Panama City Beach, FL 32408,2823 Susan AVE
Panama City Beach, FL 32408,2823 Susan AVE
Panama City Beach, FL 32408,2823 Susan AVE
Panama City Beach, FL 32408,2823 Susan AVE
Panama City Beach, FL 32408,2823 Susan AVE
Panama City Beach, FL 32408,2823 Susan AVE
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$672,000

$645,000

4.2%
Est.Price: ?

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Est. payment /mo

6 Beds

4 Baths

3,236 SqFt


SOLD DATE : 04/08/2024

Key Details

Sold Price $672,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,236 sqft

Price per Sqft $207

Subdivision Magnolia Beach 2Nd Add

MLS Listing ID 752812

Sold Date 04/08/24

Style Duplex

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 2023

Annual Tax Amount $953

Tax Year 2023

Lot Size 0.300 Acres

Acres 0.3

Property Description

Score instant equity in this new construction deal $70k under appraisal that makes for a perfect house hack, STR or LTR with numbers that pencil for multiple exit strategies! Buy one or both duplexes side by side on this newly developed dead end street. Thoughtful multi use ability with an interior door allowing access to both units to be rented separately as 3/2 or combined as 6/4 for THREE listings on AirBnb in each duplex, you can sleep up to TWENTY in each of these gorgeous homes! The LOCATION is street legal golf cart distance to the beach! NO HOA!! These properties feature peak-a-boo water views of the bay across the street in an up and coming neighborhood with new development all around. They border the high end residential community of The Preserve just past Bay Point Golf Course, and only minutes to white sandy beaches, marinas and popular restaurants like Captain Anderson's. A short drive to the new ball field and skate park, this location will be perfect for hosting large ball teams and multi-family functions. PCB has VERY limited inventory on properties this size and at this entry price you'll beat out all the competition with very low maintenance cost for years to come!An AirBnb superhost herself & experienced local builder, no guest comfort was overlooked in this thoughtful design with features like:Ample parking and turn ratios for RV's and all the water sports toysHigh end, modern construction with XL trim, black fixtures, and popular color schemesProbolt hurricane protection & foam insulation on roof deckExtra insulation within firewall interior walls for added sound deflectionImpact windows, high ceilings, & XL closets for luggageHigh end kitchen appliances, center island and open concept floor plan perfect for entertaining large groupsBuilder will work with savvy investor to completion for highest and best use in JV partnership if only purchasing one property OR to complete as requested for new buyer by adding:Florida Outdoor Lifestyle area with 12x24 ft. pool, hardscaping, pickleball / tennis court, 1 BR/ 1 BA game room & outdoor kitchen in a pole barn structure for 4 more occupants, & RV pad. If you purchase both side-by-side properties you can comfortably host FORTY-EIGHT people + two RV's with over $280k projected gross annually for two side-by-side properties!Additional details:Current Insurance cost - $3k / annuallyEstimated Taxes - $4500 / annuallyFlood Zone X (no flood insurance required)City SewerHuge Lots over 1/4 acreWater is metered together for both sides of the duplexElectric is metered separately for each side of the duplexesTermite Bond Estimates for highest & best use upgrades as STR available upon request.Irrigation and sprinkler system is in place - only a well needs to be added @ $3675 w/ electric

Location

State FL

County Bay

Community Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Interior Features Storage

Furnishings Unfurnished

Fireplace No

Appliance Dishwasher, Electric Cooktop, Electric Oven, Disposal, Ice Maker, Microwave, Refrigerator

Exterior

Community Features Short Term Rental Allowed

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Waterfront No

Building

Foundation Slab

Architectural Style Duplex

Schools

Elementary Schools Patronis

Middle Schools Surfside

High Schools Arnold

Others

Tax ID 31363-005-000

Financing Conventional

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Listed by EXP Realty LLC
Bought with NON-MEMBER OFFICE
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