ParkingAttached, Driveway, Garage, Garage Door Opener, Paved
Attached Garage1 space
Year Built2023
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
ViewGulf
Private PoolYes
MLS #759527
Lot Size0.21 Acres
StatusActive
About 503 Albatross St
Introducing 503 Albatross, an epitome of luxury and elegance nestled in the heart of Panama City Beach's coveted Bid-a-Wee community. This magnificent three-story masterpiece is not just a home; it's a gateway to a lifestyle marked by breathtaking Gulf views, unparalleled amenities, and an enviable proximity to a private, deeded beach access and the vibrant Margaritaville Resort.Designed with a discerning eye for detail, this sprawling 8-bedroom, 7.5-bath home exudes sophistication and comfort. Each floor has been meticulously crafted to offer ample space and privacy, making it ideal for large families or groups seeking a serene retreat. The third floor boasts a spacious family room complete with an oversized sectional, a foosball table, and stunning coastal furnishings that perfectly complement the home's elegant aesthetic.The heart of this home is its state-of-the-art kitchen, featuring top-of-the-line GE Cafe appliances and pristine quartz countertops. Custom trim and woodwork accentuate the space, creating an inviting environment for both casual meals and gourmet feasts. The open layout ensures that the kitchen flows seamlessly into the dining and living areas, making it perfect for entertaining.Step outside to discover your private haven. The expansive backyard is a paradise for outdoor enthusiasts, featuring an oversized saltwater pool, a sprawling patio, and ample seating areas for sunbathing or alfresco dining. The outdoor ping pong table and basketball games add a touch of fun for guests of all ages, ensuring every moment spent here is filled with joy. No detail has been overlooked in ensuring your comfort. Each bedroom is a sanctuary, offering ample space, cozy seating areas, and individual TVs. Dual washer and dryer sets on the second and third floors provide convenience, while the garage and drive offer parking for up to seven vehicles.This property is not only a dream home but also a lucrative investment opportunity. With short-term rentals allowed and a location in the highly popular Panama City Beach vacation market, projections indicate an impressive annual return of over $290K. The home's turn-key readiness, with elegant coastal furnishings and every conceivable amenity, ensures that it stands out in the rental market.Located just minutes from Pier Park, 30A and a short walk from your private deeded beach access, 503 Albatross places you at the heart of all that Panama City Beach has to offer. Whether you're seeking a tranquil escape or an active coastal lifestyle, this home provides the perfect balance of both.
Property Details
Property Features
Property Information:
Architectural Style: Coastal
Year Built: 2023
Living Area: 3,945 SqFt
Listing Office:
Office Name: Compass Florida, LLC
Interior Features
Interior Information:
Appliances: Bar Fridge, Dryer, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Washer
Parking: Attached, Driveway, Garage, Garage Door Opener, Paved
Lot Features
Lot Information:
Lot: Cleared
Lot Size: 0.21 Acres
Utilities
Utilities Information:
Heating: Central, Electric
Cooling: Central Air, Ceiling Fan(s), Electric
Other
Directions Information:
Directions: From the intersection of Front Beach Road and Albatross Street, proceed north on Albatross Street. In 700 feet, the destination will be on your right.
Price Information
Listing Price Info
Price Summary:
List Price: $2,850,000
Price Per SqFt: $722/SqFt
HOA Fees:
Amount: $100
Frequency: Annually
Tax Information:
Annual Amount: $1,556
Tax Year: 2020
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Hutchison Beach Elementary School
12900 Hutchison Blvd
Distance between this listing and this school0.66 miles
Public District Grades KG-5
7
/10
Patronis Elementary School
7400 Patronis Dr
Distance between this listing and this school5.46 miles
Public District Grades KG-5
7
/10
West Bay Elementary School
14813 School Dr
Distance between this listing and this school6.03 miles
Public District Grades KG-5
Nearby Schools
6
/10
Surfside Middle School
300 Nautilus St
Distance between this listing and this school0.54 miles
Public District Grades 6-8
7
/10
Breakfast Point Academy
601 N Richard Jackson Blvd
Distance between this listing and this school2.39 miles
Public District Grades KG-8
10
/10
University Academy Sabl Inc
1980 Discovery Loop
Distance between this listing and this school9.85 miles
Public Charter Grades KG-8
Nearby Schools
5
/10
J.R. Arnold High School
550 N Alf Coleman Rd
Distance between this listing and this school2.09 miles
Public District Grades 9-12
7
/10
Rising Leaders Academy
1527 Lincoln Ave
Distance between this listing and this school9.50 miles
Public Charter Grades KG-12
1
/10
Central High School
1250 W 17th St
Distance between this listing and this school10.10 miles
The neighbors living near this home have an average income of $68,405. Typical income of Panama City Beach, FL residents is between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 503 Albatross St
What is the listing price of this property?
The listing price of 503 Albatross St property is $2,850,000.
What type of property is this?
The property 503 Albatross St is a house located in Panama City Beach, Florida, 32413.
Is this property for sale now?
Active Listing: 503 Albatross St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,556 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 24, 2020 for $180,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 503 Albatross St has 8 bedrooms and 7 full and 1 half bathrooms.
What is the square footage of this property?
The property 503 Albatross St is 3,945 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 503 Albatross St is 2023.
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This home is located at 503 Albatross St in Panama City Beach, FL and zip code 32413 in the Bid-a-wee Beach neighborhood. This 3,945 square foot home, which was built in 2023, sits on a 0.21 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since July 11, 2024 and is currently priced at $2,850,000.
In October 2024 more than 5 listings in Panama City Beach, FL were sold above the asking price. During the same period more than 25 listings were sold at asking price, while more than 99 were sold below. The inventory of homes for sale in Panama City Beach, FL between September 2024 and October 2024 increased by 0.4%. In October 2024, listings were on the market for 104 days. During the same period, the median list price in this real estate market was $464,783.
From Rocket Homes Real Estate and based on county public records data.
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.
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