, Panama City Beach, FL 32408 (MLS# 715812)

Panama City Beach, FL 32408

$3,250,000

Property Type: Commercial for Sale Square Footage: 15,700 Status: Sold

Current Price: $3,250,000 List Date: 8/20/2021 Last Modified: 10/04/2024

Overview

Description

Our area is experiencing exceptional growth!! Fantastic opportunity to take advantage of the high the rental rates. 18 Unfurnished Two Bedroom / Two Bath units located in a prime resort location. Property is in excellent condition. Must be purchased as a whole but later should be able sell off as 18 separate units or keep and manage yourself as vacation rentals. Trip Advisor named Panama City Beach as a top emerging travel destination. The right investor could turn this property into a money machine. Call for more details. Call For Offers Deadline: 9/6/21.

Listing Details MLS# 715812

Contract Info

List Price/SqFt: 203.76
Sub-Type: Multi-Family

Location

Area: 03 – Bay County – Beach
Unit #: 2181
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0319 – Beach – East
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Call listing agent for directions.
Legal Description: ORANGE LAKE, A TIMESHARE UNIT 2181 2BR 2B ORB 3026 P 280 990 TSF (USE TO BE LOCH LEGEND VIII . UNIT 2187)

General Property Info

List Class: Condominium
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Tot Bldg: 15700
Year Built: 1987
Acreage: 0

Status Change Info

Under Contract Date: 2021-10-07
Sold Date: 2021-11-19
Sold Price/SqFt: 207.01

Multi-Family

Year Built: 1987
Building SqFt: 15700

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 27000
HOA Frequency: Annually

More Information

Remarks & Misc

Remarks: Our area is experiencing exceptional growth!! Fantastic opportunity to take advantage of the high the rental rates. 18 Unfurnished Two Bedroom / Two Bath units located in a prime resort location. Property is in excellent condition. Must be purchased as a whole but later should be able sell off as 18 separate units or keep and manage yourself as vacation rentals. Trip Advisor named Panama City Beach as a top emerging travel destination. The right investor could turn this property into a money machine. Call for more details. Call For Offers Deadline: 9/6/21.

Construction/Siding

Foundation – Slab on Grade: Yes

Energy

AC – 2 or More: Yes
AC – Central Elect: Yes
Heat – Central Electric: Yes
Water Heater – Electric: Yes

Association Fees Include

Playground: Yes
Pool: Yes

Financing

Cash: Yes
Conventional: Yes

Present Zoning

Resort: Yes

Association Amenities

Golf: Yes
Playground: Yes
Pool: Yes

Project Facilities

Other – See Remarks: Yes

Utilities

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

Sale Type

As Is: Yes

Floors in Unit/Home

Three Or More: Yes

Heating/Cooling

AC – HVAC: Yes
Heat – HVAC: Yes

Offering Type

Real Estate: Yes
Sale Only: Yes

Pricing Type

Sale Price: Yes

Site Description

Covenant: Yes
Deed Restriction: Yes
Flood Plain: Yes
Landscaped: Yes
Retention Pond: Yes

Transport. Access

2-Lane: Yes

Property Features

Energy: AC – 2 or More; AC – Central Elect; Heat – Central Electric; Water Heater – Electric Financing: Cash; Conventional Offering Type: Real Estate; Sale Only Pricing Type: Sale Price Present Zoning: Resort Project Facilities: Other – See Remarks Sale Type: As Is Site Description: Covenant; Deed Restriction; Flood Plain; Landscaped; Retention Pond Utilities: All Utilities; Public Sewer – Connected; Water Connected

Listing Office: Coldwell Banker Carroll Realty

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.