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129 Linda Marie Lane, Panama City Beach, FL 32407 (MLS # 746772)

Price $385,900
Status Active
Beds 2
Baths 3 Baths
Home size 1,436 sqft
Lot Size n/a
Days on Market 243
START EARNING INVESTMENT INCOME in just a few weeks with this TURN-KEY, FULLY FURNISHED property just 60 STEPS from the nearest pool! As a highly desirable 2-bedroom, 2.5-bathroom (plus BONUS ROOMS) END UNIT, 129 Linda Marie Lane is primed for substantial rental income. The property measures 1,436 sq ft according to its last appraisal and features a new (2023) HVAC unit. The kitchen features a Frigidaire refrigerator, dishwasher, and 5-burner gas stove. The GE washer and Kenmore dryer both convey with the sale as do the microwave and Mr. Coffee coffee maker, all utensils, pots, pans, and beach gear. There is LVP flooring in all three bedrooms hall, and stairs and tile in both full baths. PROPERTY HIGHLIGHTS INCLUDE--END-UNIT ADVANTAGE: This property enjoys added light, privacy, and a larger livable footprint due to its enclosed patio and balcony. The 18' x 7' patio give a terrific view of the community amenities while also offering private entertaining space. SPACIOUS LAYOUT: The open-concept living/dining/ kitchen gives ample room for relaxation. INCOME POTENTIAL: Positioned in the heart of Panama City Beach at the very popular Gulf Highlands townhome community, this property is estimated to yield a gross rental income of $45,000 - $50,000 annually, making it a lucrative investment (estimated to bring more than 10% of its purchase price in gross rental income). ACCESSIBLE FUN: The Gulf Highlands mini-golf course is conveniently located just outside your back door, providing endless entertainment for guests and family.RESORT-LIKE AMENITIES: Access one of the community's ELEVEN SWIMMING POOLS just five doors away, providing a resort-style experience for your guests. COMMUNITY PERKS: Tennis, shuffleboard, and pickleball round out the community attractions. There's even a community room located next to the BEACHFRONT SWIMMING POOL. PRIME LOCATION: Panama City Beach offers an array of amenities and nearby attractions to ensure a memorable stay for guests. Guests will appreciate the proximity to the local water park, trampoline jump, arcade, bowling alley, skating rink, and of course THE BEACH, easily accessible from Front Beach Road, Hutchinson Blvd., and Hwy 98. INVESTOR'S DREAM: Whether you're a seasoned investor or new to the short-term rental market, this property promises an attractive return on investment and an opportunity to build wealth through real estate. Act promptly to secure your piece of paradise and embark on a lucrative short-term rental venture. Contact your favorite investment-savvy agent today for more details and to schedule a viewing.
Property Type(s): Condo/Townhouse/Co-Op
Last Updated 4/4/2024 Tract Gulf Highlands Beach Resort
Year Built 1988 Community 03 - Bay County - Beach
County Bay

SCHOOLS

Elementary School Hutchison Beach
Jr. High School Surfside
High School Arnold

Price History

Prior to Oct 19, '23 $450,000
Oct 19, '23 - Nov 20, '23 $435,000
Nov 20, '23 - Jan 7, '24 $425,000
Jan 7, '24 - Jan 24, '24 $419,000
Jan 24, '24 - Apr 4, '24 $399,500
Apr 4, '24 - Today $385,900

Additional Details

AIR Ceiling Fan(s), Central Air
AIR CONDITIONING Yes
AMENITIES Maintenance Grounds, Pest Control, Trash
APPLIANCES Dishwasher, Dryer, Freezer, Gas Range, Microwave, Refrigerator, Washer
AREA 03 - Bay County - Beach
BUYER'S BROKERAGE COMPENSATION 3.00
CONSTRUCTION Stucco
HEAT Central
HOA DUES 948.82
INTERIOR Breakfast Bar, High Speed Internet, Storage
LOT 0
LOT DIMENSIONS 25 x 82
PARKING Additional Parking, Assigned, Parking Lot
POOL DESCRIPTION Community, In Ground
SEWER Public Sewer
STORIES 2
SUBDIVISION Gulf Highlands Beach Resort
TAXES 2820
UTILITIES Electricity Available, Sewer Available, Water Available
VIEW Yes
VIEW DESCRIPTION Pond
WATER Public
ZONING Resid Single Family

Location

 

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