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Welcome to an exceptional investment opportunity in the thriving multifamily sector--a 50-unit garden-style apartment community now available for sale. This meticulously maintained property is perfectly poised for the discerning investor seeking both stability and growth potential. Comprised of a diverse mix of units, the community offers 8 one-bedroom, 20 two-bedroom, 12 three-bedroom, and 10 four-bedroom apartments, catering to a wide range of tenants. With 42 of the units elegantly renovated since 2020, residents enjoy modern amenities and finishes, including composite flooring, fresh interior paint, and updated windows. Significant capital improvements have been made to ensure long-term durability and reduced maintenance costs, such as all-new metal roofs and substantial replacements of HVAC systems and hot water heaters. The property also boasts new breaker panels and exterior electric panels, further enhancing its modern appeal and efficiency. Achieving a remarkable 95% occupancy rate, this community is a proven performer in the rental market. Additionally, a $4.57 million fixed-rate, 3.75% assumable non-recourse financing offers a competitive edge, making this an even more attractive investment. Don't miss the chance to acquire a multifamily asset with significant improvements, strong occupancy, and favorable financingan ideal addition to any real estate portfolio.
#972562

Panama City

3510 St John Street

None Beds

None Baths

N/A

$6,750,000

MLS#: 972562

SELLERS SAY BRING ALL OFFERS!! Home just Professionally Painted, Width of Home Decking like new with completion of all repairs needed AND located in the Highly Desired and Gated Neighborhood of Parkwood Estates within Bluewater Bay, with just a short walk to ''A Rating'' 10/10 Bluewater Elementary on GreatSchool.org and rated #2 Best Public Elementary School in Okaloosa County on Niche.com! Home is on a Large Oversized Quarter Acre Lot with Mature Trees that backs up to Rocky Bayou State Park, NO Rear Neighbors. Home Lives LARGE, with 4 Bedrooms, Flex Space, 2 Oversized Living Areas, Oversized Garage, Oversized Driveway, Large Partially Covered Deck with Covered Storage and Larger Backyard. Hardie Board Exterior with Picket Fence Front Porch. This 4 Bedroom 2.5 Bath sits Large with a Flex Space that could an Office, 2 Large Living Areas, Oversized Garage, Oversized Driveway, Large Deck all on a Quarter Acre Lot backing up to Rocky Bayou State Park (No Rear Neighbors) in the Highly Desirable Parkwood Estates located behind Bluewater Elementary. Upstairs could be used for Multi-Generational Family as it is around 1000sqft with around 1800sqft downstairs. Garage is also incredibly oversized as it is the Entire Depth of home just under 750sqft. Larger wide, deep Driveway. Large partially Covered Deck attached to back of home that is almost the entire width of home with Covered Storage Area underneath. Backyard is also larger and backs up to State Park. Property lot size is a Quarter Acre.  Renovations and updates include HVACS, HWH and Roof all being Newer with Brand New Garage Door and Garage Door Opener installed, Brand New consistent throughout Downstairs Flooring, Kitchen Quartz Countertops, New Irrigation Pump, Professionally Painted, Width of Home Decking like new with completion of all repairs needed.

Downstairs includes Brand New Flooring throughout all 3 bedrooms including Master Suite, 2 Full Baths, Larger Living Area, Dining Area and Kitchen with Brand New Quartz Countertops! Upstairs includes Flex Space with a whole wall of Closet Space that could be an Office and Larger Bedroom with Larger Second Living Area and Half Bath. Ceiling Fans in All Rooms with Downstairs and Upstairs Living Areas Brand New w/remotes. 

Garage is also incredibly Oversized as it is the entire depth of home around 750sqft. with space for Parking and Workshop. Oversized Driveway with plenty of room for 4 full-size SUVS/Trucks. Large Back Covered/Uncovered Deck attached with access from the 2 sets of French Doors (Living Area and Kitchen) plus Garage that is almost the entire width of home. 

