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$1,650,000

Beds
7
Baths
6.0
sq ft
5,544

234 Woodlawn Dr, Panama City Beach, FL 32407

234 Woodlawn Dr

Panama City Beach, FL 32407

  • 108 days on market
    • Price drop $100,000↓
Waterfront Mansion Approved for Short-Term Rentals - No HOA!Discover this truly one-of-a-kind waterfront mansion in Panama City Beach, Florida. Nestled on a .49-acre lot at the mouth of a deep water canal, this stunning estate offers unparalleled bay views, making it a boater's paradise. With private access to the water, the property boasts its own boat ramp and a dock with four slips--two large slips suitable for 35'+ boats (one equipped with a boat lift) and two smaller slips. Enjoy 80 feet of deep water bayou frontage for your boats and water toys.The property spans approximately 9,210 square feet under the roof with 5,125 square feet of heated and cooled space. It features 7 bedrooms and 6 full bathrooms, built with cinder-block, poured concrete, and steel I-beams for exceptional durability. Recent updates include a new roof installed in 2020/23 and a new AC in 2017, along with updated electrical and plumbing systems. The estate also offers a 20'x20' detached two-car garage, ample parking with a circular driveway, and a 25'x45' concrete patio attached to the dock.Inside, you'll find two large kitchens perfect for entertaining, five fully renovated bathrooms, a custom floating staircase, and open-concept living spaces. The flexible living options include an upstairs area that can serve as a separate 2-bedroom apartment or a mother-in-law suite. The home also boasts an indoor 45,000-gallon saltwater pool, making it perfect for short-term rentals or large families.Ideal for short-term rentals or large families, this property offers endless possibilities. Owner financing is available, with the seller willing to consider terms as long as he holds the primary mortgage. Terms are slightly flexible. May consider an equity swap for a smaller home in Panama City Beach.Rental projections are available--see the attached photos for more information.Don't miss out on this extraordinary opportunity to own a waterfront mansion with no HOA! Reach out today to learn more and schedule your viewing.Seller/Owner is a licensed Florida Realtor.

Details

Property type

Single Family Residence

Est. home value

$1,781,554

Lot size

0.48 acres

Price per sq ft

$298

Year built

1956

HOA

No

Price History

08/01/2024
CentralPanhandle

CentralPanhandle #758128

Listed
$1,650,000
07/25/2024
CentralPanhandle

CentralPanhandle #758128

Pending
$1,650,000
07/13/2024
CentralPanhandle

CentralPanhandle #758128

Price change
$1,650,000
-5.71%

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Number of units in community: 

1

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

Innovations Fcu

Loan start date

February 2022

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

2.37%

Loan type

Credit Line (Revolving), 20 year

Seller

Joseph Truppo

Lender

Jack O Stewart

Loan start date

May 2020

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

3.33%

Loan type

Balloon, 1 year

Seller

Joseph Truppo

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: 09/22/2024 at 3:30 AM

Listing updated: 08/22/2024 at 3:39 PM

Listed by: The Emerald Coastal Team, Counts Real Estate Group Inc Phone #: (850) 249-3615

MLS: CentralPanhandle #758128

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