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Debbie Kirkland

[email protected] +1(850) 212-0440

$ 1,500,000

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2832 Susan AVE Panama City Beach, FL 32408

6 Beds

6 Baths

3,236 SqFt

UPDATED:

10/23/2024 03:59 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,236 sqft

Price per Sqft $463

Subdivision Magnolia Beach 2Nd Add

MLS Listing ID 763503

Style Duplex

Bedrooms 6

Full Baths 6

HOA Y/N No

Year Built 2023

Property Description

30% RETURN ON INVESTMENT!! Projected rental income at $252K yr! Welcome to your dream investment opportunity--a thoughtfully designed 6-bedroom, 4-bathroom fully furnished duplex offering unparalleled versatility. With an interior door connecting both units, you have the option to rent them separately as 3-bed, 2-bath units or combine them into a spacious 6-bed, 4-bath home. This multi-use setup allows for three potential Airbnb listings, in addition to a separate poolside studio featuring a loft king bed, full bathroom, and its own exterior access. Perfectly situated in a serene and private location with no HOA, this property offers the rare blend of luxury, functionality, and income-generating potential.The outdoor amenities are equally impressive. Enjoy the in-ground heated and chilled pool, complete with an outdoor shower and an additional bathroom for exterior guests' convenience. The resort-style backyard includes a refrigerator, sink, fans, dining area, gas firepit seating, beautiful string lights, and lounge chairs around the pool--creating an ideal space for relaxation and entertainment. The property also features a dedicated RV parking pad with electric and water hookups, ample parking for water sports toys, and a low-maintenance design, making it perfect for hosting large groups and multi-family gatherings.Located just 1/2 mile from the water, you'll be minutes away from white sandy beaches, marinas, and popular dining destinations. With PCB's limited inventory of large properties, this rare gem stands out, especially at such an attractive price point.Crafted by an experienced local builder and AirBnB Superhost, this property ensures no guest comfort is overlooked. The duplex features high-end, modern construction with XL trim, beautifully decorated, Probolt hurricane protection, and foam insulation for durability. Additional insulation within firewall interior walls provides excellent sound deflection, while impact windows, high ceilings, and oversized closets accommodate large groups and their luggage. The kitchens are equipped with high-end appliances and spacious center islands, perfect for entertaining.Practical details include separate electric meters for each side of the duplex, city sewer, shared water meter, irrigation, and an in-place termite bond. The property is located in Flood Zone X, meaning no flood insurance is required. Exciting new developments are coming to Panama City Beach! With popular venues like Top Golf, Tootsie's Orchid Lounge, and Dolly Parton's Pirates of the Caribbean attraction on the horizon, it's clear that big industries are investing heavily in this area. This influx of high-profile entertainment options signals significant growth and development for Panama City Beach, showing confidence in its future as a thriving hub for tourism and local business. These attractions not only promise to draw more visitors but also reflect the growing appeal and economic potential of the area. The investments being made highlight that Panama City Beach is on the rise as a major entertainment destination.Don't miss this opportunity to own a luxury retreat in one of the most desirable areas, complete with every amenity your guests could dream of!All information deemed reliable, please verify if important.

Location

State FL

County Bay

Community Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Interior Features Kitchen Island, Pantry, Recessed Lighting, Smart Thermostat, Instant Hot Water

Heating Electric

Cooling Central Air, Ceiling Fan(s), Electric

Furnishings Furnished

Fireplace No

Appliance Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, PlumbedForIce Maker, Refrigerator, Tankless Water Heater, Washer

Exterior

Exterior Feature Built-in Barbecue, Deck, Sprinkler/Irrigation, Outdoor Kitchen, Outdoor Shower

Garage Additional Parking, Gravel, Oversized, RV Access/Parking

Fence Fenced

Pool Gunite, Electric Heat, In Ground, Other

Community Features Short Term Rental Allowed

Utilities Available Electricity Connected

Waterfront No

Roof Type Composition,Shingle

Porch Covered, Deck, Open, Patio

Parking Type Additional Parking, Gravel, Oversized, RV Access/Parking

Building

Lot Description Cul-De-Sac

Dwelling Type Duplex

Foundation Slab

Architectural Style Duplex

Additional Building Cabana, Guest House, Other, Tennis Court(s), Pool House

Schools

Elementary Schools Patronis

Middle Schools Surfside

High Schools Arnold

Others

Tax ID 31359-010-000

Security Features Closed Circuit Camera(s),Firewall(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Beach House Sales and Development

Debbie Kirkland

Broker | License ID: BK3052075

+1(850) 212-0440

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Tallahassee, FL

Debbie Kirkland

Debbie Kirkland

2832 Susan AVE Panama City Beach, FL 32408

Key Details

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Exterior

Building

Schools

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2832 Susan AVE