13650 Front Beach RdPanama City Beach, FL 32413

Property Details for 13650 Front Beach Rd

Year built

2023

Lot size

0.06 AC

Property size (Sq ft)

3,176 SF

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

This exceptional 3-story, mixed-use property in Panama City Beach, Florida, presents a lucrative investment opportunity. Located at 13650 Front Beach Rd, 32413, this corner unit boasts 3,176 square feet of net rentable space, offering five bedrooms and 4.5 bathrooms. Built in 2023, the property sits on a 0.06-acre lot and enjoys a prime location at the entrance of the Margaritaville resort, providing unparalleled access to resort amenities, including a lazy river and beach access. The unit features breathtaking Gulf views from every balcony. The "Escape Floorplan" is designed for optimal vacation rental use, with 2943 square feet of heated/cooled space. Currently listed at $2,799,999, this property offers a compelling 9.82% cap rate and a strong NOI of $275,000. Its proximity to the pool and beach access makes it highly desirable for vacation rentals, promising a high occupancy rate and significant return on investment. The nearly completed development and established live entertainment at the resort further enhance its appeal. This is a first-tier unit within the resort, positioned for superior rental performance and potential future appreciation. The coded entry system ensures security and ease of access. This turnkey investment is ready for immediate income generation.

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Latitude

30.1997

Longitude

-85.847

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