Active

103 DeLuna Place

Panama City Beach FL, 32413

$6,675,000


$537.40 per sqft

Active

20 Beds

22.5 Baths

12,421 sqft

Multi-family

Built in 2023

Unlock a golden investment opportunity with this exclusive townhome development in the heart of Panama City Beach, Florida! Introducing a five-unit project that not only offers the allure of coastal living but also promises lucrative returns on your investment. Current projections are pushing up to 700k in potential rental revenue.Each townhome boasts 4 bedrooms and 4 bathrooms, providing spacious and luxurious accommodation for residents and guests alike. The open floor plan seamlessly connects living, dining, and kitchen areas, creating an inviting space perfect for both relaxation and entertainment.Embrace the allure of gulf views that grace each residence, offering a visual feast of the breathtaking surroundings. High-end GE Monogram appliances adorn the kitchens, elevating the culinary experience for residents and ensuring the appeal for potential renters. Current gross projections are Solid core doors and vertical concrete construction add a touch of sophistication and privacy throughout, creating a sense of exclusivity in each unit. The heated community pool becomes a year-round attraction, enhancing the overall appeal for tenants seeking a resort-like experience.For those with an eye on investment, the entire project offers an excellent opportunity for rental income. Strategically located across the street from the beach, these townhomes are poised to attract vacationers and long-term renters alike. Rental projections currently show this development could push up to $700,000 in potential rental revenue.Parking is a breeze with a two-car garage for each unit, providing convenience for residents and adding to the property's overall desirability. Elevate the appeal further by offering the option for an elevator, ensuring accessibility for all potential tenants.Seize the chance to own not just a single property but an entire investment project in one of Florida's most sought-after locations. With proximity to the beach, upscale amenities, and a focus on maximizing rental potential, these townhomes present a compelling investment package. Don't miss out on securing your stake in this coastal gem - schedule a comprehensive tour today and witness the potential returns awaiting you in this prime Panama City Beach development!

749760

MLS ID

November 30, 2023

Listed

April 10, 2024

Updated

Map

103 DeLuna Place
Panama City Beach FL, 32413

Interior Features

Total Stories

3


Bedrooms

20


Total Bathrooms

22.5


Interior Features

Elevator, Kitchen Island, New Paint


Appliances

Dishwasher, Electric Oven, Gas Cooktop, Gas Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater


Floor Description

Laminate, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fan(s)


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.34 Acres


Exterior Features

Balcony, Sprinkler/Irrigation, Pool, Porch


Roof

Shingle


Sewer

Community/Coop Sewer

School Information

High School

Arnold


Elementary School

West Bay

Other Property Details

Area Name

03 - Bay County - Beach


Days on Market

132


Garage

Yes


Garage Spaces

10


Parking

Attached Carport, Attached, Garage


View

Yes


View Description

Gulf


County

Bay


Water Source

Community/Coop


Pool

Yes


Pool Features

Fenced, Gunite, Gas Heat, In Ground, Private, Community, Pool


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

4/10/2024

Price Change

$6,675,000

-7%

1/25/2024

Price Change

$7,175,000

-4%

 

Courtesy of Scenic Sotheby's International Realty, Blake Jones,
Listing Contact: (850) 714-4252 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Bay Real Experts shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

© 2024 Central Panhandle Association of REALTORS. All rights reserved.

Powered byLuxury Presence