Panama City Beach, FL 32408
$3,250,000
Property Type:
Commercial for Sale
Square Footage:
15,700
Status:
Sold
Current Price:
$3,199,000
List Date:
8/20/2021
Last Modified:
10/04/2024
Description
Our area is experiencing exceptional growth!! Fantastic opportunity to take advantage of the high the rental rates. 18 Unfurnished Two Bedroom / Two Bath units located in a prime resort location. Property is in excellent condition. Must be purchased as a whole but later should be able sell off as 18 separate units or keep and manage yourself as vacation rentals. Trip Advisor named Panama City Beach as a top emerging travel destination. The right investor could turn this property into a money machine. Call for more details. Call For Offers Deadline: 9/6/21.
More Information MLS# 715812
Contract Info
List Price/SqFt: 203.76
List Date: 2021-08-19
List Price: $3,199,000
Current Price: $3,250,000
Sub-Type: Multi-Family
Location
Unit #: 2181
Sub Area: 0319 - Beach - East
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Call listing agent for directions.
Area: 03 - Bay County - Beach
State: FL
Zip Code: 32408
County: Bay
Subdivision: [No Recorded Subdiv]
Legal Description: ORANGE LAKE, A TIMESHARE UNIT 2181 2BR 2B ORB 3026 P 280 990 TSF (USE TO BE LOCH LEGEND VIII . UNIT 2187)
General Property Info
List Class: Condominium
Acreage: 0
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Tot Bldg: 15700
Year Built: 1987
Listing Info, Tax and Legal
HOA Fee: Yes
HOA Amount: 27000
HOA Frequency: Annually
Remarks & Misc
Remarks: Our area is experiencing exceptional growth!! Fantastic opportunity to take advantage of the high the rental rates. 18 Unfurnished Two Bedroom / Two Bath units located in a prime resort location. Property is in excellent condition. Must be purchased as a whole but later should be able sell off as 18 separate units or keep and manage yourself as vacation rentals. Trip Advisor named Panama City Beach as a top emerging travel destination. The right investor could turn this property into a money machine. Call for more details. Call For Offers Deadline: 9/6/21.
Status Change Info
Sold Price/SqFt: 207.01
Status: Sold
Under Contract Date: 2021-10-07
Sold Date: 2021-11-19
Sold Price: $3,250,000
Construction/Siding
Foundation - Slab on Grade: 1
Energy
AC - 2 or More: 1
AC - Central Elect: 1
Heat - Central Electric: 1
Water Heater - Electric: 1
Association Fees Include
Playground: 1
Pool: 1
Financing
Cash: 1
Conventional: 1
Present Zoning
Resort: 1
Association Amenities
Golf: 1
Playground: 1
Pool: 1
Project Facilities
Other - See Remarks: 1
Utilities
All Utilities: 1
Public Sewer - Connected: 1
Water Connected: 1
Sale Type
As Is: 1
Floors in Unit/Home
Three Or More: 1
Heating/Cooling
AC - HVAC: 1
Heat - HVAC: 1
Offering Type
Real Estate: 1
Sale Only: 1
Multi-Family
Year Built: 1987
Building SqFt: 15700
Pricing Type
Sale Price: 1
Site Description
Covenant: 1
Deed Restriction: 1
Flood Plain: 1
Landscaped: 1
Retention Pond: 1
Transport. Access
2-Lane: 1
Property Features
Energy: AC - 2 or More; AC - Central Elect; Heat - Central Electric; Water Heater - Electric
Financing: Cash; Conventional
Offering Type: Real Estate; Sale Only
Pricing Type: Sale Price
Present Zoning: Resort
Project Facilities: Other - See Remarks
Sale Type: As Is
Site Description: Covenant; Deed Restriction; Flood Plain; Landscaped; Retention Pond
Utilities: All Utilities; Public Sewer - Connected; Water Connected
Listing Office:
Coldwell Banker Carroll Realty
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.