Fort Walton Beach · Condo Building
El Matador Condos for Sale
El Matador, 316 homes on about 11 acres of Okaloosa Island, has a Fort Walton Beach address. Five recorded plans run from 480 to 1,113 square feet, and the county roll dates every home to 1971. Unit numbers that reach the 600s suggest Florida's milestone law applies, setting a first inspection before the end of 2024.
Updated
1971
Year Built
316
Total Units
Year built, floor and unit figures are as published by the sources cited at the foot of this page. Confirm them against the association's own documents during diligence.
Guest rating
4.8 out of 5
From 1,494 guest reviews on Airbnb and Vrbo
Across 64 rental listings with guest reviews in El Matador
- Airbnb 4.8
- Vrbo 4.7
About El Matador
El Matador is recorded as 316 separate condominium parcels under one name. Every one carries 1971 as its year built and every one is addressed to 909 Santa Rosa Boulevard on Okaloosa Island. The parcel numbers fall into six series, one for each hundred of unit numbers: 60 homes in each of the first five and 16 in the sixth. The land is on the stretch of Santa Rosa Island that Okaloosa County calls Okaloosa Island, and the Census Bureau's 2026 boundary file puts it outside the city of Fort Walton Beach, so the county is the local government to ask. The one shared outline drawn for all 316 parcels covers about 11 acres, and at that scale El Matador compares best with other large island buildings listed in the Fort Walton Beach condominium directory.
The recorded interior sizes number only five. A total of 180 homes are 1,035 square feet, 60 are 1,113, 36 are 814 and 24 are 935. The 16 homes in the 600s are all 480 square feet, less than half the building's most common size. Those sizes come from the county roll and describe plans rather than any one measured residence. With so few plans repeated across 316 homes, closings on the El Matador market analytics can be matched plan to plan, and the small homes in the 600s make a group of their own.
FEMA's current flood map does not give this land a single answer. Sample points inside the outline fall in the coastal VE zone along the southern edge, then an AO zone, then AE and shaded X zones toward the north. VE, AO and AE are mapped special flood hazard areas, and the shaded X zone is FEMA's 0.2 percent annual chance band. The zone for a given home depends on where the building stands, so the map at the address and the elevation certificate settle it.
Age matters as well. A 1971 roll date puts El Matador among the buildings that crossed 30 years before July 1, 2022. For that group, section 553.899 of the Florida Statutes gave condominium buildings of three habitable stories or more until the end of 2024 for a first structural milestone inspection, then a new one every ten years, with the clock set by first approval for use. Unit numbers that climb into the 600s suggest the law reaches this building. The association holds the inspection report, the repairs it called for and the record of how those repairs were paid for.
HOA & Fees
What is the HOA fee at El Matador?
As of November 11, 2026, the 16 El Matador condos for sale that report a fee on the MLS list HOA fees from $900 to $909 a month, with a median of $909 a month. Fees vary with unit size and type, so the fee for a specific residence is the one its listing and the association state.
Based on 16 active MLS listings that report an HOA fee. See the listings
El Matador's recorded declaration, association registration, current budget and reserve study could not be reviewed for this page, so what the dues cover, what the master insurance policy carries and how reserves are funded remain open questions. For a building of 316 homes sharing one recorded tract, a written request to the association for the budget, the reserve schedule, the milestone inspection report and any assessment voted or pending fills in what the public record cannot say.
Rental Policy
Short-term rentals: allowed. Confirm the current minimum stay and registration with the association.
For El Matador owners, the county's rental page gives three pointers. First is the state lodging license. Second is the tourist development tax. A guest stay of six months or less triggers it. Third is Growth Management, which answers whether an Okaloosa Island lot sits in a restricted area. The page also says the county may regulate registration and guest counts. Nobody has yet read El Matador's declaration or house rules. Ask the El Matador association for both before you plan a lease.
What guests say about staying here
Combined Airbnb and Vrbo ratings for the vacation rentals in El Matador.
4.8 out of 5
1,494 reviews across 64 reviewed listings
- Airbnb 4.8 from 1,160 reviews on 47 reviewed listings
- Vrbo 4.7 from 334 reviews on 17 reviewed listings
What Airbnb guests rate
- Cleanliness4.8
- Accuracy4.8
- Check-in4.9
- Communication4.9
- Location4.9
- Value4.8
Guests rate check-in and the location highest.
These ratings describe the vacation rentals in El Matador, not any one unit for sale.
Market data by Key Data · 62 units tracked in El Matador · Nov 2025 to Nov 2026
Live Inventory
Active Listings at El Matador

