5903 Gulf Drive, Panama City Beach, FL 32408
$1,400,000
Property Type:
Residential
Bedrooms:
3
Baths:
2
Square Footage:
1,296
Lot Size (sq. ft.):
3,441
Status:
Sold
Current Price:
$1,599,900
List Date:
8/23/2021
Last Modified:
9/23/2024
Description
CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. GULF FRONT! Welcome to the Palapa House. Just steps to the turquoise waters on the beautiful Gulf of Mexico and shimmering white sands plus no HOA fees! This is a rare jewel as you own all the way to the water's edge! RENTAL INCOME AS FOLLOWS:
2017 $76,374,
2018 $95,765
2019 $79,654
2020 $70,433
2021 Jan.-August $140,000. Take a relaxing walk or jog on the beach right out your back door or enjoy the sea breeze under your very own one-of-a-kind private Palapa! Balconies upstairs and down to enjoy the gorgeous sunsets or have some great cookouts! Guests return to the Palapa House year- after- year. New HVAC 2020. Beautifully furnished and remodeled with updated kitchen and baths. Just a short drive to St. Andrew State Park
Supplements: nt a pontoon boat or wave runner and take a ride to Shell Island, and fabulous waterfront restaurants including two Golden Spoon Award Winners. No waiting for an elevator here! This is a wonderful home to create many family memories! Less than 7% of gulf front tracts in PCB have a deeded lot that include the white sandy beach as part of the property. This house was originally built by Regency Towers architect and is positioned further onto the beach than any other property insuring forever gulf views to the east and west. Flood insurance is very inexpensive due to being grandfathered in to an older non- flood map. The palapa was city approved to be built on the beach because of the rare extended property lines that stop at the waters edge. Sleeps 11. The three bunks are twin XL. New high-end sunbrella outdoor furniture, April 2021. New queen mattress in the downstairs bunkroom. New Murphy bed and queen-size mattress. Mature palm trees installed with automatic irrigation system as well as 8x40 privacy fence. Two new beach decks built and stained with custom cable rails also installed April, 2021.
More Information MLS# 715953
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 5325
Last Tax Year: 2020
Brokerage Interest: No Interest
As Is: No
Contract Info
List Price/SqFt: 1234.49
Status: Sold
List Date: 2021-08-09
List Price: $1,599,900
Current Price: $1,400,000
Location
Sub Area: 0323 - Beach - South of Grand Lagoon
Community/Resort: None
Waterfront: Yes
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: South on Thomas Drive around the curve. Turn left (south) on Nova Street right next to Regency Towers Condo. At the end of Nova Street turn left an the house is gulf front next door to Regency Towers.
Area: 03 - Bay County - Beach
Street #: 5903
Street Name: Gulf
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Gulf Lagoon Beach
Parcel ID: 30571-010-000
Legal Description: 8-4S-15W -17.1- BEG 374.25' SWLY OF NW COR LOT 11 BLK 13 GULF LAGOON BEACH TH NWLY 14' SWLY 246' TO GULF SELY TO PT NELY 246' TO POB AKA PT LOT 77 BLK 13 SACH'S UNREC ORB 3778 P 731
General Property Info
Acreage: 0.08
Design: Beach House
Lot Size (SqFt): 3441
Apx SqFt(Htd/Cooled): 1296
Construction Status: Construction Complete
SqFt Source: Prop App Site
Lot Dimensions: 14x246
Garage Y/N: No
Sub-Type: Detached Single Family
Bedrooms: 3
Full Baths: 2
Total Baths: 2
Year Built: 1982
Remarks & Misc
Remarks: CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. GULF FRONT! Welcome to the Palapa House. Just steps to the turquoise waters on the beautiful Gulf of Mexico and shimmering white sands plus no HOA fees! This is a rare jewel as you own all the way to the water's edge! RENTAL INCOME AS FOLLOWS:
