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$1,785,000

Beds
5
Baths
5.0
sq ft
3,245

214 Toledo Pl, Panama City Beach, FL 32413

214 Toledo Pl

Panama City Beach, FL 32413

  • 223 days on market
    • Price drop $39,000↓
Unlock the potential of coastal real estate with 214 Toledo Place in Panama City Beach, FL, Laguna Beach. This property presents a lucrative investment opportunity, offering a blend of luxury amenities, prime location, and energy efficiency.With 3245 sq ft of heated/cooled space, this 3-story home features 5 bedrooms and 5 full bathrooms. Its close proximity to public beach access ensures high demand for short-term rentals, making it an attractive prospect for investors.Each aspect of this property has been carefully designed to maximize returns. From the balconies with water views to the oversized covered outdoor kitchen/entertaining space, every detail caters to the desires of vacationers seeking the ultimate coastal getaway.The outdoor kitchen is equipped with a 38'' built-in grill, outdoor ducted hood, ice-maker, mini-fridge, and sink, providing the perfect setting for al fresco dining and entertaining.Inside, premium features such as 10' ceilings, PGT Impact windows/doors, Carrera Marble tile, and Quartz countertops elevate the property's appeal, commanding premium rental rates. Energy efficiency is integrated into the construction with 2x6 framing, R-19 insulation, and a spray foamed roof deck, ensuring lower utility costs and a smaller environmental footprint.Custom touches, including 8' solid wood interior doors, wooden closet shelving, and low-profile mud-in HVAC grills, add a touch of luxury, while safety and convenience are ensured with a sprinkler/fire alarm system (short-term rental requirements) and a 2-car garage.For added convenience, the property boasts laundry rooms on both the 1st and 3rd floors, making it exceptionally practical for guests and maximizing rental appeal.For savvy investors, the inclusion of natural gas appliances (natural gas on-demand tankless water heater, natural gas 36'' kitchen range,natural gas 38'' built-in outdoor grill, natural gas pool heater), including a heated saltwater pool and outdoor shower, not only enhances the property's attractiveness but also reduces long-term operational costs.Fully furnished and move-in ready, this property offers immediate income potential. Don't miss out on this prime investment opportunity - schedule a showing today and capitalize on the thriving Panama City Beach rental market!

Details

Property type

Single Family Residence

Lot size

3,485 sq ft

Price per sq ft

$551

Year built

2024

Annual property taxes

$896.09

HOA

No

Price History

11/10/2024
CentralPanhandle

CentralPanhandle #755519

Price change
$1,785,000
-2.14%
10/25/2024
CentralPanhandle

CentralPanhandle #755519

Price change
$1,824,000
-0.05%
10/12/2024
CentralPanhandle

CentralPanhandle #755519

Price change
$1,825,000
-1.99%

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

Peoplessouth Bank

Loan start date

April 2023

Original loan amount

$369,200

Est. remaining balance

Not provided

Interest rate

6.5%

Loan type

Future Advance Clause / Open End Mortgage, 1 year

Seller

Salt Luxury Builds 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: 11/19/2024 at 3:35 PM

Listing updated: 11/10/2024 at 9:40 AM

Listed by: Marina Grigoryan, Coldwell Banker Realty Phone #: (850) 234-6696

MLS: CentralPanhandle #755519

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