$3,404,000
Panama City Beach, FL 32413
MLS# 782382
9660 sqft
1 / 40
Property Description
644 W Caladium Circle presents a rare, high-performing investment opportunity in a premier beachside location. This fully refreshed 26-unit complex features 22 studios, two 1BR/1BA units, and two 2BR/1BA units—each updated with new paint, composite flooring, modern fixtures, refreshed bathrooms, and upgraded appliances. A consistently strong occupancy rate ensures immediate Day-One cash flow, further enhanced by an income-producing onsite laundry facility that adds to overall revenue. Ideally positioned directly across from the Gulf with beach views and easy walkability to dining, shopping, Pier Park, Topgolf, and easy access to Dolly Parton's Pirates Voyage Dinner & Show, this property offers exceptional potential for both long-term and short-term rental strategies. With recent pricing adjustments, this coastal asset now delivers even greater value in one of PCB's most in-demand corridors.
Details
Maps
Contract Info
List Date: 2025-12-05
List Price: $3,404,000
List Price/SqFt: 352.38
Current Price: $3,404,000
Sub-Type: Multi-Family
Location
Area: 03 - Bay County - Beach
Street #: 644
Street Name: Caladium
Street Suffix: Circle
State: FL
Zip Code: 32413
County: Bay
Sub Area: 0318 - Beach - Central South
Subdivision: Open Sands
Community/Resort: None
Waterfront: No
Parcel ID: 33832-003-000 & 33832-001-000
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: From Hwy 79 take Front Beach Road East to Gulf. Take a left and building will be first one on the left.
Legal Description: OPEN SANDS (1.01) TRI PCL ADJ S LINE BLK A ORB 3898 P 1025 & OPEN SANDS LOTS 1 & 2 BLK A ORB 3898 P 1025
General Property Info
List Class: Apartment
Construction Status: Construction Complete
# of Units: 26
# of Stories in Building: 2
Acreage: 0.26
SqFt Tot Bldg: 9660
Year Built: 1982
Status Change Info
Status: Active
Multi-Family
# of Units: 26
Property Features
Sale Type: As Is
Waterview: Gulf
Listing Office: Luxe Coastal Realty Group LLC
Last Updated: December - 05 - 2025
Information deemed reliable but not guaranteed.