15817 Front Beach Road 1-507, Panama City Beach

$475,000

1 Bed
2 Baths
841 Sqft
0 Acre
1 Garage

High-Performing Short-Term Rental Grossing over $50K in 2025 | Gulf-Front at Calypso Resort.

This is a turnkey Gulf-front 1-bedroom condo with hallway bunk beds and 2 full bathrooms located at Calypso Resort & Towers, one of the top-producing short-term rental resorts in Panama City Beach. This newly renovated unit offers direct Gulf views, a large private balcony, and overlooks Calypso's massive resort-style pool—features that consistently drive strong nightly rates and high occupancy.

The floor plan is intentionally designed for short-term rental success. The hallway bunk beds create an additional sleeping area, allowing the condo to accommodate more guests than a standard 1-bedroom and directly increasing rental demand and income potential. With two full bathrooms, the unit functions like a much larger condo in the eyes of vacation renters.

New luxury vinyl plank (LVP) flooring was just installed throughout, enhancing durability, aesthetics, and long-term rental performance. The unit is truly turnkey and ready to continue producing income immediately.

- Short-Term Rental Investment Highlights:
- Just over $50,000 in gross rental income in 2025
- Self-managed on Airbnb and VRBO
- Highly desirable bunk-bed floor plan that outperforms typical 1-bedroom units
- New LVP being installed throughout!

Location further amplifies rental demand. Calypso is adjacent to the Panama City Beach fishing pier and is the closest Gulf-front resort to Pier Park, putting guests within walking distance of PCB's most visited shopping, dining, and entertainment districtone of the strongest booking drivers in the market.

Whether you're looking for a cash-flowing Gulf-front short-term rental, a 1031 exchange replacement, or a low-maintenance investment with documented income, this condo checks every box.
Rare opportunity to own a proven, high-performing short-term rental at one of PCB's most in-demand resorts. Schedule your private showing today.

Essential Information
MLS® #973077
Price$475,000
Sold Price$450,000
Date Sold$2026-03-30
Bedrooms1
Bathrooms2.00
Full Baths2
Square Footage841
Year Built2006
TypeResidential
Sub-TypeCondominium
StyleN/A
StatusSold
Community Information
Address15817 Front Beach Road 1-507
Area27 - Bay County
SubdivisionCALYPSO RESORT & TOWERS
CityPanama City Beach
CountyBay
StateFL
Zip Code32413
Amenities
ParkingGarage
# of Garages1
ViewGulf
Is WaterfrontYes
WaterfrontGulf
Utilities

Community Sewer, Community Water, Electric

Interior
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
Interior Features

Breakfast Bar, Vaulted Ceiling(s), Hallway Bunk Beds, Owner's Closet, Washer/Dryer Hookup

Appliances

Cooktop, Dishwasher, Disposal, Dryer, Microwave, Washer, Electric Water Heater

Exterior
Exterior FeaturesBalcony
WindowsWindow Treatments
ConstructionConcrete, Stucco
School Information
ElementaryHutchinson Beach
MiddleSurfside
HighBay
Additional Information
Days on Website559
Listing Details
OfficeREV Realty
Property History
Price Reduced from $480,000 to $475,000
Price Reduced from $484,500 to $480,000
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DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 15th, 2026 at 6:07am CDT.