NEW CONSTRUCTION to be complete in mid September! 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 Cafe 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 Cafe 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 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!