862 Scallop Ct Unit 108, FORT WALTON BEACH

$435,000

1 Beds
2 Baths
727 Sqft
0 Acres
0 Garages

BEACHFRONT INVESTMENT PROPERTY! Introducing 862 Scallop Ct, Unit 108 - a prime investment opportunity nestled on the 1st floor of Island Sands Condominiums, Fort Walton Beach, FL. This beachfront 1BD/1.5BA, 727 sq ft, condo that sleeps 6 promises a profitable investment at $40k+ projected in gross rental income & $8500 already booked in 2024.Immerse yourself in contemporary coastal living just steps from the sugar sand beaches along The Emerald Coast. With direct beach access from your back deck, this condo offers a seamless blend of convenience & tranquility. Enjoy the perks of your own reserved parking space at the front door to unload the car with ease, a community pool, BBQ/Grill Area & bike rack, enhancing its appeal to potential renters.Recently remodeled in February 2023, this condo presents a fresh canvas for prospective buyers/investors. The renovation includes new paint & popcorn ceiling removal throughout, new kitchen appliances, including new washer/dryer. The kitchen boasts new quartz countertops, sink, & faucet, complemented by updated lighting and ceiling fans.

New HVAC system (6/2023), sleeper sofas (2022), new bed with frame (2021) as well as new toilets in both bathrooms, this plug & play condo is poised for maximum rental appeal. Additional touches, such as updated vinyl plank flooring in the main bedroom (2021) and tile throughout, elevate the overall aesthetic.

This property isn't just an investment; it's a strategic opportunity into the sought-after beachfront rental market. The allure of Okaloosa Island and the charm of this remodeled condo make it an enticing 2nd home at the beach and/or an investor seeking a rental income property. This gem generates approximately $40k+ in gross rental income annually and $8500 already on the books for 2024. Schedule a tour today and discover the potential of this newly renovated beachfront gem.

Located directly on the turquoise waters of the Gulf of Mexico along The Emerald Coast, Island Sands Condominiums in Fort Walton Beach offer a peaceful retreat that has everything you want in a home or investment at the beach! Island Sands on Okaloosa Island is literally steps from the soft, sugar sand beachfront, from patio to beach in seconds. Island Sands amenities include: Community Pool / Community Grills / Beach Chair Service (available for rent) / Beach Walkway & Deeded Access / Gulf front / Outdoor showers.

Favorite nearby restaurants are Stewbys, AJ's, Old Bay Steamer, The Gulf, Anglers & The Boardwalk are all within a quick drive & offer a variety of dining options, nightlife & even a marine theme park where you can catch a dolphin show. Adjacent to Grocery, Athletic Clubs, Shopping & other attractions within the Fort Walton Beach area!

All dimensions and information to be verified by the buyer.

Essential Information
MLS® #937666
Price$435,000
Bedrooms1
Bathrooms2.00
Full Baths1
Half Baths1
Square Footage727
Acres0.00
Year Built1983
TypeResidential
Sub-TypeCondominiums
StyleN/A
StatusActive
WaterfrontGULF
Last Taxes3156.61
Last Tax Year2023
Community Information
Address862 Scallop Ct Unit 108
AreaFort Walton Beach
SubdivisionISLAND SANDS CONDO
CityFORT WALTON BEACH
CountyOKALOOSA
StateFL
Zip Code32548
Amenities
Is WaterfrontYes
WaterfrontGULF
Has PoolYes
PoolCommunity, Private
Amenities

Pool, BBQ Pit/Grill, Beach, Deed Access, Dumpster, Picnic Area, TV Cable Available, Waterfront, Pets Allowed, Short Term Rental - Allowed

Utilities

Electric Available, Public Sewer Available, Public Water Available, TV Cable Available

Interior
HeatingHeat: Central Electric
Interior Features

Floor Vinyl, Kitchen Island, Renovated, Washer/Dryer Hookup, Breakfast Bar, Floor Tile, Furnished - All, Lighting Track, Newly Painted, Owner's Closet, Window Treatment All

Appliances

Dishwasher, Dryer, Microwave, Washer, Oven:Self Cleaning, Refrigerator, Stove/Oven Electric

Cooling

A/C: Central Electric, Ceiling Fans

Exterior
Exterior FeaturesPatio Covered, BBQ Pit/Grill
WindowsDouble Paned Windows
RoofRoof Metal, Roof Pitched
FoundationFoundation Slab On Grade
Exterior

Foundation Slab On Grade, Roof Metal, Roof Pitched, Siding Wood, Trim Wood

School Information
ElementaryEDWINS
MiddleBRUNER
HighFORT WALTON BEACH
Additional Information
Days on Website150
HOA Fees1060.62
HOA Fees Freq.Monthly
Property History
Price Reduced from $445,000 to $435,000
Price Reduced from $455,000 to $445,000
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DISCLAIMER: Information Deemed Reliable but not guaranteed. The 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.
Listing Courtesy Of LPT Realty LLC. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2024, All rights reserved.
Vendors Member Number : 28325

Listing information last updated on May 2nd, 2024 at 9:45pm CDT.

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