Welcome to Hermitage Condo #307, a stunning top-floor, corner unit offering 360-degree water views and exceptional rental potential. Located on Choctawhatchee Bay, directly across from Okaloosa Islands sugar-white sand beaches and just steps from the Boardwalk, this fully furnished 2-bedroom, 2-bathroom condo provides the perfect blend of coastal living and investment opportunity. With Gulf views from the front and Bay views from the back, enjoy breathtaking sunrises and sunsets year-round. This condo has proven to be a highly profitable investment. In its first year of rentals (2020), it grossed over $43, 000, despite the challenges of COVID-19. Self-managed, youll enjoy the full benefit of the rental income without the need to pay high management fees, making it a highly profitable option for buyers looking for a hassle-free, income-generating property. --- Recently renovated, the condo features shiplap ceilings, quartz countertops, stainless steel appliances, and waterproof LVP flooring throughout. The primary suite includes an ensuite bath, while the second bedroom offers a queen-over-queen bunk bed, perfect for families. Updates include a new HVAC system (2023), water heater (2021), washer/dryer (2020), ensuring comfort and energy efficiency. --- The complex offers a waterfront pool, BBQ area, and a private dock on Choctawhatchee Bay, ideal for fishing, boating, and water sports. The Gulf of Mexicos sandy beaches are just across the street, and boat slips are available separately for easy access to Crab Island and nearby islands. Walk to the Okaloosa Island Boardwalk, with shops, dining, and the Okaloosa Island Pier. Destin, with its attractions and shopping, is only a short drive away --- Whether you seek a vacation home or a self-funding rental, this condo offers both. Dont miss the chance to own this turnkey property with proven success and stunning views. Schedule your showing today and start living the coastal lifestyle in Fort Walton Beach!
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 9.3 x 13.4
- Primary Bedroom Sqft: 124
- Primary Bedroom Level: Third
- Primary Bedroom Features: Ceiling Fan(s)
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- Baseboards
- Ceiling Fan(s)
- Recessed Lighting
- Window Features: Blinds
Appliances
- Electric Water Heater
- Dryer
- Washer
- Built In Microwave
- Dishwasher
- Freezer
- Refrigerator
- Self Cleaning Oven
- Laundry Features: Inside, W/D Hookups
Heating and Cooling
- Cooling Features: Central Air, Ceiling Fan(s)
- Heating Features: Central
- Heating: Yes
Kitchen and Dining
- Dining Room Features: Eat-in Kitchen
- Kitchen Dimensions: 13.3 x 6.5
- Kitchen Features: Updated, Pantry
- Kitchen Level: Third
- Kitchen Sqft: 86
Other Rooms
- Living Room Dimensions: 13.4 x 14.9
- Living Room Sqft: 200
- Living Room Level: Third
Exterior and Lot Features
- Balcony
- Dock
- Boat Slip
- Frontage Length: Water Frontage(201)
- Road Responsibility: County Maintained Road
Pool and Spa
- Pool Features: Gunite, In Ground
Waterfront and Water Access
- Bay
- Intracoastal Waterway
- Sound
- Waterfront
- Beach Access
- Pier
Land Info
- Lot Description: Central Access
- Lot Size Acres: 1.56
- Lot Size Square Feet: 67954
Garage and Parking
- Parking Features: 1 Space/Unit, Parking Lot, RV/Boat Parking
Home Features
- View: Bay, Gulf, Sound, Water
Homeowners Association
- Association: Yes
- Association Fee: 11940
- Association Fee Frequency: Annually
- Association Fee Includes: Association, Maintenance Grounds, Insurance, Maintenance, Trash, Water/Sewer
- Calculated Total Monthly Association Fees: 995
- Pets Allowed: Yes
School Information
- Elementary School: Local School In County
- High School: Local School In County
- Middle School: Local School In County
Rental Info
- Leasable Area Units: Square Feet
Amenities and Community Features
- Community Features: Pool, Dock, Fishing, Marina, Picnic Area, Pier, Sidewalks, Waterfront Deed Access
Other Property Info
- Source Listing Status: Active
- County: Okaloosa
- Directions: From Hwy 98 traveling east towards Destin, turn left just after Destin West and before the Elks Lodge.
- List Price Low: 359111
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: Okaloosa Island
- Parcel Number: 002S24048100003070
- Subdivision: Okaloosa Island
- Zoning Description: Res Multi
- Property Subtype: Condo
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 750
- Year Built: 1983
- Building Area Total: 750
- Building Area Units: Square Feet
- Building Name: Hermitage Condominium
- Construction Materials: Frame
- Foundation Details: Pillar/Post/Pier
- Levels: Three Or More
- Living Area Units: Square Feet
- Property Age: 41
- Property Condition: Resale
- Roof: Metal
- House Style: Contemporary, Cottage
Utilities
- Electric: Circuit Breakers, Copper Wiring
- Sewer: Public Sewer
- Water Source: Public