13215 Oleander Drive, Panama City Beach, FL 32408 (MLS# 625135)

This type of wonderful gulf front home in desirable Bahama Beach rarely comes on the market and presents a true opportunity for the investor or homeowner that wants an updated home on a 60×120 lot directly on the white sand beach. Enjoy the 58×19 foot deck and get carried away by the sounds of the surf and the serenity of the beach. This home has a pre-stressed concrete seawall and high walls around the whole property for privacy and exclusivity. The many improvements to the home include: kitchen update in 2012 to the highest standards including granite, stainless and custom cabinetry, lighting and tile work, carpet was replaced two months ago, each of four bathrooms had updates in 2014 and on and on. A wonderful feature of the home is the extensive parking capability, with space

Supplements: for eight cars outside and two in the garage. The true potential however lies in converting the attached garage to additional living or sleeping space and increasing the home size by about 450 sq. ft. There would be room to add a detached garage and a pool if desired. Home has a security system, termite bond, hurricane shutters, and flood insurance is available. Tax Appraiser gives the effective age of home as 1990. Professional rental manager estimates gross rents between $135,000 to $168,000 per year.