Destin West Beach & Bay Resort 1330 Miracle Strip Pkwy SE Unit 204 Fort Walton Beach, FL 32548
Estimated payment $3,708/month
Total Views
3,574
2
Beds
2
Baths
700
Sq Ft
$527
Price per Sq Ft
Highlights
- Waterfront Community
- Boat Dock
- Fishing
- Fort Walton Beach High School Rated A
- In Ground Pool
- 3-minute walk to Fort Walton Beach Park
About This Home
Exceptional bayfront investment opportunity at 1330 Miracle Strip Parkway SE, Unit 204, Fort Walton Beach, FL in the gated Hermitage by the Bay community. This two-bedroom, two-bath waterfront condo offers outstanding value compared to nearby units often priced above $650,000. Located in a peaceful, secure community featuring a private fishing pier, gated pool, outdoor grilling areas, and ample guest and trailer parking. Just a short walk or drive to sugar-white beaches, The Boardwalk, family attractions, and popular waterfront restaurants. Currently generating $26,400 annually through long-term rental (lease through August 31, 2025) with short-term rental projections reaching $51,000+ annually based on neighboring unit performance. Property is short-term rental approved with turnkey-ready furnishings negotiable, making this an ideal low-maintenance investment or vacation home. Prime waterfront location offers broad guest appeal with walkable access to dining, entertainment, and beach, plus convenient proximity to boat ramps, Crab Island, and Destin nightlife. This rare opportunity combines immediate income generation with significant upside potential in one of the area's most sought-after waterfront locations.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,970
Year Built
- Built in 1983
HOA Fees
- $1,419 Monthly HOA Fees
Home Design
- Metal Roof
Interior Spaces
- 700 Sq Ft Home
- Ceiling Fan
- Living Room
- Tile Flooring
Kitchen
- Electric Oven or Range
- Microwave
Bedrooms and Bathrooms
- 2 Bedrooms
- En-Suite Primary Bedroom
- 2 Full Bathrooms
Home Security
Outdoor Features
- In Ground Pool
Schools
- Elliott Point Elementary School
- Bruner Middle School
- Fort Walton Beach High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 00-2s-24-0481-0000-2040
Community Details
Overview
- Association fees include accounting, ground keeping, sewer, water, trash
- Hermitage Condominium Subdivision
Amenities
- Community Barbecue Grill
- Picnic Area
Recreation
- Fishing
Security
- Fire and Smoke Detector
Map
About Destin West Beach & Bay Resort
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,974 | $275,000 | -- | $275,000 |
| 2023 | $2,974 | $275,000 | $0 | $275,000 |
| 2022 | $2,573 | $222,000 | $0 | $222,000 |
| 2021 | $2,254 | $175,000 | $0 | $175,000 |
| 2020 | $1,921 | $150,500 | $0 | $150,500 |
| 2019 | $1,843 | $145,500 | $0 | $145,500 |
| 2018 | $1,743 | $135,500 | $0 | $0 |
| 2017 | $1,514 | $105,500 | $0 | $0 |
| 2016 | $1,482 | $105,500 | $0 | $0 |
| 2015 | $1,529 | $105,500 | $0 | $0 |
| 2014 | $1,486 | $102,000 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | For Rent | $2,280 | 0.0% | -- |
| 05/23/2025 05/23/25 | For Sale | $369,000 | 0.0% | $527 / Sq Ft |
| 11/13/2018 11/13/18 | Off Market | $1,300 | -- | -- |
| 11/13/2018 11/13/18 | Off Market | $1,200 | -- | -- |
| 11/13/2018 11/13/18 | Off Market | $1,300 | -- | -- |
| 02/04/2018 02/04/18 | Off Market | $1,325 | -- | -- |
| 06/27/2016 06/27/16 | Rented | $1,300 | 0.0% | -- |
| 06/27/2016 06/27/16 | Under Contract | -- | -- | -- |
| 05/20/2016 05/20/16 | For Rent | $1,300 | +8.3% | -- |
| 10/19/2015 10/19/15 | Rented | $1,200 | 0.0% | -- |
| 10/19/2015 10/19/15 | Under Contract | -- | -- | -- |
| 08/31/2015 08/31/15 | For Rent | $1,200 | -7.7% | -- |
| 08/28/2015 08/28/15 | Rented | $1,300 | 0.0% | -- |
| 08/28/2015 08/28/15 | Under Contract | -- | -- | -- |
| 07/21/2015 07/21/15 | For Rent | $1,300 | -1.9% | -- |
| 02/02/2015 02/02/15 | Rented | $1,325 | 0.0% | -- |
| 01/30/2015 01/30/15 | Under Contract | -- | -- | -- |
| 08/17/2014 08/17/14 | For Rent | $1,325 | -- | -- |
Source: Emerald Coast Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document | |
| Deed Of Distribution | $100 | None Listed On Document | |
| Special Warranty Deed | $122,000 | Multiple | |
| Trustee Deed | $75,100 | Attorney | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,090,000 | Commercial | |
| Previous Owner | $144,000 | Unknown | |
| Previous Owner | $18,270 | Unknown |
Source: Public Records
Similar Homes in Fort Walton Beach, FL
Source: Emerald Coast Association of REALTORS®
MLS Number: 977330
APN: 00-2S-24-0481-0000-2040
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