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103 DeLuna Place, Panama City Beach, FL 32413

$6,675,000
Property Type: Residential Bedrooms: 20 Baths: 25 Square Footage: 12,421 Lot Size (sq. ft.): 14,810 Status: Active
Current Price: $6,675,000 List Date: 11/30/2023 Last Modified: 4/10/2024

Description

Unlock a golden investment opportunity with this exclusive townhome development in the heart of Panama City Beach, Florida! Introducing a five-unit project that not only offers the allure of coastal living but also promises lucrative returns on your investment. Current projections are pushing up to 700k in potential rental revenue. Each townhome boasts 4 bedrooms and 4 bathrooms, providing spacious and luxurious accommodation for residents and guests alike. The open floor plan seamlessly connects living, dining, and kitchen areas, creating an inviting space perfect for both relaxation and entertainment. Embrace the allure of gulf views that grace each residence, offering a visual feast of the breathtaking surroundings. High-end GE Monogram appliances adorn the kitchens, elevating the culinary experience for residents and ensuring the appeal for potential renters. Current gross projections are Solid core doors and vertical concrete construction add a touch of sophistication and privacy throughout, creating a sense of exclusivity in each unit. The heated community pool becomes a year-round attraction, enhancing the overall appeal for tenants seeking a resort-like experience. For those with an eye on investment, the entire project offers an excellent opportunity for rental income. Strategically located across the street from the beach, these townhomes are poised to attract vacationers and long-term renters alike. Rental projections currently show this development could push up to $700,000 in potential rental revenue. Parking is a breeze with a two-car garage for each unit, providing convenience for residents and adding to the property's overall desirability. Elevate the appeal further by offering the option for an elevator, ensuring accessibility for all potential tenants. Seize the chance to own not just a single property but an entire investment project in one of Florida's most sought-after locations. With proximity to the beach, upscale amenities, and a focus on maximizing rental potential, these townhomes present a compelling investment package. Don't miss out on securing your stake in this coastal gem - schedule a comprehensive tour today and witness the potential returns awaiting you in this prime Panama City Beach development!

More Information MLS# 749760

Contract Info

Status: Active List Date: 2023-11-30 List Price: $6,675,000 List Price/SqFt: 537.4 Current Price: $6,675,000

Location

Area: 03 - Bay County - Beach Street #: 103 Street Name: DeLuna Street Suffix: Place State: FL Zip Code: 32413 County: Bay Sub Area: 0324 - Beach - West Central Subdivision: Laguna Beach Community/Resort: Laguna Beach Waterfront: No Parcel ID: Assigned at Closing - 101 & 103 DeLuna Place Units Elementary School: West Bay Middle School: Surfside High School: Arnold Directions: Located at the corner of DeLuna Place and Front Beach Road. Legal Description: Located on attached survey.

General Property Info

Sub-Type: Multi Family Design: N/A Apx SqFt(Htd/Cooled): 12421 SqFt Source: An Appraiser Bedrooms: 20 Full Baths: 20 Half Baths: 5 Total Baths: 25 # of Stories in Building: 3 # of Units in Bldg: 3 Year Built: 2023 Construction Status: Construction Complete Garage Y/N: Yes Garage Spaces: 10 Covered Spaces: 10 Lot Dimensions: 28 x 50 Acreage: 0.34 Lot Size (SqFt): 14810

Listing Info, Tax and Legal

Homestead: No HOA Fee: No New Buyer Fee: No New Buyer Fee Amt: 1000 Brokerage Interest: Equitable Interest - Listing Broker/Salesperson has equitable interest in the property.

Remarks & Misc

Remarks: Unlock a golden investment opportunity with this exclusive townhome development in the heart of Panama City Beach, Florida! Introducing a five-unit project that not only offers the allure of coastal living but also promises lucrative returns on your investment. Current projections are pushing up to 700k in potential rental revenue. Each townhome boasts 4 bedrooms and 4 bathrooms, providing spacious and luxurious accommodation for residents and guests alike. The open floor plan seamlessly connects living, dining, and kitchen areas, creating an inviting space perfect for both relaxation and entertainment. Embrace the allure of gulf views that grace each residence, offering a visual feast of the breathtaking surroundings. High-end GE Monogram appliances adorn the kitchens, elevating the culinary experience for residents and ensuring the appeal for potential renters. Current gross projections are Solid core doors and vertical concrete construction add a touch of sophistication and privacy throughout, creating a sense of exclusivity in each unit. The heated community pool becomes a year-round attraction, enhancing the overall appeal for tenants seeking a resort-like experience. For those with an eye on investment, the entire project offers an excellent opportunity for rental income. Strategically located across the street from the beach, these townhomes are poised to attract vacationers and long-term renters alike. Rental projections currently show this development could push up to $700,000 in potential rental revenue. Parking is a breeze with a two-car garage for each unit, providing convenience for residents and adding to the property's overall desirability. Elevate the appeal further by offering the option for an elevator, ensuring accessibility for all potential tenants. Seize the chance to own not just a single property but an entire investment project in one of Florida's most sought-after locations. With proximity to the beach, upscale amenities, and a focus on maximizing rental potential, these townhomes present a compelling investment package. Don't miss out on securing your stake in this coastal gem - schedule a comprehensive tour today and witness the potential returns awaiting you in this prime Panama City Beach development!

