High-Performing Short-Term Rental | $50K+ Gross Income | Gulf-Front at Calypso Resort Turnkey Gulf-front 1-bedroom condo with hallway bunk beds and 2 full bathrooms located at Calypso Resort & Towers, one of the top-producing short-term rental resorts in Panama City Beach. This renovated unit offers direct Gulf views, a large private balcony, and overlooks Calypso's massive resort-style pool-features that consistently drive strong nightly rates and high occupancy. The floor plan is intentionally designed for short-term rental success. The hallway bunk beds create an additional sleeping area, allowing the condo to accommodate more guests than a standard 1-bedroom and directly increasing rental demand and income potential. With two full bathrooms, the unit functions like a much larger condo in the eyes of vacation renters. New luxury vinyl plank (LVP) flooring is currently being installed throughout, enhancing durability, aesthetics, and long-term rental performance. The unit is truly turnkey and ready to continue producing income immediately. Short-Term Rental Investment Highlights: - Just over $50,000 in gross rental income - Self-managed on Airbnb and VRBO - Proven vacation rental history - Highly desirable bunk-bed floor plan that outperforms typical 1-bedroom units Location further amplifies rental demand. Calypso is adjacent to the Panama City Beach fishing pier and is the closest Gulf-front resort to Pier Park, putting guests within walking distance of PCB's most visited shopping, dining, and entertainment district-one of the strongest booking drivers in the market. Whether you're looking for a cash-flowing Gulf-front short-term rental, a 1031 exchange replacement, or a low-maintenance investment with documented income, this condo checks every box. Rare opportunity to own a proven, high-performing short-term rental at one of PCB's most in-demand resorts. Schedule your private showing today.
Property Features
Bedrooms
- Bedrooms: 1
- Primary Bedroom Dimensions: 11' x 12.75'
- Primary Bedroom Level: First
Other Rooms
- Total Rooms: 6
- Dimensions: 6.75' x 3'
- Level: First
- Living Room Dimensions: 14.25' x 17'
- Living Room Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Primary Bathroom Dimensions: 7.5' x 9.5'
- Bathroom 1 Dimensions: 5' x 9.5'
- Primary Bathroom Level: First
- Bathroom 1 Level: First
Interior Features
Appliances
- WasherDryerStacked
- ElectricOven
- ElectricWaterHeater
- Laundry Features: Stacked
Heating and Cooling
- Cooling Features: CentralAir
- Heating Features: Electric
- Heating: Yes
Kitchen and Dining
- Kitchen Dimensions: 10.5' x 10.5'
- Kitchen Level: First
Pool and Spa
- Pool Features: InGround, Community
Waterfront and Water Access
Manufactured and Mobile Info
Exterior and Lot Features
- Patio And Porch Features: Balcony
- Road Frontage Type: CityStreet
- Road Responsibility: PublicMaintainedRoad
Garage and Parking
- Parking Features: ParkingLot
Home Features
Homeowners Association
School Information
- Elementary School: Hutchison Beach
- High School: Arnold
- Middle School: Surfside
Rental Info
- Units Furnished: AllUnits
Amenities and Community Features
- Community Features: Barbecue, Beach, Clubhouse, Elevator, GameRoom, Pool, CommunityPool, ShortTermRentalAllowed
Other Property Info
- Annual Tax Amount: 5507
- Source Listing Status: Active
- County: Bay
- Directions: GPS directions are accurate. Located on Gulf side of Front Beach Road just west of PCB Russell-Fields Fishing Pier and directly across from Pier Park. Parking on north side next to garage. Enter east building #1 unit is on 5th floor numbered 1-507.
- Tax Year: 2025
- Restrictions: ShortTermRentalsAllowed
- Source Property Type: Residential
- Area: 03 - Bay County - Beach
- Property Subtype: condo
- MLS Area Minor: 0318 - Beach - Central South
- Source Neighborhood: Calypso Towers I
- Parcel Number: 33802-200-043
- Postal City: Panama City Beach
- State Region: FL
- Subdivision: Calypso Towers I
- Zoning Description: Resort
- Property Subtype: Condominium
Building and Construction
- Year Built: 2006
- Building Area Total: 841
- Living Area Source: Appraiser
- Property Age: 20
- Architectural Style: HighRise
Utilities
- Sewer: PublicSewer
- CableConnected