5903 Gulf DR, Panama City Beach, FL 32408
5903 Gulf DR, Panama City Beach, FL 32408
5903 Gulf DR, Panama City Beach, FL 32408
5903 Gulf DR, Panama City Beach, FL 32408
5903 Gulf DR, Panama City Beach, FL 32408
5903 Gulf DR, Panama City Beach, FL 32408
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$1,400,000

$1,599,900

12.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

3 Beds

2 Baths

1,296 SqFt


SOLD DATE : 11/10/2021

Key Details

Sold Price $1,400,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,296 sqft

Price per Sqft $1,080

Subdivision Gulf Lagoon Beach

MLS Listing ID 715953

Sold Date 11/10/21

Style Coastal

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1982

Annual Tax Amount $5,325

Tax Year 2020

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type Single Family Residence

Property 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 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.

Location

State FL

County Bay

Community Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Cooling Central Air, Ceiling Fan(s), Wall Unit(s)

Flooring Luxury Vinyl Plank

Fireplace No

Appliance Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Ice Maker

Laundry Washer Hookup, Dryer Hookup

Exterior

Community Features Short Term Rental Allowed

Utilities Available Cable Connected, High Speed Internet Available, Water Connected

Waterfront Description Shoreline - Sand

View Y/N Yes

Water Access Desc Shoreline - Sand

View Gulf

Porch Balcony, Covered, Porch

Private Pool No

Building

Lot Description Paved

Architectural Style Coastal

Additional Building Other, See Remarks

Schools

Elementary Schools Patronis

Middle Schools Surfside

High Schools Arnold

Others

Restrictions Short Term Rentals Allowed

Tax ID 30571-010-000

Security Features Smoke Detector(s)

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Listed by Coldwell Banker Realty
Bought with EXP Realty LLC

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