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22682967
22682989

13401 Oleander Dr, Panama City, FL 32407

BT
FL FLbk3175219
Beach Time Realty, Inc.
Listed by Beach Time Realty, Inc.
$6,300,030
434 days on market
Updated 53 days ago

Jewel of Oleander

Details
Property Type Hospitality, Mixed Use
Sub Type Hotel
Square Footage 5,984
Net Rentable (SqFt) 5,984
Beds 10
Cap Rate 8.57%
NOI $540,000
Occupancy 80%
Price per SqFt $1,053
Year Built 2024
Buildings 1
Stories 3
Acreage 0.170
Investment Type Owner/User

Hospitality | 8.57% CAP

Marketing description

Looking for the right Gulf Front Beach Home, you just found it in this Majestic New Gulf Front Home on Oleander Drive. Already on rental with 30aescapes and is called Jewell of Oleander and the name says it all! This new construction home features 8 bedrooms of which 4 are gulf front and 2 bunk room and sleeps 36 and booked solid for 2025 with over 460,000.00 already on the books. The first-floor features 12' ceilings and a great open floor plan, living room with a fire place that opens up a massive pool deck and outdoor kitchen area. with access to the Beach. The first floor also has a bedroom with En-suite Bath, Game Room, and elevator and features Thor appliances. The second floor features 2 Gulf Front Bedrooms, both with En Suite Baths, two additional bedrooms, baths along with a bunk room and a din area. The Third-floor features 2 master suites with baths and another living Room along with a Bunk Room off the living area. This beautiful home has plenty of break out areas as it has three large decks and a oversize Gulf Front Pool with plenty of parking for up to 9 cars, Audio on every balcony and pool area and a outdoor kitchen with over 550,000 in projected income for 2025.

Agent to Agent Remarks: Call listing agent to showing instruction, the house is on rental and is booked solid, showings will have to be on the Flip Day (Saturday) each week. Call Bill Thomas 850-381-3156 or Fred Thomas 850-832-8695

Investment highlights

Home was completed in July of 2024. It started vacation rentals with 30A escapes in August of 2024 by the end of the year it had produced 250k in revenue. This year the home already has 460k in revenue on the books with more to come. The projections for this property is 570k and it appears that it will reach it in its first full year. The rent rate typically increases each 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
$540,000.00
$45,000.00/mo

Valuation Metrics

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DSCR
8.57%
Cap Rate
8.57%
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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