For Sale
$5,800,000

604 Anemone StPanama City Beach, FL 32413

Beachfront Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 2023-built, three-story, Class A multifamily property in Panama City Beach, Florida, offers 7,428 square feet of space across nine bedrooms and eleven bathrooms. Boasting two full kitchens with Taj Mahal quartzite countertops, a heated pool, hot tub, covered patio, fire pit, and putting green, this property is ideally suited for short-term rentals. The unique lockout system allows for flexible rental options, maximizing income potential. Located in the exclusive Bid-A-Wee community, it provides access to 2,500 feet of private, gated beach. The property sits on a 9,000-10,000 square foot lot and is zoned for Commercial High Density, offering a strong 7.05% cap rate and a $409,000 NOI. The asking price is $5,800,000. Additional features include a wet bar, ice machine, wine fridge, and an outdoor shower with a sand drain. The design incorporates thoughtful elements such as daybeds in gathering rooms and strategically placed windows to maximize ocean views. This turnkey investment opportunity is poised for significant returns.

Highlights

  • Luxury beachfront villa in Panama City Beach, FL, at 604 Anemone St.
  • Nine bedrooms, eleven bathrooms, two full kitchens with Taj Mahal quartzite countertops.
  • Ocean views, open-concept living, multiple gathering areas for up to 44 guests.
  • Heated pool, hot tub, covered patio, fire pit, putting green, and outdoor shower with sand drain.
  • Wet bar, ice machine, wine fridge; unique lockout system for flexible rentals.
  • Located in Bid-A-Wee community with private gated beach access; short-term rental zoned, high-density commercial property.

Property Details for 604 Anemone St

Property type
Residential income homes
Square Feet
7,428 SF
Class
A
Year Built
2023
Buildings
1
Stories
3
Units
2

Location Insight

City
Panama City Beach
County
Bay
State
Florida
Latitude
30.2036976
Longitude
-85.8531069
604 Anemone St, Panama City Beach, Florida

FAQs

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604 Anemone St
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