$750,000
Panama City Beach, FL 32413
MLS# 728420
Status: Sold
7 beds | 4 baths | 2654 sqft
1 / 20
Property Description
SOLD This walking distance to the beach quadplex is just what you've been looking for – maximum flexibility: Keep as quadplex with current annual leases and outstanding Cap Rate. Change to nightly rentals and make a fortune! Sitting on a 150X65 parcel, 1,500 feet from the beach, close enough to enjoy and view, enough above sea level and far enough away to avoid beach impact of hurricanes and costly insurance. Currently configured as three 2-bedroom one bath apartments, and one 1-bedroom one bath apartment. Building constructed the way a beach structure should be in 1989, hurricane straps before they were required, secondary waterproof membrane under shingles, stucco exterior walls.
Details
Maps
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 2504
Last Tax Year: 2021
Brokerage Interest: Familial Interest - Listing Broker/Licensee related to owner.
Contract Info
List Price/SqFt: 312.7
Status: Sold
List Date: 2022-06-11
List Price: $829,900
Current Price: $750,000
Location
Sub Area: 0324 - Beach - West Central
Community/Resort: None
Waterfront: No
Elementary School: West Bay
Middle School: Surfside
High School: Arnold
Directions: Refer to GPS
Area: 03 - Bay County - Beach
Street #: 223
Street Name: Venado
Street Suffix: Place
State: FL
Zip Code: 32413
County: Bay
Subdivision: [No Recorded Subdiv]
Parcel ID: 37489-000-000
Legal Description: LAGUNA BEACH LOTS 9,10,11 BLK 11 ORB 3173 P 1317
General Property Info
Acreage: 0.22
Design: N/A
Lot Size (SqFt): 9670
Apx SqFt(Htd/Cooled): 2654
Construction Status: Construction Complete
SqFt Source: Prop App Site
Lot Dimensions: 150x65
Garage Y/N: No
Sub-Type: Quadplex Multi-Units
Bedrooms: 7
Full Baths: 4
Total Baths: 4
Year Built: 1989
Remarks & Misc
Remarks: SOLD This walking distance to the beach quadplex is just what you've been looking for – maximum flexibility:
Keep as quadplex with current annual leases and outstanding Cap Rate. Change to nightly rentals and make a fortune!
Sitting on a 150X65 parcel, 1,500 feet from the beach, close enough to enjoy and view, enough above sea level and far enough away to avoid beach impact of hurricanes and costly insurance.
Currently configured as three 2-bedroom one bath apartments, and one 1-bedroom one bath apartment.
Building constructed the way a beach structure should be in 1989, hurricane straps before they were required, secondary waterproof membrane under shingles, stucco exterior walls.
Status Change Info
Sold Price/SqFt: 282.59
Sold Price/Acre: 3409090.91
Under Contract Date: 2022-07-21
Sold Date: 2022-08-22
Sold Price: $750,000
Appliances
Microwave: 1
Range - Electric: 1
Refrigerator: 1
Construction/Siding
Roof - Shingle/Shake: 1
Siding - Stucco: 1
Exterior
Balcony: 1
Deck Covered: 1
Furnished
Unfurnished: 1
Lot Access
Paved Road: 1
Parking Features
Driveway: 1
Rooms
Bedroom: 1
Utilities
Septic Tank: 1
Cooling
Central Air: 1
Heating
Central: 1
Property Features
Appliances: Microwave; Range - Electric; Refrigerator
Cooling: Central Air
Heating: Central
Exterior: Balcony; Deck Covered
Furnished: Unfurnished
Lot Access: Paved Road
Parking Features: Driveway
Rooms: Bedroom
Utilities: Septic Tank
Supplements
Grandfathered in - Bay County density ordinances no longer permit 4 dwellings on this size parcel; the limit is 3.
Convert to 2-bedroom 2-bathroom duplex and maximize resale.
Convert to a 4-bedroom 4-bathroom two story 2,654 sq ft beach house, with plenty of parking for guests.
This property is already a money maker but has so much more potential yet!
Room Information
| Room Name | Dimensions | Length | Width |
| Bedroom | 15 x 15 | 15.00 | 15.00 |
| Bedroom | 15 x 15 | 15.00 | 15.00 |
| Bedroom | 15 x 15 | 15.00 | 15.00 |
| Bedroom | 15 x 15 | 15.00 | 15.00 |
| Bedroom | 15 x 15 | 15.00 | 15.00 |
| Bedroom | 15 x 15 | 15.00 | 15.00 |
| Bedroom | 15 x 15 | 15.00 | 15.00 |
Listing Office: World Impact Real Estate
Last Updated: August - 12 - 2025
Information deemed reliable but not guaranteed.