316 El Reposo Place, Panama City Beach, FL 32413

$700,000 Asking Price

3 beds
1 bath
1,040  sqft
Built in 1961

Discover an outstanding opportunity with this beachside bungalow, ideally located in Laguna Beach's desirable west end. Just steps from the sand, this charming 2-bedroom, 1-bathroom home is set on an oversized 0.22-acre lot--three times the usual size--offering the rare option to build two additional homes on-site for expanded investment potential.The home welcomes you with a cozy screened-in porch, leading to well-maintained interiors that include sleek vinyl flooring, a spacious master bedroom, and an open-concept kitchen and dining area. Enjoy thoughtful features like the enclosed outdoor shower and a large workshop on a concrete slab in the backyard.Positioned close to local gems like Thomas Donut & Snack Shop and Carousel Supermarket, the property offers all the advantages of beachside living. Additionally, this listing is available alongside an adjacent property on Coronado Place, creating the option to secure a larger footprint for development. Embrace the chance to maximize your investment in one of Panama City Beach's hottest markets. Schedule a viewing today to explore the full potential of this beachside gem!

Features & Amenities

Interior

Appliances:
Dryer,Dishwasher,Electric Cooktop,Electric Range,Disposal,Microwave,Refrigerator,Washer
A/C:
true, Central Air,Ceiling Fan(s),Electric,Window Unit(s)
Heating:
true, Central

Exterior

General:
Porch,Patio, Workshop
Style:
Bungalow
Other Structures:
Workshop
Parking:
Detached Carport,Unpaved

Construction

Roofing:
Asphalt,Metal
General:
Vinyl Siding,Wood Frame

Location

Road/Access:
City Street
Originating MLS:
BCAR
County:
Bay

Lot

Zoning:
LAGUNA BEACH LOTS 7, 17 & 18 BLK 19 ORB 1212 P 1760 & 1761 ORB 712 P 264 ORB 2144 P 1295, 37774-000-000

Utilities

Utilities:
Electricity Connected

Financial

Source:
BCAR

This listing courtesy of:
LPT Realty LLC

About Panama City Beach, FL

Housing

Number of Units
31,896
Median Home Value
$306,279
Median Rent
$1,210

30.02% of housing units are renter occupied.

53.38% are vacant.

Commute

Car
67.14%
Public Transportation
0.62%
Walk to Work
0.22%
Work from Home
31.39%
Other
0.28%

The median travel time to work is 15 minutes.

People

Population
31,804
Median Age
46.00
Median Household Size
2.51

Education

High School
25.16%
Associate’s Degree
12.05%
Bachelor’s Degree
22.13%
Graduate Degree
12.21%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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