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Listing Courtesy Of:
Keller Williams Success Realty, Kelly Flanagan
Listing Sold By:
EXP Realty LLC
Local Realty Services Provided By:
Keller Williams Emerald Coast Realty
Overview
What It'll Cost
Neighborhood
Similar Homes
117 Rose Lane, Panama City Beach, FL 32413
6 Beds
5 Baths
117 Rose Lane, Panama City Beach, FL 32413
Estimation provided by Keller Williams Realty Inc.
6 Beds
5 Baths
Closed
Sold
Property Description
CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Grab a (Large) Piece of Olde Florida Charm While You Can! Nautical Rose offers a rare opportunity to own a beachside property with significant rental income potential. After the completion of a brand new massive heated saltwater pool in March 2024, the home generated $128k in net rent for 2024. With $157k already on the books for 2025, the home is on track to hit $175k+ in 2025. The current owner is successfully self-managing the property and is willing to continue managing for a smooth transition, including offering all previous guest and prospect lists.Located just half a block from Laguna Beach, one of the most private public beaches in the U.S., the property is also 8 minutes to Pier Park and Rosemary Beach. This large 0.21-acre lot is the biggest available this close to the beach.The home is nearly all concrete block, featuring 6 bedrooms (3 kings, 2 queens, 1 bunk), 4.5 baths, and ample space for 16 guests. Recent upgrades include a 35-foot heated saltwater pool (March 2024), a 7-person Monterey Premier hot tub (February 2023), and two renovated outdoor heated showers (March 2024). A new 5-ton Bosch heat pump (September 2024) and electrical upgrades throughout (August 2024) ensure the home is in top condition. Additional improvements include new septic pipes and septic Clean Out (December 2024). Home also has a whole home surge protector (2024). Brand new oversized washer/dryer (June 2024) & Installed 6th bedroom (August 2024)The sale includes everything on-site, from appliances and furniture to linens, pool table, and outdoor amenities making this a true turnkey investment.With a prime location, strong rental history, and all the upgrades in place, Nautical Rose is a perfect opportunity for investors looking to capitalize on the beach rental market.2025 (as of 2/1)$157.8k Total$153.7k Net Total$128.1k Total Rent Only
Property Details
Compare This Home
Overview
Property Type
Detached
Property Size
Year Built
1950
Days on Site
89 Days
HVAC
Ceiling Fan(s), Central, Fireplace(s), Central Air
Parking
Yes
Kelly Flanagan at Keller Williams Success Realty
Keller Williams Success Realty
SL3395533
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
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Estimated Monthly Payment
Purchase Price:
$1,230,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
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Price & Tax History
Date
Event
Price
12/20/2024
Listed
(+43.33% )
08/18/2022
Sold
(+44% )
03/26/2021
Sold
(+711.69% )
04/28/2017
Sold
(-65.78% )
03/31/2008
Sold
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
(+157.02% )
Land 287,355 +
Additions 475,004
2021
(+50.22% )
Land 171,741 +
Additions 226,530
2020
(+8.13% )
Land 116,242 +
Additions 84,244
2019
(+6.83% )
Land 97,750 +
Additions 85,078
2018
(+6.48% )
Land 82,333 +
Additions 85,913
2017
Land 70,000 +
Additions 86,747
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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Transit & Commute
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Car-Dependent
Walkable
Very Walkable
Kelly Flanagan at Keller Williams Success Realty
Keller Williams Success Realty
SL3395533
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