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21637536
21637564

5409 Gulf Dr, Panama City, FL 32408

BT
FL FLbk3175219
Beach Time Realty, Inc.
Listed by Beach Time Realty, Inc.
$4,490,000
481 days on market
Updated 5 days ago

Making Waves

Details
Property Type Multifamily
Sub Type vacation rental
Square Footage 4,556
Cap Rate 7.8%
NOI $350,000
Occupancy 85%
Price per SqFt $987
Class A
Year Built 2015
Buildings 1
Stories 3
Acreage 0.280
Investment Type Owner/User
Occupancy Date 02/08/2025
Sale Condition N/A

Proven vacation rental record!!!

Marketing description

''INVESTMENT PROPERTY'' This beautiful Private Beach home is a money maker! It has produced over $400k in rentals a year over the last four years. It is already booked at 70% for 2025 The location is great in the heart of all the attractions in Panama City Beach! The home has a 14x24 heated pool, hot tub , and over 2000sq ft of back deck to enjoy. You can walk off the back deck right into the beautiful white sand, and into the gulf! Home also boasts plenty of parking for boats, motorcycles, or RV's. With 9 bed rooms and 7 bathrooms there is room for the entire family! King size beds are in seven of the nine bedrooms, and almost every room has a beautiful view of the gulf. Home has a Large open area for entertaining and Gourmet Kitchen. There is also a separate Media/Game room for the kids upstairs with game table and large flat screen TV. ''Making Waves'' is a premiere gulf front home with a proven rental record! You must come see it for yourself!

Investment highlights

Proven vacation rental history at an average over $410k per year. This year it is already booked at 70% and it is only February! Making Waves has booked at an average of 85% a year over the past five years and it is on track to surpass that this year! Besides the rental income, property in Panama City Beach has average increase in value at 12% per year.

Listing Contacts

BT
FL FLbk3175219
Beach Time Realty, Inc.
Listed by Beach Time Realty, Inc.

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$350,000.00
$29,166.67/mo

Valuation Metrics

0
DSCR
7.8%
Cap Rate
7.8%
ROI

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Additional Information

Name
Bill Thomas
License
FLbk3175219
Brokerage
Beach Time Realty, Inc
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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