117 Rose Lane, Panama City Beach, FL 32413

$1,230,000
Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 2,344 Lot Size (sq. ft.): 9,148 Status: Sold
Current Price: $1,230,000 List Date: 12/26/2024 Last Modified: 3/07/2025

Overview

Description

CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Grab a (Large) Piece of Olde Florida Charm While You Can! Nautical Rose offers a rare opportunity to own a beachside property with significant rental income potential. After the completion of a brand new massive heated saltwater pool in March 2024, the home generated $128k in net rent for 2024. With $157k already on the books for 2025, the home is on track to hit $175k+ in 2025. The current owner is successfully self-managing the property and is willing to continue managing for a smooth transition, including offering all previous guest and prospect lists. Located just half a block from Laguna Beach, one of the most private public beaches in the U.S., the property is also 8 minutes to Pier Park and Rosemary Beach. This large 0.21-acre lot is the biggest available this close to the beach. The home is nearly all concrete block, featuring 6 bedrooms (3 kings, 2 queens, 1 bunk), 4.5 baths, and ample space for 16 guests. Re

Listing Details MLS# 766542

Contract Info

List Price/SqFt
550.34

Location

Area
03 – Bay County – Beach
Street #
117
Street Name
Rose
Street Suffix
Lane
State
FL
Zip Code
32413
County
Bay
Sub Area
0324 – Beach – West Central
Subdivision
Laguna Beach Estates 1st Add
Community/Resort
Laguna Beach
Waterfront
No
Parcel ID
36644-000-000
Elementary School
West Bay
Middle School
Surfside
High School
Arnold
Directions
Fm intersection of Hwy 79 & Front Beach Rd, go West. Turn right on Rose Lane, just after you pass Thomas Donut & Carousell Supermarket. After you turn on Rose Lane, house is a half block up on the lef
Legal Description
LAGUNA BEACH ESTATES 1ST ADD LOT 8 BLK 1B ORB 4601 P 96

General Property Info

Sub-Type
Detached Single Family
Design
Beach House
Apx SqFt(Htd/Cooled)
2344
SqFt Source
Prop App Site
Full Baths
4
Half Baths
Yes
Total Baths
5
Year Built
1950
Construction Status
Construction Complete
New Construction
No
Garage Y/N
No
Lot Dimensions
75' x 120'
Acreage
0.21
Lot Size (SqFt)
9148
Pool
Yes
Pool Type
Private

Status Change Info

Under Contract Date
2025-02-04
Sold Date
2025-03-07
Sold Price/SqFt
524.74
Sold Price/Acre
5857142.86

Listing Info, Tax and Legal

HOA Fee
No
New Buyer Fee
No
Last Taxes
9571
Last Tax Year
2023
Brokerage Interest
No Interest

Remarks & Misc

Remarks
CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Grab a (Large) Piece of Olde Florida Charm While You Can! Nautical Rose offers a rare opportunity to own a beachside property with significant rental income potential. After the completion of a brand new massive heated saltwater pool in March 2024, the home generated $128k in net rent for 2024. With $157k already on the books for 2025, the home is on track to hit $175k+ in 2025. The current owner is successfully self-managing the property and is willing to continue managing for a smooth transition, including offering all previous guest and prospect lists. Located just half a block from Laguna Beach, one of the most private public beaches in the U.S., the property is also 8 minutes to Pier Park and Rosemary Beach. This large 0.21-acre lot is the biggest available this close to the beach. The home is nearly all concrete block, featuring 6 bedrooms (3 kings, 2 queens, 1 bunk), 4.5 baths, and ample space for 16 guests. Recent upgrades include a 35-foot heated saltwater pool (March 2024), a 7-person Monterey Premier hot tub (February 2023), and two renovated outdoor heated showers (March 2024). A new 5-ton Bosch heat pump (September 2024) and electrical upgrades throughout (August 2024) ensure the home is in top condition. Additional improvements include new septic pipes and septic Clean Out (December 2024). Home also has a whole home surge protector (2024). Brand new oversized washer/dryer (June 2024) & Installed 6th bedroom (August 2024) The sale includes everything on-site, from appliances and furniture to linens, pool table, and outdoor amenities making this a true turnkey investment. With a prime location, strong rental history, and all the upgrades in place, Nautical Rose is a perfect opportunity for investors looking to capitalize on the beach rental market. 2025 (as of 2/1) $157.8k Total $153.7k Net Total $128.1k Total Rent Only

