Residential For Sale

Experience the best of the Emerald Coast from El Matador #513, a beautifully updated first-floor studio located on the peaceful west end of Okaloosa Island. Tucked away in one of the area’s most established beachfront resorts, this unit offers the perfect combination of personal getaway and income-producing investment. Inside, the bright and open layout comfortably accommodates up to four guests and features newer LVP flooring in the Kitchen Living and Dining areas and ceramic tile in the bedrooms and bathrooms. The updated kitchen is well-appointed with stainless steel appliances, granite countertops, newer cabinetry, pantry storage, and a stylish tile backsplash. The inviting living area flows seamlessly to sliding glass doors that open onto a spacious private patio—ideal for outdoor dining and relaxing after a day at the beach. Offered fully furnished and turnkey, this well-maintained unit is currently used as a short-term rental and is booked for a large portion of the year already. With strong vacation demand on Okaloosa Island, it presents an excellent opportunity for buyers seeking a low-maintenance coastal investment. El Matador is an 11-acre gated beachfront community bordering the pristine Gulf Islands National Seashore, providing a rare natural backdrop and preserved coastline. Residents and guests enjoy private beach access, two swimming pools (one heated), tennis, pickleball and basketball courts, fitness center, sauna, hot tub, grilling and picnic areas, and 24-hour gated security with onsite management. Conveniently located just minutes from dining, marinas, and entertainment in Fort Walton Beach and Destin—and within driving distance of major southeastern cities—this is coastal living at its finest. Its Also Conveniently located just 15–20 minutes from Destin–Fort Walton Beach Airport (VPS) and Approx 45 Minutes to Pensacola International Airport.