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$700,000

Beds
3
Baths
1.0
sq ft
1,040

316 El Reposo Pl, Panama City Beach, FL 32413

316 El Reposo Pl

Panama City Beach, FL 32413

  • 54 days on market
Situated on an oversized 0.22-acre lot in the coveted west end of Laguna Beach, 316 El Reposo Place offers an exceptional opportunity for investors, developers, or beachside dreamers to own a rare property just steps from the pristine sands of the Emerald Coast. This charming 2-bedroom, 1-bathroom bungalow sits on a parcel three times the size of a standard lot, providing ample space to build two additional homes on-site or create a multi-unit rental venture, making it a standout opportunity in this high-demand market. The home itself welcomes you with a cozy screened-in porch, leading to well-maintained interiors featuring sleek vinyl flooring, a spacious master bedroom, and an open-concept kitchen and dining area. Practical touches such as an enclosed outdoor shower and a large backyard workshop set on a durable concrete slab add functionality and charm. For buyers with an expanded vision, this property is available alongside the adjacent lot at 311 Coronado Place, creating a combined footprint with the potential for up to four buildable lots if the existing structures are removed and the properties are subdivided. Located near iconic local spots like Thomas Donut & Snack Shop and Carousel Supermarket, 316 El Reposo Place is perfectly positioned to enjoy the relaxed yet vibrant atmosphere of Laguna Beach. Whether you envision developing an expansive residential project, creating a vacation rental paradise, or enjoying the cozy charm of this existing bungalow, this property offers a rare combination of location, potential, and versatility. Don't miss this chance to capitalize on one of Panama City Beach's most sought-after opportunities--schedule your private showing today and start planning your dream development or investment.

Details

Property type

Single Family Residence

Est. home value

$809,582

Lot size

9,583 sq ft

Price per sq ft

$674

Year built

1961

Annual property taxes

$738

HOA

No

Price History

10/28/2024
CentralPanhandle

CentralPanhandle #764400

Listed
$700,000

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

Genworth Financial Home Equity Access

Loan start date

February 2011

Original loan amount

$199,500

Est. remaining balance

Not provided

Interest rate

4.83%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 76 year

Seller

Henry Roberts and Armenta E Roberts

Lender

Amsouth Bank

Loan start date

October 2003

Original loan amount

$100,000

Est. remaining balance

$0

Interest rate

5.46%

Loan type

Not Provided, 15 year

Seller

Henry T Roberts and Armenta E Roberts

Lender

Amsouth Bank

Loan start date

October 2001

Original loan amount

$60,000

Est. remaining balance

$0

Interest rate

6.47%

Loan type

Not Provided, 15 year

Seller

Henry Roberts and Armenta E Roberts

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: 12/22/2024 at 8:45 PM

Listing updated: 12/06/2024 at 8:49 PM

Listed by: Josh T Gettings, LPT Realty LLC Phone #: (877) 366-2213

MLS: CentralPanhandle #764400

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