1 Bayou Drive Fort Walton Beach, FL
$ 1,800,000
Property Attributes
  • MLS#865070
  • TypeCommercial
  • CountyOKALOOSA
  • CityFort Walton Beach
  • AreaFort Walton Beach
  • Zip32547
  • StyleMulti-Family
  • Price$ 1,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
A List Beach Realty Llc
Data Source:
Emerald Coast MLS (ECAR) - 42 - FL
Property Description

PRICE ADJUSTMENT due to significant rental income increase. Very Rare, 6 unit remodeled & updated apartment building on the water with boat access. No HOA fees. Located at the end of a quiet street close to shopping, bases & hospitals. operating as, 1 bedroom, 1 bath rental units for extended stay military and healthcare professionals or anyone else that desires the style of 1 Bayou over a hotel. Individual units are also available to vacation renters. Small boats with low draft like pontoons or bay boats are able to access the canal. combined the units currently bring in near 18K + per month in gross rent. Annual Gross income is over 200K and expenses as currently operated with owner managing are close to 39K per year

Price History
2/22/2021 Listed $1,550,000

General Features

Area 12 - Fort Walton Beach
As Is Yes
Sub Area 1206 - Ocean City
Waterfront Bayou

Exterior Features

Waterfront: Waterfront Feet 186


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 32547

AVG $770K
AVG 105
AVG 49
Data Provided by Walkscore ® not using MLS data

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