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: $1,290,000 List Date: 12/26/2024 Last Modified: 3/07/2025

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. 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 MLS# 766542

Listing Info, Tax and Legal

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

Contract Info

List Price/SqFt: 550.34 Status: Sold List Date: 2024-12-20 List Price: $1,290,000 Current Price: $1,230,000

Location

Sub Area: 0324 – Beach – West Central Community/Resort: Laguna Beach Waterfront: No 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 Area: 03 – Bay County – Beach Street #: 117 Street Name: Rose Street Suffix: Lane State: FL Zip Code: 32413 County: Bay Subdivision: Laguna Beach Estates 1st Add Parcel ID: 36644-000-000 Legal Description: LAGUNA BEACH ESTATES 1ST ADD LOT 8 BLK 1B ORB 4601 P 96

General Property Info

Acreage: 0.21 Design: Beach House Lot Size (SqFt): 9148 Apx SqFt(Htd/Cooled): 2344 Construction Status: Construction Complete SqFt Source: Prop App Site Half Baths: 1 Lot Dimensions: 75′ x 120′ New Construction: No Garage Y/N: No Pool: Yes Pool Type: Private Sub-Type: Detached Single Family Bedrooms: 6 Full Baths: 4 Total Baths: 5 Year Built: 1950

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

Status Change Info

Sold Price/SqFt: 524.74 Sold Price/Acre: 5857142.86 Under Contract Date: 2025-02-04 Sold Date: 2025-03-07 Sold Price: $1,230,000

Dining Room

First: 1

Pool Features

Heated – Electric: 1 Inground: 1 Saltwater: 1 Spa/ Hot Tub: 1

Appliances

Cooktop – Electric: 1 Dishwasher: 1 Dryer: 1 Ice Maker: 1 Oven – Electric: 1 Range – Electric: 1 Refrigerator: 1 Washer: 1 Water Heater – Electric: 1

Interior Features

Breakfast Bar: 1 Fireplace: 1 Floor – Hardwood: 1 Lock Out Closet: 1 Stairs: 1

Construction/Siding

Block: 1 Foundation – Slab on Grade: 1 Roof – Composite Shngl: 1

Exterior

Fenced Back Yard: 1 Fenced Privacy: 1 Fire Pit: 1 Shower: 1 Patio Enclosed: 1

Other Structures

Shed(s): 1

Financing

Cash: 1 Conventional: 1 FHA: 1

Furnished

Furnished: 1

Interior

Floor – Concrete: 1

Kitchen

First: 1

Living Room

First: 1

Lot Features

Deeded Access: 1

Lot Access

City Street: 1

Parking Features

Driveway: 1 Oversized: 1

Present Zoning

Resid Single Family: 1

Rooms

Bedroom: 1 Dining Room: 1 Kitchen: 1 Living Room: 1 Master Bedroom: 1

Utilities

TV Cable: 1 Garbage: 1 Phone – Connected: 1 Public Water – Connected: 1 Septic Tank: 1

Accessibility Features

Accessible Approach with Ramp: 1

Sale Type

As Is: 1

Master Bedroom

First: 1

Bedroom

First: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1

Heating

Central: 1 Fireplace – Wood Burning: 1

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

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