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480 Santa Rosa Boulevard, Fort Walton Beach, FL 32548

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For Sale

$35,000,000

1.57 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 1.6 acres
    Lot size

Explore this Property

Welcome to Mar-a-Sol, an exquisite waterfront residence on Okaloosa Island. This distinguished property boasts 69 meticulously updated units, comprising one- and two-bedroom configurations, each adorned with modern and stylish finishes. The East building offers unparalleled full Gulf front views, while the West building provides partial vistas, with every unit being a mere 10 feet from beach access and just 100 feet from the pristine waters. Each unit features gourmet kitchens equipped with stainless steel appliances, luxurious granite countertops, and tasteful backsplashes. Elegant LPV hardwood flooring graces the living spaces, and the master suites offer spacious ensuites with ample room for nightstands and a desk. With an impressive 97% occupancy rate, Mar-a-Sol accommodates both long-term and short-term tenants. The owners have meticulously updated the exterior with sophisticated white and black paint, complemented by modernized landscaping and stylish pool furniture, creating a chic and inviting ambiance. This property presents an array of opportunities. You can seamlessly continue the current thriving business or redevelop the buildings into new condominium units or beach homes. The location, combined with stunning Gulf views and immediate beach access, ensures endless possibilities for this highly coveted property. Okaloosa Island is a gem on Florida's Emerald Coast, nestled between the Gulf of Mexico and Choctawhatchee Bay, and known for its pristine white-sand beaches and crystal-clear waters. This idyllic barrier island offers a plethora of activities, including swimming, sunbathing, and a variety of watersports like jet skiing, paddle boarding, and snorkeling. Visitors can enjoy fishing on the Okaloosa Island Pier, embark on dolphin cruises, and explore scenic nature trails. The island boasts a vibrant dining scene with beachfront eateries and fine dining options, as well as lively nightlife. Family-friendly attractions like the Gulfarium Marine Adventure Park and local shopping add to the island's charm, making it a perfect destination for relaxation and adventure. Fort Walton Beach is undergoing a remarkable revitalization of its downtown area, and the replacement of Brook's Bridge is currently underway. Additionally, Okaloosa Island has plans for a 4.3-mile multi-use pathway, providing a safe and scenic route for bicyclists and pedestrians. These exciting developments position Mar-a-Sol in a prime location to benefit from the growth and transformation of this vibrant, up-and-coming community. Do not miss out on this rare opportunity with a special location!
MLS# 954584

Courtesy Of Compass Florida, LLC

(305) 851-2820

Property Features

  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    1.57 Acres

Map and Directions

Directions to 480 Santa Rosa Boulevard, Fort Walton Beach, FL 32548

Home seller CENTURY 21 AllPoints Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 AllPoints Realty

(850) 837-7800
Learn More About Us

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Copyright © 2024 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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 being provided is 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.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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