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Property Description

If you're looking for one of the highest cap rate investment returns along the Emerald Coast, you've found it! With $62K in gross rentals, this coastal gem generating a 12% cap rate in Calypso Towers III makes a compelling vacation rental investment property. Located on the 4th floor in PCB's newest high rise, this unit offers amazing gulf views and the ultimate in modern luxury. The largest 1B/2B plan with 1,074 square feet has incredible gulf views from both the master and living areas. This turnkey, fully furnished unit is the lowest priced and best value unit in this prime Front Beach Rd location.

A well-appointed kitchen with upgraded appliance package overlooks a spacious, light-filled living room with queen sleeper sofa. Private master ensuite with sitting room includes king bed and twin sleeper for extra sleeping. Second full bath with shower, stackable washer/dryer and owners closet located immediately upon entering the front door. This unit has extra privacy with elevator located just outside front door with a private entrance exclusively for you and your guests and easy access to parking garage. Conveniently located adjacent to popular shopping, dining, entertainment venues at Pier Park and along the emerald coast and walking distance to turquoise waters and sugar sand beaches of the Gulf. Amenities include a private pool, private cabanas, health club, onsite shop/eatery, private beach, and garage parking.

This turnkey unit is currently self-managed and sold fully-furnished. Sellers are motivated and ready to entertain offers. Buyer to verify all dimensions.

Overview

Property Status
Sold
Date Sold
December 13, 2022
MLS ID
903218
Property Type
Condo
Year Built
2020

Features & Amenities

Neighborhood
Watersound Origins
Architecture Styles
N/A
Water Frontage
Gulf
View Description
Gulf
Stories
23
Utilities
Electric, Public Sewer, Public Water, TV Cable
Pool
Pool Type
Parking
Garage
Heat Type
Central
Air Conditioning
Ceiling Fan(s), Central Air
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer
Other Interior Features
Breakfast Bar, Ceiling Crwn Molding, Elevator, Floor Tile, Furnished - All, Lighting Recessed, Pantry, Washer/Dryer Hookup, Window Treatment All
Other Exterior Features
Balcony, Cabana, Hot Tub, Patio Covered, Pool - Heated, Pool - In-Ground, Separate Living Area
Elementary School
Hutchinson Beach
Middle School
Surfside
High School
Arnold
Sales Price
$460,000
Real Estate Tax
$44/yr
HOA
$627/mo

Downloads

Open-plan condo kitchen and living room with sage-green cabinets and an ocean view from the balcony.

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

Thank you

for your interest in 15928 Front Beach Road, 404, Panama City Beach, FL 32413

15928 Front Beach Road, 404
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Watersound Origins

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Designed to be an environmentally sensitive development that blends in with the natural landscape of the area.

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    CallLynne Andrews

    License #SL3442861

    (404) 784-5606
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