For Sale
$1,195,000

309 Paradiso PlPanama City Beach, FL 32413

Panama City Beach rental portfolio, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a newly constructed, two-story duplex located in the highly desirable West End community of Laguna Beach, Panama City Beach, Florida. Boasting 2,606 square feet on a 3,750 square foot lot, this property features five bedrooms and five bathrooms, each unit equipped with a private salt water pool. Built in 2024, the duplex showcases coastal construction upgrades including 2x6 exterior construction, Hardi siding, metal roofs, and storm-rated windows. Interior finishes are equally impressive, with shiplap, wainscoting, quartz countertops, designer tile, and luxury vinyl plank flooring. High ceilings enhance the spacious feel throughout. The property's proximity to the beach (three blocks away) and a dedicated beach access point adds significant value. A convenient outside shower is perfect for rinsing off after a day at the beach. The property is being sold as a "Land Condo," and a projected gross annual rental income of $140,000-$150,000 is anticipated based on comparable properties. The attached garage provides additional rental potential or storage. This turnkey investment offers a unique opportunity to own a high-demand vacation rental property in a prime location. The property is available for occupancy February 1, 2025. The asking price is $1,195,000.

Highlights

  • $1,195,000 asking price for this multifamily property.
  • New construction, 2024 build, featuring 2 stories and 2,606 square feet.
  • Located in Panama City Beach, FL, 3 blocks from the beach, on a 3,750 sq ft lot.
  • Five bedrooms, five bathrooms, with a private salt water pool.
  • Projected gross annual rental income of $140,000 - $150,000.

Property Details for 309 Paradiso Pl

Property type
Residential income homes
Square Feet
2,606 SF
Year Built
2024
Stories
2

Location Insight

City
Panama City Beach
County
Bay
State
Florida
Latitude
30.2097667
Longitude
-85.8556808
309 Paradiso Pl, Panama City Beach, Florida

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309 Paradiso Pl
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