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480 Santa Rosa Boulevard, Fort Walton Beach 32548 (Active)

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Listing Information

Property Type: Commercial Sale
MLS #: 954584 Price: $35,000,000.00 Year Built: 1970
Square Feet: 20250 Bedrooms: Not available Bathrooms: Not available
HOA Fees: Not available Lot Size: 1.57 acres Lot Dimensions: Not available

Subdivision: Not available

Description:

Mar-a-Sol presents a once-in-a-market opportunity to acquire an irreplaceable Gulf-front site on Okaloosa Island, positioned just steps from the shoreline. Assets with this level of beach proximity are virtually nonexistent on the Emerald Coast and increasingly rare across Florida`s entire Gulf Coast, making this offering exceptionally difficult to replicate.The property currently consists of 69 units across two buildings and is 100% occupied, with the majority operating as long-term rentals, providing immediate, stable in-place income. The asset has benefited from thoughtful interior and exterior upgrades, allowing a buyer to maintain current operations while evaluating strategic alternatives.

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Features

Not available

Commercial Features

  
Income-Producing Year Built: 1970 Income-Producing Building Square Footage: 20250
Income-Producing Price/Square Foot: 1728.4 Income-Producing Property Type: Multi-FamilyMulti-Family Year Built: 1970 Multi-Family Building Square Footage: 20250 Multi-Family Number of Units: 69
Multi-Family Price/Square Foot: 1728.4 Multi-Family Vacancy Rate: 86

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This listing provided courtesy of Compass.
This information was last updated on 1/29/2026 1:04:42 AM.

All information in this listing is approximate. Buyers are expected to verify any specific information prior to signing any contract. Neither Brandon Jordan, ERA American Real Estate, ECAR, nor any other Realtor is liable for any inaccuracies herein.
All listings are provided courtesy of the Emerald Coast Association of Realtors, copyright 2026. All rights reserved.


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