140 Paradise Found Circle 27
Panama City Beach, FL 32413
MLS# 788484
1 beds | 2 baths | 816 sqft
Property DescriptionWelcome to ''Surf Bungalow 27,'' your private slice of paradise at the premier Margaritaville Beach Cottage Resort on Front Beach Road--one of the most sought-after Gulf-front communities in Panama City Beach.
This posh 1-bedroom + mezzanine cottage showcases the highly desirable ''Surf's Up'' floor plan, offering 816 square feet--the largest of the Surf Bungalow layouts. With only 14 of 42 bungalows built in this configuration--this property presents a rare opportunity for both ownership and investment.
Thoughtfully designed for comfort and functionality, the home features a main-level primary suite with a king bed and private ensuite bath, along with a spacious mezzanine offering full-over-full built-in bunk beds and its own private bath. The open-concept layout includes a well-appointed kitchen, dining area, and inviting living space, all professionally furnished and completely turnkey.
Enjoy outdoor living on the spacious front porch, surrounded by lush tropical landscaping for added privacy. Ideally positioned within the community, ''Surf Bungalow 27'' is among the closest units to the clubhouse and pool--enhancing both convenience and rental appeal.
Resort-style amenities elevate the experience, including nearly 600 feet of private beach access, a zero-entry resort pool, two waterslides, a lazy river, and exclusive access to the resort clubhouse featuring a fitness center, arcade, activity center, conference space, and the popular License to Chill Bar & Restaurant.
With strong rental potential and bookings already secured for 2026, ''Surf Bungalow 27'' is a true turnkey investment offering both income potential and an exceptional coastal lifestyle.
Don't miss this rare opportunity to own one of the most desirable properties in Panama City Beach.
HOA Fee: Yes
HOA Amount: 1880
HOA Frequency: Quarterly
HOA Annual Amount: 7520
New Buyer Fee: Yes
New Buyer Fee Amt: 6200
New Buyer Fee Paid: $
Last Taxes: 5104
Last Tax Year: 2025
Brokerage Interest: No Interest
List Price/SqFt: 701.59
Status: Active
List Date: 2026-04-16
List Price: $572,500
Unit #: 27
Sub Area: 0320 - Beach - Middle Central
Community/Resort: None
Waterfront: No
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: Heading west on Front Beach Road turn right into the Margaritaville Beach Cottage Resort entrance. Make a right at stop sign onto Banana Wind Way and follow Banana Wind Way past the clubhouse and 140 Paradise Found Circle (Surf Bungalow 27) will be the second home to your right.
Area: 03 - Bay County - Beach
Street #: 140
Street Name: Paradise Found
Street Suffix: Circle
County: Bay
Subdivision: Margaritaville Cottages
Parcel ID: 40001-605-027
Legal Description: SURF BUNGALOW AT MARGARITAVILLE BEACH COTTAGE RESORT UNIT #27 ORB 4839 P 1148
Acreage: 0
Design: Bungalow
Lot Size (SqFt): 0
Apx SqFt(Htd/Cooled): 816
Construction Status: Construction Complete
SqFt Source: Builders Plans
# of Stories in Building: 2
Lot Dimensions: 0x0
New Construction: No
Garage Y/N: No
Assigned Spaces: 1
Pool: Yes
Pool Type: Community
Sub-Type: Detached Single Family
Total Baths: 2
Year Built: 2024
Remarks: Welcome to ''Surf Bungalow 27,'' your private slice of paradise at the premier Margaritaville Beach Cottage Resort on Front Beach Road--one of the most sought-after Gulf-front communities in Panama City Beach.
This posh 1-bedroom + mezzanine cottage showcases the highly desirable ''Surf's Up'' floor plan, offering 816 square feet--the largest of the Surf Bungalow layouts. With only 14 of 42 bungalows built in this configuration--this property presents a rare opportunity for both ownership and investment.
Thoughtfully designed for comfort and functionality, the home features a main-level primary suite with a king bed and private ensuite bath, along with a spacious mezzanine offering full-over-full built-in bunk beds and its own private bath. The open-concept layout includes a well-appointed kitchen, dining area, and inviting living space, all professionally furnished and completely turnkey.
Enjoy outdoor living on the spacious front porch, surrounded by lush tropical landscaping for added privacy. Ideally positioned within the community, ''Surf Bungalow 27'' is among the closest units to the clubhouse and pool--enhancing both convenience and rental appeal.
