2832 Susan Avenue

Panama City Beach, FL 32408
$1,500,000
3236 sqft | 6 beds | 6 baths | #763503
For Sale

Description

30% RETURN ON INVESTMENT!! Projected rental income at $252K yr! Welcome to your dream investment opportunity--a thoughtfully designed 6-bedroom, 4-bathroom fully furnished duplex offering unparalleled versatility. With an interior door connecting both units, you have the option to rent them separately as 3-bed, 2-bath units or combine them into a spacious 6-bed, 4-bath home. This multi-use setup allows for three potential Airbnb listings, in addition to a separate poolside studio featuring a loft king bed, full bathroom, and its own exterior access. Perfectly situated in a serene and private location with no HOA, this property offers the rare blend of luxury, functionality, and income-generating potential.The outdoor amenities are equally impressive. Enjoy the in-ground heated and chilled pool, complete with an outdoor shower and an additional bathroom for exterior guests' convenience. The resort-style backyard includes a refrigerator, sink, fans, dining area, gas firepit seating, beautiful string lights, and lounge chairs around the pool--creating an ideal space for relaxation and entertainment. The property also features a dedicated RV parking pad with electric and water hookups,ample parking for water sports toys, and a low-maintenance design, making it perfect for hosting large groups and multi-family gatherings.Located just 1/2 mile from the water, you'll be minutes away from white sandy beaches, marinas, and popular dining destinations. With PCB's limited inventory of large properties, this rare gem stands out, especially at such an attractive price point.Crafted by an experienced local builder and AirBnB Superhost, this property ensures no guest comfort is overlooked. The duplex features high-end, modern construction with XL trim, beautifully decorated, Probolt hurricane protection, and foam insulation for durability. Additional insulation within firewall interior walls provides excellent sound deflection, while impact windows, high ceilings, and oversized closets accommodate large groups and their luggage. The kitchens are equipped with high-end appliances and spacious center islands, perfect for entertaining.Practical details include separate electric meters for each side of the duplex, city sewer, shared water meter, irrigation, and an in-place termite bond. The property is located in Flood Zone X, meaning no flood insurance is required. Exciting new developments are coming to Panama City Beach! With popular venues like Top Golf, Tootsie's Orchid Lounge, and Dolly Parton's Pirates of the Caribbean attraction on the horizon, it's clear that big industries are investing heavily in this area. This influx of high-profile entertainment options signals significant growth and development for Panama City Beach, showing confidence in its future as a thriving hub for tourism and local business. These attractions not only promise to draw more visitors but also reflect the growing appeal and economic potential of the area. The investments being made highlight that Panama City Beach is on the rise as a major entertainment destination.Don't miss this opportunity to own a luxury retreat in one of the most desirable areas, complete with every amenity your guests could dream of!All information deemed reliable, please verify if important.
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  • Interior Details
    • Interior Features
      • Interior:Kitchen Island, Pantry, Recessed Lighting, Smart Thermostat, Instant Hot Water
    • Beds & Baths
      • Bedrooms:6
      • Bathrooms:6
      • Full Baths:6
  • Property Details
    • Property
      • Lot description:Cul De Sac
      • Exterior materials:BuiltInBarbecue, Deck, Sprinkler Irrigation, Outdoor Kitchen, Outdoor Shower
    • Measurements
      • Square Feet:3236
  • Construction Details
    • Type & Style
      • Property type:Purchase
      • Style:Duplex
    • Condition
      • Year built:2023
    • Material information
      • Foundation:Slab
  • Utilities / Energy Details
    • Utility
      • Utility features:Electricity Connected
  • Community and Neighborhood Details
    • Community
      • Subdivision:Magnolia Beach 2nd Add
    • Location
      • Elementary School:Patronis
      • Middle School:Surfside
      • High School:Arnold
      • County:Bay
  • Financial Details
    • Pricing Details
      • Days on Market (Cumulative):20
  • Other
    • Source
      • MLS #:763503

Location

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Last Updated: . Source: CPAR

Listing Courtesy
Listing Agent: Beth Mulvey
Listing Office: Beach House Sales and Development

Tishawn PackardReal Estate Group
$
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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Company

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Account

  • Roy F Furst

    Licensed Real Estate Broker

    Central Bay Realty

    Phone: (850) 257-5016

    Email: centralbayrealestate@gmail.com
    © 2024 Central Bay Realty & Property Management. All rights reserved.
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    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.