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Larell Paradise

larell.paradise@engelvoelkers.com +1(850) 775-7617

$ 1,698,000

Est. payment -/mo

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Open Sat 11AM-1PM

214 Toledo PL Panama City Beach, FL 32413

5 Beds

5 Baths

3,245 SqFt

OPEN HOUSE

Sat Dec 28, 11:00am - 1:00pm

UPDATED:

12/18/2024 11:31 PM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,245 sqft

Price per Sqft $523

Subdivision Laguna Beach

MLS Listing ID 755519

Style Coastal

Bedrooms 5

Full Baths 5

HOA Y/N No

Year Built 2024

Annual Tax Amount $896

Tax Year 2023

Lot Size 3,484 Sqft

Acres 0.08

Property Description

Unlock the potential of coastal real estate with 214 Toledo Place in Panama City Beach, FL, Laguna Beach. This property presents a lucrative investment opportunity, offering a blend of luxury amenities, prime location, and energy efficiency.With 3245 sq ft of heated/cooled space, this 3-story home features 5 bedrooms and 5 full bathrooms. Its close proximity to public beach access ensures high demand for short-term rentals, making it an attractive prospect for investors.Each aspect of this property has been carefully designed to maximize returns. From the balconies with water views to the oversized covered outdoor kitchen/entertaining space, every detail caters to the desires of vacationers seeking the ultimate coastal getaway.The outdoor kitchen is equipped with a 38'' built-in grill, outdoor ducted hood, ice-maker, mini-fridge, and sink, providing the perfect setting for al fresco dining and entertaining.Inside, premium features such as 10' ceilings, PGT Impact windows/doors, Carrera Marble tile, and Quartz countertops elevate the property's appeal, commanding premium rental rates. Energy efficiency is integrated into the construction with 2x6 framing, R-19 insulation, and a spray foamed roof deck, ensuring lower utility costs and a smaller environmental footprint.Custom touches, including 8' solid wood interior doors, wooden closet shelving, and low-profile mud-in HVAC grills, add a touch of luxury, while safety and convenience are ensured with a sprinkler/fire alarm system (short-term rental requirements) and a 2-car garage.For added convenience, the property boasts laundry rooms on both the 1st and 3rd floors, making it exceptionally practical for guests and maximizing rental appeal.For savvy investors, the inclusion of natural gas appliances (natural gas on-demand tankless water heater, natural gas 36'' kitchen range,natural gas 38'' built-in outdoor grill, natural gas pool heater), including a heated saltwater pool and outdoor shower, not only enhances the property's attractiveness but also reduces long-term operational costs.Fully furnished and move-in ready, this property offers immediate income potential. Don't miss out on this prime investment opportunity - schedule a showing today and capitalize on the thriving Panama City Beach rental market!

Location

State FL

County Bay

Community Other, See Remarks, Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Interior Features Fireplace, Kitchen Island, Recessed Lighting

Heating Electric, Fireplace(s)

Cooling Central Air, Ceiling Fan(s), Electric, Multi Units

Fireplaces Type Electric

Furnishings Furnished

Fireplace Yes

Appliance Dishwasher, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood

Laundry Washer Hookup, Dryer Hookup

Exterior

Exterior Feature Built-in Barbecue, Balcony, Outdoor Shower

Parking Features Driveway, Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Fenced

Pool Gas Heat, In Ground, Salt Water

Community Features Other, See Remarks, Short Term Rental Allowed

Utilities Available Natural Gas Connected, Water Connected

Roof Type Metal

Porch Balcony, Covered, Porch

Building

Lot Description Landscaped

Story 3

Architectural Style Coastal

Additional Building Outdoor Kitchen

Schools

Elementary Schools West Bay

Middle Schools Surfside

High Schools Arnold

Others

Senior Community No

Tax ID 37596-010-000

Security Features Fire Alarm,Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Coldwell Banker Realty

Larell Paradise

Advisor | License ID: 3471148

+1(850) 775-7617

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