117 Rose LN Active Save Request In-Person Tour Request Virtual Tour
Panama City Beach,FL 32413
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,344 sqft
Price per Sqft $550
Subdivision Laguna Beach Estates 1St Add
MLS Listing ID 766542
Style Coastal
Bedrooms 6
Full Baths 4
Half Baths 1
Year Built 1950
Annual Tax Amount $9,571
Tax Year 2023
Lot Size 9,147 Sqft
Property Description
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 $106k 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). Brand new oversized washer/dryer (June 2024) & Installed 6th bedroom (August 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.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Heating Central,Fireplace(s)
Cooling Central Air,Ceiling Fan(s)
Exterior
Exterior Feature Fire Pit,Outdoor Shower,Patio
Parking Features Driveway,Oversized
Fence Fenced,Privacy
Pool Electric Heat,In Ground,Salt Water
Community Features Short Term Rental Allowed
Utilities Available Cable Connected,Phone Connected,Septic Available,Trash Collection
Roof Type Composition,Shingle
Building
Foundation Slab
Sewer Septic Tank
Schools
Elementary Schools West Bay
Middle Schools Surfside
High Schools Arnold
Others
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Special Listing Condition Listed As-Is