$1,300,000
Panama City Beach, FL 32407
MLS# 419793
Status: Sold
1 / 12
Property Description
1.62 Acres on the Gulf of Mexico. This is a bank REO property for immediate sale as-s with no warranties or representations. The existing improvements include the 48-Unit Beach Club Motel and two single-family residential structures on the north side of Front Beach Road. The motel will stay open through Labor Day Weekend and will close in September. No value is placed on the existing structures. The Gulf-front parcel has 230' of water-frontage and is 0.67 acres. The property located on the north side of front beach road is comprised of #4 additional parcels (34930-000-000, 34929-000-000, 34936-000-000, 34937-000-000) totaling 1.04 acres. The current land use is T-2, Professional & Retail Sales and T-3, Accomodations & Retail Sales within the City limits of Panama City Beach.
Details
Maps
Contract Info
List Date: 2011-08-24
List Price: $3,900,000
List Price/Acre: 2407407.41
Current Price: $1,300,000
Sub-Type: Land/Acres
Location Tax Legal
Street #: 10637
Street Name: Front Beach
Street Suffix: Road
State: FL
Zip Code: 32407
County: Bay
Area: 03 - Bay County - Beach
Subdivision: Long Beach
Parcel ID: 34895-000-000
Legal Description: 1) LONG BEACH LOTS 10, 11, 12 & 12A BLK 1 AKA PH I, ii & iii orb 1447 P 1364 ORB 1462 P1973 LESS 5'TO PCB WALKWAY IN THE MIDDLE OF LOT 12 LESS ELY 10'OF LOT 10 ORB 2912 P 1553 2) LONG BEACH 3RD ADD LOTS 2 & 3 BLK 8 ORB 2912 P 1553 3) LONG BEACH 3RD ADD LOT 1 BLK 8 LESS R/W ORB 2912 P 1553 4) LONG BEACH 3RD ADD LOT 12 BLK 8 LESS R/W ORB 2912 P 1553 5) LONG BEACH 3RD ADD LOTS S14, 15, 16, 17 BLK 8
General Property Info
Acreage: 1.62
Frontage Feet: 230
Status Change Info
Status: Sold
Under Contract Date: 2012-06-22
Sold Date: 2012-06-29
Sold Price: $1,300,000
Sold Price/Acre: 802469.14
Waterfront Feature
Waterfront Feet: 230
Property Features
TransportationAccess: 2 - Lane
Utilities: Electricity - Connected; Water Connected
Waterfront Type: Gulf
Present Zoning: Commercial
Waterview: Gulf
Listing Office: Counts Real Estate Group Inc
Last Updated: October - 08 - 2024
Information deemed reliable but not guaranteed.