Incredible Investment Opportunity! Kitchen cabinets have been re-painted and are now white - see updated photos. This is as turn-key as it gets as this is being sold fully-furnished! Everything you see in the photos convey including TVs/furniture/linens, etc. Seller will transfer all future bookings to buyer upon sale. 1BR/2BA Lake-view condo at the beautiful Laketown Wharf Beach Resort. This 1047 sqft unit offers spectacular lake views from the 1st floor, sitting right above the boardwalk. Gross Rental Income 2021/$33, 543, 2022/$27, 882, 2023/$20, 757, and 2024 $18, 669 through August. Rental projections are right around $30-35k/annually. (Seller has been using the condo more over the last few years for personal use and family, thus the decline in GRI). Step into the coastal ambience of this beautifully themed condo with touches of rich blues, whites, and creams. Your kitchen gives ample space to cook up that delicious meal as you return home from the emerald coast waters and white sugary sands of the PCB coast, all just a few minutes walk, with convenient access for Laketown Wharf guests. Your kitchen features white cabinets and granite countertops. Nestled close by you can relax on your couch or loveseat, overlooking the boardwalk and lake below. Step outside to your private patio and be mesmerized each night by the fountain and light show dancing on the lake waters below, where restaurants and shopping line. Escape to your master suite with your ensuite master bath and soak your cares away in your personal tub. Master bath also includes dual vanities and shower/tub combo. You'll find dual bunk beds right next to your guest bath, also featuring a tub/shower combo with one sink. This unit sleeps 4 comfortably but can accommodate up to 6 people so it's perfect for large families and entertaining. Laketown Wharf Resort is in the heart of all the fun & excitement of Panama City Beach. Just steps away from the world's most beautiful white-sand beaches, shopping, dining and entertainment. Amenities include: convenient beach access, 5 unique pools, a kids fun-scape playground, Splash Bar & Grill, Gulf View Fitness Center & covered garage parking. Laketown Wharf Offers A Variety Of views Including The Gulf Of Mexico, Lake & Golf Course. Enjoy the nightly fountain & light show & market shops along the 52, 000 sqft Of Lakefront Boardwalk.
Property Features
Bedrooms
- Bedrooms: 1
- Primary Bedroom Dimensions: 11.0 x 13.0
- Primary Bedroom Level: First
Other Rooms
- Total Rooms: 5
- Bunk Room: 8.00 x 7.00
- Bunk Room Level: First
- Balcony: 19.00 x 8.00
- Balcony Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- Breakfast Bar
- Floor Tile
- Floor WW Carpet New
- Furnished - Some
- Kitchen Island
- Lighting Track
- Newly Painted
- Renovated
- Washer/Dryer Hookup
- Woodwork Painted
Appliances
- Dishwasher
- Disposal
- Dryer
- Fire Alarm/Sprinkler
- Microwave
- Refrigerator W/IceMk
- Smoke Detector
- Stove/Oven Electric
- Washer
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
- Heating: Yes
Kitchen and Dining
- Dining Room Dimensions: 17.0 x 18.0
- Dining Room Features: Dining/Living Combo
- Dining Room Level: First
- Kitchen Dimensions: 9.0 x 14.0
- Kitchen Level: First
Exterior and Lot Features
- Balcony
- BBQ Pit/Grill
- Deck Open
- Dock
- Hot Tub
- Patio Covered
- Patio Open
- Pavillion/Gazebo
- Pool - Heated
- Pool - In-Ground
- Shower
- Sprinkler System
Pool and Spa
- Pool Features: Community
- Pool Private: Yes
Waterfront and Water Access
Home Features
- View: Lake, Lagoon
- Energy: AC - Central Elect, Heat Cntrl Electric, Water Heater - Elect
Homeowners Association
- Association: Yes
- Association Fee: 2310
- Association Fee Frequency: Quarterly
- Association Fee Includes: Ground Keeping, Insurance, Land Recreation, Recreational Faclty, Security, Sewer, Water, Cable TV, Trash
- Calculated Total Monthly Association Fees: 770
School Information
- Elementary School: Breakfast Point
- High School: Arnold
- Middle School: Breakfast Point
Amenities and Community Features
- BBQ Pit/Grill
- Dock
- Dumpster
- Elevators
- Exercise Room
- Pavillion/Gazebo
- Pets Allowed
- Picnic Area
- Pool
- TV Cable
- Whirlpool
- Facilities: BBQ PitGrill2, Short Term Rental - Allowed, Dumpster, Pets Allowed2, Picnic Area, TV Cable3, Dock2, PavillionGazebo2, Elevators, Pool2, Whirlpool, Exercise Room
- Community Features: BBQ Pit/Grill, Dock, Dumpster, Elevators, Exercise Room, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, TV Cable, Whirlpool
Other Property Info
- Annual Tax Amount: 3337
- Source Listing Status: Active
- County: Bay
- Directions: Located at the Corner of Front Beach Road and S. Thomas Drive, Across from Pineapple Willy's
- Tax Year: 2023
- Source Property Type: Residential
- Area: 27 - Bay County
- Property Subtype: condo
- MLS Area Minor: 2723 - Beach - South of Grand Lagoon
- Source Neighborhood: Laketown Wharf Phase II
- Parcel Number: 40001-000-012
- Subdivision: Laketown Wharf Phase II
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1047
- Year Built: 2008
- Building Area Source: Condo Docs
- Building Area Total: 1047
- Building Exterior Type: Concrete, Foundation On Piling, Stucco
- Construction Materials: Concrete, Foundation On Piling, Stucco
- Property Age: 16
- Property Condition: Construction Complete
- Building Total Stories: 21
Utilities
- Electric
- Phone
- Public Sewer
- Public Water
- TV Cable