140 Paradise Found Circle 2, Panama City Beach, FL 32413 (MLS# 794038)

140 Paradise Found Circle 2, Panama City Beach, FL 32413

New Listing

$545,000

Property Type: Residential Bedrooms: 1 Baths: 2 Square Footage: 768 Status: Active

Current Price: $545,000 List Date: 8/14/2026 Last Modified: 8/14/2026

Overview

Description

Turnkey, fully furnished, and rental-ready, this charming Surf Bungalow offers an exceptional opportunity to own in one of Panama City Beach's premier resort destinations. Whether you're looking to expand your vacation rental portfolio, enjoy a second home with income potential, or both, this beautifully appointed cottage delivers the perfect combination of style, comfort, and resort living. Designed to maximize both space and guest experience, the popular Longboard floor plan features soaring vaulted shiplap ceilings, abundant natural light, an open-concept living area, and coastal-inspired finishes throughout. The main level offers a spacious king bedroom and full bath, while the upstairs sleeping loft with built-in full-over-full bunk beds and an additional full bath comfortably accommodates families and larger groups, making this home especially appealing for vacation rentals. Guests will love gathering in the bright, airy living room, preparing meals in the well-equipped kit … (Read more) Turnkey, fully furnished, and rental-ready, this charming Surf Bungalow offers an exceptional opportunity to own in one of Panama City Beach’s premier resort destinations. Whether you’re looking to expand your vacation rental portfolio, enjoy a second home with income potential, or both, this beautifully appointed cottage delivers the perfect combination of style, comfort, and resort living. Designed to maximize both space and guest experience, the popular Longboard floor plan features soaring vaulted shiplap ceilings, abundant natural light, an open-concept living area, and coastal-inspired finishes throughout. The main level offers a spacious king bedroom and full bath, while the upstairs sleeping loft with built-in full-over-full bunk beds and an additional full bath comfortably accommodates families and larger groups, making this home especially appealing for vacation rentals. Guests will love gathering in the bright, airy living room, preparing meals in the well-equipped kitchen with quartz countertops and stainless appliances, or relaxing on the oversized covered front porch after a day at the beach. Every detail has been thoughtfully designed to create an unforgettable beach getaway while maximizing occupancy and rental appeal. Located within Margaritaville Beach Cottage Resort, owners and guests enjoy access to an incredible collection of resort amenities including a spectacular oasis pool, heated 425-foot lazy river, exciting waterslides, private beach access with approximately 580 feet of dedicated beachfront, poolside cabanas, multiple on-site dining options including License to Chill Bar & Grill and Salty Rim Bar, Joe Merchant’s coffee and market, fitness center, arcade, live entertainment, and year-round activities for all ages. Ideally positioned within the resort, this cottage offers easy access to the community amenities while providing a peaceful place to unwind after a day in the Florida sunshine. Whether your guests spend the day floating the lazy river, relaxing on the sugar-white sand beach, enjoying live music by the pool, or simply unwinding on the inviting front porch, this is more than a vacation home–it’s an investment in one of Panama City Beach’s most sought-after resort communities. Offered fully furnished and turnkey, this Surf Bungalow is ready to begin creating memories–and generating income–from day one.

Listing Details MLS# 794038

Contract Info

List Price/SqFt: 709.64

Location

Area: 03 – Bay County – Beach
Street #: 140
Street Name: Paradise Found
Street Suffix: Circle
Unit #: 2
State: FL
Zip Code: 32413
County: Bay
Sub Area: 0320 – Beach – Middle Central
Subdivision: Margaritaville Cottages
Community/Resort: None
Waterfront: No
Parcel ID: 40001-605-002
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: Front beach East from Pier Park. Margaritaville Cottages are on the left hand side, before the Y
Legal Description: SURF BUNGALOW AT MARGARITAVILLE BEACH COTTAGE RESORT UNIT #2 ORB 4815 P 1445

General Property Info

Sub-Type: Detached Single Family
Design: Bungalow
Apx SqFt(Htd/Cooled): 768
SqFt Source: Prop App Site
Full Baths: 2
Total Baths: 2
Accessory Dwelling Unit: No
Year Built: 2024
Construction Status: Construction Complete
New Construction: Yes
Garage Y/N: No
Assigned Spaces: Yes
Lot Dimensions: 0x0
Pool: Yes
Pool Type: Community
Acreage: 0
Lot Size (SqFt): 0
Half Baths: 0

