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866 Santa Rosa, Unit 318
Fort Walton Beach, FL 32548

$824,900 - Status: Active

Beds: 2

Baths: 2 full

SQFT (H&C): 1,156

MLS# 1010230

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.

Property Features

MLS#: 1010230

Zip: 32548

Subdivision: Pelican Isle

Development: 12 - Fort Walton Beach

Property Type: Residential - Condominium

Cooling: Ceiling Fans, Central Air

Days on Site: 72

Heating: Central

Home Style: N/A

Stories: 7.0

Taxes: $6,755

Year Built: 2002

SQFT (H&C): 1,156

Feature Descriptions

Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect

Association Fee Includes: $0

Community Features: Short Term Rental - Allowed, BBQ Pit/Grill, Beach, Dumpster, Elevators, Exercise Room, Fishing, Handicap Provisions, Picnic Area, Pool, TV Cable, Waterfront

Exterior: Concrete

Exterior: Balcony

Financing Terms: Conventional, Other

Flooring: Floor Tile

HOA: Yes

Interior: Breakfast Bar, Hallway Bunk Beds, Kitchen Island, Lighting Recessed, Newly Painted, Washer/Dryer Hookup

Parcel Number: 00-2S-24-2183-0000-0318

Pool Features: Pool - In-Ground, Pool Type

Property Condition: Construction Complete

Rooms Total: 6

Sewer: Public Sewer

Special View Info: Gulf

Sub Type: Condominium

Utilities: Electric, Public Water, TV Cable

Waterfront: Gulf

Window: Window Treatment All

Local Schools

High School: Fort Walton Beach

Middle School: Bruner

Elementary School: Edwins

866 Santa Rosa, Unit 318 | MLS# 1010230

This condo located at 866 Santa Rosa, Unit 318, Fort Walton Beach, FL 32548 is currently listed for sale with an asking price of $824,900. This property was built in 2002 and has 2 bedrooms and 2 full baths with 1156 sq. ft. Santa Rosa, Unit 318 is located in the PELICAN ISLE subdivision. Search PELICAN ISLE real estate on aphillips.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Fathom Realty FL LLC

Shown By

Agent Name: Andrew Phillips
Agent Phone: (850) 819-2764
Agency Title: Beachy Beach Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/31/2026. The listing information on this page last changed on 10/31/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 10/31/2026 12:41:11 AM EST) or Emerald Coast MLS (last updated Sat 10/31/2026 12:05:30 AM EST) or Central Panhandle Association of Realtors (last updated Sat 10/31/2026 12:37:22 AM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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866 Santa Rosa, Unit 318Fort Walton Beach, FL 32548