214 Toledo Place, Panama City Beach, FL 32413 (MLS# 770764)

HOA Fee: No

New Buyer Fee: No

Brokerage Interest: No Interest

List Price/SqFt: 531.59

Status: Sold

List Date: 2025-03-21

List Price: $1,725,000

Current Price: $1,725,000

Sub Area: 0324 - Beach - West Central

Community/Resort: Laguna Beach

Waterfront: No

Elementary School: West Bay

Middle School: Surfside

High School: Arnold

Directions: From Hwy 79' and Panama City Beach Pkwy (Back Beach Road) or Front Beach Road turn on Toledo Place.

Area: 03 - Bay County - Beach

Street #: 214

Street Name: Toledo

Street Suffix: Place

State: FL

Zip Code: 32413

County: Bay

Subdivision: Laguna Beach

Parcel ID: 37596-010-000

Legal Description: LAGUNA BEACH (7.02) BEG AT NLY COR OF LOT 7 ELY 71.49' S 51.58' WLY 84.71' N 49.86' TO POB AKA PT OF LOT 7 BLK 13 ORB 4677 P 1269

Acreage: 0.08

Design: Beach House

Lot Size (SqFt): 3485

Apx SqFt(Htd/Cooled): 3245

Construction Status: Construction Complete

SqFt Source: Builders Plans

Lot Dimensions: 50x71x51x84

New Construction: Yes

Garage Y/N: Yes

Garage Spaces: 2

Pool: Yes

Pool Type: Private

Sub-Type: Detached Single Family

Bedrooms: 5

Full Baths: 5

Total Baths: 5

Year Built: 2025

Remarks: Unlock the potential of coastal real estate with 214 Toledo Place in Panama City Beach, FL, Laguna Beach. This property presents a lucrative investment opportunity, offering a blend of luxury amenities, prime location, and energy efficiency. With 3245 sq ft of heated/cooled space, this 3-story home features 5 bedrooms and 5 full bathrooms. Its close proximity to public beach access ensures high demand for short-term rentals, making it an attractive prospect for investors. Each aspect of this property has been carefully designed to maximize returns. From the balconies with water views to the oversized covered outdoor kitchen/entertaining space, every detail caters to the desires of vacationers seeking the ultimate coastal getaway. The outdoor kitchen is equipped with a 38'' built-in grill, outdoor ducted hood, ice-maker, mini-fridge, and sink, providing the perfect setting for al fresco dining and entertaining. Inside, premium features such as 10' ceilings, PGT Impact windows/doors, Carrera Marble tile, and Quartz countertops elevate the property's appeal, commanding premium rental rates. Energy efficiency is integrated into the construction with 2x6 framing, R-19 insulation, and a spray foamed roof deck, ensuring lower utility costs and a smaller environmental footprint. Custom touches, including 8' solid wood interior doors, wooden closet shelving, and low-profile mud-in HVAC grills, add a touch of luxury, while safety and convenience are ensured with a sprinkler/fire alarm system (short-term rental requirements) and a 2-car garage. For added convenience, the property boasts laundry rooms on both the 1st and 3rd floors, making it exceptionally practical for guests and maximizing rental appeal. For savvy investors, the inclusion of natural gas appliances (natural gas on-demand tankless water heater, natural gas 36'' kitchen range, natural gas 38'' built-in outdoor grill, natural gas pool heater), including a heated saltwater pool and outdoor shower, not only enhances the property's attractiveness but also reduces long-term operational costs. Fully furnished and move-in ready, this property offers immediate income potential.

Sold Price/SqFt: 531.59

Sold Price/Acre: 21562500

Under Contract Date: 2025-03-21

Sold Date: 2025-03-21

Sold Price: $1,725,000

Second: 1

First: 1

First: 1

Third: 1

Inground: 1

Cooktop - Gas: 1

Dishwasher: 1

Dryer: 1

Microwave: 1

Range - Gas: 1

Range Hood: 1

Refrigerator: 1

Washer: 1

Water Heater - Gas: 1

Fireplace: 1

Kitchen Island: 1

Lighting - Recessed: 1

Lock Out Closet: 1

Pantry: 1

Split Bedroom: 1

Stairs: 1

Roof - Metal: 1

Balcony: 1

Built-in Barbecue/Grill: 1

Fenced Back Yard: 1

Shower: 1

Porch Covered: 1

Cash: 1

Conventional: 1

Furnished: 1

Smart Thermostat: 1

First: 1

Second: 1

Second: 1

Landscaped: 1

Within 1/2 Mile to Water: 1

City Street: 1

Driveway: 1

Garage Attached: 1

Resid Single Family: 1

Bedroom: 1

Dining Room: 1

Full Bathroom: 1

Garage: 1

Kitchen: 1

Laundry: 1

Library: 1

Living Room: 1

Primary Bathroom: 1

Primary Bedroom: 1

Natural Gas - Connected: 1

Public Sewer - Connected: 1

As Is: 1

Second: 1

Third: 1

Second: 1

Third: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Multi Units: 1

Electric: 1

Fireplace - Electric: 1

Fire Alarm: 1