Resort-style amenities elevate the experience, including nearly 600 feet of private beach access, a zero-entry resort pool, two waterslides, a lazy river, and exclusive access to the resort clubhouse featuring a fitness center, arcade, activity center, conference space, and the popular License to Chill Bar & Restaurant.
With strong rental potential and bookings already secured for 2026, ''Surf Bungalow 27'' is a true turnkey investment offering both income potential and an exceptional coastal lifestyle.
Don't miss this rare opportunity to own one of the most desirable properties in Panama City Beach.
Cooktop - Electric: 1
Dishwasher: 1
Refrigerator: 1
Water Heater - Tankless: 1
Ceiling - Raised: 1
Floor - Vinyl Plank: 1
Window - Treatment All: 1
Foundation - On Piling: 1
Roof - Metal: 1
Siding - Hardie Board: 1
Trim - Hardie Board: 1
Porch Covered: 1
Storm Windows: 1
Beach: 1
Community Room: 1
Conference Center: 1
Dumpster: 1
Exercise Room: 1
Game Room: 1
Ground Keeping: 1
Internet-WiFi: 1
Master Association: 1
Pool: 1
Recreational Faclty: 1
Security: 1
Trash Disposal: 1
TV Cable: 1
Dedicated Beach: 1
Deeded Access: 1
Deeded Access Water: 1
Near Beach Access: 1
Within 1/2 Mile to Water: 1
Paved Road: 1
Private Road: 1
Additional Parking: 1
Assigned: 1
MBath Shower Only: 1
MBed First Floor: 1
Resid Single Family: 1
Resort: 1
Beach: 1
Community Room: 1
Exercise Room: 1
Game Room: 1
Security-24 hour: 1
Water Park: 1
Recreation Facilities: 1
Sidewalks: 1
TV Cable: 1
Electricity - Connected: 1
Natural Gas - Connected: 1
Internet - Fiber Optic: 1
Phone - Connected: 1
Public Sewer - Connected: 1
Public Water - Connected: 1
Ceiling Fan(s): 1
Central Air: 1
24 Hour Security: 1
Security Guard: 1
Appliances: Cooktop - Electric; Dishwasher; Ice Maker; Microwave; Refrigerator; Water Heater - Tankless
Cooling: Ceiling Fan(s); Central Air; Electric
Heating: Central; Electric
Exterior: Porch Covered; Storm Windows
Association Fees Include: Beach; TV Cable; Community Room; Dumpster; Exercise Room; Game Room; Internet-WiFi; Ground Keeping; Master Association; Conference Center; Pool; Recreational Faclty; Security; Sewer; Telephone; Trash Disposal; Water; Water Park
Financing: Cash; Conventional
Lot Features: Dedicated Beach; Deeded Access; Deeded Access Water; Near Beach Access; Within 1/2 Mile to Water
Lot Access: Paved Road; Private Road
Security Features: 24 Hour Security; Security Guard; Smoke Detector(s)
Parking Features: Additional Parking; Assigned; Parking Lot; Paved
Association Amenities: Beach; Community Room; Dining; Dumpster; Elevators; Exercise Room; Game Room; Pool; Recreation Facilities; Retail Shops; Security-24 hour; Sidewalks; Water Park; Waterfront
Rooms: Kitchen; Living Room; Loft; Master Bedroom
Utilities: TV Cable; Electricity - Connected; Internet - Fiber Optic; Natural Gas - Connected; Phone - Connected; Public Sewer - Connected; Public Water - Connected
Present Zoning: Resid Single Family; Resort
| Room Name | Level | Dimensions | Length | Width | Dimensions | Remarks |
| Master Bedroom | First | 9.9 x 11.11 | 9.90 | 11.11 | 9.9 x 11.11 | |
| Loft | Second | 9.9 x 12.3 | 9.90 | 12.30 | 9.9 x 12.3 | |
| Kitchen | First | 15 x 9.2 | 15.00 | 9.20 | 15 x 9.2 | Kitchen/Dining room |
| Living Room | First | 15 x 12.7 | 15.00 | 12.70 | 15 x 12.7 | |
Listing Office: The Premier Property Group
Last Updated: April - 16 - 2026
Information deemed reliable but not guaranteed.