223 Venado Place, Panama City Beach, FL 32413 (MLS# 728420)

223 Venado Place, Panama City Beach, FL 32413

$750,000

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Property Type: Residential Bedrooms: 7 Baths: 4 Square Footage: 2,654 Lot Size (sq. ft.): 9,670 Status: Sold

Current Price: $750,000 List Date: 6/22/2022 Last Modified: 8/12/2025

Overview

Description

SOLD This walking distance to the beach quadplex is just what you’ve been looking for – maximum flexibility: Keep as quadplex with current annual leases and outstanding Cap Rate. Change to nightly rentals and make a fortune! Sitting on a 150X65 parcel, 1,500 feet from the beach, close enough to enjoy and view, enough above sea level and far enough away to avoid beach impact of hurricanes and costly insurance. Currently configured as three 2-bedroom one bath apartments, and one 1-bedroom one bath apartment. Building constructed the way a beach structure should be in 1989, hurricane straps before they were required, secondary waterproof membrane under shingles, stucco exterior walls.

Supplements: Grandfathered in – Bay County density ordinances no longer permit 4 dwellings on this size parcel; the limit is 3. Convert to 2-bedroom 2-bathroom duplex and maximize resale. Convert to a 4-bedroom 4-bathroom two story 2,654 sq ft beach house, with plenty of parking for guests. This property is already a money maker but has so much more potentia … (Read more)

Listing Details MLS# 728420

Contract Info

List Price/SqFt: 312.7

Location

Area: 03 – Bay County – Beach
Street #: 223
Street Name: Venado
Street Suffix: Place
State: FL
Zip Code: 32413
County: Bay
Sub Area: 0324 – Beach – West Central
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 37489-000-000
Elementary School: West Bay
Middle School: Surfside
High School: Arnold
Directions: Refer to GPS
Legal Description: LAGUNA BEACH LOTS 9,10,11 BLK 11 ORB 3173 P 1317

General Property Info

Sub-Type: Quadplex Multi-Units
Design: N/A
Apx SqFt(Htd/Cooled): 2654
SqFt Source: Prop App Site
Full Baths: 4
Total Baths: 4
Year Built: 1989
Construction Status: Construction Complete
Garage Y/N: No
Lot Dimensions: 150×65
Acreage: 0.22
Lot Size (SqFt): 9670

Status Change Info

Under Contract Date: 2022-07-21
Sold Date: 2022-08-22
Sold Price/SqFt: 282.59
Sold Price/Acre: 3409090.91

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 2504
Last Tax Year: 2021
Brokerage Interest: Familial Interest – Listing Broker/Licensee related to owner.

Remarks & Misc

Remarks: SOLD This walking distance to the beach quadplex is just what you've been looking for – maximum flexibility: Keep as quadplex with current annual leases and outstanding Cap Rate. Change to nightly rentals and make a fortune! Sitting on a 150X65 parcel, 1,500 feet from the beach, close enough to enjoy and view, enough above sea level and far enough away to avoid beach impact of hurricanes and costly insurance. Currently configured as three 2-bedroom one bath apartments, and one 1-bedroom one bath apartment. Building constructed the way a beach structure should be in 1989, hurricane straps before they were required, secondary waterproof membrane under shingles, stucco exterior walls.

More Information

Appliances

Microwave: Yes
Range – Electric: Yes
Refrigerator: Yes

Construction/Siding

Roof – Shingle/Shake: Yes
Siding – Stucco: Yes

Exterior

Balcony: Yes
Deck Covered: Yes

Furnished

Unfurnished: Yes

Lot Access

Paved Road: Yes

Parking Features

Driveway: Yes

Rooms

Bedroom: Yes

Utilities

Septic Tank: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Property Features

Appliances: Microwave; Range – Electric; Refrigerator Cooling: Central Air Heating: Central Exterior: Balcony; Deck Covered Furnished: Unfurnished Lot Access: Paved Road Parking Features: Driveway Rooms: Bedroom Utilities: Septic Tank

Room Information

Room Name	Dimensions	Length	Width
Bedroom	15 x 15	15.00	15.00
Bedroom	15 x 15	15.00	15.00
Bedroom	15 x 15	15.00	15.00
Bedroom	15 x 15	15.00	15.00
Bedroom	15 x 15	15.00	15.00
Bedroom	15 x 15	15.00	15.00
Bedroom	15 x 15	15.00	15.00

Listing Office: World Impact Real Estate

Last Updated: August – 12 – 2025

Information deemed reliable but not guaranteed.