Tap to see more photos
Home For Sale
117 Rose Lane
Panama City Beach, Florida 32413
Bay CountyCommunity: Lagu Beach Estates 1st Add
$1,290,000
6 br, 5.0 bath
2344 sq. ft.
0.210 acres
Grab a (Large) Piece of Olde Florida Charm While You Can! Nautical Rose offers a rare opportunity to own a beachside property with significant rental income potential. After the completion of a brand new massive heated saltwater pool in March 2024, the home generated $128k in net rent for 2024. With $94k already on the books for 2025, the home is on track to hit $175k+ in 2025. The current owner is successfully self-managing the property and is willing to continue managing for a smooth transition, including offering all previous guest and prospect lists.Located just half a block from Laguna Beach, one of the most private public beaches in the U.S., the property is also 8 minutes to Pier Park and Rosemary Beach. This large 0.21-acre lot is the biggest available this close to the beach.The home is nearly all concrete block, featuring 6 bedrooms (3 kings, 2 queens, 1 bunk), 4.5 baths, and ample space for 16 guests. Recent upgrades include a 35-foot heated saltwater pool (March 2024), a 7-person Monterey Premier hot tub (February 2023), and two renovated outdoor heated showers (March 2024). A new 5-ton Bosch heat pump (September 2024) and electrical upgrades throughout (August 2024) ensure the home is in top condition. Additional improvements include new septic pipes and septic Clean Out (December 2024). Home also has a whole home surge protector (2024). The sale includes everything on-site, from appliances and furniture to linens, pool table, and outdoor amenities making this a true turnkey investment.With a prime location, strong rental history, and all the upgrades in place, Nautical Rose is a perfect opportunity for investors looking to capitalize on the beach rental market.
Interior:
- Bedrooms: 6
- Baths: 5.0
- Sq Ft: 2344
- Year Built: 1950
- Utilities:
- Fireplaces: Has Fireplace
- Stories:
- Heat/AC: Central Furnace, Fireplace
- Garage: Driveway, Oversized
Exterior:
- Lot Size: 0.210 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding: Block
- Roof: Composition, Shingle
- Property Taxes: $9,571
- MLS #: 766542
Contact Information:
Call now 1-855-943-4259 |
Listing Agent: Kelly Flanagan, Keller Williams Success Realty, 678-898-1665, 850-249-0313
Listing Site, Listing Status: Active
Copyright © 2024 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 5655285
Viewed 1 times.
Updated: Dec 26, 2024