$430,000

Estimated payment $3,500/month

1 Bed
1.5 Baths
604 Sq Ft
$712 Price per Sq Ft

Highlights

  • Home fronts a lagoon or estuary
  • Lagoon View
  • Furnished
  • Van R. Butler Elementary School Rated A-
  • Main Floor Primary Bedroom
  • Community Pool

About This Home

Welcome to the best priced one bedroom + bunk room condo in Gulf Place, perfectly situated on the ground floor with peaceful lagoon views right outside your back door! This bright and inviting condo has been consistently self managed and produces between $42k-$44k in rental income every year, making it an ideal blend of personal enjoyment and strong investment performance. Inside, the space feels light, fresh and well maintained with a series of thoughtful updates. Improvements include a new HVAC in 2020 with optional copper coating spray for added Florida durability and a new water heater in 2025 with drip pan. The kitchen features an updated dishwasher, garbage disposal and a new kitchen faucet installed in 2023. The living area and master bedroom both have updated ceiling fans, the bunk area features new bedding and pillows as well as a new ceiling light, and the master bathroom includes a new light and vent fan combo. Larger smart televisions have been added to both the living area and master bedroom. Comfort was also elevated with a new mattress and adjustable base in 2024 along with fresh bedding, new pillows and refreshed decor throughout. Enjoy effortless access to one of the community pools and walk directly across the street to the private Gulf Place deeded beach access. You are truly in the heart of Gulf Place with pickleball, tennis, dining, shopping and everything this vibrant community offers just steps away. This condo is priced to sell and stands out as the best value in Gulf Place for buyers seeking a clean, bright and easy to maintain coastal retreat with unmatched access to the beach, pools and all the amenities of this beloved community.

Listing Agent

Robert Watson

Corcoran Reverie SRB License #3579804 Listed on: 11/28/2025

Corcoran Reverie SRB

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,428

Year Built

  • Built in 1999

Lot Details

  • Home fronts a lagoon or estuary

HOA Fees

  • $949 Monthly HOA Fees

Interior Spaces

  • 604 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Dining Area
  • Tile Flooring
  • Lagoon Views

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Built-In Bunk Beds

Home Security

Outdoor Features

  • Patio
  • Built-In Barbecue

Schools

  • Van R Butler Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 03-3S-20-34404-000-0110

Community Details

Overview

  • Association fees include accounting, ground keeping, insurance, legal, management, master, recreational faclty, security, sewer, water, cable TV, trash
  • Gulf Place Cabanas Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,428

Year Built

Built in 1999

Lot Details

0

HOA Fees

$949 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: GULF PLACE CABANAS CONDO
  • Directions: FROM HWY. 98, TURN SOUTH ON HWY. 393 AND DRIVE TO THE END OF HWY. 393 AND TAKE A RIGHT ON HWY 30-A. ENTRANCE TO GULF PLACE CABANAS IS 1/4 MILE ON THE RIGHT.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1999
  • Remarks Misc:Remarks: Welcome to the best priced one bedroom + bunk room condo in Gulf Place, perfectly situated on the ground floor with peaceful lagoon views right outside your back door! This bright and inviting condo has been consistently self managed and produces between $42k-$44k in rental income every year, making it an ideal blend of personal enjoyment and strong investment performance.
  • Utilities Electric: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Appliances Microwave: Yes
  • Utilities:Community Water: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Dining Area: Yes
  • Waterfront:Lagoon: Yes
  • Waterview:Lagoon2: Yes
  • Special Features: None

Interior Features

  • Furnished: Furnished - All
  • Appliances: Cooktop, Dishwasher, Disposal, Freezer, Ice Machine, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Water Heater - Elect
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Floor Tile
  • Interior Amenities: Breakfast Bar, Hallway Bunk Beds, Kitchen Island
  • Stories: 3
  • Window Features: Window Treatment All
  • Appliances:Cooktop: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Furnished - All: Yes
  • Appliances:Freezer: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Hallway Bunk Beds: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lagoon
  • Waterfront Features: Lagoon
  • Waterfront: Yes
  • Exterior Features: BBQ Pit/Grill, Tennis Court
  • Patio And Porch Features: Patio Open
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Patio Open: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Tennis Court: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Security: Fire Alarm/Sprinkler
  • Cooling: Ceiling Fans, Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Community Sewer
  • Utilities: Community Water, Electric, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Pickle Ball, BBQ Pit/Grill, Laundry, Pets Allowed, Picnic Area, Playground, Pool, Tennis, TV Cable
  • Association #2 Fee: 2846.43
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Insurance, Legal, Management, Master Association, Recreational Faclty, Security, Sewer, Water, Cable TV, Trash

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Parcel #: 03-3S-20-34404-000-0110

Tax Info

  • Tax Annual Amount: 3427.55
  • Tax Year: 24

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $3,276 $475,650 -- $475,650
2022 $3,276 $317,100 $0 $317,100
2021 $2,318 $241,600 $0 $241,600
2020 $2,197 $224,277 $0 $224,277
2019 $2,067 $219,880 $0 $219,880
2018 $1,966 $215,568 $0 $0
2017 $1,847 $209,286 $0 $209,286
2016 $1,744 $199,320 $0 $0
2015 $1,614 $181,200 $0 $0
2014 $1,255 $121,778 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/28/2025 11/28/25 For Sale $430,000 +198.6% $712 / Sq Ft
06/08/2020 06/08/20 Off Market $144,000 -- --
01/22/2013 01/22/13 Sold $144,000 0.0% $229 / Sq Ft View Prior Sale
09/03/2012 09/03/12 For Sale $144,000 -- $229 / Sq Ft
08/07/2012 08/07/12 Pending -- -- --
Source: Emerald Coast Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $144,000 Priority Title Of Nw Fl Inc
Warranty Deed $408,000 Southern Escrow & Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $326,400 Unknown
Source: Public Records

Source: Emerald Coast Association of REALTORS®

MLS Number: 990466

Emerald Coast Association of REALTORS®

APN: 03-3S-20-34404-000-0110