6505 Thomas 505 DR #505A Active Save Request In-Person Tour Request Virtual Tour
Panama City Beach,FL 32408
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,074 sqft
Price per Sqft $459
Subdivision The Summerhouse Of P.C. I
MLS Listing ID 770166
Bedrooms 2
Full Baths 2
HOA Fees $1,404/mo
Year Built 1984
Annual Tax Amount $4,897
Tax Year 2024
Property Sub-Type Condominium
Property Description
TRUE TURNKEY short-term rental condo, beachfront, fully renovated and ready for an investor to take over. RENTAL MACHINE with NET rentals of $73K in 2024 and pacing above that for 2025. We post NET rentals, vs. industry standards to post gross, which include fees and taxes. When including those, gross rentals for this unit were +90K in 2024. Can provide receipts. The unit is almost fully booked through June and bookings could pass along to the buyer. Owner self-manages this unit plus 6 other properties in the area with excellent results all around. Owner can offer property management for the buyer if interested. Selling due to a personal situation that requires cash ASAP. Buyer to verify measurements as needed.
Location
State FL
County Bay
Community Short Term Rental Allowed,Pool
Area 03 - Bay County - Beach
Interior
Heating Central,Electric
Cooling Central Air
Laundry Stacked
Exterior
Exterior Feature Balcony
Parking Features Parking Lot
Pool Community,In Ground,Pool
Community Features Short Term Rental Allowed,Pool
Amenities Available Game Room
Waterfront Description See Remarks
View Y/N Yes
View Gulf
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Acceptable Financing Other
Listing Terms Other
Special Listing Condition Listed As-Is