8468 Gulf Blvd #2 & 3, Navarre, FL, 32566
About This Home
Turnkey Beachside Investment Opportunity - Two Units for the Price of One! Located directly across the street from public beach access in the heart of Navarre Beach, this fully renovated 4BR/3BA coastal retreat offers Gulf views, exceptional flexibility, and outstanding short-term rental potential. Originally designed as two separate units, the property was thoughtfully combined into one spacious residence while still offering the possibility of conversion back to two standalone units for enhanced ROI and rental income. Extensive renovations include a new roof, luxury flooring, updated kitchens and bathrooms, custom shaker cabinetry, dolomite countertops, stainless steel appliances, designer finishes, and a custom staircase. The main residence features 3 bedrooms and 2.5 baths, while the separate studio suite comfortably sleeps four, creating the perfect setup for multi-generational living, owner occupancy with supplemental rental income, or maximizing guest accommodations. Enjoy beautiful Gulf views from the south-facing balconies and the convenience of being just steps from Navarre Beach's sugar-white sands and emerald waters. With two full kitchens, multiple living spaces, and flexible ownership options, this property is ideal as a primary residence, second home, vacation getaway, or income-producing investment property. Current rental projections exceed $60,000 annually with frequent owner use, while the option to re-establish two independent units is a possibility.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Construction Complete,Renovated
- Year built: 1984
Materials
- Foundation: Raised
- Roof: Shingle
- Construction materials: Frame,Stucco
Type & Style
- Home type: Townhouse
- Architectural style: Beach House
- Property subType: Townhouse
Interior
Appliances
- Appliances included: Cooktop,Dishwasher,Dryer,Microwave,Refrigerator,Washer,Electric Water Heater
- Laundry features: Washer/Dryer Hookup
Bathroom
- Level: Third
- Area: 192
- Dimensions: 12 x 16
Bedroom
- Level: Third
- Area: 192
- Dimensions: 12 x 16
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Dining Area
- Level: Second
- Area: 96
- Dimensions: 8 x 12
Features
- In-Law Floorplan,Recessed Lighting,Lock Out,Newly Painted,Pantry
- Window features: Window Treatments
- Flooring: Laminate,Vinyl
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 2,636
- Total interior livable area: 2,636 sqft
Kitchen
- Level: Second
- Area: 144
- Dimensions: 9 x 16
Living Room
- Level: Second
- Area: 208
- Dimensions: 13 x 16
Master Bedroom
- Level: Third
- Area: 418
- Dimensions: 19 x 22
Storage
- Level: First
- Dimensions: 0 x 0
Property
Details
- Parcel number: 282S269090000000030
- Zoning description: County, Deed Restrictions
Features
- Stories: 3
- Patio & porch: Covered
- Exterior features: Outdoor Grill,Balcony,Private Yard,Outdoor Shower,Separate Living Area,Rain Gutters
- Has view: Yes
- View description: Gulf/Pass
- Has water view: Yes
- Water view: Gulf/Pass
Lot
- Features: Within 1/2 Mile to Water
Parking
- Total spaces: 10
- Parking features: Attached Carport,Carport,Covered
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 4
- Carport: Yes
- Carport spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Lightning
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Rosa County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,040 | $48,480 |
| Home Insurance * | $944 | $11,328 |
| Property Taxes | $399 | $4,788 |
| Electricity | $265 | $3,183 |
| Total | $5,648 | $67,776 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-05 | Listed for sale | $799,000 |
| 2026-01-08 | Listing removed | $799,000 |
| 2025-09-25 | Price change | $799,000 |
| 2025-08-05 | Price change | $839,000 |
| 2025-03-29 | Price change | $849,000 |
| 2025-03-27 | Listed for sale | $989,000 |
| 2024-12-20 | Listing removed | $879,900 |
| 2024-06-28 | Price change | $879,900 |
| 2024-05-23 | Listed for sale | $889,900 |
| 2023-10-17 | Listing removed | -- |
| 2023-10-12 | Price change | $939,000 |
| 2023-07-31 | Listed for sale | $950,000 |
| 2023-06-17 | Listing removed | -- |
| 2023-03-22 | Price change | $950,000 |
| 2023-02-22 | Listed for sale | $999,900 |
| 2022-07-19 | Listing removed | -- |
| 2022-05-26 | Listed for sale | $989,000 |
| 2022-03-30 | Sold | $850,000 |
| 2022-03-05 | Pending sale | $825,000 |
| 2022-02-24 | Listed for sale | $825,000 |
| 2013-12-19 | Sold | $190,000 |
For Sale by Agent
View on Zillow