2448 Belmar Court, Panama City Beach, FL 32408

$1,150,000
Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 3,366 Lot Size (sq. ft.): 1,830 Status: Sold
Current Price: $1,200,000 List Date: 5/31/2023 Last Modified: 9/26/2024

Description

NEW CONSTRUCTION to be complete in mid September! BelMar is the newest luxury, low-density community in the heart of Panama City Beach designed for SHORT TERM RENTALS! This gated community fuses modern innovation with the coastal lifestyle. BelMar is highly desirable for those who wish to invest in a beach community with new construction and incredible potential for short rental returns. Be one of the first to buy in this modern, gated community just 1/2 mile to the beach. Homes at BelMar exude modern design with white, bright interiors, flat smooth stucco and Hardie board exteriors. Surrounded with expansive, covered patios the homes provide an abundance of outdoor living! BelMar is about living a relaxed and coastal lifestyle. The impressive rental potential creates a compelling opportunity for investors between $60,000 – $120,000 in projections annually. This allows the savvy investor to double the value add to the investment by being able to enjoy the luxurious coastal lifestyle as a second home while bringing in income from short term rentals! The BelMar community has 22 single family homes, a mixture of 3-story homes and 2-story homes. ”The Gulf” is a 3-story home with ELEVATOR offering 5 bedrooms, 4.5 bathrooms and PRIVATE POOL and waterfall. This is the perfect design to enjoy living on the main level but easy access to the upper levels with a residential elevator! The private pool is perfect for entertaining and the most important feature after a long day at the beach! The homes have a modern, European design with incredible features such as stone fireplaces, custom-designed wood features on the cabinetry and sleek stone walls. The kitchen offers GE Café appliances including a stunning gas range. Quartz countertops will be featured in the kitchen and continue with waterfall countertops and on the backsplash for a seamless look. Bedrooms are designed with ample storage for rental or full-time living including plenty of closet space and spacious porches. Modern colors are white and black mixed with rich wood textures throughout and incorporate a true, luxury hotel-style inspired retreat. This style of home with a thoughtful floor plan is perfect for the traveling multi-generational family in mind. Step into the pivoting front wood door into a modern, open concept. The living room features a stone linear fireplace surround and built-ins. The dining room stands out with a chandelier and flows perfectly to the kitchen that offers custom wood accents on the island wrapped in waterfall Quartz countertops. GE Café appliances are flanked with white cabinetry and the range hood is custom accented to coordinate with the island. A large pantry and laundry is adjacent to the powder bath and next to the elevator, making it easy to access all floors. The rear porch is covered and allows access to the back of the home where you’ll enjoy a private pool and waterfall and golf course views! The main level offers a carport and owners closet. On the upper level, you’re greeted by a wet bar in the hallway. Two bedrooms and a Jack and Jill bath are very spacious. Across the hall is a bedroom with built-in bunk beds and desks and plenty of closets for clothes and games! A bathroom is accessible from the hallway as well as the front and rear balconies of the home. A fifth bedroom and bathroom can be found on the top level of the home as well as a wet bar and an oversized Master suite with access to a very large rear balcony overlooking the pool and waterfall. Very spacious, this Master suite is a true retreat in ”The Gulf” home! This spa-like bath features sleek stone walls, soaking tub, private patio access, large walk-in closet and double vanities!

Supplements: BelMar is a gated community offering residents the least amount of maintenance possible as all landscaping, irrigation, private pool and spa maintenance will be incorporated into the HOA. This gives owners a true passive investment and allows for peace of mind for a rental home. A 3 minute golf cart ride to the beach, close to shopping, dining and activities…this is the ideal location!

More Information MLS# 742160

Listing Info, Tax and Legal

Homestead: No HOA Fee: Yes HOA Amount: 450 HOA Frequency: Quarterly HOA Annual Amount: 1800 New Buyer Fee: No Last Taxes: 237 Last Tax Year: 2022 Brokerage Interest: No Interest As Is: No

Contract Info

List Price/SqFt: 356.51 Status: Sold List Date: 2023-05-31 List Price: $1,200,000 Current Price: $1,150,000

Location

Sub Area: 0319 – Beach – East Community/Resort: None Waterfront: No Elementary School: Breakfast Point Middle School: Breakfast Point High School: Arnold Directions: Heading east on Front Beach Road, take a left on Joan Avenue. Take a right into BelMar. Area: 03 – Bay County – Beach Street #: 2448 Street Name: Belmar Street Suffix: Court State: FL Zip Code: 32408 County: Bay Subdivision: Bel Mar Parcel ID: 30207-008-000 Legal Description: 6 4S 15W 58B2 LAGOON HEIGHTS UNREC COM NW COR NE1/4 OF NW1/4 TH S 539.58′ W 115.86′ SE 46.20′ FOR POB TH SE 51′ NE 36′ NW 51 SW 36′ TO POB ****BEL MAR ****LOT 4 ORB 4461 P 121

