SHORT TERM RENTAL PROJECTIONS OF $65,000. The location of this duplex is absolutely amazing! Imagine the memories you'll have at the beach in this home! Located just steps from the beach access. Zoned for short term rentals, this duplex is the perfect investment property. Both units have 2 bedroom 2 bath. Each unit is thoughtfully designed with a spacious, open concept. Say goodbye to septic tanks! This duplex has both units tapped into public sewer. Enjoy the over-sized backyard after a long day at the beach and watch incredible sunsets or play yard games under the stars. Rent each unit separately to maximize the rental potential with this duplex! Or live in one side and enjoy the beach life while you rent the other side for additional income. This home is a sanctuary where you and your guests can create lasting memories!
Property Details
Property Features
Property Information:
Architectural Style: Duplex
Year Built: 2003
Living Area: 1,605 SqFt
Listing Office:
Office Name: Coldwell Banker Carroll Realty
Interior Features
Interior Information:
Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator
Interior: Split Bedrooms
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 4
Exterior Features
Parking Information:
Parking: Driveway
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: From Thomas Dr Go north on Biltmore and take a left on Beach Dr Home is on the left
Price Information
Listing Price Info
Price Summary:
List Price: $499,900
Price Per SqFt: $311/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Panama City, FL.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,562
Per Month
Principal & Interest
$2,495
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,565
Powered By
Advertisement
NMLS#3030
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
7
/10
Patronis Elementary School
7400 Patronis Dr
Distance between this listing and this school2.20 miles
Public District Grades KG-5
3
/10
Lucille Moore Elementary School
1900 Michigan Ave
Distance between this listing and this school3.95 miles
Public District Grades PK-5
1
/10
St. Andrew School at Oakland Terrace
2010 W 12th St
Distance between this listing and this school4.13 miles
Public District Grades PK-5
Nearby Schools
4
/10
Jinks Middle School
600 W 11th St
Distance between this listing and this school5.31 miles
Public District Grades 6-8
7
/10
Breakfast Point Academy
601 N Richard Jackson Blvd
Distance between this listing and this school5.48 miles
Public District Grades KG-8
10
/10
University Academy Sabl Inc
1980 Discovery Loop
Distance between this listing and this school6.15 miles
Public Charter Grades KG-8
Nearby Schools
7
/10
Rising Leaders Academy
1527 Lincoln Ave
Distance between this listing and this school4.33 miles
Public Charter Grades KG-12
7
/10
Bay Virtual Franchise
1515 June Ave
Distance between this listing and this school4.96 miles
Public District Grades KG-12
5
/10
Palm Bay Preparatory Academy 6-12
1104 Balboa Ave
Distance between this listing and this school4.98 miles
The neighbors living near this home have an average income of $41,776. Residents of Panama City, FL typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
This home is located at 5519-5521 Beach in Panama City Beach, FL and zip code 32408 in the Treasure Island Section One neighborhood. This 1,605 square foot home was built in 2003. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 03, 2024 and is currently priced at $499,900.
Panama City, FL housing market in October 2024 saw over 16 listings sold above listed price, more than 40 sold at listed price and over 138 sold below. The inventory of homes for sale in Panama City, FL between September 2024 and October 2024 decreased by 1.7%. Listings spent 77 days on the market in October 2024, and had a median list price of $339,477 during the same period.
From Rocket Homes Real Estate and based on county public records data.