5300 Thomas Drive, Panama City, FL 32408
$2,199,000
Property Type:
Residential
Bedrooms:
10
Baths:
10
Square Footage:
4,652
Status:
Active
Current Price:
$2,199,000
List Date:
4/19/2024
Last Modified:
4/22/2024
Description
Embark on an investment journey with this eye-catching duplex, where the allure of Panama City Beach comes to life. This property offers breathtaking water vistas from its upper level and a spacious layout with five bedrooms on each side, plus additional bunk rooms, totaling 10 rooms alongside two bunk areas. Perfect for accommodating various group sizes, it ensures a comfortable and memorable stay for all guests. Step outside to enjoy the exclusive pool, a serene oasis just moments from your living space. With rental income projections ranging from $260,000 to $280,000, this duplex stands out as a premier investment opportunity in a coveted locale. Positioned merely a block from several beach accesses and two blocks from the famed Schooners seafood restaurant, the location is unbeatable. The interior boasts tasteful designs and high-end finishes curated by a local interior designer, featuring durable LVP flooring, sleek stainless steel appliances, a washer/dryer set, elegant quartz countertops, smooth soft-close cabinetry, stylish tile showers, and more. Offered fully furnished as depicted, this duplex is ready to start generating income from day one.
More Information MLS# 755937
Contract Info
Status: Active
List Date: 2024-02-15
List Price: $2,199,000
List Price/SqFt: 472.7
Current Price: $2,199,000
Location
Area: 03 - Bay County - Beach
Street #: 5300
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 - Beach - South of Grand Lagoon
Subdivision: Gulf Lagoon Beach
Community/Resort: None
Waterfront: No
Parcel ID: 32376-020-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: If coming from the Halfway bridge turn onto Thomas Drive and all the way until it almost runs into the water and keep following it to the right at the light. It will be on the right hand side right after Irwin street.
Legal Description: GULF LAGOON BEACH LOT 4 & PART OF LOT 5 BLK 18 (6.02) ORB 4496 P 994
General Property Info
Sub-Type: Duplex Multi-Units
Design: Duplex
Apx SqFt(Htd/Cooled): 4652
SqFt Source: Builders Plans
Bedrooms: 10
Full Baths: 8
Half Baths: 2
Total Baths: 10
# of Stories in Building: 3
Year Built: 2024
Immediate Occupancy: Yes
Construction Status: Construction Complete
Garage Y/N: No
Driveway Spaces: 4
Lot Dimensions: 74X110
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 2520
Last Tax Year: 2023
Brokerage Interest: Familial Interest - Listing Broker/Licensee related to owner.
As Is: Yes
Remarks & Misc
Remarks: Embark on an investment journey with this eye-catching duplex, where the allure of Panama City Beach comes to life. This property offers breathtaking water vistas from its upper level and a spacious layout with five bedrooms on each side, plus additional bunk rooms, totaling 10 rooms alongside two bunk areas. Perfect for accommodating various group sizes, it ensures a comfortable and memorable stay for all guests. Step outside to enjoy the exclusive pool, a serene oasis just moments from your living space. With rental income projections ranging from $260,000 to $280,000, this duplex stands out as a premier investment opportunity in a coveted locale. Positioned merely a block from several beach accesses and two blocks from the famed Schooners seafood restaurant, the location is unbeatable. The interior boasts tasteful designs and high-end finishes curated by a local interior designer, featuring durable LVP flooring, sleek stainless steel appliances, a washer/dryer set, elegant quartz countertops, smooth soft-close cabinetry, stylish tile showers, and more. Offered fully furnished as depicted, this duplex is ready to start generating income from day one.
Property Features
Appliances: Cooktop - Electric; Dishwasher; Disposal; Microwave; Oven - Electric; Range - Electric; Refrigerator; Water Heater - Electric
Master Bedroom: Second
Bedroom: Second; Third
Construction/Siding: Foundation - Slab on Grade; Roof - Metal; Siding - Hardie Board; Trim - Hardie Board
Cooling: Central Air
Heating: Central; Electric
Exterior: Balcony; Fenced Back Yard; Patio Covered; Pool; Porch Covered; Sprinkler System; Storm Windows
Financing: Cash; Conventional
Furnished: Furnished - All
Interior Features: Bunk Room; Floor Vinyl Plank; Kitchen Island; Newly Painted
Lot Access: City Road
Bunk Room: Second
Pool Features: Private
Security Features: Fire Sprinkler System; Smoke Detector(s)
Parking Features: Driveway
Rooms: Bedroom; Bunk Room; Master Bedroom
Sale Type: As Is
Utilities: Public Sewer; Public Water
Waterview: Gulf
Present Zoning: Commercial
Room Information
Master Bedroom
Level: Second
Dimensions: 12.1 x 13.9
Length: 12.10
Width: 13.90
Dimensions: 12.1 x 13.9
Bedroom
Level: Second
Dimensions: 14.3 x 9.2
Length: 14.30
Width: 9.20
Dimensions: 14.3 x 9.2
Bunk Room
Level: Second
Dimensions: 7 x 9
Length: 7.00
Width: 9.00
Dimensions: 7 x 9
Bedroom
Level: Third
Dimensions: 15.5 x 12.5
Length: 15.50
Width: 12.50
Dimensions: 15.5 x 12.5
Bedroom
Level: Third
Dimensions: 10.2 x 10.7
Length: 10.20
Width: 10.70
Dimensions: 10.2 x 10.7
Bedroom
Level: Third
Dimensions: 10.2 x 10.7
Length: 10.20
Width: 10.70
Dimensions: 10.2 x 10.7
Master Bedroom
Level: Second
Dimensions: 12.1 x 13.9
Length: 12.10
Width: 13.90
Dimensions: 12.1 x 13.9
Bedroom
Level: Second
Dimensions: 14.3 x 9.2
Length: 14.30
Width: 9.20
Dimensions: 14.3 x 9.2
Bunk Room
Level: Second
Dimensions: 7 x 9
Length: 7.00
Width: 9.00
Dimensions: 7 x 9
Bedroom
Level: Third
Dimensions: 15.5 x 12.5
Length: 15.50
Width: 12.50
Dimensions: 15.5 x 12.5
Bedroom
Level: Third
Dimensions: 10.2 x 10.7
Length: 10.20
Width: 10.70
Dimensions: 10.2 x 10.7
Bedroom
Level: Third
Dimensions: 10.2 x 10.7
Length: 10.20
Width: 10.70
Dimensions: 10.2 x 10.7
Listing Office: Scenic Sotheby's International Realty
Last Updated: April - 22 - 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.