20623 Front Beach Road Panama City Beach

$3,100,000

Detached

beds icon
5 BRS
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5 BA
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2,168 SQFT
acreage icon
0.14 ACRES

THIS IS A FLORIIDA COTTAGE THAT IS ON A VACATION RENTAL PROGRAM. NEW METAL ROOF LESS THAN TEN YEARS OLD, TRAVERTINE FLOORING THROUGHOUT THE HOUSE. THE HOUSE IS RENTAL READY BUT, THE REAL VALUE IS IN THE LAND. 60 FEET OF GULF FRONT! THE STRUCTURE CAN BE REMOVED AND A LARGE GULF FRONT HOUSE CONSTRUCTED AT LEAST 4-STORIES HIGH. THIS HOUSE IS A SINGLE STORY THAT WAS BUILT IN 1951. THE SELLERS SAY THEY ARE CURRENTLY NETTING AROUND $65 TO $70,000 IN RENT REVENUE ANNUALLY.

This listing is maintained by Coldwell Banker Carroll Realty.

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Real estate property information provided by Central Panhandle Association of REALTORS® (CPAR) and the Emerald Coast Association of REALTORS® (ECAR). 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. This data is deemed reliable but is not guaranteed accurate by the MLS. Vendor ID: 28322