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644 Caladium Circle, Panama City Beach, FL 32413

$3,404,000
Property Type: Commercial for Sale Square Footage: 9,660 Lot Size (sq. ft.): 11,326 Status: Active
Current Price: $3,404,000 List Date: 12/05/2025 Last Modified: 12/05/2025

Description

644 W Caladium Circle presents a rare, high-performing investment opportunity in a premier beachside location. This fully refreshed 26-unit complex features 22 studios, two 1BR/1BA units, and two 2BR/1BA units—each updated with new paint, composite flooring, modern fixtures, refreshed bathrooms, and upgraded appliances. A consistently strong occupancy rate ensures immediate Day-One cash flow, further enhanced by an income-producing onsite laundry facility that adds to overall revenue. Ideally positioned directly across from the Gulf with beach views and easy walkability to dining, shopping, Pier Park, Topgolf, and easy access to Dolly Parton's Pirates Voyage Dinner & Show, this property offers exceptional potential for both long-term and short-term rental strategies. With recent pricing adjustments, this coastal asset now delivers even greater value in one of PCB's most in-demand corridors.

More Information MLS# 782382

Contract Info

List Price/SqFt: 352.38 List Date: 2025-12-05 List Price: $3,404,000 Current Price: $3,404,000 Sub-Type: Multi-Family

Location

Sub Area: 0318 - Beach - Central South Community/Resort: None Waterfront: No Elementary School: Hutchison Beach Middle School: Surfside High School: Arnold Directions: From Hwy 79 take Front Beach Road East to Gulf. Take a left and building will be first one on the left. Area: 03 - Bay County - Beach Street #: 644 Street Name: Caladium Street Suffix: Circle State: FL Zip Code: 32413 County: Bay Subdivision: Open Sands Parcel ID: 33832-003-000 & 33832-001-000 Legal Description: OPEN SANDS (1.01) TRI PCL ADJ S LINE BLK A ORB 3898 P 1025 & OPEN SANDS LOTS 1 & 2 BLK A ORB 3898 P 1025

General Property Info

List Class: Apartment Acreage: 0.26 Construction Status: Construction Complete # of Units: 26 # of Stories in Building: 2 SqFt Tot Bldg: 9660 Year Built: 1982

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: 644 W Caladium Circle presents a rare, high-performing investment opportunity in a premier beachside location. This fully refreshed 26-unit complex features 22 studios, two 1BR/1BA units, and two 2BR/1BA units—each updated with new paint, composite flooring, modern fixtures, refreshed bathrooms, and upgraded appliances. A consistently strong occupancy rate ensures immediate Day-One cash flow, further enhanced by an income-producing onsite laundry facility that adds to overall revenue. Ideally positioned directly across from the Gulf with beach views and easy walkability to dining, shopping, Pier Park, Topgolf, and easy access to Dolly Parton's Pirates Voyage Dinner & Show, this property offers exceptional potential for both long-term and short-term rental strategies. With recent pricing adjustments, this coastal asset now delivers even greater value in one of PCB's most in-demand corridors.

Waterview

Gulf: 1

Sale Type

As Is: 1

Floors in Unit/Home

Two: 1

Multi-Family

# of Units: 26

Status Change Info

Status: Active

Property Features

Sale Type: As Is Waterview: Gulf
Listing Office: Luxe Coastal Realty Group LLC
Last Updated: December - 05 - 2025
Information deemed reliable but not guaranteed.