2459 Belmar Court, Panama City Beach, FL 32408

$1,125,000
Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 3,366 Lot Size (sq. ft.): 1,830 Status: Sold
Current Price: $1,125,000 List Date: 6/09/2023 Last Modified: 10/12/2024

Overview

Description

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 sh

Listing Details MLS# 742530

Contract Info

List Price/SqFt
344.62

Location

Area
03 – Bay County – Beach
Street #
2459
Street Name
Belmar
Street Suffix
Court
State
FL
Zip Code
32408
County
Bay
Sub Area
0319 – Beach – East
Subdivision
Bel Mar
Community/Resort
None
Waterfront
No
Parcel ID
30207-044-000
Elementary School
Breakfast Point
Middle School
Breakfast Point
High School
Arnold
Directions
Heading east on Front Beach Road, turn right onto Joan Avenue. Community is on the right.
Legal Description
6 4S 15W 58B2 LAGOON HEIGHTS UNREC COM NW COR NE1/4 OF NW1/4 TH S 736.12' W 18.24' FOR POB TH W 51' N 36' E 51' S 36' TO POB ****BEL MAR ****LOT 22 ORB 4461 P 121

General Property Info

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

Status Change Info

Under Contract Date
2023-06-08
Sold Date
2024-10-11
Sold Price/SqFt
334.22
Sold Price/Acre
28125000

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

Remarks & Misc

Remarks
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 in the hallway 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!

More Information

Dining Room

First
Yes

Pool Features

Fiberglass
Yes

Appliances

Bar Fridge
Yes
Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Range – Gas
Yes
Range Hood
Yes
Refrigerator
Yes
Water Heater – Gas
Yes

Interior Features

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

Construction/Siding

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

Exterior

Balcony
Yes
Deck Open
Yes
Patio Covered
Yes
Patio Open
Yes
Pool
Yes
Porch
Yes
Porch Covered
Yes
Porch Open
Yes
Storm Windows
Yes

Association Fees Include

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

Financing

Cash
Yes
Construction Perm
Yes
Conventional
Yes

Furnished

Unfurnished
Yes

Kitchen

First
Yes

Living Room

First
Yes

Lot Features

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

Lot Access

County Road
Yes
Paved Road
Yes

Parking Features

Carport Attached
Yes
Driveway
Yes
Paved
Yes

Mstr Bath / Mstr Bdrm

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

Present Zoning

Resid Single Family
Yes

Association Amenities

Security-24 hour
Yes

Rooms

Bedroom
Yes
Dining Room
Yes
Kitchen
Yes
Living Room
Yes
Master Bedroom
Yes

Utilities

Electricity – Connected
Yes
Natural Gas – Connected
Yes
Public Sewer – Connected
Yes
Water Connected
Yes
Underground Utilities
Yes

Master Bedroom

Third
Yes

Bedroom

Second
Yes
Third
Yes

Cooling

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

Heating

Central
Yes
Electric
Yes
Fireplace – Gas
Yes
Fireplace(s)
Yes

Security Features

Gated Community
Yes
Security Gate
Yes

Property Features

Appliances: Bar Fridge; Dishwasher; Disposal; Microwave; Range – Gas; Range Hood; Refrigerator; Water Heater – Gas Master Bedroom: Third Bedroom: Second; Third Cooling: Ceiling Fan(s); Central Air; Electric; ENERGY STAR Qualified Equipment Heating: Central; Electric; Fireplace – Gas; 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: County Road; 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 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

Room Name Level Dimensions Length Width Remarks
Bedroom Second 17 x 13.1 17.00 13.10 Elevator In Home
Master Bedroom Third 16.5 x 14.5 16.50 14.50 Elevator In Home
Bedroom Second 17.1 x 13.1 17.10 13.10 Elevator In Home
Bedroom Second 13.7 x 12.4 13.70 12.40 Elevator In Home
Kitchen First 21 x 13.5 21.00 13.50
Living Room First 11 x 13.5 11.00 13.50
Dining Room First 11 x 13.5 11.00 13.50
Bedroom Third 11.6 x 12.4 11.60 12.40 Elevator In Home
Listing Office: Corcoran Reverie
Last Updated: October – 12 – 2024
Information deemed reliable but not guaranteed.