501 Albatross Street, Panama City Beach, FL 32413 (MLS# 729361)

501 Albatross Street, Panama City Beach, FL 32413

$2,100,000

Property Type: Residential Bedrooms: 8 Baths: 8 Square Footage: 4,292 Lot Size (sq. ft.): 8,973 Status: Sold

Current Price: $2,100,000 List Date: 7/12/2022 Last Modified: 9/24/2024

Overview

Description

UNDER CONTRACT.SELLER ACCEPTING BACKUP OFFERS Looking for a Luxury Vacation Home that’s Income Producing? Welcome to your stunning, three-story, 8 Bed/ 7.5 Bath luxury beach home with gorgeous views of the Gulf of Mexico. Indoor and outdoor living collide gracefully in the main living area, which features glass sliding doors that open up to the private pool/spa, outdoor shower, and fenced-in backyard. Located in the quiet beach community of Bid-A-Wee Beach, in the heart of Panama City Beach, Florida, you’ll have PRIVATE, GATED BEACH ACCESS down the street. This luxury beach home is ready to cash flow. This luxury beach home sleeps up to 22 guests, with vacation rental income projections estimated at $250K- $260K annually.

Supplements: Outside, the private saltwater pool takes center stage and is perfect for enjoying barbecues and entertaining friends and family. On the first level, you'll find an expansive living and dining area and a spectacular chef's kitchen offering custom cabinetry, High-End GE cafe appliances, a natural gas stove, a 48-inch GE Cafe refrigerator, and quartz … (Read more)

Listing Details MLS# 729361

Contract Info

List Price/SqFt: 559.18

Location

Area: 03 – Bay County – Beach
Street #: 501
Street Name: Albatross
Street Suffix: Street
State: FL
Zip Code: 32413
County: Bay
Sub Area: 0320 – Beach – Middle Central
Subdivision: Bid A Wee
Community/Resort: Bid a Wee
Waterfront: No
Parcel ID: 34761-000-000
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: From Panama City Beach Pkwy, head South on Nautilus to Front Beach Road. Turn left on Front Beach then look for Albatross after traffic light. From Front Beach Road heading east, turn left on Albatross, house is on the right on the corner lot.
Legal Description: see attached deed in documents section

General Property Info

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 4292
SqFt Source: Builders Plans
Full Baths: 7
Half Baths: Yes
Total Baths: 8
# of Stories in Building: 3
Year Built: 2023
Construction Status: Under Construction
Garage Y/N: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Driveway Spaces: 7
Lot Dimensions: 60×150
Acreage: 0.21
Lot Size (SqFt): 8973

Status Change Info

Under Contract Date: 2023-01-24
Sold Date: 2023-02-23
Sold Price/SqFt: 489.28
Sold Price/Acre: 10000000

Listing Info, Tax and Legal

Homestead: No
HOA Fee: Yes
HOA Amount: 100
HOA Frequency: Annually
HOA Annual Amount: 100
Senior Community: No
New Buyer Fee: No
Last Taxes: 1820
Last Tax Year: 2021
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: UNDER CONTRACT.SELLER ACCEPTING BACKUP OFFERS Looking for a Luxury Vacation Home that's Income Producing? Welcome to your stunning, three-story, 8 Bed/ 7.5 Bath luxury beach home with gorgeous views of the Gulf of Mexico. Indoor and outdoor living collide gracefully in the main living area, which features glass sliding doors that open up to the private pool/spa, outdoor shower, and fenced-in backyard. Located in the quiet beach community of Bid-A-Wee Beach, in the heart of Panama City Beach, Florida, you'll have PRIVATE, GATED BEACH ACCESS down the street. This luxury beach home is ready to cash flow. This luxury beach home sleeps up to 22 guests, with vacation rental income projections estimated at $250K- $260K annually.

More Information

Garage

First: Yes

Great Room

First: Yes

Pool Features

Fenced: Yes
Inground: Yes
Saltwater: Yes

Recreation Room

Second: Yes
Third: Yes

Appliances

Cooktop – Gas: Yes
Dishwasher: Yes
Dryer: Yes
ENERGY STAR Qualified Appliances: Yes
Microwave: Yes
Oven – Gas: Yes
Range – Gas: Yes
Refrigerator: Yes
Washer: Yes
Water Heater – Gas: Yes

Interior Features

Washer/Dryer Hookup: Yes
Breakfast Bar: Yes
Ceiling – Raised: Yes
Closet Owner: Yes
Floor – Tile: Yes
Floor – Vinyl Plank: Yes
Kitchen Island: Yes
Lighting – Recessed: Yes
Lock Out Closet: Yes
Pantry: Yes
Split Bedroom: Yes
Walls Wainscoting: Yes
Woodwork Painted: Yes

Assumable Mtg Typ

None: Yes

Construction/Siding

Foundation – Slab on Grade: Yes
Frame: Yes
Roof – Gutters: Yes
Roof – Metal: Yes
Siding – Hardie Board: Yes
Trim – Hardie Board: Yes

