INCOME PRODUCING! NEWLY RENOVATED with amazing water views! Beach house property is a prime location just a mere 100 yards from the pristine shorelines of Laguna Beach and boasts $140, 000 in rental income for 2023. This fully furnished, luxurious three-story home is in excellent condition and provides an attractive opportunity for investors seeking a turnkey rental property as well as buyers seeking a primary residence or a luxurious vacation home. The home is spacious enough to serve as a main residence or vacation home for up to 14 guests. It was completely remodeled in 2022, with additional kitchen and bathroom renovations completed in 2024, and features stunning Gulf views (especially from the third-floor living space), a lock-out suite on the ground floor, ample covered parking, high-impact windows, fresh paint, upgraded finishes throughout, and a hydraulic elevator ensuring easy access to each floor.The paved back patio is perfect for entertaining and relaxing alike with a fully heated pool and hot tub, an outdoor kitchen and grill, and a surrounding lounge patio area. The first-floor lock-out suite is self-contained with its own kitchen, king-size bedroom, spa bathroom, and living room with a sleeper sofa. The second floor has two luxurious king suites with private balconies and a bunk hall. The third floor features open living/dining space with expansive Gulf views, and hardwood floors with a cathedral ceiling. A fully equipped kitchen with granite countertops and stainless appliances, and dining area with a breakfast bar provide convenience and a gathering place for all. The third-floor balcony also offers stunning Gulf views. The property also includes overflow garage storage for beach toys, bicycles, etc. Schedule your showing today, this one won't last!
Property Features
Bedrooms
- Bedrooms: 5
- Primary Bedroom Dimensions: 13 x 14
- Primary Bedroom Level: Second
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Interior Features
- BreakfastBar
- Bookcases
- CrownMolding
- CathedralCeilings
- Elevator
- NewPaint
- Pantry
- Remodeled
- RecessedLighting
- VaultedCeilings
- WindowTreatments
- Door Features: InsulatedDoors
- Flooring: Hardwood, Tile
- Window Features: DoublePaneWindows
Appliances
- ConvectionOven
- Dryer
- Dishwasher
- ElectricCooktop
- ElectricOven
- Freezer
- GasCooktop
- Disposal
- GasRange
- GasWaterHeater
- IceMaker
- Microwave
- Refrigerator
- RangeHood
- TanklessWaterHeater
- Washer
Other Rooms
- Bedroom: 15 x 12 x Third
- Bedroom: 11 x 15 x Second
- FullBath: 8 x 13 x First
- Bedroom: 16 x 13 x First
Heating and Cooling
- Cooling Features: CentralAir, CeilingFans, Zoned
- Heating Features: Central, Electric
- Heating: Yes
Exterior and Lot Features
- Balcony
- Fence
- HotTubSpa
- OutdoorGrill
- OutdoorLivingArea
- Pool
- RainGutters
- Other Structures: Garages, Storage
- Patio And Porch Features: Balcony, Covered, Patio
- Road Frontage Type: CityStreet
Pool and Spa
- Pool Features: Fenced, Gunite, GasHeat, InGround, Private, Pool
- Spa: Yes
Garage and Parking
- Covered Spaces: 1
- Garage Spaces: 1
- Other Parking: Driveway Spaces:5.00
- Parking Features: AttachedCarport, Covered, Driveway
Land Info
- Lot Size Acres: 0.0716253
- Lot Size Dimensions: 26X120
- Lot Size Square Feet: 3120
Home Features
- View: Gulf
- Security Features: FireAlarm, SmokeDetectors
School Information
- Elementary School: West Bay
- High School: Arnold
- Middle School: Surfside
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Amenities and Community Features
- Community Features: ShortTermRentalAllowed, Sidewalks
Other Property Info
- Annual Tax Amount: 9035
- Source Listing Status: Active
- County: Bay
- Directions: Situated between Pier Park and the well-known Thomas Donut and Snack Shop, this beach house property's prime location is just a mere 100 yards from the pristine shorelines of Laguna Beach.
- Tax Year: 2023
- Source Property Type: Residential
- Property Subtype: townhouse
- MLS Area Minor: 0324 - Beach - West Central
- Source Neighborhood: Miramar Beach
- Parcel Number: 38487-000-000
- Postal City: Panama City Beach
- Subdivision: Miramar Beach
- Zoning Description: Resid Multi-Family
- Property Subtype: Attached
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 2695
- Year Built: 2007
- Construction Materials: Frame, Stucco, WoodSiding
- Foundation Details: Slab
- Living Area Source: ListingAgent
- Property Age: 17
- Property Condition: UpdatedRemodeled
- Roof: Metal
- Building Total Stories: 3
- House Style: Traditional
- Architectural Style: Traditional
Utilities
- Sewer: PublicSewer
- CableAvailable
- ElectricityAvailable
- NaturalGasAvailable
- HighSpeedInternetAvailable
- SewerAvailable
- WaterAvailable
- Water Source: Public