604 Anemone StPanama City Beach, FL 32413
- Investment properties
- 7,428 SF
Property Details for 604 Anemone St
- Year built
- 2023
- Property size (Sq ft)
- 7,428 SF
- Property type
- Investment properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Latitude
- 30.2037
- Longitude
- -85.8531
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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