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 2068
HOA Frequency: Quarterly
HOA Annual Amount: 8272
New Buyer Fee: Yes
New Buyer Fee Amt: 6200
Last Taxes: 5008.76
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: Turnkey, fully furnished, and rental-ready, this charming Surf Bungalow offers an exceptional opportunity to own in one of Panama City Beach's premier resort destinations. Whether you're looking to expand your vacation rental portfolio, enjoy a second home with income potential, or both, this beautifully appointed cottage delivers the perfect combination of style, comfort, and resort living. Designed to maximize both space and guest experience, the popular Longboard floor plan features soaring vaulted shiplap ceilings, abundant natural light, an open-concept living area, and coastal-inspired finishes throughout. The main level offers a spacious king bedroom and full bath, while the upstairs sleeping loft with built-in full-over-full bunk beds and an additional full bath comfortably accommodates families and larger groups, making this home especially appealing for vacation rentals. Guests will love gathering in the bright, airy living room, preparing meals in the well-equipped kitchen with quartz countertops and stainless appliances, or relaxing on the oversized covered front porch after a day at the beach. Every detail has been thoughtfully designed to create an unforgettable beach getaway while maximizing occupancy and rental appeal. Located within Margaritaville Beach Cottage Resort, owners and guests enjoy access to an incredible collection of resort amenities including a spectacular oasis pool, heated 425-foot lazy river, exciting waterslides, private beach access with approximately 580 feet of dedicated beachfront, poolside cabanas, multiple on-site dining options including License to Chill Bar & Grill and Salty Rim Bar, Joe Merchant's coffee and market, fitness center, arcade, live entertainment, and year-round activities for all ages. Ideally positioned within the resort, this cottage offers easy access to the community amenities while providing a peaceful place to unwind after a day in the Florida sunshine. Whether your guests spend the day floating the lazy river, relaxing on the sugar-white sand beach, enjoying live music by the pool, or simply unwinding on the inviting front porch, this is more than a vacation home–it's an investment in one of Panama City Beach's most sought-after resort communities. Offered fully furnished and turnkey, this Surf Bungalow is ready to begin creating memories–and generating income–from day one.

Loft

Second: Yes

More Information

Appliances

Cooktop – Electric: Yes
Dishwasher: Yes
Disposal: Yes
Ice Maker: Yes
Microwave: Yes
Refrigerator: Yes
Water Heater – Tankless: Yes

Interior Features

Floor – Vinyl Plank: Yes
Lighting – Recessed: Yes
Window – Treatment All: Yes

Construction/Siding

Foundation – On Piling: Yes
Roof – Metal: Yes
Siding – Hardie Board: Yes

Exterior

Double Pane Windows: Yes

Association Fees Include

Accounting: Yes
Ground Keeping: Yes
Internet Service: Yes
Management: Yes
Trash Disposal: Yes
TV Cable: Yes
Water: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Furnished: Yes

Kitchen

First: Yes

Living Room

First: Yes

Parking Features

Assigned: Yes

Association Amenities

Beach: Yes
Pool: Yes
Water Park: Yes

Rooms

Bedroom: Yes
Kitchen: Yes
Living Room: Yes
Loft: Yes

Utilities

Natural Gas – Connected: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Sale Type

As Is: Yes

Bedroom

First: Yes

Cooling

Central Air: Yes

Property Features

Appliances: Cooktop – Electric; Dishwasher; Disposal; Ice Maker; Microwave; Refrigerator; Water Heater – Tankless Bedroom: First Cooling: Central Air Exterior: Double Pane Windows Association Fees Include: Accounting; TV Cable; Internet Service; Ground Keeping; Management; Trash Disposal; Water Financing: Cash; Conventional Furnished: Furnished Kitchen: First Living Room: First Loft: Second Parking Features: Assigned Association Amenities: Beach; Pool; Water Park Rooms: Bedroom; Kitchen; Living Room; Loft Sale Type: As Is Utilities: Natural Gas – Connected; Public Sewer – Connected; Public Water – Connected

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Bedroom	First	9.9 x 11.11	9.90	11.11
Loft	Second	9.9 x 12.13	9.90	12.13
Living Room	First	15 x 12.7	15.00	12.70
Kitchen	First	15 x 9.2	15.00	9.20	Kitchen/Dining

Listing Office: EXP Realty LLC

Last Updated: August – 14 – 2026

Information deemed reliable but not guaranteed.