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$1,278,000

Beds
5
Baths
3.5
sq ft
2,336

609 Lyndell Ln, Panama City Beach, FL 32407

609 Lyndell Ln

Panama City Beach, FL 32407

  • 165 days on market
    • Price drop $10,000↓
Welcome to ''Sandy Palms,'' a dazzling beachside sanctuary that combines luxurious living with impressive income potential. With a solid track record as a short-term rental, generating over $159,000 rental revenue in 2022 and $130,000 in 2023, and promising projections for 2024, this property stands out as a lucrative investment opportunity. Located just a 3-minute walk from the beach, ''Sandy Palms'' offers both accessibility to sandy shores and the privacy of your own tropical retreat.Constructed in 2018, this newer build exudes modern elegance and durability, making it a secure and attractive option for buyers. The home boasts a large private pool (with a gas pool heater) and hot tub, creating an exclusive oasis for relaxation and entertainment. Whether you're looking to cool off in the pool on a hot day or unwind in the hot tub under the stars, ''Sandy Palms'' provides the perfect setting for unforgettable moments.This stunning property isn't just a house; it's a favorite among guests, with many returning for its charm, comfort, and proximity to the beach. The home's spacious design includes multiple bedrooms and bathrooms, accommodating families and groups looking for a premium vacation experience.Investing in ''Sandy Palms'' means securing a piece of paradise that not only serves as a wonderful escape but also as a proven income-producing asset. Its strong rental history is a testament to its appeal and success in the vacation rental market. Don't miss the opportunity to own this exceptional beach home, where luxury meets profitability in the heart of a beach lover's dream location.

Details

Property type

Single Family Residence

Est. home value

$1,218,978

Lot size

4,966 sq ft

Price per sq ft

$548

Year built

2018

Annual property taxes

$8,579

HOA fee

$835

Price History

07/27/2024
CentralPanhandle

CentralPanhandle #756016

Price change
$1,278,000
-0.78%
06/02/2024
CentralPanhandle

CentralPanhandle #756016

Price change
$1,288,000
-0.77%
05/17/2024
CentralPanhandle

CentralPanhandle #756016

Price change
$1,298,000
-0.08%

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

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

$417,325
Asking price
$1,278,000
Closing costs (~8% of asking)
-$102,240
Est. remaining loan balance
-$758,435
Cash to seller
$417,325

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

September 2021

Original loan amount

$813,500

Est. remaining balance

$758,435

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Dustin R Hubbard

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: 10/05/2024 at 1:20 AM

Listing updated: 09/26/2024 at 11:10 PM

Listed by: Caitlyn P Tajon, Counts Real Estate Group Inc Phone #: (850) 249-3615

MLS: CentralPanhandle #756016

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