204 3rd Street, Panama City Beach, FL 32413

$785,000 Asking Price

5 beds
4 baths
2,276  sqft
Built in 1997

With rental projections at $76,000 annually, this is a RARE opportunity to own 3 separate income-producing beach homes on an oversized 50x140 lot. Just a short walk from the private beach access, these homes are offered fully-furnished with strong rental history. All three homes combined to generate $83,000 in 2023 and have produced over $76,000 already in 2024 YTD. These homes have been nicely-renovated & come with all of their strong rental bookings in place for 2024/2025. Positioned just 10 minutes from 30A & 10 minutes from Pier Park, this property provides an unreal location. The property is ideal for investors who are looking for the best possible ROI. Rental projections, rental history, estimated expenses & net income projections are available by request. Reach out today to set up a showing.


Features & Amenities

Interior

General:
Fireplace Gas, Furnished - All, Renovated
Appliances:
Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer
A/C:
true, Wall/Window Unit(s), Ceiling Fan(s), Central Air

Exterior

General:
Patio Enclosed, Porch Screened
Style:
Beach House

Construction

General:
Roof Metal, Stucco, 1

Location

HOA Amenities:
500.0, Annually
Golf:
Beach
County:
Bay

Lot

Zoning:
Resid Single Family, 36500-000-000
View:
Gulf

Utilities

Utilities:
Electric, Public Water, Septic Tank, TV Cable

This listing courtesy of:
30A Escapes Realty, The Dixon Team

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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