103 Deluna Place, PANAMA CITY BEACH

$6,675,000

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20 Beds
25 Baths
12,421 Sqft
0 Acre
10 Garages

Unlock a golden investment opportunity with this exclusive townhome development in the heart of Panama City Beach, Florida! Introducing a five-unit project that not only offers the allure of coastal living but also promises lucrative returns on your investment. Current projections are pushing up to 700k in potential rental revenue.Each townhome boasts 4 bedrooms and 4 bathrooms, providing spacious and luxurious accommodation for residents and guests alike. The open floor plan seamlessly connects living, dining, and kitchen areas, creating an inviting space perfect for both relaxation and entertainment.Embrace the allure of gulf views that grace each residence, offering a visual feast of the breathtaking surroundings. High-end GE Monogram appliances adorn the kitchens,elevating the culinary experience for residents and ensuring the appeal for potential renters. Current gross projections are

Solid core doors and vertical concrete construction add a touch of sophistication and privacy throughout, creating a sense of exclusivity in each unit. The heated community pool becomes a year-round attraction, enhancing the overall appeal for tenants seeking a resort-like experience.

For those with an eye on investment, the entire project offers an excellent opportunity for rental income. Strategically located across the street from the beach, these townhomes are poised to attract vacationers and long-term renters alike. Rental projections currently show this development could push up to $700,000 in potential rental revenue.

Parking is a breeze with a two-car garage for each unit, providing convenience for residents and adding to the property's overall desirability. Elevate the appeal further by offering the option for an elevator, ensuring accessibility for all potential tenants.

Seize the chance to own not just a single property but an entire investment project in one of Florida's most sought-after locations. With proximity to the beach, upscale amenities, and a focus on maximizing rental potential, these townhomes present a compelling investment package. Don't miss out on securing your stake in this coastal gem - schedule a comprehensive tour today and witness the potential returns awaiting you in this prime Panama City Beach development!

Essential Information

Status
Active
MLS® #
937525
Price
$6,675,000
Days On Website
153
Bedrooms
20
Bathrooms
25.00
Full Baths
20
Half Baths
5
Square Footage
12,421
Acres
0.00
Year Built
2023
Type
Residential
Sub-Type
Attached Single Unit
Style
Contemporary

Community Information

Address
103 Deluna Place
Area
Bay County
SubArea
2724 - Beach - West Central
Subdivision
DeLuna Place Townhomes
City
PANAMA CITY BEACH
County
BAY
State
FL
Zip Code
32413

Amenities

Parking Spaces
10
# of Garages
10
Has Pool
Yes

Amenities

Pets Allowed, Pool, Short Term Rental - Allowed

Utilities

Community Sewer, Community Water, Electric Available, Gas - Natural, Lift Station, Phone Available, TV Cable Available

Parking

Carport, Covered, Garage, Garage: Attached

Pool

Pool - Heated, Pool - In-Ground, Community

Interior

Heating
Heat: Central Electric
# of Stories
3

Interior Features

Floor Laminate, Floor Tile, Furnished - None, Kitchen Island, Lighting Recessed, Newly Painted, Owner's Closet, Washer/Dryer Hookup, Window Treatmnt None

Appliances

Cooktop, Dishwasher, Disposal, Fire Alarm/Sprinkler, Microwave, Oven:Self Cleaning, Range Hood, Refrigerator, Smoke Detector, Stove/Oven Dual Fuel, Warranty Provided

Cooling

A/C: Central Electric, Ceiling Fans

Exterior

Lot Description
Within 1/2 Mile Of Water
Roof
Block, Roof Composite Shingle
Construction
Frame

Exterior

Block, Concrete, Frame, Roof Composite Shingle, Siding EIFS

Exterior Features

Balcony, Fenced Lot-Part, Patio Covered, Pool - Heated, Pool - In-Ground, Sprinkler System

School Information

Elementary
WEST BAY
Middle
Surfside
High
ARNOLD

Additional Information

Days on Website
153
HOA Fees
0.00

Zoning

Commercial, Residential Multi-Family

Office

Scenic Sotheby's International Realty

Property History
Price Reduced from $7,175,000 to $6,675,000
Price Reduced from $7,425,000 to $7,175,000

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Listing information last updated on May 1st, 2024 at 6:15pm CDT.