For Sale
$575,000

321 Bream AveFort Walton Beach, FL 32548

Two-unit condo, waterfront, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a two-unit condominium located at 321 Bream Ave, Fort Walton Beach, FL 32548, within the gated Palm Court Yacht Club community on Okaloosa Island. Priced at $575,000, this property offers a combined 1,845 square feet of net rentable space, translating to a price per square foot of $312. Boasting stunning Intracoastal Waterway views from both balconies, each unit presents versatile options: owner occupancy, annual rentals, or lucrative vacation rentals. The property includes the largest boat slip in the community, situated in a no-wake zone and equipped with electricity, water, and a boat lift. Community amenities are extensive, encompassing a heated waterfront pool, hot tub, docks, BBQ area, secured covered parking, storage, and convenient boardwalk access to the beach. Recent upgrades include new appliances and flooring throughout both units, with one unit featuring a Murphy bed system. This turnkey investment is ideal for those seeking immediate cash flow and a prime location with easy access to dining and entertainment. Okaloosa County location provides a strong rental market.

Highlights

  • $575,000 asking price for a two-unit multifamily investment property.
  • Located in Fort Walton Beach, FL, at 321 Bream Ave, 32548.
  • 1,845 square feet total, with a price per square foot of $312.
  • Property includes two units, currently operating as a single-family rental portfolio.
  • Features include waterfront location, boat slip with lift, community amenities (pool, hot tub, docks, parking, beach access), and recent upgrades.

Property Details for 321 Bream Ave

Property type
Residential income homes
Square Feet
1,845 SF
Units
2

Location Insight

City
Fort Walton Beach
County
Okaloosa
State
Florida
Latitude
30.3989218
Longitude
-86.6029495
321 Bream Ave, Fort Walton Beach, Florida

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321 Bream Ave
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