1995 Devmor Court 5A
Fort Walton Beach, FL 32548
MLS#: 1002934
$254,900
Property
Beds
1
Full Baths
1
1/2 Baths
None
Year Built
2000
Sq.Footage
704
Presenting a prime investment opportunity at Sunset Cottages 5A, a ground-floor condominium situated on Okaloosa Island in the Florida Panhandle. Located just 150 feet from public beach access, this property offers a desirable coastal location within a low-density complex, ensuring a quiet environment and convenient access to the community pool. The interior features an efficient, open-concept floor plan that maximizes space and natural light across the living, dining, and kitchen areas. The primary bedroom is spacious and includes a private entrance. Additional accommodations include hallway bunk beds, and the unit is serviced by a bathroom accessible from both the bedroom and common areas. This turnkey property is being sold fully furnished and offers a demonstrated track record of strong rental performance. The unit generated $27,700 in gross rental income in 2024 and $32,568 in 2025. Performance for 2026 shows $11,536 in income realized through May 17, with an additional $20,000 already booked for the remainder of the year. With HOA fees under $800 per month, this condominium presents a compelling value proposition for investors seeking a high-performing, turnkey beach property.
Features & Amenities
Interior
-
Total Bedrooms
1
-
Bathrooms
1
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Other Exterior Features
Balcony, Outdoor Shower
-
Pool
Yes
-
Pool Features
In Ground, Community
Area & Lot
-
Property Type
Residential
-
Property Sub Type
Condominium
-
Architectural Style
N/A
Price
-
Sales Price
$254,900
-
Tax Amount
$3,381.01
-
Sq. Footage
704
-
Price/SqFt
$362
HOA
-
Association
YES
-
Association Fee
$768.52
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
Elliott Point
-
Middle School
Bruner
-
High School
Fort Walton Beach
Property Features
-
Stories
4
-
New Construction
NO
-
Foundation Details
Slab
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Location
County
Okaloosa
Elementary School
Elliott Point
Middle School
Bruner
High School
Fort Walton Beach
Listing Courtesy of Shawn A Dunne , Berkshire Hathaway Home Services PenFed Realty
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Partner
Stacey Petrucci
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