214 Toledo Place, Panama City Beach, FL 32413

$1,785,000 Asking Price

5 beds
5 baths
3,245  sqft
Built in 2024

Unlock the potential of coastal real estate with 214 Toledo Place in Panama City Beach, FL, Laguna Beach. This property presents a lucrative investment opportunity, offering a blend of luxury amenities, prime location, and energy efficiency.With 3245 sq ft of heated/cooled space, this 3-story home features 5 bedrooms and 5 full bathrooms. Its close proximity to public beach access ensures high demand for short-term rentals, making it an attractive prospect for investors.Each aspect of this property has been carefully designed to maximize returns. From the balconies with water views to the oversized covered outdoor kitchen/entertaining space, every detail caters to the desires of vacationers seeking the ultimate coastal getaway.The outdoor kitchen is equipped with a 38'' built-in grill, outdoor ducted hood, ice-maker, mini-fridge, and sink, providing the perfect setting for al fresco dining and entertaining.Inside, premium features such as 10' ceilings, PGT Impact windows/doors, Carrera Marble tile, and Quartz countertops elevate the property's appeal, commanding premium rental rates. Energy efficiency is integrated into the construction with 2x6 framing, R-19 insulation, and a spray foamed roof deck, ensuring lower utility costs and a smaller environmental footprint.Custom touches, including 8' solid wood interior doors, wooden closet shelving, and low-profile mud-in HVAC grills, add a touch of luxury, while safety and convenience are ensured with a sprinkler/fire alarm system (short-term rental requirements) and a 2-car garage.For added convenience, the property boasts laundry rooms on both the 1st and 3rd floors, making it exceptionally practical for guests and maximizing rental appeal.For savvy investors, the inclusion of natural gas appliances (natural gas on-demand tankless water heater, natural gas 36'' kitchen range,natural gas 38'' built-in outdoor grill, natural gas pool heater), including a heated saltwater pool and outdoor shower, not only enhances the property's attractiveness but also reduces long-term operational costs.Fully furnished and move-in ready, this property offers immediate income potential. Don't miss out on this prime investment opportunity - schedule a showing today and capitalize on the thriving Panama City Beach rental market!

Features & Amenities

Interior

General:
Fireplace,Kitchen Island,Recessed Lighting
Appliances:
Dishwasher,Gas Range,Gas Water Heater,Microwave,Refrigerator,Range Hood
Laundry:
Washer Hookup,Dryer Hookup
A/C:
true, Central Air,Ceiling Fan(s),Electric,Multi Units
Heating:
true, Electric,Fireplace(s)
Fireplace:
Electric, Fireplace

Exterior

General:
Built-in Barbecue,Balcony,Outdoor Shower, Outdoor Kitchen
Style:
Coastal
Other Structures:
Outdoor Kitchen
Pool:
Gas Heat,In Ground,Private,Salt Water
Parking:
Driveway,Garage

Construction

Roofing:
Metal
General:
Frame, 3

Location

Originating MLS:
BCAR
County:
Bay

Lot

Zoning:
LAGUNA BEACH (7.02) BEG AT NLY COR OF LOT 7 ELY 71.49' S 51.58' WLY 84.71' N 49.86' TO POB AKA PT OF LOT 7 BLK 13 ORB 4677 P 1269, 37596-010-000
Fencing:
Fenced

Utilities

Utilities:
Natural Gas Connected,Water Connected

Financial

Source:
BCAR

This listing courtesy of:
Coldwell Banker Realty

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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