X Flood Zone. HVACS, HWH and Roof with Architectural Shingles are all newer with Brand New Garage Door and Garage Door Opener, Downstairs Flooring, Kitchen Quartz Countertops. Deck is Composite Trex Decking with Covered Area off the Back Porch. Covered Storage under Deck. The Sprinkler Irrigation System was replaced a few years ago with Irrigation Pump replaced last year. The pipes were flushed and cleaned out for kitchen and garage couple of years ago. Smoke Detectors are Newer OneLink installed downstairs and upstairs (All connected if one goes off, All will trigger for Safety). Toilet in Master Bath is LoFlow and Toilet in Hallway Bath and Upstairs are Dual Flush. 

Bluewater Bay is located within 10-30 mins to many local areas including Eglin AFB, Duke Field, Hurlburt Field, Destin, Fort Walton Beach, Okaloosa Island. Just a short drive to the Beach to enjoy some Fun in the Sun!

*Buyer to verify all dimensions, assessment fees, and any detail deemed important.*
#972584

Niceville

1680 Parkside Circle

4 Beds

2 Baths

2,763 Sq.Ft.

$589,000

MLS#: 972584

The Lauderdale II by Valor Communities is the home you've been waiting to call your own! With your primary bedroom and huge walk-in closet on the first floor, you'll have all the space you need. Enjoy cozy Florida nights in front of your modern, LED fireplace or on  your covered porch area. Our Vaulted ceilings ensure your new home feels open and welcoming. With quartz, luxury vinyl flooring, and hardiboard exterior already included in our features, you'll be impressed at what this home has to offer! Three bedrooms are on the main floor with a large bedroom and bath upstairs. Home is DIRECTLY across from the  beautiful park space with walking trails and a gorgeous spring fed lake is nearby.
#972554

Freeport

90 Parkside Street

4 Beds

3 Baths

2,142 Sq.Ft.

$363,130

MLS#: 972554

Charming 4-Bedroom Home in the Gated Community of Parkwood Estates in Bluewater Bay! Welcome to 1615 Myrtlewood Lane, a beautifully maintained 4-bedroom, 2-bathroom home nestled in the prestigious, gated community of Parkwood Estates. This stunning residence offers 2,108 sq. ft. of thoughtfully renovated living space, blending elegance with everyday comfort. Step inside to find an inviting open-concept layout, a cathedral ceiling living area, new luxury vinyl plank floors throughout, renovated kitchen with stainless steel appliances and granite countertops, and a spacious living room with a cozy fireplace. The primary suite is a private retreat, complete with a walk-in closet and spa-like ensuite bathroom.  Outside, enjoy a spacious backyard with a large, paver patio with a built-in fire pit; perfect for relaxing or entertaining. Additional highlights include a fully remodeled floor plan, a heated and cooled lanai overlooking the privacy-fenced backyard, and a wonderful green space behind the home that has a playground. Residents of Parkwood Estates enjoy a private entrance to top-rated Bluewater Bay Elementary School (literally a 2-minute walk from this home) all while being conveniently located near the beautiful beaches of Destin (15 min), top-rated schools (MS/HS 12 min), Eglin AFB, Hurlburt AFB, and Duke Field. In addition, shopping/restaurants are a short bike-ride or walk away!  
Bluewater Bay offers 3 pools, golf, marina, tennis and pickleball courts (additional memberships required). 
New roof and HVAC 2019, hot water heater and blinds 2022. New sod in front yard and brand-new sprinkler system pump.  The home has a current termite bond with a bait system that covers treatment and repairs. 2.25% Fixed VA qualifying assumable loan for VA buyers estimated balance $205,650.
#972548

Niceville

1615 Myrtlewood Lane

4 Beds

2 Baths

2,108 Sq.Ft.

$549,000

MLS#: 972548

Lovely, Spacious, and Private! 'Treehouse' on Cinco Bayou. Surrounded by trees and views of the water. Very open floorplan with high ceilings and lots of natural light. Access to private dock. This is a stand-alone apartment on the top floor over a detached garage (not included). Landlord pays for water, sewer, and trash. Can be rented furnished or unfurnished. Must have great credit and definitely no smoking.
#972589

