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$1,290,000

Beds
6
Baths
4.5
sq ft
2,344

117 Rose Ln, Panama City Beach, FL 32413

117 Rose Ln

Panama City Beach, FL 32413

  • <1 day on market
Grab a (Large) Piece of Olde Florida Charm While You Can! Nautical Rose offers a rare opportunity to own a beachside property with significant rental income potential. After the completion of a brand new massive heated saltwater pool in March 2024, the home generated $124k in net rent for 2024. With $94k already on the books for 2025, the home is on track to hit $175k+ in 2025. The current owner is successfully self-managing the property and is willing to continue managing for a smooth transition, including offering all previous guest and prospect lists.Located just half a block from Laguna Beach, one of the most private public beaches in the U.S., the property is also 8 minutes to Pier Park and Rosemary Beach. This large 0.21-acre lot is the biggest available this close to the beach.The home is nearly all concrete block, featuring 6 bedrooms (3 kings, 2 queens, 1 bunk), 4.5 baths, and ample space for 16 guests. Recent upgrades include a 35-foot heated saltwater pool (March 2024), a 7-person Monterey Premier hot tub (February 2023), and two renovated outdoor heated showers (March 2024). A new 5-ton Bosch heat pump (September 2024) and electrical upgrades throughout (August 2024) ensure the home is in top condition. Additional improvements include new septic pipes and septic Clean Out (December 2024). Home also has a whole home surge protector (2024). The sale includes everything on-site, from appliances and furniture to linens, pool table, and outdoor amenities making this a true turnkey investment.With a prime location, strong rental history, and all the upgrades in place, Nautical Rose is a perfect opportunity for investors looking to capitalize on the beach rental market.

Details

Property type

Single Family Residence

Est. home value

$1,027,474

Lot size

9,148 sq ft

Price per sq ft

$551

Year built

1950

Annual property taxes

$9,571

HOA

No

Price History

12/20/2024
CentralPanhandle

CentralPanhandle #766542

Listed
$1,290,000
+43.33%
08/19/2022
CentralPanhandle

CentralPanhandle #727792

Sold
$900,000
+44%
03/26/2021
CentralPanhandle

CentralPanhandle #706395

Sold
$625,000

Schools & Community

Elementary school: 

West Bay

Middle school: 

Surfside

High school: 

Arnold

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$407,969
Asking price
$1,290,000
Closing costs (~8% of asking)
-$103,200
Est. remaining loan balance
-$778,831
Cash to seller
$407,969

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

August 2022

Original loan amount

$804,150

Est. remaining balance

$778,831

Interest rate

5.7%

Loan type

New Conventional, 30 year

Seller

Angela Miles and Christopher Miles

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/27/2024 at 6:40 AM

Listing updated: 12/26/2024 at 4:49 PM

Listed by: Kelly Flanagan, Keller Williams Success Realty Phone #: (850) 249-0313

MLS: CentralPanhandle #766542

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