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Home For Sale
5928 Beach Drive
Panama City, Florida 32408
Bay CountyCommunity: Biltmore Beach 1st Add
$685,000
5 br, 3.0 bath
1963 sq. ft.
0.140 acres
Investor's Dream in Panama City Beach! High-Earning Vacation Rental with Strong History and Exceptional Features!This property is a proven income generator, with rental data showing consistently impressive returns--outperforming projections year after year! With a 2023 gross rental income of $93,000, and 2024 looking to finish just as strong, this 5-bedroom, 3-bathroom, single-story home is set up for maximum occupancy and comfort, accommodating up to 12 guests. It's fully turnkey, conveying all furniture and decor (updated in 2023) along with smart technology like digital thermostats and exterior floodlight cameras. Perfectly poised for the vacation rental market, the property offers coastal furnishings, spacious layouts, and valuable features that will continue to attract and retain renters. This property has been designed with durability and style in mind!Prime Features for High Occupancy Rates:Zero stairs making easy access for guests of all ages, tile flooring throughout, stainless steel appliances, and vaulted ceilings. Multiple Gathering Areas: Two enclosed porches, multiple dining spaces, and a private backyard with ample room for entertainingGuest-Focused Amenities: Laundry/utility room with an additional refrigerator, outdoor shower, pet-friendly backyard with grassy space, and a paver patio complete with a fire-pit and BBQ grillPrivacy for Groups: Spacious primary King ensuite with back patio access, secondary King ensuite, two Queen bedrooms, and a double bunk bedroom--ideal for large families or group bookings.Prime Location & Strong Reviews! This rental, known as ''Pelican Paradise,'' boasts 62 reviews with a 4.63 average rating. Just blocks from a public boat ramp, renters can bring their boat or jet ski, adding appeal for guests seeking water-based adventures. Public beach access is nearby, with Rick Seltzer Beach Park and St Andrews State Park each only a mile away. Local dining, entertainment, and golf are within a two-mile radius, making this a highly desirable rental location in Panama City Beach.Additional Incentives: The motivated seller is offering $800 toward a home warranty at closing. Don't miss the chance to acquire this high-earning, low-maintenance investment property. Contact your real estate agent today to learn more or schedule a showing.Note: Buyer to verify all measurements and any information deemed important.
Interior:
- Bedrooms: 5
- Baths: 3.0
- Sq Ft: 1963
- Year Built: 1997
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC: Central Furnace
- Garage: Driveway, Open, Paved or Surfaced
Exterior:
- Lot Size: 0.140 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding: Frame, Vinyl Siding
- Roof: Metal
- Property Taxes: $4,826
- MLS #: 756259
Contact Information:
Call now 1-855-943-4259 |
Listing Agent: Amy L Killian, Beachy Beach Real Estate, 850-527-5651, 850-527-5651
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: 4880941
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Updated: Nov 03, 2024