3910 Wasp St Panama City Beach, FL 32408

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Welcome to this incredible ONE-OF-A-KIND, SHORT-TERM RENTAL OASIS with a custom ISLAND STYLE POOL! This incredible turn-key, fully furnished short-term rental is a rare find - boasting 5-star reviews, no HOA or deed restrictions, and bookings nearly filled in 2025! A ONE-OF-A-KIND PROPERTY: Set on an oversized parcel combining two expansive lots, this property is a standout in the high-demand South Lagoon investor market. The showpiece of the estate is a custom-designed, island-style pool shaped like a giant fish, complete with a Jacuzzi, swim-up bar, water slide, and an outdoor tiki bar and grill. By night, the LED-lit pool transforms into a light and water show - an unforgettable space for guests and owners alike. SPACIOUS & STYLISH LIVING: The three-story, 4-bedroom, 3.5-bath home offers spacious, modern living areas and a seamless flow between indoor and outdoor entertaining. The ground-floor heated and cooled game room is a guest favorite, featuring a pool table, TV, games, and more - ensuring repeat business and happy visitors year after year. INCOME & INVESTMENT POTENTIAL: This property consistently generates $100,000-$200,000 in gross annual rental income, with even greater potential depending on personal use and booking availability. With no HOA restrictions, you're free to make this your private high-yielding rental retreat! ADDED PERKS: Behind the pool is a gated area with separate road access - perfect for storing an RV, boat, jet skis - OR - Building a separate 1-2 Bedroom Rental to generate even more Income! Its prime location places you minutes from boat ramps, Shell Island, St. Andrews State Park, the Gulf of Mexico, and all the local attractions, dining, and entertainment Panama City Beach is famous for. Don't Miss This Rare Opportunity! Schedule your private showing today and experience this South Lagoon paradise.