Bought with Outside Area Selling Agent • PAR Outside Area Listing Office
$87,500
$98,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
994 SqFt
SOLD DATE : 05/15/2026
Key Details
Sold Price $87,500
Property Type Condo
Sub Type Condo
Listing Status Sold
Purchase Type For Sale
Square Footage 994 sqft
Price per Sqft $88
Subdivision Spanish Villas Condo
MLS Listing ID 674788
Sold Date 05/15/26
Style Traditional
Bedrooms 2
Full Baths 2
HOA Fees $638/ann
HOA Y/N Yes
Year Built 1978
Lot Size 4.810 Acres
Acres 4.81
Property Sub-Type Condo
Source Pensacola MLS
Property Description
Seller will consider Owner Financing! Fantastic opportunity to own your own home or invest in a rental property in the heart of Fort Walton Beach! This first-floor unit in Spanish Villas offers excellent potential with several key updates already completed. Features include wood-look tile flooring throughout, granite countertops in the kitchen, and a new HVAC system installed in 2020. The water heater was replaced in 2012. With a little remodeling and finishing touches, this unit can generate strong rental income—comparable units in Spanish Villas lease for approximately $1,500–$1,800 per month depending on upgrades and finishes. Many of the major improvements are already in place, making this a great option for investors looking to add value and maximize returns or buyers looking for an affordable and nice place to live. You'll love having a pool on site as well as tennis courts, a community room and BBQ Pit/grill. Plus new renovated community Laundry facility. Perfect location near shopping, dining, schools, and military bases. Not to mention only a couple of miles to the beautiful beaches. This unit also comes with assigned parking. SPECIAL INCENTIVE being offered!!! Ask your agent for the details.
Location
State FL
County Okaloosa
Zoning Res Multi
Rooms
Dining Room Breakfast Bar, Living/Dining Combo
Kitchen Updated, Granite Counters
Interior
Heating Central
Cooling Central Air
Flooring Tile
Appliance Electric Water Heater, Built In Microwave, Dishwasher
Exterior
Parking Features Guest, Parking Lot
Pool In Ground
Community Features Pool, Community Room, Tennis Court(s)
View Y/N No
Roof Type Flat
Garage No
Building
Lot Description Central Access
Faces North on Mary Esther Blvd, Turn Right onto Wright Pkwy, Then 2nd left after Marshall Ct sign. Marshall Ct is one way so take 2nd entrance and follow street to building 401. First floor, unit 1.
Story 1
Water Public
Structure Type Frame
New Construction No
Others
HOA Fee Include Association,Maintenance Grounds,Insurance,Trash,Water/Sewer
Tax ID 152S24187A04010010
Special Listing Condition As Is
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