221 Lake Place, Panama City Beach, FL 32413 (MLS# 753589)

221 Lake Place, Panama City Beach, FL 32413

$975,000

Fridge/doorway to master on left and 1/2 bath on right

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,189 Lot Size (sq. ft.): 3,223 Status: Sold

Current Price: $975,000 List Date: 3/02/2024 Last Modified: 9/26/2024

Overview

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 … (Read more) ‘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!

Listing Details MLS# 753589

Contract Info

List Price/SqFt: 454.55

Location

Area: 03 – Bay County – Beach
Street #: 221
Street Name: Lake
Street Suffix: Place
State: FL
Zip Code: 32413
County: Bay
Sub Area: 0324 – Beach – West Central
Subdivision: Laguna Beach
Community/Resort: Laguna Beach
Waterfront: No
Parcel ID: 37943-000-000
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.
Legal Description: LAGUNA BEACH 5TH ADD LOT 9 BLK D ORB 4613 P 1139

General Property Info

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

Status Change Info

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

Listing Info, Tax and Legal

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

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!

More Information

Pool Features

Inground: Yes

Appliances

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

Interior Features

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

Exterior

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

Financing

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Furnished

Unfurnished: Yes

Interior

Bunk Room: Yes

Lot Features

Landscaped: Yes

Parking Features

Garage Attached: Yes

Association Amenities

Other – See Remarks: Yes

Rooms

Bedroom: Yes
Master Bedroom: Yes

Utilities

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

Sale Type

As Is: Yes

Master Bedroom

Second: Yes

Bedroom

First: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Special List Prov

Home Warranty-Builder: Yes

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

Room Name	Level	Dimensions	Length	Width
Master Bedroom	Second	17 x 16	17.00	16.00
Bedroom	First	13.6 x 11.4	13.60	11.40
Bedroom	First	17 x 13	17.00	13.00
Bedroom	First	13 x 11	13.00	11.00

Listing Office: Beachy Beach Real Estate

Last Updated: September – 26 – 2024

Information deemed reliable but not guaranteed.