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$4,999,000

Beds
9
Baths
9.5
sq ft
5,215

20405 Front Beach Rd, Panama City Beach, FL 32413

20405 Front Beach Rd

Panama City Beach, FL 32413

  • 60 days on market
20405 Front Beach Road is an exquisite gulf front home nestled perfectly in the Laguna Beach section of Panama City Beach. Boasting an ideal location for both vacation rental and personal enjoyment, it sits just five miles east of the luxurious Rosemary Beach and five miles west of Pier Park--the largest commercial and entertainment center in Northwest Florida.This residence presents an exceptional vacation rental opportunity with a projected gross annual rental income of $392,000. The same rental manager, who oversees the neighboring property, successfully secured $320,000 in bookings for 2024 after just 40 days on their program.

Details

Property type

Single Family Residence

Est. home value

$5,186,541

Lot size

3,920 sq ft

Price per sq ft

$959

Year built

2019

HOA

No

Price History

09/18/2024
CentralPanhandle

CentralPanhandle #762882

Listed
$4,999,000
-3.85%
09/12/2024
CentralPanhandle

CentralPanhandle #754889

Removed
$5,199,000
03/27/2024
CentralPanhandle

CentralPanhandle #754889

Listed
$5,199,000
-5.47%

Schools & Community

Elementary school: 

West Bay

Middle school: 

Surfside

High school: 

Arnold

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

Erie Fcu

Loan start date

September 2022

Original loan amount

$266,668

Est. remaining balance

Not provided

Interest rate

4.99%

Loan type

Commercial

Seller

Timothy A Kolakowski and Jill D Kolakowski

Lender

Erie Fcu

Loan start date

December 2021

Original loan amount

$3,040,000

Est. remaining balance

Not provided

Interest rate

3.14%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Timothy A Kolakowski and Jill D Kolakowski

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: 11/19/2024 at 9:25 AM

Listing updated: 09/19/2024 at 8:20 PM

Listed by: Jonathan M Spears, Compass Florida, LLC Phone #: (305) 851-2820

MLS: CentralPanhandle #762882

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