3 Beds
3 Baths
1,513 SqFt
3 Beds
3 Baths
1,513 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,513 sqft
Price per Sqft $677
Subdivision Azure
MLS Listing ID 998315
Bedrooms 3
Full Baths 3
HOA Fees $1,525/mo
HOA Y/N Yes
Year Built 2005
Annual Tax Amount $10,657
Tax Year 2025
Property Sub-Type Condominium
Source Emerald Coast Association of REALTORS®
Land Area 1513
Property Description
Azure has completed its milestone inspection work, structural reserve requirements, and a major building renovation. All related special assessments have been paid, and none are pending. Association dues of $1,525/month include the walls-out master insurance policy. For buyers comparing older Gulf-front buildings with this work still ahead of them, that difference matters.
THE RESIDENCE 1,513 SF, 3 bedrooms, 3 full baths, 4th floor, Gulf-front with unobstructed Gulf views. 273 SF balcony plus private balcony access from the primary suite. Garden tub ensuite, tile floors, crown molding, granite counters, stainless appliances. Sold fully furnished and turnkey with refreshed living room furnishings. Private owner's closet in the unit, dedicated storage room down the hall, and two parking spaces.
ACTUAL RENTAL PERFORMANCE (GROSS) 2023: $70,000 | 2024: $75,000 | 2025: $60,000 (transition year from owner self-management to the on-site program) | 2026: $74,312 through early October, with three additional October weeks booked. The current owner's management agreement is 10% of gross, a favorable negotiated rate; a new owner's terms may differ. Cleaning fees are paid by guests.
ANNUAL OWNER EXPENSES Property taxes (2025): $10,657 | HOA: $18,300 | Walls-in unit insurance: $1,975 | Power: approx. $1,560. Net operating income at list price: 2.98% (2023), 3.42% (2024), 2.10% (2025), 3.36% (2026 YTD, partial year against full-year expenses). Full cost to own available.
AZURE 1,513 SF FLOOR PLAN -- MARKET SNAPSHOT Sold: #610 (6th floor), $1,075,000, Jan. 2026 | #307 (3rd floor), $1,000,000, Jan. 2026 Active: #414 (4th floor), $1,025,000 -- THIS LISTING | #214 (2nd floor), $1,060,000 | #113 (1st floor), $1,095,000 | #305 (3rd floor), $1,100,000 #414 is the lowest-priced active residence in this floor plan and sits above every other active unit.
AMENITIES AND LOCATION Two Gulf-front pools, hot tubs, fitness center, direct beach access, and full-time on-site management. Walk to the Boardwalk, the Gulfarium, and Okaloosa Island dining and shops. Information deemed reliable but not guaranteed. Buyers should independently verify all information.
Location
State FL
County Okaloosa
Community Short Term Rental - Allowed, Bbq Pit/Grill, Beach, Community Room, Dumpster, Elevators, Exercise Room, Fishing, Pets Allowed, Picnic Area, Pool, Separate Storage, Tv Cable, Waterfront, Whirlpool
Area 12 - Fort Walton Beach
Direction Santa Rosa Blvd to the entrance of AZURE.
Rooms
Primary Bedroom Level Main
Master Bedroom true
Kitchen true
Interior
Interior Features Breakfast Bar, Ceiling Crwn Molding, Ceiling Raised, Lighting Recessed, Owner's Closet, Pantry, Washer/Dryer Hookup
Heating Central
Cooling Ceiling Fans, Central Air
Flooring Floor Tile
Furnishings Furnished - All
Window Features Window Treatment All
Appliance Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
Laundry true
Exterior
Exterior Feature Balcony, Balcony
Parking Features Covered
Garage Spaces 2.0
Pool Pool Type
Community Features Short Term Rental - Allowed, BBQ Pit/Grill, Beach, Community Room, Dumpster, Elevators, Exercise Room, Fishing, Pets Allowed, Picnic Area, Pool, Separate Storage, TV Cable, Waterfront, Whirlpool
Utilities Available Electric, Public Water, TV Cable
Waterfront Description Gulf,Shore - Beach
View Sound, Gulf
Accessibility 137
Garage Yes
Building
Faces Santa Rosa Blvd to the entrance of AZURE.
Sewer Public Sewer
New Construction No
Schools
Elementary Schools Elliott Point
Middle Schools Bruner
High Schools Fort Walton Beach
Others
Pets Allowed No
HOA Fee Include Accounting, Ground Keeping, Insurance, Internet Service, Management, Sewer, TV Cable, Trash, Water
Tax ID 00-2S-24-1100-0000-0414
Security Features Fire Alarm/Sprinkler
Special Listing Condition Accept Backup Offers
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