Panama City - Beach Property For Sale #6432067

Wonderfully maintained 3Bd/3Ba home on 0.25 acre lot located in a quiet neighborhood North Lagoon Oaks. Home features major renovation in 2021, accompanied by a 1000+ sqft addition, creating a spacious 1870 sqft interior. Recent updates include the kitchen, master bedroom, main bathroom and new metal roof. The kitchen is equipped with SS appliances and open to the dining area. Being on Short-term rent program this home generated $54k in 2022 and about $40k in 2023. Long-term rented in 2024 for $2,900 made $34,800. Tenant is on month-to-month lease for $2,900 per month and would like to stay. A spacious 60+ft driveway at the front of the property and an additional 40ft driveway at the rear provides plenty of parking space. Additional features: RV parking with 50-amp electrical service and its own septic system, large pool with surrounding deck, laundry room with washer and dryer. Perfectly located only minutes away from the white sandy beaches of the Gulf of Mexico, the Navy base, St Andrews State Park, College, Pier Park, shopping, restaurants, and entertainment. Perfect as a primary residence, vacation home or as investment property! Flood zone X which means flood insurance is not required.