El Matador Condo Homes under $400,000

El Matador Condo Homes under $400,000

Welcome to El Matador Condo, a hidden gem nestled in the heart of Fort Walton Beach, Florida. This charming subdivision offers a unique blend of coastal living and modern convenience, making it the perfect place for those seeking a serene escape without sacrificing access to vibrant city life.

Situated in Okaloosa County, El Matador Condo boasts a prime location just steps away from the pristine white-sand beaches and crystal-clear waters of the Gulf of Mexico. Residents can enjoy breathtaking sunsets, water sports, and leisurely strolls along the shore, all while being conveniently close to local shops, restaurants, and entertainment options.

What sets El Matador apart is its diverse selection of homes, with many listings available for under $400,000. This makes it an ideal choice for first-time homebuyers, retirees, or anyone looking to invest in a vacation property. The condos here feature spacious layouts, modern amenities, and often come with stunning views of the beach or lush landscaping. This community embraces a relaxed lifestyle, offering a sense of camaraderie among neighbors and a welcoming atmosphere that makes every resident feel at home.

With its affordable pricing and unbeatable location, El Matador Condo is more than just a place to live; it’s a lifestyle choice that invites you to enjoy the best of Fort Walton Beach. Whether you’re looking to relax by the pool, explore the nearby attractions, or simply soak in the sun, El Matador Condo is your gateway to the ultimate Florida experience. Come discover your new home in this coastal paradise today!

Newest El Matador Condo Homes under $400,000

909 Santa Rosa Blvd Unit 265, Fort Walton Beach
$349,900
1 Beds ⋅ 1 Baths ⋅ 1013648 MLS
TOP-FLOOR • FULLY RENOVATED • PROVEN RENTAL PERFORMER! Exceptional turnkey 1BR/1BA condo with gorgeous Gulf views, oversized private balcony and room for 5. Generated over $40K in rental revenue in both 2024 and 2025, plus $36K year-to-date in 2026, with additional reservations scheduled. Extensive upgrades include windows, sliding glass doors, HVAC, water heater, kitchen, flooring, ceilings, interior doors and fixtures. A rare opportunity combining coastal living, personal enjoyment and proven rental income potential!

909 Santa Rosa Blvd Unit 265, Fort Walton Beach
909 Santa Rosa, Unit 118, Fort Walton Beach
$379,975
2 Beds ⋅ 2 Baths ⋅ 1012266 MLS

909 Santa Rosa, Unit 118, Fort Walton Beach
909 Santa Rosa Blvd Unit 524, Fort Walton Beach
$285,000
1 Beds ⋅ 1 Baths ⋅ 1009917 MLS
Wake up to beautiful views right on the gulf from this spacious and beautifully furnished 1-bedroom, 1-bath condo at El Matador on Okaloosa Island. Located on the second floor, this residence offers a comfortable layout with a large balcony accessible from both the living room and primary bedroom-perfect for enjoying your morning coffee or unwinding while taking in the peaceful coastal views. Just steps from private Gulf-front beach access, El Matador offers an impressive array of amenities including two swimming pools, one heated seasonally, a fitness center, sauna, tennis and pickleball courts, basketball courts, and over 11 acres of beautifully maintained tropical grounds. The gated community also features 24-hour security for added peace of mind. Whether you're looking for a full-time residence, a second home, a snowbird retreat, or an income-producing vacation property, Unit 524 offers an exceptional opportunity to enjoy the best of Okaloosa Island. With both Sound and Gulf views, fantastic amenities, and easy access to the sugar-white beaches of the Emerald Coast, this is one you won't want to miss!

909 Santa Rosa Blvd Unit 524, Fort Walton Beach
909 Santa Rosa, Unit 532, Fort Walton Beach
$387,979
2 Beds ⋅ 2 Baths ⋅ 1009320 MLS
Making memories will be easy from the moment you walk into this wonderful Condo. The first thing you will notice is the view of the Santa Rosa Sound. As you walk through the spacious living room you will find yourself out on the balcony with a view that lets you see down the sound as all of the boats will pass by. This is a place that can be your home away from home or make it a vacation get away for others and cash in on some extra $$$ on Vacation rentals. Some of the things you won't have to worry about : NewAC, Bath,Back flush toilet, updated kitchen and refrigerator, windows. El Matador has plenty of lush green grass for you kids to play. Two pools, Tennis courts, fitness center, pickle ball, sauna and many other wonderful amenities that are located conveniently within your walking distance. This Condo is Unfurnished.