2017 $76,374,
2018 $95,765
2019 $79,654
2020 $70,433
2021 Jan.-August $140,000. Take a relaxing walk or jog on the beach right out your back door or enjoy the sea breeze under your very own one-of-a-kind private Palapa! Balconies upstairs and down to enjoy the gorgeous sunsets or have some great cookouts! Guests return to the Palapa House year- after- year. New HVAC 2020. Beautifully furnished and remodeled with updated kitchen and baths. Just a short drive to St. Andrew State Park
Status Change Info
Sold Price/SqFt: 1080.25
Sold Price/Acre: 17500000
Under Contract Date: 2021-08-30
Sold Date: 2021-11-10
Sold Price: $1,400,000
Balcony
Second: 1
Appliances
Cooktop - Electric: 1
Dishwasher: 1
Disposal: 1
Dryer: 1
Ice Maker: 1
Microwave: 1
Oven - Electric: 1
Range - Electric: 1
Range Hood: 1
Refrigerator: 1
Washer: 1
Water Heater - Electric: 1
Interior Features
Washer/Dryer Hookup: 1
Breakfast Bar: 1
Floor - Vinyl Plank: 1
Inside Storage: 1
Window - Treatment All: 1
Construction/Siding
Foundation - On Piling: 1
Frame: 1
Roof - Dimensional Shg: 1
Existing Leases
Daily/Weekly: 1
Exterior
Balcony: 1
Porch Covered: 1
Waterfront Feature
Shore - Beach: 1
Other Structures
Other: 1
See Remarks: 1
Financing
Cash: 1
Conventional: 1
VA: 1
Furnished
Furnished: 1
Kitchen
Second: 1
Living Room
Second: 1
Lot Features
Deeded Access Water: 1
Near Public Boat Ramp: 1
Waterfront: 1
Lot Access
Paved Road: 1
Parking Features
Driveway: 1
Mstr Bath / Mstr Bdrm
MBed First Floor: 1
MBath Shower/Tub Combo: 1
Present Zoning
Resid Single Family: 1
Rooms
Balcony: 1
Bedroom: 1
Full Bathroom: 1
Kitchen: 1
Living Room: 1
Utilities
TV Cable: 1
Internet - Broadband Available: 1
Water Connected: 1
Septic Tank: 1
Waterview
Gulf: 1
Full Bathroom
First: 1
Second: 1
Waterfront Type
Gulf: 1
Bedroom
First: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Wall Unit(s): 1
Security Features
Smoke Detector(s): 1
Property Features
Appliances: Cooktop - Electric; Dishwasher; Disposal; Dryer; Ice Maker; Microwave; Oven - Electric; Range - Electric; Range Hood; Refrigerator; Washer; Water Heater - Electric
Full Bathroom: First; Second
Bedroom: First
Cooling: Ceiling Fan(s); Central Air; Wall Unit(s)
Existing Leases: Daily/Weekly
Exterior: Balcony; Porch Covered
Financing: Cash; Conventional; VA
Furnished: Furnished
Kitchen: Second
Living Room: Second
Lot Features: Deeded Access Water; Near Public Boat Ramp; Waterfront
Lot Access: Paved Road
Balcony: Second
Security Features: Smoke Detector(s)
Parking Features: Driveway
Other Structures: Other; See Remarks
Rooms: Balcony; Bedroom; Full Bathroom; Kitchen; Living Room
Utilities: TV Cable; Internet - Broadband Available; Septic Tank; Water Connected
Waterfront Type: Gulf
Waterfront Feature: Shore - Beach
Waterview: Gulf
Present Zoning: Resid Single Family
Room Information
Living Room
Level: Second
Dimensions: 19 x 16
Length: 19.00
Width: 16.00
Dimensions: 19 x 16
Remarks: Living/Dining Combo
Kitchen
Level: Second
Dimensions: 9 x 10
Length: 9.00
Width: 10.00
Dimensions: 9 x 10
Full Bathroom
Level: Second
Dimensions: 7 x 4
Length: 7.00
Width: 4.00
Dimensions: 7 x 4
Remarks: Shower/tub combo, granite countertop, sink
Bedroom
Level: First
Dimensions: 15 x 13
Length: 15.00
Width: 13.00
Dimensions: 15 x 13
Remarks: Also includes bunk beds
Bedroom
Level: First
Dimensions: 10 x 9
Length: 10.00
Width: 9.00
Dimensions: 10 x 9
Remarks: Gulf front
Full Bathroom
Level: First
Dimensions: 8 x 5
Length: 8.00
Width: 5.00
Dimensions: 8 x 5
Remarks: Shower only, vessel sink
Balcony
Level: Second
Dimensions: 13 x 6
Length: 13.00
Width: 6.00
Dimensions: 13 x 6
Remarks: Expansive gulf views and comfy furniture
Listing Office:
Coldwell Banker Realty
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.