221 Lake Place, Panama City Beach, FL 32413

$975,000
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,189 Lot Size (sq. ft.): 3,223 Status: Sold
Current Price: $995,000 List Date: 3/02/2024 Last Modified: 9/26/2024

Description

‘CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS’ Investors looking to make 1% of the purchase price in gross rentals, this should be in your future. Rental income projecting $120k+ per year in gross rents with thoughtful interior package. New construction with warranty! Furnishing package can be negotiated to make this property turn key. Submit all offers! Welcome to your dream beach retreat! This new construction stunning two-story home offers the ultimate coastal living experience. Enjoy the convenience of a quick walk to the beach, just three blocks away, where you can soak up the sun and surf to your heart’s content. Relax and unwind in your private plunge pool, perfect for cooling off after a day at the beach or hosting intimate gatherings with friends and family. Take in the fresh salty air from the balcony while sipping your morning coffee or evening cocktail. Gather around the fire pit in the evenings for cozy conversations under the stars, creating memories that will last a lifetime. With four bedrooms and 2 1/2 bathrooms, there’s plenty of space for everyone to spread out and feel at home. Parking is a breeze with space for three vehicles, ensuring that you and your guests always have a spot to park. Plus, the location couldn’t be better – just 8 minutes to Pier Park for shopping, dining, and entertainment, and a short 10-minute drive to the charming community of Rosemary Beach 30A. This beach home isn’t just a slice of paradise for vacationers – it’s also an incredible opportunity for savvy investors. With its prime location and desirable amenities, this property is perfect for generating rental income and cash flow! Whether you’re looking to rent it out short-term to beachgoers or as a long-term rental for residents, the potential for ROI is unmatched. Invest in the future of coastal real estate and secure your foothold in one of the most sought-after vacation destinations. Don’t miss out on the opportunity to own this coastal oasis – call your favorite real estate agent to schedule your showing today!

More Information MLS# 753589

Listing Info, Tax and Legal

HOA Fee: No New Buyer Fee: No Last Taxes: 1462 Last Tax Year: 2023 Brokerage Interest: No Interest

Contract Info

List Price/SqFt: 454.55 Status: Sold List Date: 2024-02-27 List Price: $995,000 Current Price: $975,000

Location

Sub Area: 0324 – Beach – West Central Community/Resort: Laguna Beach Waterfront: No Elementary School: West Bay Middle School: Surfside High School: Arnold Directions: From Panama City Beach Pkwy: Head south on Lake Pl for 2 blocks. Home will be on your right. Area: 03 – Bay County – Beach Street #: 221 Street Name: Lake Street Suffix: Place State: FL Zip Code: 32413 County: Bay Subdivision: Laguna Beach Parcel ID: 37943-000-000 Legal Description: LAGUNA BEACH 5TH ADD LOT 9 BLK D ORB 4613 P 1139

General Property Info

Floor Number: 2 Acreage: 0.07 Design: Beach House Lot Size (SqFt): 3223 Apx SqFt(Htd/Cooled): 2189 Immediate Occupancy: Yes Construction Status: Construction Complete SqFt Source: Builders Plans Balcony SqFt: 150 Half Baths: 1 # of Stories in Building: 2 Lot Dimensions: 49′ x 63′ Garage Y/N: Yes Garage Spaces: 1 Sub-Type: Detached Single Family Bedrooms: 4 Full Baths: 2 Total Baths: 3 Year Built: 2023

