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$1,097,000

Beds
3
Baths
3.0
sq ft
1,513

1150 Santa Rosa Blvd Unit 110, Fort Walton Beach, FL 32548

1150 Santa Rosa Blvd Unit 110

Fort Walton Beach, FL 32548

  • 83 days on market
Estimated annual gross rental income of $110-$115k. This fully furnished ground-floor condo offers direct walk-out access to the pool decks and pristine beach. Enjoy the convenience of quick access to the covered parking garage with no need for stairs or elevators. The unit features tile flooring throughout (no carpet). With 9-foot ceilings and an open floor plan, it provides a spacious and welcoming ambiance. It includes two King bedrooms, a third large bedroom with custom Queen over Queen Bunks, and a Queen-sized sleeper sofa in the living room. Ground-floor unit accommodates up to 10 occupants, which is more than similar units on higher floors due to fire codes. The Azure complex offers 2 pools (1 heated), 2 large hot tubs, covered parking garage and more. Buyers to verify all info. Estimated annual gross rental income of $110-$115k. This fully furnished ground-floor condo offers direct walk-out access to the pool decks and pristine beach. Its prime location, with easy entry to the pool area and sugary sand beaches, makes it one of the most sought-after rentals in the complex. Enjoy the convenience of quick access to the covered parking garage with no need for stairs or elevators. The unit features tile flooring throughout (no carpet). This condo stands out as an exceptional vacation rental, consistently achieving high rental income year after year. With 9-foot ceilings and an open floor plan, it provides a spacious and welcoming ambiance. It includes two King bedrooms, a third large bedroom with custom Queen over Queen Bunks, and a Queen-sized sleeper sofa in the living room. The master bathroom is expansive, featuring a separate shower and garden tub. Due to Azure condominium regulations and fire code restrictions, this ground-floor unit accommodates up to 10 occupants, which is more than similar units on higher floors. The Azure complex offers two pools (one seasonally heated), two large hot tubs, a covered parking garage with code gate access, lush tropical landscaping, a newly updated beach walkway, a fully equipped exercise room, and outdoor grills for use by owners and guests. Buyers should verify all information.

Details

Property type

Condominium

Est. home value

$980,943

Lot size

Unknown

Price per sq ft

$726

Year built

2005

Monthly HOA fee

$949

Price History

10/02/2024
EmeraldCoast

EmeraldCoast #960312

Listed
$1,097,000
+71.41%
09/18/2020
EmeraldCoast

EmeraldCoast #815595

Sold
$640,000

Schools & Community

Elementary school: 

Elliott Point

Middle school: 

Bruner

High school: 

Fort Walton Beach

Community features: 

Gated, Pool

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$549,573
Asking price
$1,097,000
Closing costs (~8% of asking)
-$87,760
Est. remaining loan balance
-$459,667
Cash to seller
$549,573

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bancorpsouth Bank

Loan start date

September 2020

Original loan amount

$507,000

Est. remaining balance

$459,667

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Peter Mokan and Sandra Rena Mokan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/24/2024 at 8:15 AM

Listing updated: 11/14/2024 at 12:17 PM

Listed by: Bryan A Young, Copeland Morgan LLC Phone #: (727) 235-7988

MLS: EmeraldCoast #960312

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