For Sale
$1,795,000

13639 Banana Wind WayPanama City Beach, FL 32413

Panama City Beach vacation rental, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional two-story mixed-use property in Panama City Beach, Florida, presents a lucrative investment opportunity. Located at 13639 Banana Wind Way, 32413, this newly constructed, 2,130 square foot vacation rental boasts a remarkable 9.75% cap rate and a strong net operating income (NOI) of $175,000. The property sits on a 0.06-acre lot and features a fully furnished interior, including a well-equipped kitchen complete with a Margaritaville machine. Sleeping arrangements comfortably accommodate up to twelve guests, with ensuite bedrooms offering two king and three queen beds, plus a living room sleeper sofa. The home is conveniently equipped with an EV charger. This rare poolside unit provides immediate access to a 2.5-acre heated resort pool with water slides and a lazy river. Additional amenities include proximity to an arcade, a full-service restaurant (currently under construction), a poolside bar, and 580 feet of private beachfront access with available beach chairs and paddleboards. Future amenities are also under development. The property's inclusion in the Margaritaville vacation rental program has already secured six weeks of summer bookings. This represents a unique chance to acquire a high-performing asset in a thriving tourist destination. The asking price is $1,795,000, translating to $842.72 per square foot.

Highlights

  • Strong rental history: Six weeks already booked for summer, since recent vacation rental program addition.
  • Last remaining poolside home available.
  • First summer of operation for the completed Margaritaville water park/pool area.
  • Community center currently under construction.

Property Details for 13639 Banana Wind Way

Property type
Mixed-use properties
Square Feet
2,130 SF
Stories
2
Lot Size (sq. ft)
2,614 SF

Location Insight

City
Panama City Beach
County
Bay
State
Florida
Latitude
30.200538
Longitude
-85.8458069
13639 Banana Wind Way, Panama City Beach, Florida

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13639 Banana Wind Way
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