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$2,750,000
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Property Description
Will divide and sell the west side separate. This Brand New Construction duplex with professional interior designs provides relaxing and charming ambience located a block from Beach Access 84 and 5 miles to extraordinary 30A with matching floor plans on each side. You can live in one side and either offer the other side as a short term vacation rental or long term rental. Both have individual fenced-in private natural gas heated pools complete with pergolas and outside showers. Rent both sides with a short term rental projection of up to $336,400-$368,600! Enter the first floor into a welcoming, attractive entryway. Bedroom #1 has two double beds over two Queen beds and private full bath with tub and shower. A laundry room and owner's closet are located in the hallway. This first level bedroom #2 has a pool view with King size bed, walk-in closet, custom wall murals with private en suite to include a full bath with shower. The bath provides a convenient entry door with access directly onto the pool area. This 2nd master bedroom contains a large closet, murals and master bath with rain shower and double vanity. Double doors open onto a covered porch with gulf views. The 3rd master bedroom has a large walk-in closet, custom murals and full bath with shower. The second floor also contains a bonus ''Zoom Room'' with single bed and work desk. Enter the third floor into an inviting open Dining, Kitchen and Family room. Stainless steel appliances include a built-in microwave, refrigerator-freezer, gas stove, electric oven and dishwasher. The shiplapped dining area provides seating for ten along with a beautiful island complete with seating for four. Double glass doors exit the kitchen providing a stunning panoramic gulf view opening onto a covered porch with a stainless steel natural gas grill. The third floor family area overlooks the pool. The home is equipped with an inside sprinkler system along with fire and carbon dioxide alarms and elevators that provide easy assess to the upper floors. If you are searching for a home with a ''don't want to leave'' feeling for you, your family or guests this is the place! The west side of the duplex is available to be bought separately. It is the responsibility of the buyer to verify all measurements.
Full Property Details
Full Property Details for 20724 1st Ave
General
- Price: $2,750,000
- Taxes: $12,987 (2024)
- Status: Active
- Type: Duplex
- Source: Bay_County
- MLS ID: 745066
- Updated: 12/23/2025
- Added to Site: 524 day(s) ago
Interior
- Number of Rooms: 14
- Interior Features: Instant Hot Water
- Appliances: ENERGY STAR Qualified Appliances, Electric Oven, Gas Cooktop, Ice Maker, Tankless Water Heater
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 10
- Full Bathrooms: 10
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Washer Hookup, Dryer Hookup
Additional Information
- Pool: Yes
- Pool Description: Fenced, Gunite, Gas Heat, In Ground, Pool
- Security/Safety: Carbon Monoxide Detector(s), Firewall(s), Fire Sprinkler System, Fire Alarm, Smoke Detector(s)
Exterior
- Exterior Features: Barbecue, Outdoor Shower
- Porch/Patio/Deck: Balcony, Covered, Porch
Location
- County: Bay
- Subdivision: Laguna Beach 7th Add
- Driving Directions: From the Front Beach Road roundabout travel west on Front Beach Road to Twin Lakes. Turn right and veer to your left to the front door of the duplex.
School Information
- Elementary School: West Bay
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Multi Units, Separate Meters
- Heating Type: Central, ENERGY STAR Qualified Equipment, Natural Gas
Utilities
- Sewer: Public Sewer
- Utility Description: Cable Connected, Electricity Available, High Speed Internet Available, Water Connected
Structural Information
- Architectural Style: Duplex
- Structure Type: Duplex
- Construction: HardiPlank Type
- Windows: Double Pane Windows, Storm Window(s), Tinted Windows
- Doors: Storm Door(s)
- Sq. Ft. Source: Listing Agent
- Year Built: 2023
Additional Structures
- Other Structures: Pergola
Lot Features
- Property View: Gulf, Lake
- Lot Dimensions: 55 x 110
- Lot Features: Sprinkler System, Paved
- Zoning: Resid Multi-Family
- Fencing (Description): Fenced, Privacy
Water Features
- Water Front: Yes
- Water View: Yes
Green Features
- Energy Efficient: Appliances
Financial Considerations
- Tax Amount: $12,987.42
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: LAGUNA BEACH ESTATES 7TH ADD LOT 3 BLK 30 ORB 4558 P 1238
- Property ID: 36872-010-000
Listed by Beach King Realty
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Schools
Schools serving 20724 1st Ave
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
West Bay Elementary School 14813 School Dr, Panama City Beach, FL 32413 | K-5 | 5.6 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 6 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 8.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 20724 1st Ave
Date
Details
Price
Change
Source
10/02/2023
Price Reduced
$2,750,000
-8.33%
MLS
8/10/2023
Listed
$2,999,999
156.41%
MLS
4/29/2022
Sold
$1,170,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 20724 1st Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,529
498%
$1,094,809
505%
2023
$2,264
116%
$181,060
99%
2021
$1,048
-38%
$90,959
-37%
2022
$1,677
60%
$145,000
69%
2021
$1,048
23%
$85,850
24%
2019
$855
29%
$69,361
48%
2018
$665
24%
$46,750
10%
2017
$536
-1%
$42,500
1%
2016
$539
—
$42,000
2%
2015
$541
—
$41,000
—
2014
$540
10%
$41,000
-2%
2013
$490
—
$42,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 20724 1st Ave
20724 First Avenue, Panama City Beach, FL 32413 (MLS# 745066) is a Duplex property with 8 bedrooms and 10 full bathrooms. 20724 First Avenue is currently listed for $2,750,000 and was received on August 11, 2024. Want to learn more about 20724 First Avenue? Do you have questions about finding other Duplex real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

