1150 Santa Rosa Boulevard 414, Fort Walton Beach, FL 32548 (MLS# 998315)

Supplements: BUILDING RENOVATION COMPLETE! FULL COMPARABLE ANALYSIS -- AZURE, 1,513 SF / 3BR-3BA FLOOR PLAN Only four units in the building share this exact floor plan. Here is where this listing sits against the others: Unit Status Price $/SF Notes 307 Sold $1,000,000 $660.94 Closed Jan 2026, 101 DOM 610 Sold $1,075,000 $710.51 Closed Jan 2026, 53 DOM 11 ... (Read more) BUILDING RENOVATION COMPLETE! FULL COMPARABLE ANALYSIS -- AZURE, 1,513 SF / 3BR-3BA FLOOR PLAN Only four units in the building share this exact floor plan. Here is where this listing sits against the others: Unit Status Price $/SF Notes 307 Sold $1,000,000 $660.94 Closed Jan 2026, 101 DOM 610 Sold $1,075,000 $710.51 Closed Jan 2026, 53 DOM 113 Active $1,095,000 $723.73 Priced above subject 305 Active $1,100,000 $727.03 Priced above subject CLOSED SALES (this floor plan): - Unit 307 -- sold $1,000,000 ($660.94/SF) -- closed January 2026, 101 days on market - Unit 610 -- sold $1,075,000 ($710.51/SF) -- closed January 2026, 53 days on market ACTIVE LISTINGS (this floor plan): - Unit 113 -- listed $1,095,000 ($723.73/SF) - Unit 305 -- listed $1,100,000 ($727.03/SF) - Unit 214 -- listed $1,060,000 - Unit 414 (this listing) -- listed $1,025,000 ($677/SF) MARKET TIMING CONTEXT: Both recent Azure sales on this floor plan went under contract within days of each other in December 2025 -- a pattern consistent with holiday-season visitors converting into buyers. Showing volume in Azure and the surrounding Gulf-front buildings slows through the peak rental season (spring and summer), then picks back up as the building empties out heading into fall. Consistent with that pattern, another Azure residence went under contract this month (July 2026) after a longer stretch on the market -- an early signal that buyer activity in the building is returning as the summer rental season winds down. RENTAL INCOME HISTORY (verified actuals, four years): - 2023: $70,000 - 2024: $75,000 - 2025: $60,000 (property management transition year) - 2026: year-to-date through July 1, plus July and August currently on the books A full cost-to-own analysis with cap rate detail is available on request -- built entirely on these actuals, not third-party rental estimates. FEATURES: Private owner's closet inside the unit; dedicated storage room down the hall; primary suite with garden tub, walk-in closet, and private balcony access; recently updated living room seating. 4K Matterport virtual tour and floor plan available.