tomo logo

$1,499,000

Beds
4
Baths
3.5
sq ft
2,594

3910 Wasp St, Panama City, FL 32408

3910 Wasp St

Panama City Beach, FL 32408

  • 170 days on market
    • Price drop $91,000↓
Welcome to your Dream Oasis in South Lagoon! A SHORT-TERM-RENTAL-MONEY-MAKING-MACHINE, with NO HOA or Deed Restrictions; Completely Furnished and Turn-key ready! This rare gem boasts not just ONE, but TWO expansive LOTS, offering unparalleled luxury and versatility. At the heart of this paradise is a custom-designed Island style pool, shaped like a massive fish featuring a Jacuzzi, lazy river, swim-up bar, and a water slide, with an outside Tiki Bar and Grill, to enjoy at your leisure. At night, this custom Pool offers LED Pool light variations to choose from, including a water-like, fountain show display feature - a true masterpiece for relaxation and entertainment.Nestled on one of the lots is a magnificent 3-story home, fully furnished and turnkey ready for your enjoyment or rental investment. With 4 bedrooms and 3.5 bathrooms, this home offers spacious living areas and modern amenities to ensure comfort and convenience. But the excitement doesn't stop there! With a direct pathway between the home and fabulous pool, the bottom, first floor hosts a heated/cooled Game Room, complete with a Pool Table, TV, variety of Games and more, providing endless entertainment options for guests, lending another favorite feature that keeps repeat rental guests coming back, year after year, ensuring a steady stream of income for years to come.With no HOA restrictions, the possibilities are endless. Whether you're seeking a lucrative Investment opportunity or a personal retreat, this property delivers! Its prime location and luxurious amenities make it a magnet for short-term rentals that has been generating WELL OVER $100,000 up to $200,000 in past and current annual rental income, with even more potential, by adding your own personal favorite touches and depending on how often you choose its rental availability dates throughout the year. In addition: Behind the Pool, features a back gated LOT area with separate gated road access to store a small RV, Boat or Jet Skies that's very close to local Boat ramps, whether you or your guests want to enjoy a day out at Shell Island; exploring all of the local favorite Islands; coasting the Beach, including the famous ''Jetties'' at St. Andrews State Park; or a day out Fishing in the Gulf of Mexico for the perfect catch!There is no other that exists, nor compares to this exceptionally rare opportunity to own what is truly a ONE-OF-A-KIND GEM, located in a highly desired Investor area, known as South Lagoon. Closest in proximity to the world's most beautiful Beaches, local favorite Restaurants and Attractions, Spas, Shopping Outlets, legendary Pier Park, 30a and our international airport (ECP), just to name a few and so much more! This incredible Investment is waiting for you to acquire and enjoy, while MAKING a SUBSTANTIAL AMOUNT of Short-Term Rental CASH FLOW!Don't miss your chance to own this exclusive piece of paradise. Schedule your private tour today and experience luxury living at its finest!

Details

Property type

Single Family Residence

Est. home value

$1,012,758

Lot size

0.28 acres

Price per sq ft

$578

Year built

2007

Annual property taxes

$7,887

HOA

No

Price History

07/30/2024
CentralPanhandle

CentralPanhandle #755121

Price change
$1,499,000
-5.72%
06/25/2024
CentralPanhandle

CentralPanhandle #755121

Price change
$1,590,000
-0.31%
06/11/2024
CentralPanhandle

CentralPanhandle #755121

Price change
$1,595,000
-3.04%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$870,374
Asking price
$1,499,000
Closing costs (~8% of asking)
-$119,920
Est. remaining loan balance
-$508,706
Cash to seller
$870,374

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bayway Mortgage Group

Loan start date

April 2021

Original loan amount

$548,100

Est. remaining balance

$508,706

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Jason D Tran and Amy Ngo

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: 09/19/2024 at 6:10 PM

Listing updated: 07/30/2024 at 3:35 PM

Listed by: Shelly M Callaway, CENTURY 21 Ryan Realty Inc Phone #: (850) 233-7926

MLS: CentralPanhandle #755121

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