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Sold for $975,000
  • $975,000

    221 Lake Pl, Panama City Beach, FL 32413

    4beds
    2,189sqft
    Single Family Residence
    Built in 2023
    3,049 Square Feet Lot
    $949,300 Zestimate®
    $445/sqft
    $3,580 Estimated rent

    Home value

    $949,300

    $854,000 - $1.04M

    $3,580/mo

    Zestimate® history
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    What's special

    Private plunge pool
    'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Investors looking to make 1% of the purchase price in gross rentals, this should be in your future. Rental income projecting $120k+ per year in gross rents with thoughtful interior package. New construction with warranty! Furnishing package can be negotiated to make this property turn key. Submit all offers! Welcome to your dream beach retreat! This new construction stunning two-story home offers the ultimate coastal living experience. Enjoy the convenience of a quick walk to the beach, just three blocks away, where you can soak up the sun and surf to your heart's content. Relax and unwind in your private plunge pool, perfect for cooling off after a day at the beach or hosting intimate gatherings with friends and family. Take in the fresh salty air from the balcony while sipping your morning coffee or evening cocktail. Gather around the fire pit in the evenings for cozy conversations under the stars, creating memories that will last a lifetime. With four bedrooms and 2 1/2 bathrooms, there's plenty of space for everyone to spread out and feel at home. Parking is a breeze with space for three vehicles, ensuring that you and your guests always have a spot to park. Plus, the location couldn't be better - just 8 minutes to Pier Park for shopping, dining, and entertainment, and a short 10-minute drive to the charming community of Rosemary Beach 30A. This beach home isn't just a slice of paradise for vacationers - it's also an incredible opportunity for savvy investors. With its prime location and desirable amenities, this property is perfect for generating rental income and cash flow! Whether you're looking to rent it out short-term to beachgoers or as a long-term rental for residents, the potential for ROI is unmatched. Invest in the future of coastal real estate and secure your foothold in one of the most sought-after vacation destinations. Don't miss out on the opportunity to own this coastal oasis - call your favorite real estate agent to schedule your showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Amy L Killian 850-381-5249,

    Beachy Beach Real Estate

    Bought with:

    Christi R Duncan, SL3384993

    Beachy Beach Real Estate

    Source: CPAR,MLS#: 753589MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Bedroom, Primary Bedroom
    Primary bedroom
    • Level: Second
    • Dimensions: 17 x 16
    Bedroom
    • Level: First
    • Dimensions: 13 x 11
    Bedroom
    • Level: First
    • Dimensions: 13.6 x 11.4
    Bedroom
    • Level: First
    • Dimensions: 17 x 13
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Washer/Dryer Stacked, Electric Range
    • Laundry: Stacked
    Interior area
    • Total structure area: 2,189
    • Total interior livable area: 2,189 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage
    • Garage spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Balcony, Patio
    • Exterior features: Patio, Outdoor Shower
    • Pool features: In Ground, Pool
    • Fencing: Fenced
    Lot
    • Size: 3,049 Square Feet
    • Dimensions: 49' x 63'
    Details
    • Parcel number: 37943000000
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Coastal
    • Property subtype: Single Family Residence
    Condition
    • Year built: 2023
    Details
    • Warranty included: Yes

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Water Connected

    Community & HOA

    Community
    • Features: Short Term Rental Allowed
    • Subdivision: Laguna Beach
    HOA
    • Has HOA: No
    • Amenities included: Other, See Remarks
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $445/sqft
    • Tax assessed value: $148,750
    • Annual tax amount: $1,462
    • Date on market: 3/2/2024
    • Cumulative days on market: 198 days

    Price history

    DateEventPrice
    7/26/2024Sold$975,000-2%$445/sqft
    Source: CPAR #753589 Report a problem
    6/28/2024Contingent$995,000$455/sqft
    Source: CPAR #753589 Report a problem
    6/21/2024Price change$995,000-7.4%$455/sqft
    Source: CPAR #753589 Report a problem
    6/14/2024Price change$1,075,000-2.3%$491/sqft
    Source: CPAR #753589 Report a problem
    3/2/2024Listed for sale$1,100,000+685.7%$503/sqft
    Source: CPAR #753589 Report a problem
    9/23/2022Sold$140,000$64/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,687 +15.4%$128,587 +10%
    2023$1,462 +31.6%$116,897 +21.8%
    2022$1,110 $96,000
    2021-- --
    2020$663 +18.3%$44,349 +10%
    2019$560 $40,317 +10%
    2018$560 +12.2%$36,652 +10%
    2017$499 +18.9%$33,320 +6.5%
    2016$420 +4%$31,280 +2.2%
    2015$404 $30,600
    2014$404 $30,600
    Find assessor info on the county website

    Neighborhood: 32413

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: West Bay
    • 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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    $949,300
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    With Zillow Showcase(estimated)
    $968,286