Home facts

  • Year built:2006
  • Listing ID #:999350
  • Added:46 day(s) ago
  • Updated:May 17, 2026 at 02:41 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:3
  • Kitchen Description:Cooktop, Dishwasher, Microwave, Refrigerator
  • Living area:460 sq. ft.

Heating and cooling

  • Central air:Yes

Structure and exterior

  • Year built:2006
  • Building area:460 sq. ft.
  • Exterior Features:BBQ Pit/Grill, Balcony, Dock, Hot Tub

Schools

  • High school:Fort Walton Beach
  • Middle school:Bruner
  • Elementary school:Elliott Point

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$270,000
  • Price per sq. ft.:$586.96
  • Tax amount:$3,151 (2025)

Features and amenities

  • Appliances:Cooktop, Dishwasher, Microwave, Refrigerator
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