General Property Info

Acreage: 0.04 Design: Beach House Lot Size (SqFt): 1830 Apx SqFt(Htd/Cooled): 3366 Immediate Occupancy: No Construction Status: To Be Built SqFt Source: Builders Plans Half Baths: 1 Pre-Const Flip: No Lot Dimensions: 37′ x 51′ New Construction: Yes Garage Y/N: No Covered Spaces: 1 Driveway Spaces: 2 Pool: Yes Sub-Type: Detached Single Family Bedrooms: 5 Full Baths: 4 Total Baths: 5 Year Built: 2024

Remarks & Misc

Remarks: NEW CONSTRUCTION to be complete in mid September! BelMar is the newest luxury, low-density community in the heart of Panama City Beach designed for SHORT TERM RENTALS! This gated community fuses modern innovation with the coastal lifestyle. BelMar is highly desirable for those who wish to invest in a beach community with new construction and incredible potential for short rental returns. Be one of the first to buy in this modern, gated community just 1/2 mile to the beach. Homes at BelMar exude modern design with white, bright interiors, flat smooth stucco and Hardie board exteriors. Surrounded with expansive, covered patios the homes provide an abundance of outdoor living! BelMar is about living a relaxed and coastal lifestyle. The impressive rental potential creates a compelling opportunity for investors between $60,000 – $120,000 in projections annually. This allows the savvy investor to double the value add to the investment by being able to enjoy the luxurious coastal lifestyle as a second home while bringing in income from short term rentals! The BelMar community has 22 single family homes, a mixture of 3-story homes and 2-story homes. ”The Gulf” is a 3-story home with ELEVATOR offering 5 bedrooms, 4.5 bathrooms and PRIVATE POOL and waterfall. This is the perfect design to enjoy living on the main level but easy access to the upper levels with a residential elevator! The private pool is perfect for entertaining and the most important feature after a long day at the beach! The homes have a modern, European design with incredible features such as stone fireplaces, custom-designed wood features on the cabinetry and sleek stone walls. The kitchen offers GE Café appliances including a stunning gas range. Quartz countertops will be featured in the kitchen and continue with waterfall countertops and on the backsplash for a seamless look. Bedrooms are designed with ample storage for rental or full-time living including plenty of closet space and spacious porches. Modern colors are white and black mixed with rich wood textures throughout and incorporate a true, luxury hotel-style inspired retreat. This style of home with a thoughtful floor plan is perfect for the traveling multi-generational family in mind. Step into the pivoting front wood door into a modern, open concept. The living room features a stone linear fireplace surround and built-ins. The dining room stands out with a chandelier and flows perfectly to the kitchen that offers custom wood accents on the island wrapped in waterfall Quartz countertops. GE Café appliances are flanked with white cabinetry and the range hood is custom accented to coordinate with the island. A large pantry and laundry is adjacent to the powder bath and next to the elevator, making it easy to access all floors. The rear porch is covered and allows access to the back of the home where you’ll enjoy a private pool and waterfall and golf course views! The main level offers a carport and owners closet. On the upper level, you’re greeted by a wet bar in the hallway. Two bedrooms and a Jack and Jill bath are very spacious. Across the hall is a bedroom with built-in bunk beds and desks and plenty of closets for clothes and games! A bathroom is accessible from the hallway as well as the front and rear balconies of the home. A fifth bedroom and bathroom can be found on the top level of the home as well as a wet bar and an oversized Master suite with access to a very large rear balcony overlooking the pool and waterfall. Very spacious, this Master suite is a true retreat in ”The Gulf” home! This spa-like bath features sleek stone walls, soaking tub, private patio access, large walk-in closet and double vanities!

Status Change Info

Sold Price/SqFt: 341.65 Sold Price/Acre: 28750000 Under Contract Date: 2023-05-31 Sold Date: 2024-08-19 Sold Price: $1,150,000

Dining Room

First: 1

Pool Features

Fiberglass: 1

Appliances

Dishwasher: 1 Disposal: 1 Microwave: 1 Range – Gas: 1 Range Hood: 1 Refrigerator: 1 Water Heater – Gas: 1 Wine Refrigerator: 1

Interior Features

Washer/Dryer Hookup: 1 Ceiling – Raised: 1 Elevator: 1 Fireplace: 1 Floor – Vinyl Plank: 1 Kitchen Island: 1 Lighting – Recessed: 1 Pantry: 1 Wet Bar: 1

Construction/Siding

Foundation – Slab on Grade: 1 Frame: 1 Roof – Metal: 1 Siding – Hardie Board: 1 Siding – Stucco: 1

Exterior

Balcony: 1 Deck Open: 1 Patio Covered: 1 Patio Open: 1 Pool: 1 Porch: 1 Porch Covered: 1 Porch Open: 1 Storm Windows: 1

Association Fees Include

Accounting: 1 Gated Community: 1 Ground Keeping: 1 Legal: 1 Management: 1 Repairs/Maintenance: 1 Other – See Remarks: 1

Financing

Cash: 1 Construction Perm: 1 Conventional: 1

Furnished

Unfurnished: 1

Kitchen

First: 1

Living Room

First: 1

Lot Features

Covenants: 1 Cul-De-Sac: 1 Restrictions: 1 Sidewalk: 1 Site Plan: 1 Survey Available: 1 Within 1/2 Mile to Water: 1

Lot Access

Paved Road: 1

Parking Features

Carport Attached: 1 Driveway: 1 Paved: 1

Mstr Bath / Mstr Bdrm

MBath Double Vanity: 1 MBath Garden Tub: 1 MBath Separate Shwr: 1 MBath Tile: 1 MBath Walk-In Closet: 1 MBed Balcony: 1

Present Zoning

Resid Single Family: 1

Association Amenities

Security-24 hour: 1 Other – See Remarks: 1

Rooms

Bedroom: 1 Dining Room: 1 Kitchen: 1 Living Room: 1 Master Bedroom: 1

Utilities

Electricity – Connected: 1 Natural Gas – Connected: 1 Public Sewer – Connected: 1 Water Connected: 1 Underground Utilities: 1

Master Bedroom

Third: 1

Bedroom

Second: 1 Third: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1 Electric: 1 ENERGY STAR Qualified Equipment: 1

Heating

Central: 1 Electric: 1 Fireplace(s): 1

Security Features

Gated Community: 1 Security Gate: 1

Property Features

Appliances: Dishwasher; Disposal; Microwave; Range – Gas; Range Hood; Refrigerator; Water Heater – Gas; Wine Refrigerator Master Bedroom: Third Bedroom: Second; Third Cooling: Ceiling Fan(s); Central Air; Electric; ENERGY STAR Qualified Equipment Heating: Central; Electric; Fireplace(s) Exterior: Balcony; Deck Open; Patio Covered; Patio Open; Pool; Porch; Porch Covered; Porch Open; Storm Windows Association Fees Include: Accounting; Gated Community; Legal; Ground Keeping; Repairs/Maintenance; Management; Other – See Remarks Financing: Cash; Construction Perm; Conventional Furnished: Unfurnished Kitchen: First Living Room: First Lot Features: Covenants; Cul-De-Sac; Restrictions; Sidewalk; Site Plan; Survey Available; Within 1/2 Mile to Water Lot Access: Paved Road Dining Room: First Pool Features: Fiberglass Security Features: Gated Community; Security Gate Parking Features: Carport Attached; Driveway; Paved Association Amenities: Security-24 hour; Other – See Remarks Rooms: Bedroom; Dining Room; Kitchen; Living Room; Master Bedroom Utilities: Electricity – Connected; Natural Gas – Connected; Public Sewer – Connected; Underground Utilities; Water Connected Present Zoning: Resid Single Family

Room Information

Bedroom Level: Second Dimensions: 17 x 13.1 Length: 17.00 Width: 13.10 Dimensions: 17 x 13.1 Remarks: Elevator In Home Master Bedroom Level: Third Dimensions: 16.5 x 14.5 Length: 16.50 Width: 14.50 Dimensions: 16.5 x 14.5 Remarks: Elevator In Home Bedroom Level: Second Dimensions: 17.1 x 13.1 Length: 17.10 Width: 13.10 Dimensions: 17.1 x 13.1 Remarks: Elevator In Home Bedroom Level: Second Dimensions: 13.7 x 12.4 Length: 13.70 Width: 12.40 Dimensions: 13.7 x 12.4 Remarks: Elevator In Home Kitchen Level: First Dimensions: 21 x 13.5 Length: 21.00 Width: 13.50 Dimensions: 21 x 13.5 Living Room Level: First Dimensions: 11 x 13.5 Length: 11.00 Width: 13.50 Dimensions: 11 x 13.5 Dining Room Level: First Dimensions: 11 x 13.5 Length: 11.00 Width: 13.50 Dimensions: 11 x 13.5 Bedroom Level: Third Dimensions: 11.6 x 12.4 Length: 11.60 Width: 12.40 Dimensions: 11.6 x 12.4 Remarks: Elevator In Home
Listing Office: Corcoran Reverie
Last Updated: September – 26 – 2024
Information deemed reliable but not guaranteed.