Welcome to Nautilus 1204, a spacious Gulf front condo on Okaloosa Island offering beautiful water views, generous living spaces, and an established rental history. This furnished 2 bedroom, 2 bath residence features approximately 1,100 square feet and a desirable Gulf front primary bedroom, allowing you to wake up to views of the emerald waters and sugar white sand. Both the primary suite and living area open to the private Gulf front balcony, creating an inviting setting for morning coffee, sunsets, and year round coastal living. The spacious floorplan offers large rooms and excellent separation between the bedrooms, making the property equally well suited for a primary residence, second home, or vacation rental investment. Thoughtful updates include tile flooring, new cabinetry in the kitchen and both bathrooms, under cabinet kitchen lighting, upgraded sliding glass doors, and upgraded bedroom windows. With nearly $60,000 in gross rental revenue in 2025, Nautilus 1204 presents an attractive opportunity for buyers seeking an income producing beachfront property in Fort Walton Beach. Nautilus offers direct beach access, a community pool, grilling areas, convenient parking, and an onsite rental office, all just minutes from popular Okaloosa Island dining, boating, shopping, and entertainment. Enjoy the best of Emerald Coast real estate with Gulf front views, a spacious interior, and the flexibility to make this property your full time beach retreat, or investment property.