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
Listing provided by EXP Realty LLC
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
This IDX solution is (c) Diverse Solutions 2024.
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