1 month on rocket

2832 Susan Ave, Panama City Beach, FL, 32408

$1,500,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
6 Full Baths
3,236 SqFt
$464/SqFt
Multi

Location

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2832 Susan Ave, Panama City$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingAdditional Parking, Gravel, Oversized, RV Access/Parking
Year Built2023
HeatingElectric
CoolingCentral Air, Ceiling Fan(s), Electric
MLS #763503
StatusActive

About 2832 Susan Ave

30% RETURN ON INVESTMENT!! Projected rental income at $252K yr! Welcome to your dream investment opportunity--a thoughtfully designed 6-bedroom, 4-bathroom fully furnished duplex offering unparalleled versatility. With an interior door connecting both units, you have the option to rent them separately as 3-bed, 2-bath units or combine them into a spacious 6-bed, 4-bath home. This multi-use setup allows for three potential Airbnb listings, in addition to a separate poolside studio featuring a loft king bed, full bathroom, and its own exterior access. Perfectly situated in a serene and private location with no HOA, this property offers the rare blend of luxury, functionality, and income-generating potential.The outdoor amenities are equally impressive. Enjoy the in-ground heated and chilled pool, complete with an outdoor shower and an additional bathroom for exterior guests' convenience. The resort-style backyard includes a refrigerator, sink, fans, dining area, gas firepit seating, beautiful string lights, and lounge chairs around the pool--creating an ideal space for relaxation and entertainment. The property also features a dedicated RV parking pad with electric and water hookups, ample parking for water sports toys, and a low-maintenance design, making it perfect for hosting large groups and multi-family gatherings.Located just 1/2 mile from the water, you'll be minutes away from white sandy beaches, marinas, and popular dining destinations. With PCB's limited inventory of large properties, this rare gem stands out, especially at such an attractive price point.Crafted by an experienced local builder and AirBnB Superhost, this property ensures no guest comfort is overlooked. The duplex features high-end, modern construction with XL trim, beautifully decorated, Probolt hurricane protection, and foam insulation for durability. Additional insulation within firewall interior walls provides excellent sound deflection, while impact windows, high ceilings, and oversized closets accommodate large groups and their luggage. The kitchens are equipped with high-end appliances and spacious center islands, perfect for entertaining.Practical details include separate electric meters for each side of the duplex, city sewer, shared water meter, irrigation, and an in-place termite bond. The property is located in Flood Zone X, meaning no flood insurance is required. Exciting new developments are coming to Panama City Beach! With popular venues like Top Golf, Tootsie's Orchid Lounge, and Dolly Parton's Pirates of the Caribbean attraction on the horizon, it's clear that big industries are investing heavily in this area. This influx of high-profile entertainment options signals significant growth and development for Panama City Beach, showing confidence in its future as a thriving hub for tourism and local business. These attractions not only promise to draw more visitors but also reflect the growing appeal and economic potential of the area. The investments being made highlight that Panama City Beach is on the rise as a major entertainment destination.Don't miss this opportunity to own a luxury retreat in one of the most desirable areas, complete with every amenity your guests could dream of!All information deemed reliable, please verify if important.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 2023
  • Living Area: 3,236 SqFt

Listing Office:

  • Office Name: Beach House Sales and Development

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Washer
  • Interior: Kitchen Island, Pantry, Recessed Lighting, Smart Thermostat, Instant Hot Water

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Built-in Barbecue, Deck, Sprinkler/Irrigation, Outdoor Kitchen, Outdoor Shower

Parking Information:

  • Parking: Additional Parking, Gravel, Oversized, RV Access/Parking

Virtual/3D Tour

  • 3D Tour: 2832 Susan Ave
3D Tour

Lot Features

Lot Information:

  • Lot: Cul-De-Sac

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Other

Directions Information:

  • Directions: From Thomas Dr. turn left past Wells Fargo. Stay left onto Magnolia Beach Rd. Turn right onto West Ave. Turn left onto Lorraine St. Turn right onto Susan Ave. Property at the end of the cul-de-sac on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $464/SqFt
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Housing Market Comparison

See how this home compares to others in Panama City, FL.

Med. Sold Price

$339.4K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

194

2832 Susan Ave vs Panama City

43 DAYS ON ROCKET

-34 Days

$1,500,000

+$1.1M More

$464/SqFt

+$262 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $262/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #763503

Listing Office:

  • Office Name: Beach House Sales and Development

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 1:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-307713
3
/10
  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 2.23 miles

  • Public District Grades PK-5

school-card-donut-307714
1
/10
  • St. Andrew School at Oakland Terrace

  • 2010 W 12th St

  • 2.31 miles

  • Public District Grades PK-5

school-card-donut-307715
7
/10
  • Patronis Elementary School

  • 7400 Patronis Dr

  • 2.52 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $117,120. Most Panama City, FL residents have annual incomes between $100k-200k. The majority of families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket Homes›Florida›Bay County›Panama City›32408›2832 Susan Ave

This home is located at 2832 Susan Ave in Panama City Beach, FL and zip code 32408 in the Magnolia Beach neighborhood. This 3,236 square foot home was built in 2023. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 09, 2024 and is currently priced at $1,500,000.

In October 2024 more than 16 listings in Panama City, FL were sold above the asking price. During the same period more than 40 listings were sold at asking price, while more than 138 were sold below. The number of listings in Panama City, FL decreased by 1.7% between September 2024 and October 2024. In October 2024 median list price was $339,477 and the average listing age was 77 days.

From Rocket Homes Real Estate and based on county public records data.

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