10637 Front Beach Road, Panama City Beach, FL 32407 (MLS# 419793)

10637 Front Beach Road, Panama City Beach, FL 32407

$1,300,000

Property Type: Commercial Land Lot Size (sq. ft.): 70,567 Status: Sold

Current Price: $1,300,000 List Date: 8/25/2011 Last Modified: 10/08/2024

Overview

Description

1.62 Acres on the Gulf of Mexico. This is a bank REO property for immediate sale as-s with no warranties or representations. The existing improvements include the 48-Unit Beach Club Motel and two single-family residential structures on the north side of Front Beach Road. The motel will stay open through Labor Day Weekend and will close in September. No value is placed on the existing structures. The Gulf-front parcel has 230′ of water-frontage and is 0.67 acres. The property located on the north side of front beach road is comprised of #4 additional parcels (34930-000-000, 34929-000-000, 34936-000-000, 34937-000-000) totaling 1.04 acres. The current land use is T-2, Professional & Retail Sales and T-3, Accomodations & Retail Sales within the City limits of Panama City Beach.

Listing Details MLS# 419793

Location, Tax & Legal

Street #: 10637
Street Name: Front Beach
Street Suffix: Road
State: FL
Zip Code: 32407
County: Bay
Area: 03 – Bay County – Beach
Subdivision: Long Beach
Parcel ID: 34895-000-000
Legal Description: 1) LONG BEACH LOTS 10, 11, 12 & 12A BLK 1 AKA PH I, ii & iii orb 1447 P 1364 ORB 1462 P1973 LESS 5'TO PCB WALKWAY IN THE MIDDLE OF LOT 12 LESS ELY 10'OF LOT 10 ORB 2912 P 1553 2) LONG BEACH 3RD ADD LOTS 2 & 3 BLK 8 ORB 2912 P 1553 3) LONG BEACH 3RD ADD LOT 1 BLK 8 LESS R/W ORB 2912 P 1553 4) LONG BEACH 3RD ADD LOT 12 BLK 8 LESS R/W ORB 2912 P 1553 5) LONG BEACH 3RD ADD LOTS S14, 15, 16, 17 BLK 8
Sub Area: 0318 – Beach – Central South
Community/Resort: Long Beach
Waterfront: Yes
Section: 36
Township: 3S
Range: 16W
Elementary School: Breakfast Point
Middle School: Surfside
High School: Arnold
Directions: Located in the Long Beach area of Panama City Beach on Front Beach Road and Churchwell Drive.
HOA Fee: No

Contract Info

List Price/Acre: 2407407.41
Sub-Type: Land/Acres

General Property Info

Acreage: 1.62
Frontage Feet: 230

Status Change Info

Under Contract Date: 2012-06-22
Sold Date: 2012-06-29
Sold Price/Acre: 802469.14

Waterfront Feature

Waterfront Feet: 230

Remarks & Misc

Remarks: 1.62 Acres on the Gulf of Mexico. This is a bank REO property for immediate sale as-s with no warranties or representations. The existing improvements include the 48-Unit Beach Club Motel and two single-family residential structures on the north side of Front Beach Road. The motel will stay open through Labor Day Weekend and will close in September. No value is placed on the existing structures. The Gulf-front parcel has 230' of water-frontage and is 0.67 acres. The property located on the north side of front beach road is comprised of #4 additional parcels (34930-000-000, 34929-000-000, 34936-000-000, 34937-000-000) totaling 1.04 acres. The current land use is T-2, Professional & Retail Sales and T-3, Accomodations & Retail Sales within the City limits of Panama City Beach.

More Information

Present Zoning

City: Yes
Commercial: Yes

Utilities

Electricity – Connected: Yes
Water Connected: Yes

Waterview

Gulf: Yes

Waterfront Type

Gulf: Yes

TransportationAccess

2 – Lane: Yes

Property Features

TransportationAccess: 2 – Lane Utilities: Electricity – Connected; Water Connected Waterfront Type: Gulf Present Zoning: Commercial Waterview: Gulf

Listing Office: Counts Real Estate Group Inc

Last Updated: October – 08 – 2024

Information deemed reliable but not guaranteed.