204 Third Street new Save Request In-Person Tour Request Virtual Tour
Panama City Beach,FL 32413
Key Details
Property Type Single Family Home
Sub Type Beach House
Listing Status Active
Purchase Type For Sale
Square Footage 2,276 sqft
Price per Sqft $329
Subdivision Sunnyside Plat
MLS Listing ID 965177
Bedrooms 5
Full Baths 4
Construction Status Construction Complete
HOA Fees $41/ann
HOA Y/N Yes
Year Built 1997
Property Description
Producing over $91,000 in actual rental income this year, 204 Third Street is a premier investment property located only 8 minutes from Rosemary Beach. This is a rare opportunity to own 3 separate income-producing beach homes on 1 oversized 50x140 lot near the beach. The 3 homes generated over $83,000 in rental income last year and come with low operating expenses positioned in a neighborhood with a voluntary $500 POA fee to maintain the private beach access gate. These homes will be sold fully-furnished and with strong rental bookings in place for 2025. All three homes have been beautifully renovated and come with new metal roofs and new hot water heaters. The value of this oversized lot is tremendous being located on a dead-end street & positioned by a private beach access.
Location
State FL
County Bay
Area 27 - Bay County
Zoning Resid Single Family
Rooms
Guest Accommodations Beach,Short Term Rental - Allowed
Kitchen First
Interior
Interior Features Furnished - All,Renovated
Exterior
Pool None
Community Features Beach,Short Term Rental - Allowed
Utilities Available Electric,Gas - Natural,Public Water,Septic Tank,Sewer Available
Private Pool No
Building
Story 1.0
Structure Type Roof Metal
Construction Status Construction Complete
Schools
Elementary Schools Breakfast Point
Others
HOA Fee Include Ground Keeping
Assessment Amount $500
Energy Description AC - Central Elect,Heat Cntrl Electric,Water Heater - Elect