909 Santa Rosa, Unit 532, Fort Walton Beach
909 Santa Rosa Blvd Unit UNIT 548, Fort Walton Beach
$320,000
2 Beds ⋅ 2 Baths ⋅ 1008700 MLS
Wake up to peaceful Sound views from this beautifully furnished fourth-floor condo in El Matador on Okaloosa Island. This spacious 2-bedroom, 2-bath residence offers a rare combination of storage, comfort, and lifestyle -- with a large balcony accessible from both the living room and primary suite. Enjoy private Gulf-front beach access just steps away, plus resort-style amenities including two pools (one heated), fitness center, sauna, tennis, pickleball, and basketball courts. Whether you're searching for a full-time residence, vacation escape, or income-producing property, this condo checks every box -- and at an exceptional Island value. Snowbirds welcome.

909 Santa Rosa Blvd Unit UNIT 548, Fort Walton Beach
909 Santa Rosa Blvd Unit 255, Fort Walton Beach
$339,900
1 Beds ⋅ 1 Baths ⋅ 1007746 MLS
This property is just what you have been looking for if OWNING YOUR OWN Dream Vacation Condo is what you have been looking for. You have found the perfect location to live the beach lifestyle. With the opportunity to live the beach life anytime you wish and even use it as a investment opportunity if you are so inclined. This fifth floor unit is perfect for whatever you choose to use it for. You will enjoy the views of both the Gulf and the sound from this unit. The kitchen gives plenty of counter space for dinner prep and serving. Large pantry for storage. From the spacious living room you will find amazing Gulf views where you can walk out on to the patio and enjoy the sites of the Gulf and it's amazing sunsets. The bathroom has been updated with a walk-in shower and Glass doors which makes it feel even more spacious. The El Matador offers Expansive grounds giving you lots of green space that is hard to find at the beach. Not to mention the two pools, Tennis/Pickleball courts, fitness center and 24/7 Security at the front Gate. All of this just steps from the Gulf of Mexico could be yours CALL TODAY THIS IS A MUST SEE!!!!!!

909 Santa Rosa Blvd Unit 255, Fort Walton Beach
909 Santa Rosa Blvd Unit UNIT 162, Fort Walton Beach
$380,000
2 Beds ⋅ 2 Baths ⋅ 1006143 MLS
Some beach condos offer a Gulf view from the balcony. El Matador 162 welcomes you with the Gulf the moment you open the front door. Perched on the top floor of one of Okaloosa Island's most established Gulf-front communities, this beautiful fully furnished 2-bedroom condominium captures stunning views of the Gulf of Mexico, the resort grounds, and the Santa Rosa Sound. Enjoy a full Gulf view as you enter, relax on your private balcony overlooking the emerald waters, and watch boats drift across the Sound from your kitchen window. With water views from nearly every window, this is the kind of beach home that reminds you why people dream of owning on the Emerald Coast. Offering 1,035 square feet of comfortable living space, the condo features updated bathrooms with a beautifully tiled shower, new vanities, fresh paint, hurricane-rated sliding glass doors and windows, new ceiling fans with remote controls, programmable thermostat, programmable lock, pantry, owner's closet, and an additional lockable storage closet on the balcony. The property conveys fully furnished, allowing the next owner to begin enjoying it immediately or continue operating it as a successful vacation rental. Unlike many beachfront condominiums, El Matador sits on approximately 12 beautifully landscaped acres at the quiet western end of Okaloosa Island, bordering miles of undeveloped Gulf-front shoreline. The result is a peaceful, uncrowded beach experience that feels worlds away while remaining just minutes from the Okaloosa Island Boardwalk, Destin, shopping, restaurants, and entertainment. Owners and guests enjoy one of the area's most complete resort amenity packages, including deeded beach access, two swimming pools (one heated), fitness center, sauna, whirlpool, tennis courts, pickleball, basketball, picnic and grilling areas, community room, fishing, gated security, elevators, and beautifully maintained grounds. Whether you're searching for a second home, a Gulf-view vacation getaway, or an investment property, this condo offers exceptional flexibility. Recent rental performance produced approximately $30,179 net in 2024 and $31,227 net in 2025, demonstrating the property's ability to help offset ownership costs while still providing plenty of opportunities for personal enjoyment. Buy with confidence knowing the community has completed its Structural Integrity Reserve Study (SIRS), maintains adequate HOA reserves, and is eligible for conventional financing--advantages that have become increasingly important in today's Florida condominium market. If you've been waiting for a top-floor Gulf-view condo in a gated beachfront community that combines lifestyle, investment potential, and long-term value, El Matador 162 deserves a place at the top of your list.

909 Santa Rosa Blvd Unit UNIT 162, Fort Walton Beach
909 Santa Rosa Blvd Unit 553, Fort Walton Beach
$350,000
2 Beds ⋅ 2 Baths ⋅ 1002364 MLS
Welcome to your slice of paradise on Okaloosa Island. This charming 2 bedroom and 2 bathroom condo offers 1,035 sq. ft with the master bedroom offering GULF FRONT VIEWS FROM YOUR PERSONAL BALCONY. The living and dining areas flowing seamlessly together, inviting natural light from the balcony view, including new sliding glass doors. The kitchen provides ample cabinet space, with beautiful tiled backsplash, and counter space, elegant natural granite countertops. Both bedrooms are generously sized, offering sufficient closet space. El Matador offers exceptional amenities that include 2 pools (one Gulf view), grilling areas, beachfront gazebo, fitness center, community room, tennis courts, and 24-hour security.

909 Santa Rosa Blvd Unit 553, Fort Walton Beach
909 Santa Rosa Blvd Unit 530, Fort Walton Beach
$384,000
2 Beds ⋅ 2 Baths ⋅ 999064 MLS
Experience the best of the Emerald Coast from this beautifully updated, fully furnished turnkey condo located in the highly sought-after El Matador on beautiful Okaloosa Island. Enjoy stunning direct bay views from your private balcony while being just a short walk from the sugar-white beaches and emerald waters of the Gulf. This coastal retreat is ideal as a full-time residence, vacation getaway, or investment property with proven rental history and convenient on-site rental management. Recent updates include new kitchen cabinets, countertops, appliances, fresh paint, updated flooring, window treatments, and a new sliding glass door. Offered fully furnished and move-in ready, this condo allows you to immediately begin enjoying the coastal lifestyle. Residents and guests enjoy resort-style amenities including a gated community, two pools with one heated, hot tub, tennis courts, exercise room, and close proximity to deep sea fishing, golf, shopping, dining, and entertainment in both Fort Walton Beach and Destin. Don't miss this opportunity to own your piece of paradise on the Emerald Coast.

909 Santa Rosa Blvd Unit 530, Fort Walton Beach
909 Santa Rosa Blvd Unit UNIT 515, Fort Walton Beach
$300,000
1 Beds ⋅ 1 Baths ⋅ 990862 MLS
Stunning Beach Retreat! This beautifully remodeled unit is the perfect beach retreat, offering a blend of comfort and style that will make every stay unforgettable. As you enter, you'll be greeted by a charming bunk area featuring a twin bed and a TV. The fully stocked kitchen has gorgeous new countertops and Kraftmade cabinetry, providing everything you need to whip up a delicious meal. The large living and dining space is perfect for unwinding after a fun-filled day at the beach or pool, which is conveniently located just outside the front door. Retreat to the beautifully decorated bedroom, complete with a queen-size bed and an entrance to the bath for added privacy. Enjoy easy access with ground floor living, along with new hurricane windows and sliding door for peace of mind.

909 Santa Rosa Blvd Unit UNIT 515, Fort Walton Beach
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