Homes for sale - 5928 Beach DR, Panama City, FL 32408

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Tyler Coon

tyler@savvy.realty +1(828) 620-2541

$685,000

Est. payment - /mo

5 Beds

3 Baths

1,963 SqFt

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UPDATED:

11/04/2024 10:22 PM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,963 sqft

Price per Sqft $348

Subdivision Biltmore Beach 1St Add

MLS Listing ID 756259

Style Traditional

Bedrooms 5

Full Baths 3

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1997

Annual Tax Amount $4,826

Tax Year 2023

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Investor's Dream in Panama City Beach! High-Earning Vacation Rental with Strong History and Exceptional Features!This property is a proven income generator, with rental data showing consistently impressive returns--outperforming projections year after year! With a 2023 gross rental income of $93,000, and 2024 looking to finish just as strong, this 5-bedroom, 3-bathroom, single-story home is set up for maximum occupancy and comfort, accommodating up to 12 guests. It's fully turnkey, conveying all furniture and decor (updated in 2023) along with smart technology like digital thermostats and exterior floodlight cameras. Perfectly poised for the vacation rental market, the property offers coastal furnishings, spacious layouts, and valuable features that will continue to attract and retain renters. This property has been designed with durability and style in mind!Prime Features for High Occupancy Rates:Zero stairs making easy access for guests of all ages, tile flooring throughout, stainless steel appliances, and vaulted ceilings. Multiple Gathering Areas: Two enclosed porches, multiple dining spaces, and a private backyard with ample room for entertainingGuest-Focused Amenities: Laundry/utility room with an additional refrigerator, outdoor shower, pet-friendly backyard with grassy space, and a paver patio complete with a fire-pit and BBQ grillPrivacy for Groups: Spacious primary King ensuite with back patio access, secondary King ensuite, two Queen bedrooms, and a double bunk bedroom--ideal for large families or group bookings.Prime Location & Strong Reviews! This Airbnb rental, known as ''Pelican Paradise,'' boasts 62 reviews with a 4.63 average rating. Just blocks from a public boat ramp, renters can bring their boat or jet ski, adding appeal for guests seeking water-based adventures. Public beach access is nearby, with Rick Seltzer Beach Park and St Andrews State Park each only a mile away. Local dining, entertainment, and golf are within a two-mile radius, making this a highly desirable rental location in Panama City Beach.Additional Incentives: The motivated seller is offering $800 toward a home warranty at closing. Don't miss the chance to acquire this high-earning, low-maintenance investment property. Contact your real estate agent today to learn more or schedule a showing.Note: Buyer to verify all measurements and any information deemed important.

Location

State FL

County Bay

Community Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Interior Features Breakfast Bar, High Ceilings, New Paint, Pantry, Remodeled, Recessed Lighting, Vaulted Ceiling(s)

Heating Central

Cooling Central Air, Ceiling Fan(s)

Fireplaces Type Outside

Furnishings Furnished

Fireplace No

Appliance Double Oven, Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Freezer, Microwave, Range Hood, Washer

Exterior

Exterior Feature Outdoor Shower, Porch, Patio

Parking Features Driveway, Open, Paved

Fence Fenced, Privacy

Community Features Short Term Rental Allowed

Utilities Available Electricity Connected, Septic Available, Water Connected

Roof Type Metal

Porch Porch, Screened

Building

Foundation Slab

Sewer Septic Tank

Architectural Style Traditional

Construction Status Updated/Remodeled

Schools

Elementary Schools Patronis

Middle Schools Surfside

High Schools Arnold

Others

Tax ID 32122-000-000

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by Beachy Beach Real Estate

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Tyler Coon

+1(828) 620-2541

Founder & CEO | License ID: 313885

Founder & CEO License ID: 313885

5928 Beach DR Panama City, FL 32408

Tyler Coon

Key Details

Location

Interior

Exterior

Building

Schools

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5928 Beach DR