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1517 Miracle Strip Parkway #1

Fort Walton Beach, FL 32548

$749,900 $3,161/Mo

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Overview

Bed

Bath

Description

OnOne-of-a-kind Gulf-side penthouse villa with panoramic views, exceptional outdoor living and a strong rental history--now available at Destin West Beach & Bay Resort. Villa PH-01 is a beautifully renovated, top-floor corner residence featuring 10-foot ceilings, two walls of windows and abundant natural light. Enjoy unobstructed views of the Gulf of Mexico and Choctawhatchee Bay from the covered wraparound balcony and oversized private rooftop terrace, complete with a hot tub. Designed for effortless coastal living, the open-concept interior flows from a fully equipped kitchen into an inviting living area with direct balcony access. Furnishings include a queen sleeper sofa, breakfast-bar seating and a bistro dining table. Offered fully furnished and turnkey, the villa is ready for p ersonal enjoyment or continued rental use. The spacious primary suite accommodates a king-size bed plus a daybed with trundle for additional guests. It also offers private balcony access and an en-suite bathroom with a garden tub and separate walk-in shower. The villa has reportedly generated more than $70,000 in annual gross rental revenue while allowing approximately seven weeks of owner use per year, making it an attractive option for buyers seeking a vacation residence with income potential. Rental figures are historical, are not guaranteed and should be independently verified. Destin West offers an impressive collection of resort-style amenities across its Gulf-side and bayfront properties. A pedestrian skybridge over Highway 98 provides convenient access between the beach and bay sides of the resort. Amenities include: Seven swimming pools, including seasonally heated pools 5,000-square-foot lagoon-style pool 700-foot zero-entry lazy river Bayfront waterfall pool Gulf-side villa pool and children's pool Multiple hot tubs Large on-site fitness center Full-service beach rentals Bayfront marina and dock Charcoal grilling stations and picnic areas Accessible boardwalk to the beach Children's play area Covered parking On-site management Located on Okaloosa Island beside The Boardwalk, Destin West places dining, shopping and seasonal beachfront entertainment close at hand. Destin's HarborWalk Village is approximately four miles away, offering additional restaurants, boating excursions, shopping and entertainment. Whether enjoyed as a private coastal retreat, vacation rental or combination of both, Villa PH-01 presents a rare opportunity to own a renovated Gulf-side penthouse with expansive outdoor living and exceptional resort amenities.

Property Details

Property Type : Residential

Price : $749,900

AD Id : 90893378

MLS Id : 794791

Beds : 2

Year Built : 2006

County : Okaloosa

Subdivision: Independence Bay

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 2

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Rooms Total: 7
Interior Features

DoubleVanity, MainLevelPrimary, SoakingTub, SeparateShower

Appliances: ElectricRange, ElectricWaterHeater
Heating & Cooling

Has Heating: Yes Heating: Electric Water front: 1

Building Information

Year Built: 2006

Building Area Total: 981

Construction Materials: Concrete, Stucco

Patio And Porch Features: Balcony, Covered, Open, Patio, Porch

Pool Features: Community

Private Pool: No

Water front Features: Gulf,IntracoastalAccess

View: Gulf, Intercoastal

Association Fee Frequency: Quarterly
Exterior Features

Exterior Features: Dock, Patio

Lot Information

Lot Dimensions: 0x0x0

Property Information

Subdivision: [No Recorded Subdiv] Source Property Type: Residential MLS Area Minor: 1701 - Okaloosa - Fort Walton Beach Property SubType: Condominium Property Age: 20

Listing Price Information

Listing Price: $749900

Tax Information

Parcel Number: 00-2S-24-1110-0000-PH01 Tax Year: 2025 Annual Tax: $6230.34 Tax Legal Desc: GULF SIDE VILLAS @ DESTIN WEST PH01

Homeowners Association Information

Has Association: Yes

Included Fees: AssociationManagement, CableTv, Insurance, Internet, LegalAccounting, MaintenanceGrounds, Sewer, Trash, Water

HOA: $4,600.00

Community Features: Barbecue, Dock, FitnessCenter, Pool, CommunityPool, ShortTermRentalAllowed

School Information

Elementary School: Other Junior High School: Other Senior High School: Other
Utility Information

CableConnected, ElectricityAvailable, HighSpeedInternetAvailable
Location Information

Direction: Highway 98 to Okaloosa Island. Located on the Gulf Side of the Highway. 6th floor Security Features: FireSprinklerSystem,FireAlarm

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
5 Laguna Street #205, , FL, 32548	$275,000	1	2	1,200	--
520 Santa Rosa Boulevar.., Fort Walton Beach, FL, 32548	$565,000	2	2	--	--
770 Sundial Court #UNIT.., Fort Walton Beach, FL, 32548	$289,000	1	1	--	--
214 SW Miracle Strip Pa.., Fort Walton Beach, FL, 32548	$219,000	1	1	--	--
300 SW Miracle Strip Pa.., Fort Walton Beach, FL, 32548	$235,500	2	2	--	--

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ByOwner last updated this listing 09/02/2026 @ 03:17

MLS: 794791 LISTED BY: Billy Richard, Realty Mark Associates 561-245-5400 SOURCE: CPAR