More Information

Dining Room

First
Yes

Pool Features

Heated – Electric
Yes
Inground
Yes
Saltwater
Yes
Spa/ Hot Tub
Yes

Appliances

Cooktop – Electric
Yes
Dishwasher
Yes
Dryer
Yes
Ice Maker
Yes
Oven – Electric
Yes
Range – Electric
Yes
Refrigerator
Yes
Washer
Yes
Water Heater – Electric
Yes

Interior Features

Breakfast Bar
Yes
Fireplace
Yes
Floor – Hardwood
Yes
Lock Out Closet
Yes
Stairs
Yes

Construction/Siding

Block
Yes
Foundation – Slab on Grade
Yes
Roof – Composite Shngl
Yes

Exterior

Fenced Back Yard
Yes
Fenced Privacy
Yes
Fire Pit
Yes
Shower
Yes
Patio Enclosed
Yes

Other Structures

Shed(s)
Yes

Financing

Cash
Yes
Conventional
Yes
FHA
Yes

Furnished

Furnished
Yes

Interior

Floor – Concrete
Yes

Kitchen

First
Yes

Living Room

First
Yes

Lot Features

Deeded Access
Yes

Lot Access

City Street
Yes

Parking Features

Driveway
Yes
Oversized
Yes

Present Zoning

Resid Single Family
Yes

Rooms

Bedroom
Yes
Dining Room
Yes
Kitchen
Yes
Living Room
Yes
Master Bedroom
Yes

Utilities

TV Cable
Yes
Garbage
Yes
Phone – Connected
Yes
Public Water – Connected
Yes
Septic Tank
Yes

Accessibility Features

Accessible Approach with Ramp
Yes

Sale Type

As Is
Yes

Master Bedroom

First
Yes

Bedroom

First
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Heating

Central
Yes
Fireplace – Wood Burning
Yes

Property Features

Accessibility Features: Accessible Approach with Ramp Appliances: Cooktop – Electric; Dishwasher; Dryer; Ice Maker; Oven – Electric; Range – Electric; Refrigerator; Washer; Water Heater – Electric Master Bedroom: First Bedroom: First Cooling: Ceiling Fan(s); Central Air Heating: Central; Fireplace – Wood Burning Exterior: Fenced Back Yard; Fenced Privacy; Fire Pit; Shower; Patio Enclosed Financing: Cash; Conventional; FHA Furnished: Furnished Interior: Floor – Concrete Kitchen: First Living Room: First Lot Features: Deeded Access Lot Access: City Street Dining Room: First Pool Features: Heated – Electric; Inground; Saltwater; Spa/ Hot Tub Parking Features: Driveway; Oversized Other Structures: Shed(s) Rooms: Bedroom; Dining Room; Kitchen; Living Room; Master Bedroom Sale Type: As Is Utilities: TV Cable; Garbage; Phone – Connected; Public Water – Connected; Septic Tank Present Zoning: Resid Single Family

Room Information

Room Name Level Dimensions Length Width
Master Bedroom First 13 x 14 13.00 14.00
Bedroom First 11.6 x 13 11.60 13.00
Living Room First 20 x 21 20.00 21.00
Kitchen First 20 x 9 20.00 9.00
Dining Room First 13 x 7 13.00 7.00
Bedroom First 15 x 13 15.00 13.00
Listing Office: Keller Williams Success Realty
Last Updated: March – 07 – 2025
Information deemed reliable but not guaranteed.