Description
Welcome to HERMITAGE CONDOMINIUM on Okaloosa Island in Fort Walton Beach where you're surrounded by both the bay & the beach! This fully renovated, 2nd floor condo features 1 very large BR, 1BA, a bunk room with custom narrow twin beds, a laundry room, & a balcony overlooking the pool & bay! It can sleep 6 comfortably! It's been a short term rental since September of 2021 & grossed $44,035.43 for 2022! (Sellers self maintained bookings & cleanings!) A local's favorite beach, John Beasley Park, is right across Hwy 98 from this condo! Great news - VA loans are acceptable here! The HOA covers water, sewer, trash, internet, cable, grounds keeping, community pool (w/ bathrooms), 2 outdoor grills, 2 picnic tables, & access to the bay!This condo was fully renovated & turned into a 1/1 with bunk room in 2014. It was originally a 2BR/2BA unit. Sellers removed carpet in master bedroom and replaced it with LVP flooring in 2021. Ages of items: 2014 refrigerator, 2021 dishwasher, 2022 oven/stove, 2017 HVAC, 2020 washer/dryer combo, 2022 sliding door, 2014 tile, & water heater - unknown. This condo is a short term rental on Airbnb. The sellers self-manage bookings on Airbnb & self-clean. Sellers have grossed $42,000 & netted $25,000 for 2022 (after taxes & cost to own). Cost to own for sellers (mortgage, hoa, Airbnb fees, & electric bill) is $18,000/yr. The seller's electric bill averages $115 per month. A boat slip does not come with this unit.
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1BEDS
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N/AACRES
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1BATHS
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01/2 BATHS
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750SQFT
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$433$/SQFT
School Information
Description
Welcome to HERMITAGE CONDOMINIUM on Okaloosa Island in Fort Walton Beach where you're surrounded by both the bay & the beach! This fully renovated, 2nd floor condo features 1 very large BR, 1BA, a bunk room with custom narrow twin beds, a laundry room, & a balcony overlooking the pool & bay! It can sleep 6 comfortably! It's been a short term rental since September of 2021 & grossed $44,035.43 for 2022! (Sellers self maintained bookings & cleanings!) A local's favorite beach, John Beasley Park, is right across Hwy 98 from this condo! Great news - VA loans are acceptable here! The HOA covers water, sewer, trash, internet, cable, grounds keeping, community pool (w/ bathrooms), 2 outdoor grills, 2 picnic tables, & access to the bay!This condo was fully renovated & turned into a 1/1 with bunk room in 2014. It was originally a 2BR/2BA unit. Sellers removed carpet in master bedroom and replaced it with LVP flooring in 2021. Ages of items: 2014 refrigerator, 2021 dishwasher, 2022 oven/stove, 2017 HVAC, 2020 washer/dryer combo, 2022 sliding door, 2014 tile, & water heater - unknown. This condo is a short term rental on Airbnb. The sellers self-manage bookings on Airbnb & self-clean. Sellers have grossed $42,000 & netted $25,000 for 2022 (after taxes & cost to own). Cost to own for sellers (mortgage, hoa, Airbnb fees, & electric bill) is $18,000/yr. The seller's electric bill averages $115 per month. A boat slip does not come with this unit.
© 2023 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Briar Patch Realty. Vendor Member number: 28178. Data last updated: 2023-02-07T16:00:01.41.
Vendor Member #28178.