117 Rose Lane, Panama City Beach, FL 32413 (MLS# 766542)

HOA Fee: No

New Buyer Fee: No

Last Taxes: 9571

Last Tax Year: 2023

Brokerage Interest: No Interest

List Price/SqFt: 550.34

Status: Sold

List Date: 2024-12-20

List Price: $1,290,000

Current Price: $1,230,000

Sub Area: 0324 - Beach - West Central

Community/Resort: Laguna Beach

Waterfront: No

Elementary School: West Bay

Middle School: Surfside

High School: Arnold

Directions: Fm intersection of Hwy 79 & Front Beach Rd, go West. Turn right on Rose Lane, just after you pass Thomas Donut & Carousell Supermarket. After you turn on Rose Lane, house is a half block up on the lef

Area: 03 - Bay County - Beach

Street #: 117

Street Name: Rose

Street Suffix: Lane

State: FL

Zip Code: 32413

County: Bay

Subdivision: Laguna Beach Estates 1st Add

Parcel ID: 36644-000-000

Legal Description: LAGUNA BEACH ESTATES 1ST ADD LOT 8 BLK 1B ORB 4601 P 96

Acreage: 0.21

Design: Beach House

Lot Size (SqFt): 9148

Apx SqFt(Htd/Cooled): 2344

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

Lot Dimensions: 75' x 120'

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Private

Sub-Type: Detached Single Family

Bedrooms: 6

Full Baths: 4

Total Baths: 5

Year Built: 1950

Remarks: CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Grab a (Large) Piece of Olde Florida Charm While You Can! Nautical Rose offers a rare opportunity to own a beachside property with significant rental income potential. After the completion of a brand new massive heated saltwater pool in March 2024, the home generated $128k in net rent for 2024. With $157k already on the books for 2025, the home is on track to hit $175k+ in 2025. The current owner is successfully self-managing the property and is willing to continue managing for a smooth transition, including offering all previous guest and prospect lists. Located just half a block from Laguna Beach, one of the most private public beaches in the U.S., the property is also 8 minutes to Pier Park and Rosemary Beach. This large 0.21-acre lot is the biggest available this close to the beach. The home is nearly all concrete block, featuring 6 bedrooms (3 kings, 2 queens, 1 bunk), 4.5 baths, and ample space for 16 guests. Recent upgrades include a 35-foot heated saltwater pool (March 2024), a 7-person Monterey Premier hot tub (February 2023), and two renovated outdoor heated showers (March 2024). A new 5-ton Bosch heat pump (September 2024) and electrical upgrades throughout (August 2024) ensure the home is in top condition. Additional improvements include new septic pipes and septic Clean Out (December 2024). Home also has a whole home surge protector (2024). Brand new oversized washer/dryer (June 2024) & Installed 6th bedroom (August 2024) The sale includes everything on-site, from appliances and furniture to linens, pool table, and outdoor amenities making this a true turnkey investment. With a prime location, strong rental history, and all the upgrades in place, Nautical Rose is a perfect opportunity for investors looking to capitalize on the beach rental market. 2025 (as of 2/1) $157.8k Total $153.7k Net Total $128.1k Total Rent Only

Sold Price/SqFt: 524.74

Sold Price/Acre: 5857142.86

Under Contract Date: 2025-02-04

Sold Date: 2025-03-07

Sold Price: $1,230,000

First: 1

Heated - Electric: 1

Inground: 1

Saltwater: 1

Spa/ Hot Tub: 1

Cooktop - Electric: 1

Dishwasher: 1

Dryer: 1

Ice Maker: 1

Oven - Electric: 1

Range - Electric: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Breakfast Bar: 1

Fireplace: 1

Floor - Hardwood: 1

Lock Out Closet: 1

Stairs: 1

Block: 1

Foundation - Slab on Grade: 1

Roof - Composite Shngl: 1

Fenced Back Yard: 1

Fenced Privacy: 1

Fire Pit: 1

Shower: 1

Patio Enclosed: 1

Shed(s): 1

Cash: 1

Conventional: 1

FHA: 1

Furnished: 1

Floor - Concrete: 1

First: 1

First: 1

Deeded Access: 1

City Street: 1

Driveway: 1

Oversized: 1

Resid Single Family: 1

Bedroom: 1

Dining Room: 1

Kitchen: 1

Living Room: 1

Primary Bedroom: 1

TV Cable: 1

Garbage: 1

Phone - Connected: 1

Public Water - Connected: 1

Septic Tank: 1

Accessible Approach with Ramp: 1

As Is: 1

First: 1

Ceiling Fan(s): 1

Central Air: 1

Central: 1

Fireplace - Wood Burning: 1