16418 Front Beach Road, Panama City Beach, FL 32413 (MLS# 739208)

16418 Front Beach Road, Panama City Beach, FL 32413

$1,600,000

Property Type: Residential Bedrooms: 6 Baths: 6 Square Footage: 2,940 Lot Size (sq. ft.): 11,761 Status: Sold

Current Price: $1,600,000 List Date: 3/24/2023 Last Modified: 9/25/2024

Overview

Description

This listing is for 16416 and 16418 Front Beach Road. Rare opportunity to own a triplex on TWO lots on Front Beach Road with Gulf views! All units consist of 2 bedrooms and 1.5 bathrooms. Rental projections exceed 50k per unit after renovation. Prime location just minutes away from Pier Park and situated across the street from the beautiful white beaches of the Emerald Coast! Steps away from two beach accesses, close to shopping, dining and entertainment. Call for a showing today!

Listing Details MLS# 739208

Contract Info

List Price/SqFt: 680.27

Location

Area: 03 – Bay County – Beach
Street #: 16418
Street Name: Front Beach
Street Suffix: Road
State: FL
Zip Code: 32413
County: Bay
Sub Area: 0320 – Beach – Middle Central
Subdivision: Lullwater Beach
Community/Resort: None
Waterfront: No
Parcel ID: 33679-000-000
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: From Hwy 98, turn onto Arnold Rd. After half a mile, turn slight left onto Front Beach Rd. After .7 miles, the triplex will be on the left.
Legal Description: LULLWATER BEACH 2ND PLAT LOT 5 BLK C ORB 3113 P 1454 and LULLWATER BEACH 2ND PLAT LOT 6 BLK C ORB 1650 P 1105 ORB 1889 P 937

General Property Info

Sub-Type: Triplex Multi-Units
Design: N/A
Apx SqFt(Htd/Cooled): 2940
SqFt Source: Prop App Site
Full Baths: 3
Half Baths: 3
Total Baths: 6
# of Stories in Building: 2
# of Units in Bldg: 3
Year Built: 2001
Immediate Occupancy: No
Construction Status: Construction Complete
Garage Y/N: No
Lot Dimensions: 100×120
Acreage: 0.27
Lot Size (SqFt): 11761

Status Change Info

Under Contract Date: 2023-05-12
Sold Date: 2023-06-09
Sold Price/SqFt: 544.22
Sold Price/Acre: 5925925.93

Listing Info, Tax and Legal

HOA Fee: No
Is Subject Leased: Yes
Rent/Mo: 1300
Lease Expiration Dt: 2023-05-31
New Buyer Fee: No
Brokerage Interest: No Interest
As Is: No

Remarks & Misc

Remarks: This listing is for 16416 and 16418 Front Beach Road. Rare opportunity to own a triplex on TWO lots on Front Beach Road with Gulf views! All units consist of 2 bedrooms and 1.5 bathrooms. Rental projections exceed 50k per unit after renovation. Prime location just minutes away from Pier Park and situated across the street from the beautiful white beaches of the Emerald Coast! Steps away from two beach accesses, close to shopping, dining and entertainment. Call for a showing today!

More Information

Balcony

Second: Yes

Appliances

Cooktop – Electric: Yes
Oven – Electric: Yes
Refrigerator: Yes

Interior Features

Floor – Laminate: Yes

Construction/Siding

Siding – Stucco: Yes

Existing Leases

Month To Month: Yes

Exterior

Balcony: Yes
Porch: Yes

Financing

Conventional: Yes

Furnished

Unfurnished: Yes

Kitchen

First: Yes

Living Room

First: Yes

Lot Features

Level: Yes
Near Beach Access: Yes
Within 1/2 Mile to Water: Yes

Lot Access

City Street: Yes

Mstr Bath / Mstr Bdrm

MBed Balcony: Yes

Present Zoning

Commercial: Yes

Rooms

Balcony: Yes
Bedroom: Yes
Kitchen: Yes
Living Room: Yes

Utilities

TV Cable: Yes
Electricity – Connected: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Waterview

Gulf: Yes

Bedroom

First: Yes
Second: Yes

Cooling

Central Air: Yes
Electric: Yes

Heating

Central: Yes
Electric: Yes

Property Features

Appliances: Cooktop – Electric; Oven – Electric; Refrigerator Bedroom: First; Second Cooling: Central Air; Electric Heating: Central; Electric Existing Leases: Month To Month Exterior: Balcony; Porch Financing: Conventional Furnished: Unfurnished Kitchen: First Living Room: First Lot Features: Level; Near Beach Access; Within 1/2 Mile to Water Lot Access: City Street Balcony: Second Rooms: Balcony; Bedroom; Kitchen; Living Room Utilities: TV Cable; Electricity – Connected; Public Sewer – Connected; Water Connected Waterview: Gulf Present Zoning: Commercial

Room Information

Room Name	Level	Dimensions	Length	Width
Bedroom	First	13.3 x 12.6	13.30	12.60
Living Room	First	17 x 10	17.00	10.00
Bedroom	Second	13.3 x 12.6	13.30	12.60
Bedroom	Second	13.4 x 10	13.40	10.00
Bedroom	Second	13.3 x 12.6	13.30	12.60
Kitchen	First	13 x 11.3	13.00	11.30
Bedroom	Second	13.4 x 10	13.40	10.00
Balcony	Second	11.1 x 13.3	11.10	13.30

Listing Office: Watersound Real Estate

Last Updated: September – 25 – 2024

Information deemed reliable but not guaranteed.