$1,610,000
Panama City Beach, FL 32408
MLS# 755937
Status: Sold
10 beds | 10 baths | 4652 sqft
1 / 48
Property Description
Embark on an investment journey with this eye-catching duplex, where the allure of Panama City Beach comes to life. This property offers breathtaking water vistas from its upper level and a spacious layout with five bedrooms on each side, plus additional bunk rooms, totaling 10 rooms alongside two bunk areas. Perfect for accommodating various group sizes, it ensures a comfortable and memorable stay for all guests. Step outside to enjoy the exclusive pool, a serene oasis just moments from your living space. With rental income projections ranging from $260,000 to $280,000, this duplex stands out as a premier investment opportunity in a coveted locale. Positioned merely a block from several beach accesses and two blocks from the famed Schooners seafood restaurant, the location is unbeatable. The interior boasts tasteful designs and high-end finishes curated by a local interior designer, featuring durable LVP flooring, sleek stainless steel appliances, a washer/dryer set, elegant quartz countertops, smooth soft-close cabinetry, stylish tile showers, and more. Offered fully furnished as depicted, this duplex is on a rental program and already earning income!
Details
Maps
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 2520
Last Tax Year: 2023
Brokerage Interest: Familial Interest - Listing Broker/Licensee related to owner.
As Is: Yes
Contract Info
List Price/SqFt: 384.78
Status: Sold
List Date: 2024-02-15
List Price: $1,790,000
Current Price: $1,610,000
Location
Sub Area: 0323 - Beach - South of Grand Lagoon
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: If coming from the Halfway bridge turn onto Thomas Drive and all the way until it almost runs into the water and keep following it to the right at the light. It will be on the right hand side right after Irwin street.
Area: 03 - Bay County - Beach
Street #: 5300
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Gulf Lagoon Beach
Parcel ID: 32376-020-000
Legal Description: GULF LAGOON BEACH LOT 4 & PART OF LOT 5 BLK 18 (6.02) ORB 4496 P 994
General Property Info
Floor Number: 3
Design: Duplex
Apx SqFt(Htd/Cooled): 4652
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Source: Builders Plans
Half Baths: 2
# of Stories in Building: 3
Lot Dimensions: 74X110
New Construction: Yes
Garage Y/N: No
Driveway Spaces: 4
Sub-Type: Duplex Multi-Units
Bedrooms: 10
Full Baths: 8
Total Baths: 10
Year Built: 2024
Remarks & Misc
Remarks: Embark on an investment journey with this eye-catching duplex, where the allure of Panama City Beach comes to life. This property offers breathtaking water vistas from its upper level and a spacious layout with five bedrooms on each side, plus additional bunk rooms, totaling 10 rooms alongside two bunk areas. Perfect for accommodating various group sizes, it ensures a comfortable and memorable stay for all guests. Step outside to enjoy the exclusive pool, a serene oasis just moments from your living space. With rental income projections ranging from $260,000 to $280,000, this duplex stands out as a premier investment opportunity in a coveted locale. Positioned merely a block from several beach accesses and two blocks from the famed Schooners seafood restaurant, the location is unbeatable. The interior boasts tasteful designs and high-end finishes curated by a local interior designer, featuring durable LVP flooring, sleek stainless steel appliances, a washer/dryer set, elegant quartz countertops, smooth soft-close cabinetry, stylish tile showers, and more. Offered fully furnished as depicted, this duplex is on a rental program and already earning income!
Status Change Info
Sold Price/SqFt: 346.09
Under Contract Date: 2024-08-09
Sold Date: 2024-10-16
Sold Price: $1,610,000
Bunk Room
Second: 1
Appliances
Cooktop - Electric: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Oven - Electric: 1
Range - Electric: 1
Refrigerator: 1
Water Heater - Electric: 1
Interior Features
Floor - Vinyl Plank: 1
Kitchen Island: 1
Newly Painted: 1
Construction/Siding
Foundation - Slab on Grade: 1
Roof - Metal: 1
Siding - Hardie Board: 1
Trim - Hardie Board: 1
Exterior
Balcony: 1
Fenced Back Yard: 1
Patio Covered: 1
Pool: 1
Porch Covered: 1
Sprinkler System: 1
Storm Windows: 1
Financing
Cash: 1
Conventional: 1
Furnished
Furnished: 1
Interior
Bunk Room: 1
Lot Access
City Street: 1
Parking Features
Driveway: 1
Present Zoning
Commercial: 1
Rooms
Bedroom: 1
Bunk Room: 1
Primary Bedroom: 1
Utilities
Public Sewer - Connected: 1
Water Connected: 1
Waterview
Gulf: 1
Sale Type
As Is: 1
Bedroom
Second: 1
Third: 1
Cooling
Central Air: 1
Heating
Central: 1
Electric: 1
Security Features
Fire Sprinkler System: 1
Smoke Detector(s): 1
Property Features
Appliances: Cooktop - Electric; Dishwasher; Disposal; Microwave; Oven - Electric; Range - Electric; Refrigerator; Water Heater - Electric
Bedroom: Second; Third
Cooling: Central Air
Heating: Central; Electric
Exterior: Balcony; Fenced Back Yard; Patio Covered; Pool; Porch Covered; Sprinkler System; Storm Windows
Financing: Cash; Conventional
Furnished: Furnished
Interior: Bunk Room
Lot Access: City Street
Bunk Room: Second
Security Features: Fire Sprinkler System; Smoke Detector(s)
Parking Features: Driveway
Rooms: Bedroom; Bunk Room; Primary Bedroom
Sale Type: As Is
Utilities: Public Sewer - Connected; Water Connected
Waterview: Gulf
Present Zoning: Commercial
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Master Bedroom | Second | 12.1 x 13.9 | 12.10 | 13.90 | 12.1 x 13.9 |
| Bedroom | Second | 14.3 x 9.2 | 14.30 | 9.20 | 14.3 x 9.2 |
| Bunk Room | Second | 7 x 9 | 7.00 | 9.00 | 7 x 9 |
| Bedroom | Third | 15.5 x 12.5 | 15.50 | 12.50 | 15.5 x 12.5 |
| Bedroom | Third | 10.2 x 10.7 | 10.20 | 10.70 | 10.2 x 10.7 |
| Bedroom | Third | 10.2 x 10.7 | 10.20 | 10.70 | 10.2 x 10.7 |
| Master Bedroom | Second | 12.1 x 13.9 | 12.10 | 13.90 | 12.1 x 13.9 |
| Bedroom | Second | 14.3 x 9.2 | 14.30 | 9.20 | 14.3 x 9.2 |
| Bunk Room | Second | 7 x 9 | 7.00 | 9.00 | 7 x 9 |
| Bedroom | Third | 15.5 x 12.5 | 15.50 | 12.50 | 15.5 x 12.5 |
| Bedroom | Third | 10.2 x 10.7 | 10.20 | 10.70 | 10.2 x 10.7 |
| Bedroom | Third | 10.2 x 10.7 | 10.20 | 10.70 | 10.2 x 10.7 |
Listing Office: Scenic Sotheby's International Realty
Last Updated: October - 17 - 2024
Information deemed reliable but not guaranteed.