High-Performing Short-Term Rental Grossing over $50K in 2025 | Gulf-Front at Calypso Resort. This is a 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 newly 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 was just 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 in 2025 - Self-managed on Airbnb and VRBO - Highly desirable bunk-bed floor plan that outperforms typical 1-bedroom units - New LVP being installed throughout! 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 districtone 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: 13' x 12'
- Primary Bedroom Level: First
Other Rooms
- Total Rooms: 6
- Balcony Dimensions: 17' x 6'
- Balcony Level: First
- Full Bathroom Dimensions: 9.5' x 5'
- Full Bathroom Level: First
- Living Room Dimensions: 16' x 15'
- Living Room Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Primary Bathroom Dimensions: 9.5' x 7.5'
- Primary Bathroom Level: First
Interior Features
- Breakfast Bar
- Ceiling Raised
- Hallway Bunk Beds
- Owner's Closet
- Washer/Dryer Hookup
- Flooring: Floor Tile, Floor WW Carpet
- Window Features: Window Treatment All
Appliances
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Microwave
- Oven Self Cleaning
- Refrigerator W/IceMk
- Stove/Oven Electric
- Washer
- Water Heater - Elect
Heating and Cooling
- Cooling Features: Ceiling Fans, Central Air
- Heating Features: Central
- Heating: Yes
- Ceiling Fans: Yes
Kitchen and Dining
- Kitchen Dimensions: 10' x 10'
- Kitchen Level: First
Exterior and Lot Features
Pool and Spa
Waterfront and Water Access
Garage and Parking
- Garage Spaces: 1
- Parking Features: Garage
Home Features
- View: Gulf
- Security Features: Fire Alarm/Sprinkler
Homeowners Association
- Association: Yes
- Association Fee: 2093
- Association Fee Frequency: Quarterly
- Association Fee 2: 2093
- Association Fee Includes: Accounting, Ground Keeping, Internet Service, Management, Master Association, Recreational Faclty, Security, Sewer, Water, Cable TV, Trash
- Calculated Total Monthly Association Fees: 698
School Information
- Elementary School: Hutchinson Beach
- High School: Bay
- Middle School: Surfside
Amenities and Community Features
- Community Features: Short Term Rental - Allowed, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Fishing, Pool, TV Cable, Waterfront
Other Property Info
- Annual Tax Amount: 5036
- 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 build #1 unit is on 5th floor numbered 1-507
- Tax Year: 2024
- Source Property Type: Residential
- Area: 27 - Bay County
- Property Subtype: condo
- MLS Area Minor: 2718 - Beach - Central South
- Source Neighborhood: CALYPSO RESORT & TOWERS
- Parcel Number: 33802-200-043
- Subdivision: CALYPSO RESORT & TOWERS
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 841
- Year Built: 2006
- Building Area Source: County PA Records
- Building Area Total: 841
- Construction Materials: Concrete, Stucco
- Property Age: 20
- Property Condition: Renovated, Construction Complete
- Levels or Stories: 1
- Total Area Sqft: 841
Utilities
- Sewer: Community Sewer
- Community Water
- Electric