UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,513 sqft
Price per Sqft $707
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
Only four units in Azure share this exact floor plan -- and this is priced below the two others currently on the market, and below the most recent unit of this same layout to sell in the building. A documented rental income history is available for buyers evaluating this as an investment, along with a full cost-to-own analysis built on real numbers, not projections.
Wake up to sugar-white sand and emerald water from your own balcony, with sweeping Gulf views from the main living areas and primary suite alike. The split-bedroom layout gives guests and owners their own private corners. Resort amenities include a Gulf-front pool, fitness center, and secured building access -- everything you need for a low-maintenance coastal lifestyle.
Tour remotely first with our 4K Matterport walkthrough, then schedule an easy, flexible in-person showing through our team. Whether you're searching for a primary residence, a second home, or an income property, this is Gulf-front ownership positioned to perform. Schedule your private showing today. FULL COMPARABLE ANALYSIS -- AZURE, 1,513 SF / 3BR-3BA FLOOR PLAN
Only four units in the building share this exact floor plan. Here is where this listing sits against the others:
Unit Status Price $/SF Notes
307 Sold $1,000,000 $660.94 Closed Jan 2026, 101 DOM
610 Sold $1,075,000 $710.51 Closed Jan 2026, 53 DOM
113 Active $1,095,000 $723.73 Priced above subject
305 Active $1,100,000 $727.03 Priced above subject
414 (subject) Active $1,070,000 $707.20 Below actives and last closed sale
CLOSED SALES (this floor plan): - Unit 307 -- sold $1,000,000 ($660.94/SF) -- closed January 2026, 101 days on market - Unit 610 -- sold $1,075,000 ($710.51/SF) -- closed January 2026, 53 days on market
ACTIVE LISTINGS (this floor plan): - Unit 113 -- listed $1,095,000 ($723.73/SF) - Unit 305 -- listed $1,100,000 ($727.03/SF) - Unit 414 (this listing) -- listed $1,070,000 ($707.20/SF)
This listing is priced below both active competitors on the identical floor plan, and below the most recent closed sale of this exact layout -- Unit 610, which sold for $1,075,000. In plain terms: a buyer purchasing this unit at ask is paying less than what the last verified buyer in this building paid for the same square footage, same bedroom count, same view line.
MARKET TIMING CONTEXT: Both recent Azure sales on this floor plan went under contract within days of each other in December 2025 -- a pattern consistent with holiday-season visitors converting into buyers. Showing volume in Azure and the surrounding Gulf-front buildings slows through the peak rental season (spring and summer), then picks back up as the building empties out heading into fall. Consistent with that pattern, another Azure residence went under contract this month (July 2026) after a longer stretch on the market -- an early signal that buyer activity in the building is returning as the summer rental season winds down.
RENTAL INCOME HISTORY (verified actuals, four years): - 2023: $70,000 - 2024: $75,000 - 2025: $60,000 (property management transition year) - 2026: year-to-date through July 1, plus July and August currently on the books
A full cost-to-own analysis with cap rate detail is available on request -- built entirely on these actuals, not third-party rental estimates.
FEATURES: Private owner's closet inside the unit; dedicated storage room down the hall; primary suite with garden tub, walk-in closet, and private balcony access; recently updated living room seating. 4K Matterport virtual tour and floor plan available.
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
Virtual Tour https://my.matterport.com/show/?m=R23xxtXRpai&mls=1
Nearby School & Business
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