Description
Investor Alert - Turnkey Airbnb with Immediate Cash Flow Exceptional opportunity in Panama City Beach--legal short-term rental with a 6.4% cap rate and projected income of $51,768. Sold fully furnished with future bookings in place. This 2-story condo in the gated Villas of St. Thomas Square offers a boat dock, a 2 block walk to the beach and water views overlooking St. Andrews Bay. Features include private balcony, modern kitchen with washer/dryer, smart thermostat, smart TVs, fresh paint, and updated fixtures. Community amenities: pool, tennis, clubhouse, sauna, BBQ. Low HOA + unincorporated Bay County = favorable STR taxes. Seller offering 3 months of complimentary management. Largest + best decor + best situated unit in complex! Walkable to beaches, dining, and entertainment
Legal Description
Villas Of St Thomas Iv Unit 409 Type E Orb 972 P 1550 3Br 3B 1322 H&C Orb 4687 P 1947
Features of 8730 Thomas Drive Unit 409
| MLS® # | 1000290 |
|---|---|
| Price | $425,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 1,322 |
| Year Built | 1984 |
| Type | Condominium |
| Sub-Type | Condominium |
| Style | N/A |
| Status | Active |
Community Information
| Address | 8730 Thomas Drive Unit 409 |
|---|---|
| Area | 27 - Bay County |
| Subdivision | VILLAS OF ST THOMAS IV |
| City | Panama City Beach |
| County | Bay |
| State | FL |
| Zip Code | 32408 |
Amenities
| Utilities | Electric, Public Sewer, Public Water, TV Cable |
|---|---|
| View | Gulf, Intracoastal Waterwy, Lagoon |
| Is Waterfront | Yes |
| Waterfront | Intracoastal Wtrwy, Lagoon, Waterfront |
| Water View | Gulf, Intracoastal Waterwy, Lagoon |
| Has Pool | Yes |
| Pool | In Ground |
Interior
| Interior Features | Breakfast Bar, Cathedral Ceiling(s), Recessed Lighting, Owner's Closet, Pantry, Washer/Dryer Hookup |
|---|---|
| Appliances | Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater |
| Heating | Central |
| Cooling | Central Air |
Exterior
| Exterior Features | Balcony, Dock, Tennis Court(s) |
|---|---|
| Windows | Window Treatments |
| Roof | Slate |
School Information
| Elementary | Breakfast Point |
|---|---|
| Middle | Breakfast Point |
| High | Arnold |
Listing Details
| Office | Engel & Voelkers 30A Beaches |
|---|
