The story
- Waterfront
Unit #703 at 8477 Gulf Boulevard is a 3-bedroom, 3-bathroom, single-level condo in Navarre Beach, FL with 1,824 sq ft of living space, built in 1999. It is currently listed at $1,095,000, with a yearly HOA fee of $21,433. Highlights include a waterfront setting and water views.
Experience the best of Navarre Beach in this high-producing, fully furnished West End corner unit at Caribbean Resort, where unobstructed Gulf and Santa Rosa Sound views take center stage! With over $95K in rental income generated in 2025 and a strong 10+ year rental history filled with stellar reviews and repeat guests, this is an incredible investment opportunity. There are no high rises blocking the panoramic views, allowing endless sunsets and natural light to pour in. The lockout unit creates rental flexibility and income potential. Inside, the main living areas are finished with travertine tile and vinyl flooring in select bedrooms - no carpet! The unit also features 2 newer AC units (2026 & 2023). The living and dining area features floor-to-ceiling windows that frame the Gulf and Sound, creating a bright, airy coastal atmosphere. The kitchen showcases custom cabinetry, glass-pane lighted upper cabinets, abundant storage, stainless steel appliances, granite countertops, a built-in wine rack and stemware holder, and a breakfast bar. The primary suite easily accommodates a king-size bed and sitting area and features balcony access and a walk-in closet. The guest bedroom includes a walk-in closet and a convenient ensuite bathroom, with access also available from the main living area. The lockout suite can be accessed both internally and from an exterior entrance, making it ideal for maximizing rental income or hosting guests. It offers its own balcony, en suite bathroom, double closets, and space for a sitting area. Additional highlights include a hidden laundry area concealed behind kitchen cabinetry, generous storage throughout, and a dedicated owner’s closet. Caribbean Resort offers fantastic amenities including a Gulf-front pool, hot tub, gated beach access, two parking spaces per unit, private storage, and a recently renovated BBQ area with new grills. This is a rare opportunity to own a proven income-producing beach property with unbeatable views!