Property Features

Appliances: Cooktop - Gas; Dishwasher; Microwave; Oven - Electric; Range - Gas; Range Hood; Refrigerator; Water Heater - Tankless Construction/Siding: Block; Concrete; Foundation - Slab on Grade; Roof - Shingle/Shake; Siding - EIFS; Wood/Frame Cooling: Ceiling Fan(s); Central Air Heating: Central; Electric Exterior: Balcony; Pool; Porch Covered; Sprinkler System Furnished: Furnished - None Interior Features: Elevator; Floor Laminate; Floor Tile; Kitchen Island; Newly Painted; Owner's Closet; Security System Lot Access: City Road Mstr Bdrm/Mstr Bath: MBath Double Vanity; MBath Tile; MBed Balcony; MBed Walk-in Closet Pool Features: Fenced; Gunite Concrete; Heated - Gas; Inground; Private Security Features: Fire Alarm; Fire Sprinkler System; Prewired; Secured Garage/Parking; Smoke Detector(s) Parking Features: Carport Attached; Garage; Garage Attached Project Facilities: Community Pools; Owner's Pets Allowed; Pets Allowed; Pool; Project; Short Term Rental Allowed Rooms: Kitchen; Living Room; Master Bedroom Sale Type: As Is Utilities: Community Sewer; Community Water; Electric; Gas - Natural; Internet - Broadband Available; TV Cable Waterview: Gulf Present Zoning: Resid Multi-Family

Room Information

Kitchen Dimensions: 10 x 20 Length: 10.00 Width: 20.00 Dimensions: 10 x 20 Living Room Dimensions: 15 x 20 Length: 15.00 Width: 20.00 Dimensions: 15 x 20 Master Bedroom Dimensions: 13 x 13 Length: 13.00 Width: 13.00 Dimensions: 13 x 13 Master Bedroom Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Dimensions: 13 x 12 Master Bedroom Dimensions: 13 x 13 Length: 13.00 Width: 13.00 Dimensions: 13 x 13 Master Bedroom Dimensions: 13 x 13 Length: 13.00 Width: 13.00 Dimensions: 13 x 13 Master Bedroom Dimensions: 13 x 13 Length: 13.00 Width: 13.00 Dimensions: 13 x 13 Master Bedroom Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Dimensions: 13 x 12 Master Bedroom Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Dimensions: 13 x 12 Master Bedroom Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Dimensions: 13 x 12 Kitchen Dimensions: 10 x 20 Length: 10.00 Width: 20.00 Dimensions: 10 x 20 Kitchen Dimensions: 10 x 20 Length: 10.00 Width: 20.00 Dimensions: 10 x 20 Kitchen Dimensions: 10 x 20 Length: 10.00 Width: 20.00 Dimensions: 10 x 20 Kitchen Dimensions: 10 x 20 Length: 10.00 Width: 20.00 Dimensions: 10 x 20 Master Bedroom Dimensions: 13 x 13 Length: 13.00 Width: 13.00 Dimensions: 13 x 13 Master Bedroom Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Dimensions: 13 x 12 Living Room Dimensions: 15 x 20 Length: 15.00 Width: 20.00 Dimensions: 15 x 20 Living Room Dimensions: 15 x 20 Length: 15.00 Width: 20.00 Dimensions: 15 x 20 Living Room Dimensions: 15 x 20 Length: 15.00 Width: 20.00 Dimensions: 15 x 20 Living Room Dimensions: 15 x 20 Length: 15.00 Width: 20.00 Dimensions: 15 x 20
Listing Office: Scenic Sotheby's International Realty
Last Updated: April - 10 - 2024

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.