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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, FL 32413

  • 208 days on market
This 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 in 2023. This FULLY FURNISHED, 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, lock-out suite on the ground floor, ample covered parking, high-impact windows, fresh paint, upgraded finishes, and a hydraulic elevator ensuring easy access to each floor. The first-floor suite is self-contained with its own kitchen bathroom and living room, second floor has 2 luxurious king suites, and the third-floor features open living-dining and a fully equipted kitchen.

Details

Property type

Single Family Residence

Est. home value

$1,418,103

Lot size

3,049.2 sq ft

Price per sq ft

$613

Year built

2007

Price History

05/29/2024
NTREIS

NTREIS #20630010

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: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing, Restaurant, Sidewalks

School district: 

Florida

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?

Status: Active

Tomo last checked: 12/24/2024 at 9:05 AM

Listing updated: 05/29/2024 at 8:14 PM

Listed by: Jeffery Ramsey, Ramsey Realty Group Phone #: (903) 759-3333

MLS: NTREIS #20630010

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