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: Unfurnished
Interior Features: Owner's Closet; Elevator; Floor Laminate; Floor Tile; Kitchen Island; Newly Painted; Security System
Lot Access: City Street
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: Owner's Pets Allowed; Pets Allowed; Pool; Project; Short Term Rental Allowed
Rooms: Kitchen; Living Room; Master Bedroom
Sale Type: As Is
Utilities: TV Cable; Electricity Connected; Internet - Broadband Available; Natural Gas Connected
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.