Exterior

Balcony: Yes
Deck Open: Yes
Fenced Lot-Part: Yes
Fenced Privacy: Yes
Shower: Yes
Patio Covered: Yes
Patio Open: Yes
Pool: Yes
Porch: Yes
Porch Covered: Yes
Separate Living Area: Yes
Storm Windows: Yes

Other Structures

Storage: Yes
See Remarks: Yes

Association Fees Include

Beach: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Unfurnished: Yes

Interior

Bonus Room: Yes
Bunk Room: Yes
Insulated Doors: Yes

Lot Features

Cleared: Yes
Corner Lot: Yes
Dedicated Beach: Yes
Near Beach Access: Yes
Within 1/2 Mile to Water: Yes
Other – See Remarks: Yes

Lot Access

Paved Road: Yes

Parking Features

Driveway: Yes
Garage Attached: Yes
Golf Cart Garage: Yes
Paved: Yes

Mstr Bath / Mstr Bdrm

MBath Double Vanity: Yes
MBath Separate Shwr: Yes
MBath Tile: Yes
MBed First Floor: Yes
MBed Walk-in Closet: Yes
See Remarks: Yes

Present Zoning

City: Yes

Association Amenities

Beach: Yes
Other – See Remarks: Yes

Rooms

Bedroom: Yes
Garage: Yes
Great Room: Yes
Recreation Room: Yes

Showing

ShowingTime: Yes

Utilities

All Utilities: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Waterview

Gulf: Yes
Other – See Remarks: Yes

Sale Type

Accept Backup Offers: Yes
As Is: Yes

Bedroom

First: Yes
Second: Yes
Third: Yes

Cooling

Central Air: Yes
Electric: Yes
ENERGY STAR Qualified Equipment: Yes
Heat Pump: Yes
Multi Units: Yes

Heating

Central: Yes
Electric: Yes

Security Features

Prewired: Yes
Smoke Detector(s): Yes

Special List Prov

Other-See Remarks: Yes

Property Features

Appliances: Cooktop – Gas; Dishwasher; Dryer; ENERGY STAR Qualified Appliances; Microwave; Oven – Gas; Range – Gas; Refrigerator; Washer; Water Heater – Gas Assumable Mtg Typ: None Bedroom: First; Second; Third Cooling: Central Air; Electric; ENERGY STAR Qualified Equipment; Heat Pump; Multi Units Heating: Central; Electric Exterior: Balcony; Deck Open; Fenced Lot-Part; Fenced Privacy; Shower; Patio Covered; Patio Open; Pool; Porch; Porch Covered; Separate Living Area; Storm Windows Association Fees Include: Beach Financing: Cash; Conventional Furnished: Unfurnished Interior: Bonus Room; Bunk Room; Insulated Doors Lot Features: Cleared; Corner Lot; Dedicated Beach; Near Beach Access; Within 1/2 Mile to Water; Other – See Remarks Lot Access: Paved Road Great Room: First Garage: First Pool Features: Fenced; Inground; Saltwater Recreation Room: Second; Third Security Features: Prewired; Smoke Detector(s) Parking Features: Driveway; Garage Attached; Golf Cart Garage; Paved Other Structures: Storage; See Remarks Association Amenities: Beach; Other – See Remarks Rooms: Bedroom; Garage; Great Room; Recreation Room Sale Type: Accept Backup Offers; As Is Showing: ShowingTime Special List Prov: Other-See Remarks Utilities: All Utilities; Public Sewer – Connected; Water Connected Waterview: Gulf; Other – See Remarks

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Bedroom	First	14 x 12.6	14.00	12.60	Bedroom #1 also has private bath 9×6 with shower
Bedroom	Second	14 x 12	14.00	12.00	Bedroom #2 with Private bath (shower)
Bedroom	Second	11 x 10	11.00	10.00	Bedroom #3 with private bathroom, shower
Bedroom	Second	15 x 12	15.00	12.00	Bedroom #4
Bedroom	Second	15 x 12	15.00	12.00	Bedroom #5 with private bath
Bedroom	Third	12 x 12	12.00	12.00	Bedroom #6 with shared bath
Bedroom	Third	12 x 12	12.00	12.00	Bedroom #7 with shared bath
Bedroom	Third	12 x 12	12.00	12.00	Bedroom #8 with shared bath
Great Room	First	40 x 32	40.00	32.00	Great Room, includes Kitchen, Living Room, Dining
Recreation Room	Second	14 x 13	14.00	13.00	2nd Floor Rec Room
Recreation Room	Third	12 x 30	12.00	30.00	Third floor Rec Room
Garage	First	15 x 12	15.00	12.00

Listing Office: eXp Realty, LLC

Last Updated: September – 24 – 2024

Information deemed reliable but not guaranteed.