Remarks & Misc

Remarks: ‘CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS’ Investors looking to make 1% of the purchase price in gross rentals, this should be in your future. Rental income projecting $120k+ per year in gross rents with thoughtful interior package. New construction with warranty! Furnishing package can be negotiated to make this property turn key. Submit all offers! Welcome to your dream beach retreat! This new construction stunning two-story home offers the ultimate coastal living experience. Enjoy the convenience of a quick walk to the beach, just three blocks away, where you can soak up the sun and surf to your heart’s content. Relax and unwind in your private plunge pool, perfect for cooling off after a day at the beach or hosting intimate gatherings with friends and family. Take in the fresh salty air from the balcony while sipping your morning coffee or evening cocktail. Gather around the fire pit in the evenings for cozy conversations under the stars, creating memories that will last a lifetime. With four bedrooms and 2 1/2 bathrooms, there’s plenty of space for everyone to spread out and feel at home. Parking is a breeze with space for three vehicles, ensuring that you and your guests always have a spot to park. Plus, the location couldn’t be better – just 8 minutes to Pier Park for shopping, dining, and entertainment, and a short 10-minute drive to the charming community of Rosemary Beach 30A. This beach home isn’t just a slice of paradise for vacationers – it’s also an incredible opportunity for savvy investors. With its prime location and desirable amenities, this property is perfect for generating rental income and cash flow! Whether you’re looking to rent it out short-term to beachgoers or as a long-term rental for residents, the potential for ROI is unmatched. Invest in the future of coastal real estate and secure your foothold in one of the most sought-after vacation destinations. Don’t miss out on the opportunity to own this coastal oasis – call your favorite real estate agent to schedule your showing today!

Status Change Info

Sold Price/SqFt: 445.41 Sold Price/Acre: 13928571.43 Under Contract Date: 2024-06-28 Sold Date: 2024-07-26 Sold Price: $975,000

Pool Features

Inground: 1

Appliances

Dishwasher: 1 Disposal: 1 Microwave: 1 Range – Electric: 1 Refrigerator: 1 Washer/Dryer Stacked: 1

Interior Features

Breakfast Bar: 1 Closet Owner: 1 Floor – Vinyl Plank: 1 Lighting – Recessed: 1

Exterior

Balcony: 1 Fenced Back Yard: 1 Shower: 1 Patio Open: 1 Pool: 1

Financing

Cash: 1 Conventional: 1 FHA: 1 VA: 1

Furnished

Unfurnished: 1

Interior

Bunk Room: 1

Lot Features

Landscaped: 1

Parking Features

Garage Attached: 1

Association Amenities

Other – See Remarks: 1

Rooms

Bedroom: 1 Master Bedroom: 1

Utilities

Electricity – Connected: 1 Public Sewer – Connected: 1 Water Connected: 1

Sale Type

As Is: 1

Master Bedroom

Second: 1

Bedroom

First: 1

Cooling

Central Air: 1

Heating

Central: 1

Special List Prov

Home Warranty-Builder: 1

Property Features

Appliances: Dishwasher; Disposal; Microwave; Range – Electric; Refrigerator; Washer/Dryer Stacked Master Bedroom: Second Bedroom: First Cooling: Central Air Heating: Central Exterior: Balcony; Fenced Back Yard; Shower; Patio Open; Pool Financing: Cash; Conventional; FHA; VA Furnished: Unfurnished Interior: Bunk Room Lot Features: Landscaped Pool Features: Inground Parking Features: Garage Attached Association Amenities: Other – See Remarks Rooms: Bedroom; Master Bedroom Sale Type: As Is Special List Prov: Home Warranty-Builder Utilities: Electricity – Connected; Public Sewer – Connected; Water Connected

Room Information

Master Bedroom Level: Second Dimensions: 17 x 16 Length: 17.00 Width: 16.00 Dimensions: 17 x 16 Bedroom Level: First Dimensions: 13.6 x 11.4 Length: 13.60 Width: 11.40 Dimensions: 13.6 x 11.4 Bedroom Level: First Dimensions: 17 x 13 Length: 17.00 Width: 13.00 Dimensions: 17 x 13 Bedroom Level: First Dimensions: 13 x 11 Length: 13.00 Width: 11.00 Dimensions: 13 x 11
Listing Office: Beachy Beach Real Estate
Last Updated: September – 26 – 2024
Information deemed reliable but not guaranteed.