309 Paradiso PlPanama City Beach, FL 32413

Property Details for 309 Paradiso Pl

Year built

2024

Property size (Sq ft)

2,606 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Latitude

30.2098

Longitude

-85.8557

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