$399,000
909 Santa Rosa Boulevard Unit 523
Fort Walton Beach, FL 32548

$269,766
909 Santa Rosa BLVD Unit 235
Fort Walton Beach, FL 32548

$425,000
909 Santa Rosa Boulevard Unit 237
Fort Walton Beach, FL 32548

$349,900
909 Santa Rosa Boulevard Unit 265
Fort Walton Beach, FL 32548

$430,000
909 Santa Rosa Boulevard Unit 329
Fort Walton Beach, FL 32548

$379,975
909 Santa Rosa BLVD Unit 118
Fort Walton Beach, FL 32548

$448,000
909 Santa Rosa Boulevard Unit 528
Fort Walton Beach, FL 32548

$285,000
909 Santa Rosa Boulevard Unit 524
Fort Walton Beach, FL 32548

$387,979
909 Santa Rosa BLVD Unit 532
Fort Walton Beach, FL 32548

$339,900
909 Santa Rosa Boulevard Unit 255
Fort Walton Beach, FL 32548

$450,000
909 Santa Rosa Boulevard Unit 143
Fort Walton Beach, FL 32548

$380,000
909 Santa Rosa Boulevard Unit 162
Fort Walton Beach, FL 32548
The short-term rental badge above is not a permission of record. It reflects the MLS short-term-rental field where a listing discloses one, and otherwise where the home sits. Confirm the association's current rules and the local registration requirement before relying on it.
Showing 12 of 16 active listings at El Matador. See every active listing at El Matador
Building Answers
El Matador FAQ
How much is the HOA fee at El Matador?
As of November 11, 2026, the 16 El Matador condos for sale that report a fee on the MLS list HOA fees from $900 to $909 a month, with a median of $909 a month. Fees vary with unit size and type, so the fee for a specific residence is the one its listing and the association state.
What does Okaloosa County ask of El Matador owners who rent short term?
Okaloosa County's rental page points owners to the state lodging license. Guests staying six months or less owe the tourist development tax, and Growth Management can say whether a given island lot is restricted. El Matador's own lease requirements are written into its declaration and house rules, and the association can provide both.
Which El Matador homes are the 480 square foot ones?
All 16 are in the 600s, unit numbers 610 to 617 and 620 to 627. Their recorded size is less than half the 1,035 square feet shared by 180 other homes, so a comparison that mixes them with lower-level homes says little about either group.
Is El Matador inside Fort Walton Beach city limits?
El Matador lies outside Fort Walton Beach city limits on the Census Bureau's 2026 boundaries, which show no incorporated place at the land. Mail is delivered under a Fort Walton Beach address, yet Okaloosa County is the government to ask.
Does one flood zone cover all of El Matador's land?
FEMA's current map splits El Matador's land among several zones: VE along the south, then AO, with AE and shaded X zones toward the north. The map at the building's own footprint and its elevation certificate show which zone applies, rather than one zone for every home.
Does El Matador's land reach the Gulf beach?
Nothing in the parcel records places the land at the water's edge. The county's covenants for Okaloosa Island set the first 150 feet inland from mean high water in front of its residential and apartment zones as public beach and the next 150 feet as leaseholders' beach on the plats, so the parcel outline does not settle beach rights. The recorded plat and the building's declaration are the documents to ask for.
Sources
- Florida Statewide Cadastral: El Matador parcels at 909 Santa Rosa Boulevard (accessed October 17, 2026)
- FEMA National Flood Hazard Layer: flood zones inside the El Matador land outline (accessed October 17, 2026)
- Census Bureau incorporated places, 2026 boundaries, at El Matador (accessed October 17, 2026)
- Okaloosa County short-term rental resource page (accessed October 17, 2026)
- Okaloosa Island Protective Covenants and Restrictions (accessed October 17, 2026)
- 2026 Florida Statutes, section 553.899 (accessed October 17, 2026)
Nearby Buildings in Okaloosa Island
- Emerald IsleCondo building · 70 units · Built 1974
- Island IslaCondo building · 12 units · Built 1984
- Island PrincessCondo building · 137 units · Built 1999
- Pelican IsleCondo building · 98 units · Built 2002
- Seacrest CondominiumsCondo building · 90 units · Built 2000
- Waters EdgeCondo building · 106 units · Built 2002
- Waterscape ResortCondo building · 339 units · Built 2008
Other Fort Walton Beach Condo Buildings
- Waterscape ResortCondo building · 339 units · Built 2008
- Destin West Beach & Bay ResortCondo building
- Pirates BayCondo building · 120 units · Built 1986
- HermitageCondo building · 42 units · Built 1983
- Islander Beach ResortCondo building · 114 units
- Pelican IsleCondo building · 98 units · Built 2002
- Waters EdgeCondo building · 106 units · Built 2002
- Two Hundred WestCondo building · 37 units · Built 1984
- SeasprayCondo building · 100 units · Built 1970
- Venus by the SeaCondo building · Built 1973
- AzureCondo building · 135 units · Built 2005
- Palm Court Yacht ClubCondo building · Built 1999
- Breakers of Fort Walton BeachCondo building · 183 units · Built 1982
- Emerald IsleCondo building · 70 units · Built 1974
- Sea PalmCondo building · 40 units · Built 1979
- FountainheadCondo building · 148 units · Built 1980
- Sea OatsCondo building · 80 units · Built 1983
- Seacrest CondominiumsCondo building · 90 units · Built 2000
- Island PrincessCondo building · 137 units · Built 1999
- Island EchoCondo building · Built 1974
- Sea DunesCondo building · 24 units · Built 2006
- Tropical IsleCondo building · 31 units · Built 1996
- Intercoastal PointeCondo building
- BluCondo building · 47 units · Built 2019
- Commodores LandingCondo building · 57 units · Built 1983
- Island IslaCondo building · 12 units · Built 1984
- Dune PointeCondo building · 20 units · Built 2000
Communities in This Market
Want to know when something new lists in El Matador? By turning on this alert you agree that Dream Destin Realty may email you when new homes match this saved search - on Tuesdays and Fridays unless you change it. Email only - we will not call or text you about this. Change the cadence or turn it off any time under Saved Searches, every alert includes an unsubscribe link, and your email address is handled under our Privacy Policy.
Buying or selling at El Matador?
We track this building's sales, fees, and rental rules - get the full picture before you commit.
