816 Lark St Unit 5, 6, 7, 8 Fort Walton Beach, FL 32547
Wright NeighborhoodEstimated payment $4,092/month
Highlights
- 0.43 Acre Lot
- Covered Patio or Porch
- Interior Lot
- Choctawhatchee Senior High School Rated A-
- 1 Car Attached Garage
- Living Room
About This Home
Exceptional Investment Opportunity - Fully-Occupied Multi-Family Properties!
This is your chance to secure a rare, income-producing property with incredible potential. Located in the county of Ft Walton Beach, Fl, this investment offers valuable tax advantages and added flexibility for future development or management.
Comprised of two parcels (816 and 818 Lark St (see MLS#976434)), a total of four single-story duplexes & 8 individual units. Seven units are 2 bed, 1bath apartments with a combined kitchen & living area, covered back patios & washer/dryer hookups. All units have individual central heat & air. The property has a concrete driveway w/individual parking pads, enhanced by streetlamp lighting for added safety. Seller only interested in selling both parcels together($1.299,000). One premium unit includes 3 bedrooms, 3 bathrooms, a garage, and a large-screened porch. Additionally, there is an onsite storage/utility shed. Conveniently located just 2 minutes from Eglin AFB and 5 minutes to Hurlburt Field, with top shopping and dining just minutes away. With its multi-family zoning, unincorporated tax district location, and turnkey condition, this property is a true standout. Don't miss out! call today for more details. **Seller will consider owner financing with the following terms: $500,000 down. Payment would be based on a 30-year amortization with a balloon payment in 3 years. Potential income of $9115.00 per month. Proof of payment for taxes and insurance would need to be provided yearly.**
Co-Listing Agent
Amanda Reaves
Coldwell Banker Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,009
Year Built
- Built in 1982
Lot Details
- 0.43 Acre Lot
- Property fronts a county road
- Interior Lot
- Level Lot
Parking
- 1 Car Attached Garage
Home Design
- Duplex
- Brick Exterior Construction
- Composition Shingle Roof
- Wood Trim
Interior Spaces
- 3,322 Sq Ft Home
- 1-Story Property
- Living Room
- Dining Room
- Fire and Smoke Detector
- Electric Oven or Range
Flooring
- Wall to Wall Carpet
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Full Bathrooms
Outdoor Features
- Covered Patio or Porch
- Shed
Schools
- Kenwood Elementary School
- Pryor Middle School
- Choctawhatchee High School
Utilities
- Central Air
- Electric Water Heater
Community Details
- Forest Heights Subdivision
Listing and Financial Details
- Assessor Parcel Number 26-1S-24-0950-0003-0040
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 | $3,778 | $356,504 | $54,701 | $301,803 |
| 2023 | $3,778 | $342,652 | $49,656 | $292,996 |
| 2022 | $3,490 | $315,549 | $47,291 | $268,258 |
| 2021 | $2,926 | $227,638 | $33,508 | $194,130 |
| 2020 | $2,862 | $221,049 | $32,851 | $188,198 |
| 2019 | $3,178 | $258,042 | $75,724 | $182,318 |
| 2018 | $2,845 | $221,989 | $0 | $0 |
| 2017 | $2,527 | $194,249 | $0 | $0 |
| 2016 | $2,227 | $168,059 | $0 | $0 |
| 2015 | $2,110 | $156,937 | $0 | $0 |
| 2014 | $2,133 | $158,448 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/24/2025 10/24/25 | Price Changed | $713,592 | -3.4% | $215 / Sq Ft |
| 05/30/2025 05/30/25 | Price Changed | $738,592 | +20.8% | $222 / Sq Ft |
| 05/30/2025 05/30/25 | Price Changed | $611,408 | -54.7% | $184 / Sq Ft |
| 05/19/2025 05/19/25 | For Sale | $1,350,000 | -- | $406 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document | |
| Quit Claim Deed | $100 | None Listed On Document | |
| Warranty Deed | $164,300 | Twin Cities Land Title Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $114,950 | Commercial |
Source: Emerald Coast Association of REALTORS®
MLS Number: 976432
APN: 26-1S-24-0950-0003-0040
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