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321 Bream Avenue

Fort Walton Beach, FL 32548

3 beds
3 baths
1,845 sqft
$311 per sqft
1999 build
– on site

Step into this one-of-a-kind condo at the Palm Court Yacht Club! This condo features a 2-bedroom, 2-bath condo with a separate studio apartment outfitted with a Murphy-bed, it's own kitchen, full bathroom, and balcony — offering an extremely rare and versatile property for a diversity of investment opportunities, a perfect primary residence, or a mixture of both. Additionally, for boat lovers, this property includes a deeded deep water boat slip in a no wake zone equipped with electricity, fresh water, and a $19,000 boat lift, capable of handling boats up to 25,000 pounds, and 40-ft long. The units can be left separated, or easily connected with an interior lockout door, making it a 3-bedroom, 3-bath condo, or rent the studio separately from the existing 2-bedroom unit. Both units have the potential as a primary residence, short-term rental, or long-term rental. Short term projected earnings of $25,000 annually for the studio, and $35,000 projected for the 2-bedroom unit, for a combined total of $60,000 in potential projected rental revenue. As a long-term rental, both units currently have leases in place bringing in $4,000/month ($48,000/year) combined. Leases are transferable to a new buyer for instant cash flow or either one or both leases can be cancelled with notice. Both residences have been recently updated. The 2-bedroom, 2-bath unit boasts new flooring and new high-end Bosch appliances. The studio has been updated with new stainless-steel appliances, new flooring, light fixtures, modern blinds, and more living-room space! Both condos come with their own private balconies, providing fantastic views and perfect spots to enjoy sunsets, fireworks, and the local boating scene. Located directly on the Intracoastal Waterway, this gated community also offers a heated waterfront pool, hot tub, grilling area, covered parking for owners, guest parking, and a dedicated storage unit. For beachgoers, Palm Court Yacht Club has a private boardwalk leading to the beach. Nearby popular restaurants such as The Gulf, AJ's Oyster Shanty, and Old Bay Steamer are within one block. Additionally, there is plenty of local shopping and entertainment on Okaloosa Island for all ages to enjoy with walking distance. Reach out today to schedule a private showing!

Listing courtesy of ECARMLS / LPT Realty LLC

Last checked: Checking… • Last updated Oct 31, 2024 •

MLS# 962141 —

The Building

Year Built:

1999
Architectural Style:

N/A
Direction Faces:

None
Construction Materials:

Concrete, Block, Foundation On Piling, Stucco
Foundation Details:

None
Basement:

None
Exterior Features:

Boat Slip, Boatlift, Dock
Patio And Porch Features:

None
Accessibility Features:

None
Security Features:

None
Levels:

None
Stories Total:

6
Building Area Total:

1845.0
# of Buildings:

56
Building Area Source:

Building Plan

Interior

Rooms Total:

7
Interior Features:

Floor Tile, Floor Vinyl, Lock Out, Newly Painted, Renovated, Window Treatmnt Some
Flooring:

None
Fireplace:

No
Fireplaces Total:

None
Fireplace Features:

None
Laundry Features:

None

Room Dimensions

Living Area:

None
Living Area Units:

None
Living Area Source:

None

Location

Directions:

From Highway 98, head onto South on Santa Rosa Blvd. Turn right onto Bluefish Dr., then turn right onto Bream Avenue. Follow Bream Avenue to the end, and PCYC directly ahead. Veer right, and enter through the gate to guest parking. Unit 312 A/B is on the 3rd floor.

The Property

Parcel Number:

00-2S-24-1917-0000-0312
Property Type:

Residential
Property Subtype:

Condominium
Property Condition:

Construction Complete
Property Attached:

None
Lot Size Units:

Acres
Possible Use:

None
Topography:

None
View:

Bay
Waterfront:

true
Waterfront Features:

Intracoastal Wtrwy, Bay, Sound
Water Body Name:

None

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

5398.9
Tax Legal Description:

PALM COURT YACHT CLUB CONDO UNIT 312

Beds

Bedrooms Total:

3

Baths

Total Baths:

3.0
Total Baths:

3
Full Baths:

3
Partial Baths:

None
Bathrooms Three Quarter:

None
Quarter Baths:

None

The Listing

Virtual Tour URL Branded:

None
Home Warranty:

No

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electric, Public Sewer, Public Water, TV Cable
Electric:

None
Sewer:

None

Appliances

Appliances:

Dishwasher, Disposal, Microwave, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric

Schools

Elementary School:

Mary Esther
Middle Or Junior School:

Bruner
High School:

Fort Walton Beach
Elementary School District:

None
Middle Or Junior School District:

None

The Community

Subdivision Name:

PALM COURT YACHT CLUB
Senior Community:

No
Community Features:

Dock, Dumpster, Elevators, Gated Community, Marina, Pool, Separate Storage, TV Cable, Waterfront, Whirlpool
Pool Private:

None
Pool Features:

Pool Type
Spa Features:

None
Pets Allowed:

None
Association:

true
Association Amenities:

None
Association Fee:

None
Association Fee Includes:

Accounting, Ground Keeping, Recreational Faclty, Sewer, Water, Cable TV, Trash
Association Fee Frequency:

Monthly
Association Fee 2:

1066.65

Parking

Attached Garage:

false
Carport:

false
Covered Spaces:

1.0
Parking Features:

Covered

Monthly cost estimate

Asking price

$575,000

Expense	Monthly cost
Mortgage	$3,078
Taxes	$449
Insurance	$158
Utilities	$160 See report
Total	$3,845/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
10/30/24 Oct 30, 2024	Listed / Active	ECARMLS	$575,000

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This condo located in Santa Rosa Island, FL 32548 is currently for sale for $575,000. 321 Bream Avenue is a 1,845 square foot condo with 3 beds and 3 baths that has been on Estately for 1 days. 321 Bream Avenue is in the Santa Rosa Island neighborhood of Fort Walton Beach and has a WalkScore® of 40, making it car-dependent.

Listing Courtesy of: ECARMLS and LPT Realty LLC.

The information provided is 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. All information provided is deemed reliable but is not guaranteed and should be independently verified.