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$540,000

Beds
1
Baths
2.0
sq ft
915

1515 Miracle Strip Pkwy SE Unit 205, Fort Walton Beach, FL 32548

1515 Miracle Strip Pkwy SE Unit 205

Fort Walton Beach, FL 32548

  • 3 days on market
Discover an incredible investment and vacation opportunity in one of the Emerald Coast's premier destinations. This beautifully maintained, fully furnished condo with a high rental potential offers direct views of the Gulf from its spacious private balcony and is located in the highly sought-after Destin West Beach and Bay Resort. Positioned on the Gulf side, unit 205 provides direct access to the four-mile pristine beach and the Okaloosa Island Fishing Pier, which stretches 1,262 feet into the water. Unit 205 is essentially a two-bedroom condo. The master bedroom has an en-suite full-sized tub/shower bathroom. The nearby separate bunk room has two queen-sized in-built beds and a connecting guest bathroom with a large walk-in shower. The condo comfortably sleeps 6 guests. Each room is equipped with a recently updated flat-screen TV. The resort's Gulf side features a 5,000 sq.ft. lagoon-style swimming pool, a large hot tub, a kiddie pool, a covered pool, a 2,330 sq. ft. fitness center, barbecue grills, and picnic areas. On the Bayside, which is conveniently connected to the seaside by a SkyBridge, you'll find a 700 sq.ft. Lazy River, Waterfall Pool, Zero Entry Pool, two oversized hot tubs, and a covered playground. Nearby attractions cater to seasons, ages, and interests, including a variety of top restaurants and coffee shops, mini-golf and arcades, the Gulfarium Marine Adventure Park, Downtown Music Hall, beautiful shaded parks with fishing opportunities, and much more. This property is ideal for both investors and vacationers, offering a perfect blend of affordability, convenience, and stunning natural beauty. The rental potential is 45K-$55K! Upgrades include a 2022 HVAC system, luxury vinyl flooring, coastal d??cor, plumbing fixtures, washer/dryer set. Don't miss out on this exceptional opportunity!

Details

Property type

Condominium

Est. home value

$519,196

Lot size

Unknown

Price per sq ft

$591

Year built

2002

Monthly HOA fee

$1,144

Price History

03/29/2025
EmeraldCoast

EmeraldCoast #972517

Listed
$540,000
-4.41%
03/10/2025
EmeraldCoast

EmeraldCoast #964461

Removed
$564,900
02/28/2025
EmeraldCoast

EmeraldCoast #964461

Price change
$564,900
-1.74%

Schools & Community

Elementary school: 

Elliott Point

Middle school: 

Bruner

High school: 

Fort Walton Beach

Community features: 

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

$135,380
Asking price
$540,000
Closing costs (~8% of asking)
-$43,200
Est. remaining loan balance
-$361,420
Cash to seller
$135,380

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

Seller’s Loan History

Lender

Newrez Llc

Loan start date

August 2023

Original loan amount

$367,500

Est. remaining balance

$361,420

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

Cullen Brown and Nicole Marie Muolo Brown

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: 04/01/2025 at 4:25 PM

Listing updated: 04/01/2025 at 2:31 PM

Listed by: Natalia Dimitrova, Coldwell Banker Realty Phone #: (850) 650-4563

MLS: EmeraldCoast #972517

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