5903 Gulf Drive, Panama City Beach, FL 32408

$1,400,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,296 Lot Size (sq. ft.): 3,441 Status: Sold
Current Price: $1,400,000 List Date: 8/23/2021 Last Modified: 9/23/2024

Overview

Description

CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. GULF FRONT! Welcome to the Palapa House. Just steps to the turquoise waters on the beautiful Gulf of Mexico and shimmering white sands plus no HOA fees! This is a rare jewel as you own all the way to the water’s edge! RENTAL INCOME AS FOLLOWS: 2017 $76,374, 2018 $95,765 2019 $79,654 2020 $70,433 2021 Jan.-August $140,000. Take a relaxing walk or jog on the beach right out your back door or enjoy the sea breeze under your very own one-of-a-kind private Palapa! Balconies upstairs and down to enjoy the gorgeous sunsets or have some great cookouts! Guests return to the Palapa House year- after- year. New HVAC 2020. Beautifully furnished and remodeled with updated kitchen and baths. Just a short drive to St. Andrew State Park

Supplements: nt a pontoon boat or wave runner and take a ride to Shell Island, and fabulous waterfront restaurants including two Golden Spoon Award Winners. No waiting for an elevator here! This is a wonderful home to create many family memories! Less than 7% of gulf front tracts in PCB have a deeded lot that include the white sandy beach as part of the pro

Listing Details MLS# 715953

Contract Info

List Price/SqFt
1234.49

Location

Area
03 – Bay County – Beach
Street #
5903
Street Name
Gulf
Street Suffix
Drive
State
FL
Zip Code
32408
County
Bay
Sub Area
0323 – Beach – South of Grand Lagoon
Subdivision
Gulf Lagoon Beach
Community/Resort
None
Waterfront
Yes
Parcel ID
30571-010-000
Elementary School
Patronis
Middle School
Surfside
High School
Arnold
Directions
South on Thomas Drive around the curve. Turn left (south) on Nova Street right next to Regency Towers Condo. At the end of Nova Street turn left an the house is gulf front next door to Regency Towers.
Legal Description
8-4S-15W -17.1- BEG 374.25' SWLY OF NW COR LOT 11 BLK 13 GULF LAGOON BEACH TH NWLY 14' SWLY 246' TO GULF SELY TO PT NELY 246' TO POB AKA PT LOT 77 BLK 13 SACH'S UNREC ORB 3778 P 731

General Property Info

Sub-Type
Detached Single Family
Design
Beach House
Apx SqFt(Htd/Cooled)
1296
SqFt Source
Prop App Site
Full Baths
2
Total Baths
2
Year Built
1982
Construction Status
Construction Complete
Garage Y/N
No
Lot Dimensions
14×246
Acreage
0.08
Lot Size (SqFt)
3441

Status Change Info

Under Contract Date
2021-08-30
Sold Date
2021-11-10
Sold Price/SqFt
1080.25
Sold Price/Acre
17500000

Listing Info, Tax and Legal

HOA Fee
No
New Buyer Fee
No
Last Taxes
5325
Last Tax Year
2020
Brokerage Interest
No Interest
As Is
No

Remarks & Misc

Remarks
CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. GULF FRONT! Welcome to the Palapa House. Just steps to the turquoise waters on the beautiful Gulf of Mexico and shimmering white sands plus no HOA fees! This is a rare jewel as you own all the way to the water's edge! RENTAL INCOME AS FOLLOWS: 2017 $76,374, 2018 $95,765 2019 $79,654 2020 $70,433 2021 Jan.-August $140,000. Take a relaxing walk or jog on the beach right out your back door or enjoy the sea breeze under your very own one-of-a-kind private Palapa! Balconies upstairs and down to enjoy the gorgeous sunsets or have some great cookouts! Guests return to the Palapa House year- after- year. New HVAC 2020. Beautifully furnished and remodeled with updated kitchen and baths. Just a short drive to St. Andrew State Park

More Information

Balcony

Second
Yes

Appliances

Cooktop – Electric
Yes
Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Ice Maker
Yes
Microwave
Yes
Oven – Electric
Yes
Range – Electric
Yes
Range Hood
Yes
Refrigerator
Yes
Washer
Yes
Water Heater – Electric
Yes

Interior Features

Washer/Dryer Hookup
Yes
Breakfast Bar
Yes
Floor – Vinyl Plank
Yes
Inside Storage
Yes
Window – Treatment All
Yes

Construction/Siding

Foundation – On Piling
Yes
Frame
Yes
Roof – Dimensional Shg
Yes

Existing Leases

Daily/Weekly
Yes

Exterior

Balcony
Yes
Porch Covered
Yes

Waterfront Feature

Shore – Beach
Yes

Other Structures

Other
Yes
See Remarks
Yes

Financing

Cash
Yes
Conventional
Yes
VA
Yes

Furnished

Furnished
Yes

Kitchen

Second
Yes

Living Room

Second
Yes

Lot Features

Deeded Access Water
Yes
Near Public Boat Ramp
Yes
Waterfront
Yes

Lot Access

Paved Road
Yes

Parking Features

Driveway
Yes

Mstr Bath / Mstr Bdrm

MBed First Floor
Yes
MBath Shower/Tub Combo
Yes

Present Zoning

Resid Single Family
Yes

Rooms

Balcony
Yes
Bedroom
Yes
Full Bathroom
Yes
Kitchen
Yes
Living Room
Yes

Utilities

TV Cable
Yes
Internet – Broadband Available
Yes
Water Connected
Yes
Septic Tank
Yes

Waterview

Gulf
Yes

Full Bathroom

First
Yes
Second
Yes

Waterfront Type

Gulf
Yes

Bedroom

First
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Wall Unit(s)
Yes

Security Features

Smoke Detector(s)
Yes

Property Features

Appliances: Cooktop – Electric; Dishwasher; Disposal; Dryer; Ice Maker; Microwave; Oven – Electric; Range – Electric; Range Hood; Refrigerator; Washer; Water Heater – Electric Full Bathroom: First; Second Bedroom: First Cooling: Ceiling Fan(s); Central Air; Wall Unit(s) Existing Leases: Daily/Weekly Exterior: Balcony; Porch Covered Financing: Cash; Conventional; VA Furnished: Furnished Kitchen: Second Living Room: Second Lot Features: Deeded Access Water; Near Public Boat Ramp; Waterfront Lot Access: Paved Road Balcony: Second Security Features: Smoke Detector(s) Parking Features: Driveway Other Structures: Other; See Remarks Rooms: Balcony; Bedroom; Full Bathroom; Kitchen; Living Room Utilities: TV Cable; Internet – Broadband Available; Septic Tank; Water Connected Waterfront Type: Gulf Waterfront Feature: Shore – Beach Waterview: Gulf Present Zoning: Resid Single Family

Room Information

Room Name Level Dimensions Length Width Remarks
Living Room Second 19 x 16 19.00 16.00 Living/Dining Combo
Kitchen Second 9 x 10 9.00 10.00
Full Bathroom Second 7 x 4 7.00 4.00 Shower/tub combo, granite countertop, sink
Bedroom First 15 x 13 15.00 13.00 Also includes bunk beds
Bedroom First 10 x 9 10.00 9.00 Gulf front
Full Bathroom First 8 x 5 8.00 5.00 Shower only, vessel sink
Balcony Second 13 x 6 13.00 6.00 Expansive gulf views and comfy furniture
Listing Office: Coldwell Banker Realty
Last Updated: September – 23 – 2024
Information deemed reliable but not guaranteed.