$1,600,000
Panama City Beach, FL 32413
MLS# 739208
Status: Sold
6 beds | 6 baths | 2940 sqft
1 / 19
Property Description
This listing is for 16416 and 16418 Front Beach Road. Rare opportunity to own a triplex on TWO lots on Front Beach Road with Gulf views! All units consist of 2 bedrooms and 1.5 bathrooms. Rental projections exceed 50k per unit after renovation. Prime location just minutes away from Pier Park and situated across the street from the beautiful white beaches of the Emerald Coast! Steps away from two beach accesses, close to shopping, dining and entertainment. Call for a showing today!
Details
Maps
Listing Info, Tax and Legal
HOA Fee: No
Is Subject Leased: Yes
Rent/Mo: 1300
Lease Expiration Dt: 2023-05-31
New Buyer Fee: No
Brokerage Interest: No Interest
As Is: No
Contract Info
List Price/SqFt: 680.27
Status: Sold
List Date: 2023-03-24
List Price: $2,000,000
Current Price: $1,600,000
Location
Sub Area: 0320 - Beach - Middle Central
Community/Resort: None
Waterfront: No
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: From Hwy 98, turn onto Arnold Rd. After half a mile, turn slight left onto Front Beach Rd. After .7 miles, the triplex will be on the left.
Area: 03 - Bay County - Beach
Street #: 16418
Street Name: Front Beach
Street Suffix: Road
State: FL
Zip Code: 32413
County: Bay
Subdivision: Lullwater Beach
Parcel ID: 33679-000-000
Legal Description: LULLWATER BEACH 2ND PLAT LOT 5 BLK C ORB 3113 P 1454 and LULLWATER BEACH 2ND PLAT LOT 6 BLK C ORB 1650 P 1105 ORB 1889 P 937
General Property Info
Acreage: 0.27
Design: N/A
Lot Size (SqFt): 11761
Apx SqFt(Htd/Cooled): 2940
Immediate Occupancy: No
Construction Status: Construction Complete
SqFt Source: Prop App Site
Half Baths: 3
# of Stories in Building: 2
# of Units in Bldg: 3
Lot Dimensions: 100x120
Garage Y/N: No
Sub-Type: Triplex Multi-Units
Bedrooms: 6
Full Baths: 3
Total Baths: 6
Year Built: 2001
Remarks & Misc
Remarks: This listing is for 16416 and 16418 Front Beach Road. Rare opportunity to own a triplex on TWO lots on Front Beach Road with Gulf views! All units consist of 2 bedrooms and 1.5 bathrooms. Rental projections exceed 50k per unit after renovation. Prime location just minutes away from Pier Park and situated across the street from the beautiful white beaches of the Emerald Coast! Steps away from two beach accesses, close to shopping, dining and entertainment. Call for a showing today!
Status Change Info
Sold Price/SqFt: 544.22
Sold Price/Acre: 5925925.93
Under Contract Date: 2023-05-12
Sold Date: 2023-06-09
Sold Price: $1,600,000
Balcony
Second: 1
Appliances
Cooktop - Electric: 1
Oven - Electric: 1
Refrigerator: 1
Interior Features
Floor - Laminate: 1
Construction/Siding
Siding - Stucco: 1
Existing Leases
Month To Month: 1
Exterior
Balcony: 1
Porch: 1
Financing
Conventional: 1
Furnished
Unfurnished: 1
Kitchen
First: 1
Living Room
First: 1
Lot Features
Level: 1
Near Beach Access: 1
Within 1/2 Mile to Water: 1
Lot Access
City Street: 1
Present Zoning
Commercial: 1
Rooms
Balcony: 1
Bedroom: 1
Kitchen: 1
Living Room: 1
Utilities
TV Cable: 1
Electricity - Connected: 1
Public Sewer - Connected: 1
Water Connected: 1
Waterview
Gulf: 1
Bedroom
First: 1
Second: 1
Cooling
Central Air: 1
Electric: 1
Heating
Central: 1
Electric: 1
Property Features
Appliances: Cooktop - Electric; Oven - Electric; Refrigerator
Bedroom: First; Second
Cooling: Central Air; Electric
Heating: Central; Electric
Existing Leases: Month To Month
Exterior: Balcony; Porch
Financing: Conventional
Furnished: Unfurnished
Kitchen: First
Living Room: First
Lot Features: Level; Near Beach Access; Within 1/2 Mile to Water
Lot Access: City Street
Balcony: Second
Rooms: Balcony; Bedroom; Kitchen; Living Room
Utilities: TV Cable; Electricity - Connected; Public Sewer - Connected; Water Connected
Waterview: Gulf
Present Zoning: Commercial
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Bedroom | First | 13.3 x 12.6 | 13.30 | 12.60 | 13.3 x 12.6 |
| Living Room | First | 17 x 10 | 17.00 | 10.00 | 17 x 10 |
| Bedroom | Second | 13.3 x 12.6 | 13.30 | 12.60 | 13.3 x 12.6 |
| Bedroom | Second | 13.4 x 10 | 13.40 | 10.00 | 13.4 x 10 |
| Bedroom | Second | 13.3 x 12.6 | 13.30 | 12.60 | 13.3 x 12.6 |
| Kitchen | First | 13 x 11.3 | 13.00 | 11.30 | 13 x 11.3 |
| Bedroom | Second | 13.4 x 10 | 13.40 | 10.00 | 13.4 x 10 |
| Balcony | Second | 11.1 x 13.3 | 11.10 | 13.30 | 11.1 x 13.3 |
Listing Office: Watersound Real Estate
Last Updated: September - 25 - 2024
Information deemed reliable but not guaranteed.