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For sale
  • $2,099,000

    10609 Parkhill Cir, Panama City Beach, FL 32407

    13beds
    6,856sqft
    : 
    $12,656/mo
    Get pre-qualified
    Triplex, Multi Family
    Built in 2020
    -- sqft lot
    $-- Zestimate®
    $306/sqft
    $-- HOA

    What's special

    Modern coastal finishesPrivate entrancesLaid-back beach vibeTurquoise watersWhite sandy beachesIndividually themed unitsVibrant exterior doors
    * 5 Doors from the Shore - Invest in Style & Income!* Investor's dream in Panama City Beach! This exceptional turnkey rental package includes a beautifully designed triplex and duplex, sold together and fully furnished for immediate income generation. Built in 2020, the triplex offers over 4,000 square feet of thoughtfully planned space, featuring 9 bedrooms and 9 bathrooms across three individually themed units: The Beach Cabana, The Groovy Shack, and Welcome to Paradise. Each unit is uniquely styled to provide guests with a one-of-a-kind, Instagram-worthy experience, complete with private entrances, vibrant exterior doors, and modern coastal finishes that capture the laid-back beach vibe. The adjoining duplex adds another 2,800 square feet of living space, offering 4 bedrooms and 6 bathrooms across two distinct units: The Surf House and The Tropical House. Like the triplex, these units continue the playful, curated design aesthetic and are optimized for maximum guest appeal and rental performance. Every unit has been thoughtfully furnished and is fully equipped, making this a true plug-and-play investment opportunity. Guests will love the short walk to the Gulf, where they can enjoy white sandy beaches and turquoise waters—making these rentals even more attractive in Panama City Beach's thriving vacation market. With strong rental history and impressive income (figures available upon request), this property is already a high-performing asset with even more room to grow. Plans are in place for a 3-bedroom townhouse to be added on the west side of the lot, offering future expansion potential and additional income opportunities. Located just minutes from popular dining, shopping, and entertainment, this property package delivers the perfect combination of location, lifestyle, and long-term value. Whether you're looking to expand your portfolio or break into the short-term rental space, this opportunity checks all the boxes.
    492 days
    |
    240
    |
    22
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kristen Counts Barr 850-832-3728,

    Counts Real Estate Group Inc

    Source: CPAR,MLS#: 772255MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 13
      • Bathrooms: 15
      • Full bathrooms: 15
      Rooms
      • Room types: Bedroom, Kitchen, Living Room
      Bedroom
      • Description: Triplex
      • Level: Second
      • Dimensions: 14.08 x 10.91
      Bedroom
      • Description: Duplex
      • Level: Second
      • Dimensions: 14.08 x 12.47
      Bedroom
      • Description: Triplex
      • Level: Second
      • Dimensions: 14.08 x 10.91
      Bedroom
      • Description: Duplex
      • Level: Second
      • Dimensions: 10.13 x 13.92
      Bedroom
      • Description: Triplex
      • Level: Second
      • Dimensions: 10.95 x 12.83
      Bedroom
      • Description: Triplex
      • Level: First
      • Dimensions: 12.69 x 10.32
      Bedroom
      • Description: Triplex
      • Level: Second
      • Dimensions: 10.95 x 12.83
      Bedroom
      • Description: Triplex
      • Level: First
      • Dimensions: 12.69 x 10.32
      Kitchen
      • Description: Triplex
      • Level: First
      • Dimensions: 10.92 x 16.35
      Kitchen
      • Description: Duplex
      • Level: First
      • Dimensions: 10.99 x 19.21
      Living room
      • Description: Duplex
      • Level: First
      • Dimensions: 15.9 x 14.03
      Living room
      • Description: Triplex
      • Level: First
      • Dimensions: 12.76 x 17.28
      Living room
      • Description: Triplex
      • Level: First
      • Dimensions: 12.76 x 17.28
      Heating
      • Electric
      Cooling
      • Ceiling Fan(s)
      Appliances
      • Included: Electric Range, Electric Water Heater
      Interior area
      • Total structure area: 6,856
      • Total interior livable area: 6,856 sqft

      Property

      Parking
      • Parking features: Gravel
      Features
      • Levels: Two
      • Stories: 2
      • Fencing: Fenced
      Lot
      • Size: 0.35 Acres
      • Dimensions: 150 x 101
      • Features: Paved
      Details
      • Parcel number: 34980000000
      • Zoning description: Resid Multi-Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex, Multi Family
      • Attached to another structure: Yes
      Materials
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2020

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Cable Connected, Electricity Available

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Subdivision: No Named Subdivision
      HOA
      • Has HOA: No
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $306/sqft
      • Tax assessed value: $409,138
      • Annual tax amount: $4,706
      • Date on market: 4/21/2025
      • Cumulative days on market: 461 days
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,479/mo

        Price history

        DateEventPrice
        7/9/2026Price change$2,099,000-10.7%$306/sqft
        Source: CPAR #772255 Report a problem
        1/3/2026Price change$2,350,000-6%$343/sqft
        Source: CPAR #772255 Report a problem
        8/18/2025Price change$2,499,0000%$364/sqft
        Source: ECAOR #974700 Report a problem
        8/16/2025Price change$2,499,999-7.4%$365/sqft
        Source: CPAR #772255 Report a problem
        7/10/2025Price change$2,699,000-8.5%$394/sqft
        Source: CPAR #772255 Report a problem
        6/10/2025Price change$2,950,000+0%$430/sqft
        Source: ECAOR #974700 Report a problem
        6/4/2025Price change$2,949,000-4.7%$430/sqft
        Source: CPAR #772255 Report a problem
        4/21/2025Listed for sale$3,095,000+1564.9%$451/sqft
        Source: CPAR #772255 Report a problem
        8/25/2005Sold$185,900$27/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,706 +4.2%$354,441 +10%
        2023$4,517 +27.5%$322,219 +10%
        2022$3,542 $292,926
        2021-- --
        2020$3,039 +6.8%$240,614 +2.5%
        2019$2,845 $234,641 +9.1%
        2018$2,845 +6.3%$215,137 -0.4%
        2017$2,676 +6.8%$216,017 -0.9%
        2016$2,504 -5.8%$217,916 -1.7%
        2015$2,657 $221,714 -0.8%
        2014$2,657 $223,614 -3.6%
        2013-- $231,888
        2012-- $231,888 -13.8%
        2011-- $269,109 -2.7%
        2010-- $276,650 -6.8%
        2009-- $296,736 -9.6%
        2008-- $328,073 -1.1%
        2007-- $331,643 +22.6%
        2006-- $270,579 +20%
        2005-- $225,461 +52%
        2004-- $148,347
        2003-- $148,347 +5.1%
        2002-- $141,114
        2001-- $141,114 +13.8%
        2000-- $124,053
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32407

        Getting around

        52 / 100
        Somewhat Walkable
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Hutchison Beach
        • Middle: Surfside
        • High: Arnold

        Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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