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315 Bream Ave Unit 207, Fort Walton Beach, FL, 32548

1beds
1baths
751sqft
$255,700
$340price/sqft
$1,797/moest. monthly cost
$71,880/yrincome needed

About This Home

WELCOME HOME to your Beautifully updated End Unit Condo on Okaloosa Island. This is truly a Turn Key GEM whether you are an investor looking for a short/ long term rental investment or for your own beach getaway to Live Where Others Vacation. The owner invested $67,000 in 2021 to fully remodel interior with many improvements & upgrades. Everything from floor to ceilings Including New Copper Wiring, & Breaker Box, Custom Kraftmaid soft close cabinets, Breakfast Bar with pull outs, Quartz countertops, S/S Appliances, New Lighting & Ceiling Fans, Luxury LVP vinyl plank flooring, Impact windows & exterior steel door, new HVAC & HWH, new insulation & drywall, new doors, paint+ much more. No popcorn ceilings. Walking distance to Dolphin Beach Access 1 on the Gulf Side via boardwalk or take the boardwalk in opposite direction to the Santa Rosa Sound. No need to drive to take your paddle board or surfboard, just walk to the beach with your board. Plenty of restaurants, shopping, the Gulfarium & the Boardwalk within walking distance or a short drive. Unit 207 is currently being used as a 1 bedroom, to enlarge the living room and dining areas, but can easily be converted back to a 2 bedroom like all other units in the complex. (In MLS, its listed as a 1 Br since that's how it's being used- but its legal description is a 2 bedroom). Only one assigned parking space per unit. In unit Washer & Dryer combo stays. New roof 12/2024. Short Term Rentals allowed with a 7 day/night minimum stay Buyer and Buyers agent to verify all information including square footage, room sizes, amenities and anything they deem important to them.

Getting Around

46
WalkingCar-Dependent
0
TransitVery Limited Transit
53
BikeBikeable

Schools

5/10
5/10

Construction

Condition

  • Property condition: Construction Complete,Renovated
  • Year built: 1979

Materials

  • Roof: Shingle
  • Construction materials: Concrete,Brick,Siding Brick Some

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Washer,Electric Water Heater

Bedroom

  • Level: Second
  • Area: 160
  • Dimensions: 16 x 10

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Area

  • Level: Second
  • Area: 148.5
  • Dimensions: 11 x 13.5

Features

  • Breakfast Bar,Newly Painted
  • Window features: Double Pane Windows,Window Treatments
  • Flooring: Laminate

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 751
  • Total interior livable area: 751 sqft

Kitchen

  • Level: Second
  • Area: 150
  • Dimensions: 12 x 12.5

Living Room

  • Level: Second
  • Area: 176
  • Dimensions: 16 x 11

Property

Details

  • Parcel number: 002S24006600000207

Features

  • Has view: Yes
  • View description: Gulf/Pass,Intracoastal Waterwy
  • Has water view: Yes
  • Water view: Gulf/Pass,Intracoastal Waterwy

Lot

  • Features: Within 1/2 Mile to Water

Parking

  • Total 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

  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Coastal Flooding
Tornado
Tsunami

FEMA Declared Disasters in Okaloosa County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

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

MonthlyAnnual
Mortgage $1,292$15,504
Home Insurance *$120$1,440
Property Taxes $188$2,256
Electricity $197$2,366
Total$1,797$21,564
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$61,611/yr
40% on housing$53,910/yr
45% on housing$47,920/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

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.

Insurance Growth Rate5-year average: 15.8%
15.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$340This listing

vs Other Active Listings

Avg $/sqft

ZIP 32548$261
Okaloosa County$263

vs Homes Sold Last Month

Median $/sqft

ZIP 32548$220
Okaloosa County$205

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

DateEventPrice
2026-07-30Listed for rent$1,600
2026-05-16Listed for sale$255,700
2025-09-19Listing removed$1,500
2025-08-27Price change$1,500
2025-07-01Price change$1,600
2025-03-30Listed for rent$1,700
2023-10-24Listing removed--
2023-09-29Price change$1,600
2023-09-11Price change$1,750
2023-08-21Listed for rent$2,000

For Sale by Agent

AgentAnnette E Guin
BrokerageRoyal Palm Realty Service Inc

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