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2823 Susan Avenue, Panama City Beach, FL 32408
$672,000
2823 Susan Avenue, Panama City Beach, FL 32408View this property at 2823 Susan Avenue, Panama City Beach, FL 32408
2823 Susan AvenuePanama City BeachFL32408
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Property Description
Score instant equity in this new construction deal $70k under appraisal that makes for a perfect house hack, STR or LTR with numbers that pencil for multiple exit strategies! Buy one or both duplexes side by side on this newly developed dead end street. Thoughtful multi use ability with an interior door allowing access to both units to be rented separately as 3/2 or combined as 6/4 for THREE listings on AirBnb in each duplex, you can sleep up to TWENTY in each of these gorgeous homes! The LOCATION is street legal golf cart distance to the beach! NO HOA!! These properties feature peak-a-boo water views of the bay across the street in an up and coming neighborhood with new development all around. They border the high end residential community of The Preserve just past Bay Point Golf Course, and only minutes to white sandy beaches, marinas and popular restaurants like Captain Anderson's. A short drive to the new ball field and skate park, this location will be perfect for hosting large ball teams and multi-family functions. PCB has VERY limited inventory on properties this size and at this entry price you'll beat out all the competition with very low maintenance cost for years to come!An AirBnb superhost herself & experienced local builder, no guest comfort was overlooked in this thoughtful design with features like:Ample parking and turn ratios for RV's and all the water sports toysHigh end, modern construction with XL trim, black fixtures, and popular color schemesProbolt hurricane protection & foam insulation on roof deckExtra insulation within firewall interior walls for added sound deflectionImpact windows, high ceilings, & XL closets for luggageHigh end kitchen appliances, center island and open concept floor plan perfect for entertaining large groupsBuilder will work with savvy investor to completion for highest and best use in JV partnership if only purchasing one property OR to complete as requested for new buyer by adding:Florida Outdoor Lifestyle area with 12x24 ft. pool, hardscaping, pickleball / tennis court, 1 BR/ 1 BA game room & outdoor kitchen in a pole barn structure for 4 more occupants, & RV pad. If you purchase both side-by-side properties you can comfortably host FORTY-EIGHT people + two RV's with over $280k projected gross annually for two side-by-side properties!Additional details:Current Insurance cost - $3k / annuallyEstimated Taxes - $4500 / annuallyFlood Zone X (no flood insurance required)City SewerHuge Lots over 1/4 acreWater is metered together for both sides of the duplexElectric is metered separately for each side of the duplexesTermite Bond Estimates for highest & best use upgrades as STR available upon request.Irrigation and sprinkler system is in place - only a well needs to be added @ $3675 w/ electric
Full Property Details
Full Property Details for 2823 Susan Ave
General
- Sold For: $672,000
- Taxes: $953 (2023)
- Status: Closed
- Type: Duplex
- MLS ID: 752812
- Added to Site: 86 day(s) ago
Interior
- Interior Features: Storage
- Appliances: Dishwasher, Electric Cooktop, Electric Oven, Disposal, Ice Maker, Microwave, Refrigerator
- Furnishings: Unfurnished
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Location
- County: Bay
- Subdivision: Magnolia Beach 2nd Add
- Driving Directions: From Thomas Dr. turn left past Wells Fargo. Stay left onto Magnolia Beach Rd. Turn right onto West Ave. Turn left onto Lorraine St. Turn right onto Susan Ave. Properties are at the end of the cul-de-sac.
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Sewer Available, Water Available
Structural Information
- Architectural Style: Duplex
- Structure Type: Duplex
- Construction: HardiPlank Type
- Square Feet: 3,236
- Sq. Ft. Source: Appraiser
- Living Area: 3,236 Sq. Ft.
- Year Built: 2023
Lot Features
- Lot Size (Acres): 0.3
- Lot Size (Sq. Ft.): 12,981
- Lot Dimensions: 163' x 70'
Financial Considerations
- Tax Amount: $953
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Legal Description: MAGNOLIA BEACH 2ND ADD LOT 5 BLK I AND 1/2 OF AMANDONED ROW OF SUSAN AVE ORB 4660 P 320
- Property ID: 31363-005-000
Listed by EXP Realty LLC
Sold by Non-Member Office
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Schools
Schools serving 2823 Susan Ave
School District:Bay District Schools
Rating | Name | Grades | Distance |
---|---|---|---|
7400 Patronis Dr, P C Beach, FL 32408 | PK-5 | 2.6 mi | |
300 Nautilus St, P C Beach, FL 32413 | 6-8 | 8.5 mi | |
550 N Alf Coleman Rd, P C Beach, FL 32407 | 9-12 | 6.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2823 Susan Ave
Date
Details
Price
Change
Source
4/08/2024
Sold
$672,000
4.19%
MLS
3/15/2024
Price Reduced
$645,000
-1.53%
MLS
3/08/2024
Price Increased
$655,000
0.77%
MLS
2/14/2024
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2823 Susan Avenue, Panama City Beach, FL 32408 (MLS# 752812) is a Duplex property that was sold at $672,000 on April 08, 2024. Want to learn more about 2823 Susan 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.