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5519 Palm Way, Panama City Beach, FL 32408
$405,000
5519 Palm Way, Panama City Beach, FL 32408View this property at 5519 Palm Way, Panama City Beach, FL 32408
5519 Palm WayPanama City BeachFL32408
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Property Description
Discover the perfect investment opportunity with this charming duplex, boasting a desirable location that's just a leisurely stroll from the soft sandy shores. With one bedroom and one bathroom on each side, this property can be used in many ways: long term tenants, short term rentals, house hacking, or use one as a 2nd home while the other unit helps pay for the expenses. Unit A is was updated in 2018 and is currently rented month-to-month for $1400. The unit features LVP flooring, stainless steel appliances, and comes with the washer and dryer. Unit B just finished a remodel and features LVP flooring, new cabinets, quartz countertops, new appliances and custom trim throughout. Whether you're looking to grow your rental portfolio or secure a flexible coastal property that caters to multiple rental strategies, this duplex holds the key to an enviable lifestyle investment.
Full Property Details
Full Property Details for 5519 Palm Way
General
- Sold For: $405,000
- Taxes: $2,343 (2023)
- Status: Closed
- Type: Duplex
- MLS ID: 755409
- Added to Site: 31 day(s) ago
Rental Information
- Lease/Rent Term: Month To Month
Interior
- Interior Features: Breakfast Bar, Vaulted Ceiling(s)
- Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
- Furnishings: Unfurnished
- Flooring: Plank, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Exterior
- Exterior Features: Fence
- Porch/Patio/Deck: Open, Patio
Parking
- Parking Features: Driveway
Location
- County: Bay
- Subdivision: Biltmore Beach 1st Add
- Driving Directions: Heading south on Thomas from HWY 98, cross the Grand Lagoon Bridge. Turn right onto Trelawney Ave. Turn Right onto Treasure Circle. Turn Right onto Hilltop. Turn right onto Palm Way, then duplex will be on the right.
School Information
- Elementary School: Patronis
- 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), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Electricity Available, High Speed Internet Available, Septic Available, Trash Collection, Water Available
Structural Information
- Architectural Style: Duplex
- Structure Type: Duplex
- Construction: Frame, Stucco
- Square Feet: 1,216
- Sq. Ft. Source: Appraiser
- Living Area: 1,216 Sq. Ft.
- Year Built: 1983
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 5,489
- Lot Dimensions: 50 x 110
- Zoning: Resid Multi-Family, Resid Single Family
Financial Considerations
- Tax Amount: $2,343
- Tax Year: 2023
- Terms: Cash, Conventional, FHA
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Special Conditions: Listed As-Is
- Legal Description: BILTMORE BEACH 1ST ADD LOT 5 BLK G ORB 3981 P 2035
- Property ID: 32064-000-000
Listed by Re/Max By The Sea
Sold by Corcoran Reverie
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Schools
Schools serving 5519 Palm Way
School District:Bay District Schools
Rating | Name | Grades | Distance |
---|---|---|---|
7400 Patronis Dr, P C Beach, FL 32408 | PK-5 | 1.6 mi | |
300 Nautilus St, P C Beach, FL 32413 | 6-8 | 7.1 mi | |
550 N Alf Coleman Rd, P C Beach, FL 32407 | 9-12 | 5.2 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 5519 Palm Way
Date
Details
Price
Change
Source
4/30/2024
Sold
$405,000
1.25%
MLS
4/05/2024
Listed
$400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5519 Palm Way, Panama City Beach, FL 32408 (MLS# 755409) is a Duplex property that was sold at $405,000 on April 30, 2024. Want to learn more about 5519 Palm Way? 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.