Fort Walton Beach

612 Pelham Road

1 Beds

1 Baths

968 Sq.Ft.

$1,700

MLS#: 972589

$15,000 credit at closing to buy down rate, use toward closing costs or anyway you want. This 3-bedroom, 2-bathroom home offers 1,355 sqft of thoughtfully designed living space. Every detail has been carefully considered to provide both style and functionality, with numerous upgrades throughout. This is not your average spec home. Enjoy added luxury with a bidet outlet in the master bathroom, double vanity, and modern finishes. This home is entertainment Ready: Prewired for a wall-hung TV and potential fireplace setup. Interior features beautiful Shaker cabinets, sleek granite countertops, and durable LVP flooring throughout. And don't forget the Practical Touches: A convenient mudroom and plenty of storage space enhance the home's functionality and comfort.
#977674

Crestview

4618 Eagle Way

3 Beds

2 Baths

1,355 Sq.Ft.

$273,900

MLS#: 977674

Don't miss out on this 3-bedroom, 2-bathroom home offers 1,329 sqft of thoughtfully designed living space. Every detail has been carefully considered to provide both style and functionality, with numerous upgrades throughout. This is not your average spec home. Enjoy added luxury with a bidet outlet in the master bathroom, double vanity, and modern finishes. This home is entertainment Ready: Prewired for a wall-hung TV and potential fireplace setup. Interior features beautiful Shaker cabinets, sleek granite countertops, and durable LVP flooring throughout. With quality construction and personalized design, this semicutom home is sure to impress.
#977671

Crestview

4620 Eagle Way

3 Beds

2 Baths

1,329 Sq.Ft.

$259,900

MLS#: 977671

ASK FOR THE RENTAL POTENTIAL! BRING AN OFFER! This beautiful ground-floor beachfront condo in Crystal Sands offers the perfect combination of prime location, accessibility, and investment potential in Destin, Florida. Situated directly on the beach, this condo provides unobstructed views, with soft sand just steps from your door. Its ground-floor position makes it not only handicap accessible but also incredibly convenient for families with kids and pet owners, offering easy access to the beach and the shared amenities. With high rental demand in one of the most sought-after vacation destinations, this property presents an excellent cash flow opportunity for investors looking to capitalize on the strong short-term rental market. For second-home buyers, it offers the ideal beach retreatrelaxing, convenient, and perfect for creating unforgettable memories. Whether you're looking to generate rental income or enjoy your own slice of paradise, this beachfront condo at Crystal Sands is a must-see!
#972685

Destin

3184 Scenic Highway 98 UNIT 110

1 Beds

1 Baths

806 Sq.Ft.

$739,000

MLS#: 972685

Indian Lake condominiums are located in the heart of Destin and just minutes to everything this resort town offers. This 2 bedroom/ 2 bath unit is in a great community that has a pool, gym and community room. Plenty of parking for your car & boat. Situated directly across the street from Morgan's Sports Center, Destin's premier recreational complex featuring sporting fields, jogging tracks, sand volleyball courts, and a playground. The Destin Dog Park is right across the street as well, and the Henderson State Park is just a bike ride away as well as the beach access by The Back Porch Restaurant. This unit will make for the perfect primary residence, second home, or investment property for both short or long term rentals.
#972616

Destin

4090 Dancing Cloud Court 261

2 Beds

2 Baths

1,013 Sq.Ft.

$209,000

MLS#: 972616

BRAND NEW home ready for you to make it yours! Centrally located to all things Crestview -this large flat property is ideal for you! 2 living spaces, beautiful master bathroom with tile shower and walk-in closet in the Master Bedroom, 3 additional bedrooms split off the of second family room! The kitchen island adds style and who doesn't love the window over the kitchen sink! Plenty of space for you to spread out- schedule your showing today!
#972576

Crestview

910 N Lloyd Street

4 Beds

2 Baths

1,620 Sq.Ft.

$259,900

MLS#: 972576

Garden City Park- over HALF ACRE homesitesFull brick exterior Locating in the county so no high city taxes Homeowners Insurance quoted at less than $800 a yearAll of the following included for FREEFree LVP upgrade- No Carpet anywhereFree Quartz Countertop UpgradeFree 70 inch TV if you close in August$1 Move in Options available for most VA buyersSeller is offering over TWENTY THOUSAND DOLLARS towards closing. Upgraded Lighting Package and Ceiling Fans in all bedrooms. Luxury Vinyl Plank throughout and NO CARPET. A gorgeous light and bright palette of white and light gray/rustic flooring. The kitchen features an oversized island, stainless steel appliances. Master Bathroom has double vanities, garden tub and separate shower.
#972551

Crestview

3202 Liz Court

4 Beds

2 Baths

1,603 Sq.Ft.

