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Key Details
Sold Price $665,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,384 sqft
Price per Sqft $480
Subdivision Crescent Beach Unit 1
MLS Listing ID 741300
Sold Date 08/18/23
Style Coastal
Bedrooms 3
Full Baths 2
Construction Status Fixer
HOA Y/N No
Year Built 1980
Annual Tax Amount $2,926
Tax Year 2022
Lot Size 7,405 Sqft
Acres 0.17
Property Description
*CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS* BUILD YOUR OWN DREAM 8 BEDROOM 8 BATH VACATION HOME WITH THE PLANS THAT CAN COME WITH THE SALE OF THIS HOME WITH A FULL PRICE OFFER!! Opportunities like this only come around once in a lifetime with this very special lot that allows a build of up to 100ft high and not in a flood zone. Short Term rentals allowed, South of Thomas, and 30 steps away to Beach Access 13. The best part here is there is an existing home on this lot so you can finance the entire purchase with a bank. This home can be renovated, but the best and highest use for this property is in building a massive home on the property. Plans to build an 8000 sq ft, 5 story home complete with movie theater, gym, game room, elevator is included. Huge opportunity to build a multi-million dollar home. Make it your primary residence, vacation home, or rent it as a short term rental! It's all allowed. Drone pictures attached show potential view at 65 ft high, however can be built up to 100 ft high according to bay county zoning. Large yard allows for multiple backdoor entertainment options. Whether you decide to knock it down and take advantage of the opportunity to build a large short term rental that is projected to gross $360,000 a year or live in it or rent it out you can't go wrong. With its very close beach access, to the beach and some of the best restaurants, you will be happy you chose this spot of paradise. Look around all of Panama City and you won't find any home with the amenities this house has making it a truly unique opportunity. Don't miss out on this once in a lifetime chance to own this unique piece of Panama City Beach property.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Beamed Ceilings, Fireplace, Pantry
Heating Central, Electric, Fireplace(s)
Cooling Central Air, Ceiling Fan(s), Electric
Furnishings Unfurnished
Fireplace Yes
Appliance Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
Exterior
Garage Carport, Driveway
Fence Partial
Community Features Short Term Rental Allowed
Utilities Available Cable Connected, Electricity Connected, Septic Available, Water Connected
Waterfront No
View Y/N Yes
View Gulf
Roof Type Composition,Shingle
Porch Covered, Patio
Parking Type Carport, Driveway
Building
Foundation Slab
Sewer Septic Tank
Architectural Style Coastal
Construction Status Fixer
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 30855-000-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Listed As-Is
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Bought with Xcellence Realty