Step into this one-of-a-kind condo at the Palm Court Yacht Club! This condo features a 2-bedroom, 2-bath condo with a separate studio apartment outfitted with a Murphy-bed, it's own kitchen, full bathroom, and balcony -- offering an extremely rare and versatile property for a diversity of investment opportunities, a perfect primary residence, or a mixture of both. Additionally, for boat lovers, this property includes a deeded deep water boat slip in a no wake zone equipped with electricity, fresh water, and a $19,000 boat lift, capable of handling boats up to 25,000 pounds, and 40-ft long.The units can be left separated, or easily connected with an interior lockout door, making it a 3-bedroom, 3-bath condo, or rent the studio separately from the existing 2-bedroom unit. Both units have potential usage as a primary residence, 2nd home, investment property, or a combination. Short term projected earnings are at $60,000 or more, ($25,000 annually for the studio, and $35,000-$40,000 projected for the 2-bedroom unit).
Both residences have been recently updated. The 2-bedroom, 2-bath unit boasts new flooring and new high-end Bosch appliances. The studio has been updated with new stainless-steel appliances, new flooring, light fixtures, modern blinds, and more living-room space!
Both condos come with their own private balconies, providing fantastic views and perfect spots to enjoy sunsets, fireworks, and the local boating scene. Located directly on the Intracoastal Waterway, this gated community also offers a heated waterfront pool, hot tub, grilling area, covered parking for owners, guest parking, and a dedicated storage unit. For beachgoers, Palm Court Yacht Club has a private boardwalk leading to the beach. Nearby popular restaurants such as The Gulf, AJ's Oyster Shanty, and Old Bay Steamer are within one block. Additionally, there is plenty of local shopping and entertainment on Okaloosa Island for all ages to enjoy with walking distance. Reach out today to schedule a private showing! Short Term Rental projections available upon request!
BAY, Intracoastal Waterway, Sound
Elevators, Pool, TV Cable Available, Dock, Dumpster, Gated Community, Marina, Separate Storage, Waterfront, Whirlpool, Short Term Rental - Allowed
Electric Available, Public Sewer Available, Public Water Available, TV Cable Available
BAY, Intracoastal Waterway, Sound
Floor Tile, Floor Vinyl, Lock Out, Newly Painted, Renovated, Window Treatmnt Some
Dishwasher, Microwave, Refrigerator W/Ice Maker, Smoke Detector, Stove/Oven Electric, Disposal
Siding Stucco, Block, Concrete, Foundation On Pilings
Subdivision :
DESTIN WEST PELICAN
MLS® # 950788
Subdivision :
Magnolia House Unit 312
MLS® # 966563
Subdivision :
MAINSAIL CONDO PH 1
MLS® # 966559
Subdivision :
TIKI BEACH CONDO
MLS® # 966539
Subdivision :
MAGNOLIA HOUSE
MLS® # 966518
Subdivision :
MAJESTIC SUN
MLS® # 966500
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, Copyright2025, All rights reserved.
Vendors Member Number : 28325
Listing information last updated on January 17th, 2025 at 2:15pm CST.
