103 Deluna Place, PANAMA CITY BEACH

$6,675,000

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
MLS® #937525
Price$6,675,000
Bedrooms20
Bathrooms25.00
Full Baths20
Half Baths5
Square Footage12,421
Acres0.00
Year Built2023
TypeResidential
Sub-TypeAttached Single Unit
StyleContemporary
StatusActive
Community Information
Address103 Deluna Place
AreaBay County
SubdivisionDeLuna Place Townhomes
CityPANAMA CITY BEACH
CountyBAY
StateFL
Zip Code32413
Amenities
Parking Spaces10
# of Garages10
Has PoolYes
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
HeatingHeat: Central Electric
# of Stories3
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 DescriptionWithin 1/2 Mile Of Water
RoofBlock, Roof Composite Shingle
ConstructionFrame
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
ElementaryWEST BAY
MiddleSurfside
HighARNOLD
Additional Information
HOA Fees0.00
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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Vendors Member Number : 28325

Listing information last updated on April 27th, 2024 at 11:45am CDT.