401 Marshall Ct NW Unit 1 Fort Walton Beach, FL 32548
Estimated payment $1,302/month
Highlights
- In Ground Pool
- Updated Kitchen
- Traditional Architecture
- Fort Walton Beach High School Rated A
- 4.81 Acre Lot
- Granite Countertops
About This Home
Fantastic investment opportunity in the heart of Fort Walton Beach! This first-floor unit in Spanish Villas offers excellent potential with several key updates already completed. Features include wood-look tile flooring throughout, granite countertops in the kitchen, and a new HVAC system installed in 2020. The water heater was replaced in 2012. With a little remodeling and finishing touches, this unit can generate strong rental income—comparable units in Spanish Villas lease for approximately $1,600–$1,800 per month depending on upgrades and finishes. Many of the major improvements are already in place, making this a great option for investors, flippers, or buyers looking to add value and maximize returns. You'll love having a pool on site as well as a community room and BBQ Pit/grill. Perfect location near shopping, dining, schools, and military bases. Not to mention only a couple of miles to the beautiful beaches. This unit also comes with assigned parking.
Property Details
Home Type
- Condominium
Year Built
- Built in 1978
HOA Fees
- $53 Monthly HOA Fees
Home Design
- Traditional Architecture
- Flat Roof Shape
- Slab Foundation
- Frame Construction
Interior Spaces
- 994 Sq Ft Home
- 1-Story Property
- Combination Dining and Living Room
- Tile Flooring
- Washer and Dryer Hookup
Kitchen
- Updated Kitchen
- Breakfast Bar
- Built-In Microwave
- Dishwasher
- Granite Countertops
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Home Security
Parking
- Guest Parking
- Parking Lot
Pool
- In Ground Pool
Schools
- Local School In County Elementary And Middle School
- Local School In County High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 152S24187A04010010
Community Details
Overview
- Association fees include ground maintenance, insurance, trash, water/sewer
- Spanish Villas Condo Subdivision
Recreation
- Community Pool
Security
- Storm Doors
Map
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 | $1,013 | $95,000 | -- | $95,000 |
| 2023 | $1,013 | $100,000 | $0 | $100,000 |
| 2022 | $946 | $75,000 | $0 | $75,000 |
| 2021 | $817 | $53,000 | $0 | $53,000 |
| 2020 | $752 | $48,500 | $0 | $48,500 |
| 2019 | $657 | $48,500 | $0 | $48,500 |
| 2018 | $551 | $35,000 | $0 | $0 |
| 2017 | $503 | $31,000 | $0 | $0 |
| 2016 | $500 | $31,000 | $0 | $0 |
| 2015 | $644 | $39,000 | $0 | $0 |
| 2014 | $634 | $38,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/11/2025 12/11/25 | For Sale | $110,000 | -- | $111 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $51,000 | Title Works | |
| Warranty Deed | $14,000 | Title Works | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $40,800 | New Conventional |
Source: Pensacola Association of REALTORS®
MLS Number: 674788
APN: 15-2S-24-187A-0401-0010
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