5928 Beach DR Active Save Request In-Person Tour Request Virtual Tour
Panama City,FL 32408
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,963 sqft
Price per Sqft $343
Subdivision Biltmore Beach 1St Add
MLS Listing ID 756259
Style Traditional
Bedrooms 5
Full Baths 3
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1997
Annual Tax Amount $4,826
Tax Year 2023
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Income-Generating Gem: Investor's Dream in Panama City Beach! Turnkey High-Earning Vacation Rental - Prime Opportunity!This 5-bedroom, 3-bathroom, single-story home is a proven cash-flow powerhouse! With a 2023 gross rental income of $93,000 and 2024 on track for similar success, this property outperforms projections year after year. Fully turnkey, it conveys all updated furnishings, decor (refreshed in 2023), and smart home features, including digital thermostats and exterior cameras. Whether you're a seasoned investor or a first-time buyer, this property is set up for seamless management and maximum occupancy, comfortably accommodating up to 12 guests.Exceptional Features Designed for High DemandGuest-Friendly Layout: Single-story home with zero stairs, tile flooring throughout, vaulted ceilings, and stainless steel appliances.Entertainment Spaces: Two enclosed porches, multiple dining areas, and a private backyard with a fire pit, BBQ grill, and plenty of room for outdoor fun.Enhanced Amenities: Pet-friendly backyard, outdoor shower, a spacious laundry/utility room with a second refrigerator, and ample parking for guests.Group-Friendly Design: Two King en-suites (one with patio access), two Queen bedrooms, and a double bunk bedroom ensure privacy and comfort for families or group bookings.Prime Location for Year-Round BookingsKnown as ''Pelican Paradise'' on Airbnb, this rental boasts 65 reviews with a 4.62-star average rating. Located just blocks from a public boat ramp, it's perfect for water enthusiasts bringing boats or jet skis. Public beach access is nearby, with Rick Seltzer Beach Park and St. Andrews State Park just a mile away. Local dining, entertainment, and golf are within a two-mile radius, making this property an in-demand destination for vacationers.Added Value for Buyers: The motivated seller is offering $800 toward a home warranty at closing, providing peace of mind for the next owner.This is your chance to own a high-performing, low-maintenance investment property in the heart of Panama City Beach's vacation rental market. Don't wait--contact your real estate agent today to schedule a showing or request more details!Note: Buyer to verify all measurements and any information deemed important.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Breakfast Bar,High Ceilings,New Paint,Pantry,Remodeled,Recessed Lighting,Vaulted Ceiling(s)
Heating Central
Cooling Central Air,Ceiling Fan(s)
Fireplaces Type Outside
Furnishings Furnished
Fireplace No
Appliance Double Oven,Dryer,Dishwasher,Electric Cooktop,Electric Oven,Electric Water Heater,Freezer,Microwave,Range Hood,Washer
Exterior
Exterior Feature Outdoor Shower,Porch,Patio
Parking Features Driveway,Open,Paved
Fence Fenced,Privacy
Community Features Short Term Rental Allowed
Utilities Available Electricity Connected,Septic Available,Water Connected
Roof Type Metal
Porch Porch,Screened
Building
Foundation Slab
Sewer Septic Tank
Architectural Style Traditional
Construction Status Updated/Remodeled
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 32122-000-000
Security Features Smoke Detector(s)
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan