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21788306
21788307

13657 Front Beach Rd, Panama City Beach, FL 32413

BT
FL FLbk3175219
Beach Time Realty, Inc.
Listed by Beach Time Realty, Inc.
$3,650,000
475 days on market
Updated 73 days ago

Margaritaville Gulf Front

Details
Property Type Mixed Use, Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 3,990
Cap Rate 10.66%
NOI $389,000
Year Built 2024
Stories 3
Investment Type Net Lease

Mixed Use | 10.66% CAP | 3,990 SqFt

Marketing description

MAJOR PRICE CHANGE, JUST REDUCTED BRAND NEW, NEVER RENTED Enjoy your time at PCB's Margaritaville Resort in one of the Best Gulf Front Luxury Beach House in the Resort. Unit 3 has the Best Gulf Views and as well easy access from Front Beach Road but that's not all, this unit was customized by the owners with a different furniture package and decor to make it special. The Oasis Floor Plan features offers 3784 SF of living space with an endless view from the balconies on each floor with Two Master suites on the Third Floor. The First Floor offers a Recreation Room with Mini-Kitchen, and a with a gaming area with foosball table, Bunk Room and an Elevator as well as entry to the oversize deck featuring a Private Pool, oversize deck with Grill & a Private Beach walkover with outside shower. The second floor features the living area with an open Great Room that opens to an oversize balcony with endless views East and West, Two Bedrooms with Ensuite Baths and a large laundry with additional storage. The Third Floor offers three bedrooms, all with ensuite baths, with two being master bedrooms on the Gulf side with endless views of the coastline of PCB. All this with the amenities of Margaritaville PCB Resort including, The Salty Rim Bar & Grill, Fins Restaurant and Bar, (opens in 2024), and a 425-foot lazy rive Lagoon Pool that is Margaritaville's signature at each of their Resorts. Get ready for good times as it's 5 o'clock somewhere at Margaritaville Resort. Food and Beverage bar area is now open at Pool side in the resort, come join the fun as Margaritaville Cottage Resort takes shape. The onsite restaurant in now under construction. This unit is rental ready and just in time for the season.

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
$389,000.00
$32,416.67/mo

Valuation Metrics

0
DSCR
10.66%
Cap Rate
10.66%
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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