5928 Beach DR Active Save Request In-Person Tour Request Virtual Tour
Panama City,FL 32408
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,963 sqft
Price per Sqft $348
Subdivision Biltmore Beach 1St Add
MLS Listing ID 756259
Style Traditional
Bedrooms 5
Full Baths 3
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1997
Annual Tax Amount $4,826
Tax Year 2023
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Investor's Dream in Panama City Beach! High-Earning Vacation Rental with Strong History and Exceptional Features!This property is a proven income generator, with rental data showing consistently impressive returns--outperforming projections year after year! With a 2023 gross rental income of $93,000, and 2024 looking to finish just as strong, this 5-bedroom, 3-bathroom, single-story home is set up for maximum occupancy and comfort, accommodating up to 12 guests. It's fully turnkey, conveying all furniture and decor (updated in 2023) along with smart technology like digital thermostats and exterior floodlight cameras. Perfectly poised for the vacation rental market, the property offers coastal furnishings, spacious layouts, and valuable features that will continue to attract and retain renters. This property has been designed with durability and style in mind!Prime Features for High Occupancy Rates:Zero stairs making easy access for guests of all ages, tile flooring throughout, stainless steel appliances, and vaulted ceilings. Multiple Gathering Areas: Two enclosed porches, multiple dining spaces, and a private backyard with ample room for entertainingGuest-Focused Amenities: Laundry/utility room with an additional refrigerator, outdoor shower, pet-friendly backyard with grassy space, and a paver patio complete with a fire-pit and BBQ grillPrivacy for Groups: Spacious primary King ensuite with back patio access, secondary King ensuite, two Queen bedrooms, and a double bunk bedroom--ideal for large families or group bookings.Prime Location & Strong Reviews! This Airbnb rental, known as ''Pelican Paradise,'' boasts 62 reviews with a 4.63 average rating. Just blocks from a public boat ramp, renters can bring their boat or jet ski, adding appeal for guests seeking water-based adventures. Public beach access is nearby, with Rick Seltzer Beach Park and St Andrews State Park each only a mile away. Local dining, entertainment, and golf are within a two-mile radius, making this a highly desirable rental location in Panama City Beach.Additional Incentives: The motivated seller is offering $800 toward a home warranty at closing. Don't miss the chance to acquire this high-earning, low-maintenance investment property. Contact your real estate agent today to learn more or schedule a showing.Note: Buyer to verify all measurements and any information deemed important.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Breakfast Bar,High Ceilings,New Paint,Pantry,Remodeled,Recessed Lighting,Vaulted Ceiling(s)
Heating Central
Cooling Central Air,Ceiling Fan(s)
Fireplaces Type Outside
Furnishings Furnished
Fireplace No
Appliance Double Oven,Dryer,Dishwasher,Electric Cooktop,Electric Oven,Electric Water Heater,Freezer,Microwave,Range Hood,Washer
Exterior
Exterior Feature Outdoor Shower,Porch,Patio
Garage Driveway,Open,Paved
Fence Fenced,Privacy
Community Features Short Term Rental Allowed
Utilities Available Electricity Connected,Septic Available,Water Connected
Waterfront No
Roof Type Metal
Porch Porch,Screened
Parking Type Driveway,Open,Paved
Building
Foundation Slab
Sewer Septic Tank
Architectural Style Traditional
Construction Status Updated/Remodeled
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 32122-000-000
Security Features Smoke Detector(s)
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan