$482,000
Panama City Beach, FL 32408
MLS# 770166
2 beds | 2 baths | 1074 sqft
1 / 45
Property Description
TRUE TURNKEY short-term rental condo, beachfront, fully renovated and ready for an investor to take over. RENTAL MACHINE with NET rentals of $73K in 2024 and pacing above that for 2025. We post NET rentals, vs. industry standards to post gross, which include fees and taxes. When including those, gross rentals for this unit were +90K in 2024. Can provide receipts. The unit is almost fully booked through June and bookings could pass along to the buyer. Owner self-manages this unit plus 6 other properties in the area with excellent results all around. Owner can offer property management for the buyer if interested. Selling due to a personal situation that requires cash ASAP. Buyer to verify measurements as needed.
Details
Maps
Contract Info
Status: Active
List Date: 2025-03-11
List Price: $482,000
List Price/SqFt: 448.79
Current Price: $482,000
Location
Area: 03 - Bay County - Beach
Street #: 6505
Street Name: Thomas 505
Street Suffix: Drive
Unit #: 505A
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 - Beach - South of Grand Lagoon
Subdivision: The Summerhouse Of P.C. I
Community/Resort: None
Waterfront: Yes
Gulf Access: No
Parcel ID: 30585-649-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Right on Thomas Dr. at 6505, Beachfront building
Legal Description: THE SUMMER HOUSE OF P.C. ONE CONDO UNIT 505 2BR 2B 1015 H&C ORB 978 P 1178 . ORB 3979 P 1819
General Property Info
Sub-Type: Condominium
Floor Number: 5
Design: N/A
Apx SqFt(Htd/Cooled): 1074
SqFt Source: An Appraiser
Bedrooms: 2
Full Baths: 2
Total Baths: 2
Year Built: 1984
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Pool: Yes
Pool Type: Community
Property Features
Appliances: Cooktop - Electric; Dishwasher; Dryer; Freezer; Ice Maker; Microwave; Oven - Electric; Range - Electric; Refrigerator; Trash Compactor; Washer/Dryer Stacked; Water Heater - Electric; Other
Master Bedroom: First
Bedroom: First
Cooling: Central Air
Heating: Central; Electric
Exterior: Balcony
Association Fees Include: Game Room; Internet Service; Pool; Security; Water
Financing: Other
Furnished: Furnished
Interior: Smart Thermostat
Kitchen: First
Living Room: First
Lot Access: Paved Road
Pool Features: Inground
Security Features: 24 Hour Security
Parking Features: Parking Lot
Rooms: Bedroom; Kitchen; Living Room; Master Bedroom
Sale Type: As Is
Utilities: Electricity - Connected
Waterfront Type: See Remarks
Waterview: Gulf
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Master Bedroom | First | 13 x 12 | 13.00 | 12.00 | 13 x 12 |
| Bedroom | First | 13.6 x 11 | 13.60 | 11.00 | 13.6 x 11 |
| Kitchen | First | 11.6 x 8 | 11.60 | 8.00 | 11.6 x 8 |
| Living Room | First | 18 x 12 | 18.00 | 12.00 | 18 x 12 |
Listing Office: HomeCoin.com
Last Updated: October - 07 - 2025
Information deemed reliable but not guaranteed.