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Dream Destin Realty

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
See what guests rate

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

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

Nearby Buildings in Okaloosa Island

Other Fort Walton Beach Condo Buildings

Communities in This Market

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