$1,600,000
Panama City, FL 32408
MLS# 779488
8 beds | 8 baths | 3200 sqft
1 / 50
Property Description
Attention Investors! Sarah Jean Cottages consists of four 2 bed 2 bath 800 sf cottages and 9 additional buildable lots in this quaint Panama City Beach neighborhood. Short term rentals are allowed and three of the cottages are currently rented on Airbnb with great returns. The fourth unit has a long-term lease. These beautiful properties have open floor plans with laminate flooring throughout, stainless steel appliances, granite countertops in the kitchen, tankless water heaters, tub/shower in guest bathroom and walk in shower in master. There are washers and dryers in the rental units. Paver driveways offer attractive parking. There are two different single story floor plans that have been built, but a two-story option could be built as well in the same footprint. An HOA has been drawn up but not finalized yet. The HOA would need to be established if the buyer wanted to sell the cottages individually. The common areas to maintain are the road, lift station and common grounds. The seller has done all of the needed development work except for installing electrical pedestals for the last 6 lots. Construction plans are included in the Documents. Survey can be provided. Please note that the two-story house in the back of the property is not part of this sale. Please don't disturb tenants if you drive by. Appointments need to be made to see inside the units. Rental numbers are included in the Documents. This sale includes three parcels: 30197-590-000, 30197-590-004, and 30197-590-014. Just a few minutes from the beach, and close to shopping, restaurants, boat rentals, and attractions such as golf, miniature golf, go-karts, Wonderworks, Ripleys and more!
Details
Maps
Contract Info
Status: Active
List Date: 2025-09-22
List Price: $1,600,000
List Price/SqFt: 500
Current Price: $1,600,000
Location
Area: 03 - Bay County - Beach
Street #: 2907
Street Name: Sarah Jean
Street Suffix: Court
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0319 - Beach - East
Subdivision: Gulf Pines U-3
Community/Resort: None
Waterfront: No
Parcel ID: 30197-590-000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: From Front Beach Rd, turn onto Laurie Av, turn onto Gulf Pines Dr, turn into Sarah Jean Ct.
Legal Description: GULF PINES UNIT 3 LOTS 35, 36 & 37 LESS PRCLS (SUBJ TO INGRESS/EGRESS EASMNT ORB 3488 P 1004) ORB 3862 P 1120
General Property Info
Sub-Type: Quadplex Multi-Units
Design: N/A
Apx SqFt(Htd/Cooled): 3200
SqFt Source: Agent Measured
Bedrooms: 8
Full Baths: 8
Total Baths: 8
Year Built: 2019
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Driveway Spaces: 8
Lot Dimensions: 233 x 195
Acreage: 0.71
Lot Size (SqFt): 30928
Pool: No
Property Features
Appliances: Dishwasher; Refrigerator; Water Heater - Electric
Full Bathroom: First
Master Bedroom: First
Bedroom: First
Cooling: Ceiling Fan(s); Central Air
Heating: Central; Electric
Financing: Cash; Conventional
Furnished: Partially
Kitchen: First
Living Room: First
Lot Access: Private Road
Master Bathroom: First
Other: First
Parking Features: Driveway
Rooms: Bedroom; Full Bathroom; Kitchen; Living Room; Master Bathroom; Master Bedroom; Other
Sale Type: As Is
Showing: ShowingTime
Utilities: Electricity - Connected; Lift Station; Public Sewer - Connected; Public Water - Connected
Present Zoning: Resid Single Family
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Living Room | First | 15 x 10 | 15.00 | 10.00 | 15 x 10 |
| Kitchen | First | 15 x 10 | 15.00 | 10.00 | 15 x 10 |
| Bedroom | First | 9 x 8 | 9.00 | 8.00 | 9 x 8 |
| Full Bathroom | First | 8 x 4 | 8.00 | 4.00 | 8 x 4 |
| Master Bedroom | First | 9 x 10 | 9.00 | 10.00 | 9 x 10 |
| Master Bathroom | First | 5 x 10 | 5.00 | 10.00 | 5 x 10 |
| Other | First | 0 x 0 | 0.00 | 0.00 | 0 x 0 |
| Other | First | 0 x 0 | 0.00 | 0.00 | 0 x 0 |
Listing Office: Keller Williams Success Realty
Last Updated: October - 01 - 2025
Information deemed reliable but not guaranteed.