Description
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!
Legal Description
Parcel ID assigned at closing, Legal Description in attached as-built survey.
Features of 103 Deluna Place
| MLS® # | 937525 |
|---|---|
| Price | $6,675,000 |
| Bedrooms | 20 |
| Bathrooms | 25.00 |
| Full Baths | 20 |
| Half Baths | 5 |
| Square Footage | 12,421 |
| Acres | 0.00 |
| Year Built | 2023 |
| Type | Attached Single Unit |
| Sub-Type | Attached Single Unit |
| Style | Contemporary |
| Status | Active |
Community Information
| Address | 103 Deluna Place |
|---|---|
| Area | Bay County |
| Subdivision | DeLuna Place Townhomes |
| City | PANAMA CITY BEACH |
| County | BAY |
| State | FL |
| Zip Code | 32413 |
Amenities
| Amenities | Pets Allowed, Pool, Short Term Rental - Allowed |
|---|---|
| Utilities | Community Sewer, Community Water, Electric Available, Gas - Natural, Lift Station, Phone Available, TV Cable Available |
| Parking Spaces | 10 |
| Parking | Carport, Covered, Garage, Garage: Attached |
| # of Garages | 10 |
| Is Waterfront | No |
| Water View | GULF |
| Has Pool | Yes |
| Pool | Pool - Heated, Pool - In-Ground, Community |
Interior
| Interior Features | Floor Laminate, Floor Tile, Furnished - None, Kitchen Island, Lighting Recessed, Newly Painted, Owner's Closet, Washer/Dryer Hookup, Window Treatmnt None |
|---|---|
| Appliances | Cooktop, Dishwasher, Disposal, Fire Alarm/Sprinkler, Microwave, Oven:Self Cleaning, Range Hood, Refrigerator, Smoke Detector, Stove/Oven Dual Fuel, Warranty Provided |
| Heating | Heat: Central Electric |
| Cooling | A/C: Central Electric, Ceiling Fans |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | No |
Exterior
| Exterior | Block, Concrete, Frame, Roof Composite Shingle, Siding EIFS |
|---|---|
| Exterior Features | Balcony, Fenced Lot-Part, Patio Covered, Pool - Heated, Pool - In-Ground, Sprinkler System |
| Lot Description | Within 1/2 Mile Of Water |
| Roof | Block, Roof Composite Shingle |
| Construction | Frame |
School Information
| Elementary | WEST BAY |
|---|---|
| Middle | Surfside |
| High | ARNOLD |
Additional Information
| Zoning | Commercial, Residential Multi-Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Office | Scenic Sotheby's International Realty |
|---|
Price History for MLS #937525
| Date | Details | Change |
|---|---|---|
| Price Reduced from $7,175,000 to $6,675,000 | ||
| Price Reduced from $7,425,000 to $7,175,000 |