$314,750

MLS#: 972551

Easy commute to Hurlburt AFB, this home features vaulted ceilings, loft, flex space for a home office or 5th bedroom.  Large bedrooms, Florida room and many upgrades.  Renovated kitchen, stainless-steel appliance suite, newer carpeting, and fresh paint.  Large backyard and perfect for entertaining and grilling on the paver stone back patio.  Privacy fenced back yard, 2 car garage and 5 minutes form the base.  Eat in kitchen as well as a formal dining room.  Open concept living room with the master bedroom on the 1st floor.  Cozy fireplace with custom accents for Florida winters.  No inside smoking or vaping.  Lawn care included in rental rate.  Pets allowed with a $400 non-refundable pet fee.  Neutral paint and so much more.
#972594

Mary Esther

5 Neptune Drive

4 Beds

3 Baths

2,516 Sq.Ft.

$2,795

MLS#: 972594

1 BR DUPLEX LOCATED IN A QUAINT COTTAGE LIKE SETTING. VERY QUIET AND SHADED. NO PETS ALLOWED. CONVENIENT TO HURLBURT AS WELL AS MANY OTHER AREAS IN FWB.. 1 Vehicle allowed per unit.  . Water Sewer & Garbage & Pest Control included with the rent. Please call our office number for info or to make an appointment.  We do not make appointments over email There are no laundry facilities on site or in unit, there is no dishwasher. Tenants do not have access to the sound ( body of water) behind the main house. Nothing can be stored outside of the unit. Listing office agent to accompany all showings
#972560

Mary Esther

551 US-98 5

1 Beds

1 Baths

550 Sq.Ft.

$1,150

MLS#: 972560

Introducing a charming 2 bedroom, 2 bathroom home in the desirable Mary Esther, FL area. This renovated home features new laminate flooring throughout the main living areas and carpeted bedrooms. The kitchen features stainless steel appliances and the master bedroom with ensuite bathroom offers a walk in closet with plenty of space. The property boasts a large fenced-in backyard, perfect for outdoor entertaining or simply enjoying some fresh air. In addition, there is a additional fenced in parking pad for convenience. Don't miss out on the opportunity to make this cozy house your new home. Contact us today to schedule a viewing! NO smoking. 600 minimum FICO credit score required in addition to meeting rental criteria. Pets allowed upon approval with a non-refundable pet fee.

All applicants are required to complete an application on https://onefamilypropertyservices.petscreening.com/ regardless of if they own a pet or not. Applicants with an ESA are also required to complete the application.

** Fees Required once an application is approved include, but may not be limited to: Security Deposit, Non-Refundable Fees (cleaning and rekey), $20 Certified Mail Fee, and Pet Fees (when applicable).
#973062

Mary Esther

505 Cypress Street

2 Beds

2 Baths

1,050 Sq.Ft.

$1,650

MLS#: 973062

Beautifully updated second floor Condo on Okaloosa Island. Unit was fully remodeled down to the studs. Everything brand new, appliances, cabinets, lighting, flooring, bath fixtures, windows, ac and heat, hotwater heater + much more. Walking distance to Dolphin Beach Access 1 on the Gulf Side via a boardwalk or take the same Boardwalk in the opposite direction to the Bayside. (Santa Rosa Sound). No need to drive to take your paddle board or surfboard, just walk to the beach with your board. Plenty of restaurants and shopping just a few minutes walking distance or a short drive (or walk) to the Boardwalk, Gulfarium & Wild Willy's Adventure Zone. Unit originally a 2-bedroom, owner converted one of the bedrooms to extra living room area. Only one parking space. Washer&Dryer Incl. New roof 202
#972566

Fort Walton Beach

315 Bream Avenue UNIT 207

1 Beds

1 Baths

750 Sq.Ft.

$1,600

MLS#: 972566

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.
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