$895,000
Panama City Beach, FL 32408
MLS# 729009
Status: Sold
12 beds | 6 baths | 4350 sqft
1 / 14
Property Description
Investment opportunity! Two Triplexes- Both 5321 & 5323 Sunset Ave are located off of Thomas Drive. Just a few blocks from the beach access. 6 Units in all. Each unit is 2 bedroom, 1 bath and approximately 725 SF. Each is equipped with range, dishwasher, refrigerator. Each apartment has a private back patio area with a small storage closet. New Roof on each building in 2019. TLC and updating is needed to maximize rent rates. New owner could continue with long term rentals, or potentially convert to short term vacation rentals, or a hybrid version of both long & short term. All measurements are approximate. Please verify if important.
Details
Maps
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 2697
Last Tax Year: 2021
Brokerage Interest: No Interest
As Is: Yes
Contract Info
List Price/SqFt: 205.75
Status: Sold
List Date: 2022-07-03
List Price: $895,000
Current Price: $895,000
Location
Sub Area: 0323 - Beach - South of Grand Lagoon
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: W on Thomas Drive, turn right on Hurt St, and Right on Sunset. Property on the right.
Area: 03 - Bay County - Beach
Street #: 5323
Street Name: Sunset
Street Suffix: Avenue
State: FL
Zip Code: 32408
County: Bay
Subdivision: Biltmore Beach
Parcel ID: 31759-000-000
Legal Description: BILTMORE BEACH LOTS 18 & 19 BLK D ORB 1788 P 1064 ORB 2372 P 1034 ORB 2629 P 2107
General Property Info
Design: N/A
Apx SqFt(Htd/Cooled): 4350
Construction Status: Construction Complete
SqFt Source: Prop App Site
Lot Dimensions: 100x120
Garage Y/N: No
Sub-Type: Triplex Multi-Units
Bedrooms: 12
Full Baths: 6
Total Baths: 6
Year Built: 1980
Remarks & Misc
Remarks: Investment opportunity! Two Triplexes- Both 5321 & 5323 Sunset Ave are located off of Thomas Drive. Just a few blocks from the beach access. 6 Units in all. Each unit is 2 bedroom, 1 bath and approximately 725 SF. Each is equipped with range, dishwasher, refrigerator. Each apartment has a private back patio area with a small storage closet. New Roof on each building in 2019. TLC and updating is needed to maximize rent rates. New owner could continue with long term rentals, or potentially convert to short term vacation rentals, or a hybrid version of both long & short term. All measurements are approximate. Please verify if important.
Status Change Info
Sold Price/SqFt: 205.75
Under Contract Date: 2022-07-07
Sold Date: 2022-09-08
Sold Price: $895,000
Appliances
Dishwasher: 1
Oven - Electric: 1
Range - Electric: 1
Refrigerator: 1
Water Heater - Electric: 1
Interior Features
Washer/Dryer Hookup: 1
Window - Treatment Some: 1
Construction/Siding
Frame: 1
Roof - Dimensional Shg: 1
Siding - Stucco: 1
Siding - Wood: 1
Exterior
Fenced Back Yard: 1
Fenced Privacy: 1
Needs Work: 1
Patio Open: 1
Financing
Cash: 1
Furnished
Unfurnished: 1
Lot Features
Within 1/2 Mile to Water: 1
Lot Access
Paved Road: 1
Parking Features
Parking Lot: 1
Present Zoning
Resid Multi-Family: 1
Rooms
Bedroom: 1
Full Bathroom: 1
Kitchen: 1
Living Room: 1
Primary Bathroom: 1
Primary Bedroom: 1
Showing
ShowingTime: 1
Utilities
Electricity - Connected: 1
Water Connected: 1
Septic Tank: 1
Sale Type
As Is: 1
Cooling
Central Air: 1
Electric: 1
Heating
Central: 1
Electric: 1
Property Features
Appliances: Dishwasher; Oven - Electric; Range - Electric; Refrigerator; Water Heater - Electric
Cooling: Central Air; Electric
Heating: Central; Electric
Exterior: Fenced Back Yard; Fenced Privacy; Needs Work; Patio Open
Financing: Cash
Furnished: Unfurnished
Lot Features: Within 1/2 Mile to Water
Lot Access: Paved Road
Parking Features: Parking Lot
Rooms: Bedroom; Full Bathroom; Kitchen; Living Room; Primary Bathroom; Primary Bedroom
Sale Type: As Is
Showing: ShowingTime
Utilities: Electricity - Connected; Septic Tank; Water Connected
Present Zoning: Resid Multi-Family
Room Information
| Room Name | Dimensions | Length | Width | Dimensions |
| Living Room | 13 x 12.5 | 13.00 | 12.50 | 13 x 12.5 |
| Master Bedroom | 14 x 10 | 14.00 | 10.00 | 14 x 10 |
| Full Bathroom | 8 x 5 | 8.00 | 5.00 | 8 x 5 |
| Kitchen | 14 x 8 | 14.00 | 8.00 | 14 x 8 |
| Bedroom | 11 x 9 | 11.00 | 9.00 | 11 x 9 |
| Bedroom | 11 x 9 | 11.00 | 9.00 | 11 x 9 |
| Master Bathroom | 14 x 10 | 14.00 | 10.00 | 14 x 10 |
| Bedroom | 11 x 9 | 11.00 | 9.00 | 11 x 9 |
| Bedroom | 11 x 9 | 11.00 | 9.00 | 11 x 9 |
| Master Bedroom | 14 x 10 | 14.00 | 10.00 | 14 x 10 |
| Master Bathroom | 14 x 10 | 14.00 | 10.00 | 14 x 10 |
| Bedroom | 11 x 9 | 11.00 | 9.00 | 11 x 9 |
Listing Office: St Andrew Shores Realty Serv
Last Updated: March - 26 - 2025
Information deemed reliable but not guaranteed.