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$1,650,000

Beds
5
Baths
4.0
sq ft
2,695

17820 Front Beach Rd Unit B, Panama City Beach, FL 32413

17820 Front Beach Rd Unit B

Panama City Beach, FL 32413

  • 106 days on market
INCOME PRODUCING! NEWLY RENOVATED with amazing water views! Beach house property is a prime location just a mere 100 yards from the pristine shorelines of Laguna Beach and boasts $140,000 in rental income for 2023. This fully furnished, luxurious three-story home is in excellent condition and provides an attractive opportunity for investors seeking a turnkey rental property as well as buyers seeking a primary residence or a luxurious vacation home. The home is spacious enough to serve as a main residence or vacation home for up to 14 guests. It was completely remodeled in 2022, with additional kitchen and bathroom renovations completed in 2024, and features stunning Gulf views (especially from the third-floor living space), a lock-out suite on the ground floor, ample covered parking, high-impact windows, fresh paint, upgraded finishes throughout, and a hydraulic elevator ensuring easy access to each floor.The paved back patio is perfect for entertaining and relaxing alike with a fully heated pool and hot tub, an outdoor kitchen and grill, and a surrounding lounge patio area. The first-floor lock-out suite is self-contained with its own kitchen, king-size bedroom, spa bathroom, and living room with a sleeper sofa. The second floor has two luxurious king suites with private balconies and a bunk hall. The third floor features open living/dining space with expansive Gulf views, and hardwood floors with a cathedral ceiling. A fully equipped kitchen with granite countertops and stainless appliances, and dining area with a breakfast bar provide convenience and a gathering place for all. The third-floor balcony also offers stunning Gulf views. The property also includes overflow garage storage for beach toys, bicycles, etc. Schedule your showing today, this one won't last!

Details

Property type

Est. home value

$1,418,103

Property condition

Updated/Remodeled

Lot size

3,120 sq ft

Price per sq ft

$613

Year built

2007

Annual property taxes

$9,035

Price History

04/12/2024
CentralPanhandle

CentralPanhandle #755642

Listed
$1,650,000
+24.53%
08/02/2023
CentralPanhandle

CentralPanhandle #740874

Sold
$1,325,000
+69.87%
09/17/2020
CentralPanhandle

CentralPanhandle #694596

Sold
$780,000

Schools & Community

Elementary school: 

West Bay

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Sidewalks

Seller’s Loan History

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

Lender

Cadence Bank Na

Loan start date

August 2023

Original loan amount

$1,060,000

Est. remaining balance

Not provided

Interest rate

6.69%

Loan type

Commercial

Seller

R Owens Properties Llc and Owens Investments Llc

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?

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Status: Active

Tomo last checked: 07/28/2024 at 2:20 AM

Listing updated: 04/12/2024 at 10:56 PM

Listed by: Jeffery G Ramsey, Ramsey Realty Group, LLC Phone #: (903) 452-8892

MLS: CentralPanhandle #755642

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