Somerset Oceanside Apartments


940 Santa Rosa Blvd, Fort Walton Beach, FL 32548

  • Beach Views & Access
  • Proven Upside
  • In-place ROI with Upside

Property Description

Extremely Rare Costal Apartment Complex on the Gulf Of Mexico - Somerset Oceanside Apartments is a 130 unit apartment complex with a private boardwalk to the beach. Located on Okaloosa Island in Fort Walton Beach, Florida. Less than a 20 minute drive from the Destin - Fort Walton Beach Airport, and 15 minutes from the Destin boardwalk. This complex for the past two years has undergone extensive renovations including a capital infusion of over $3.5M. To include: New Roofs, Hurricane Windows and Patio Doors, Landscaping, Buildings, Patios, Stairwells & Steps Painted, New Balcony Handrails on the entire property - The list goes on

Key Property Information

Listing Status
Listing Type
Highest & best offer
Multifamily type
Garden Style
$ 33,500,000
No. of Units
Building Size
123,290 Sq ft
Lot Size
5.40 acres
No. of Stories
Opportunity Zone
Price per unit
$ 257,692
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