Welcome to an exceptional investment opportunity at Laketown Wharf in Panama City Beach! This captivating 2-bedroom, 2-bathroom condo, complete with an additional bunk room, offers a proven track record, generating over $47, 000 in annual rental revenue. It's the perfect investment for both seasoned and new investors alike.This condo consistently delivers impressive income, making it a reliable asset for your investment portfolio. With Evolve Management handling all rental services, operations are hassle-free, ensuring you can enjoy your investment without the stress of day-to-day management.Tastefully decorated and meticulously maintained, this condo is ready for guests to enjoy. Its prime location directly across the street from the Gulf offers easy beach access and unobstructed lake views from the third floor. Guests can also take advantage of exceptional amenities, including five pools, a lakefront boardwalk, nightly fountain and light shows, a fitness center, putting green, and onsite dining options.Accommodating up to 10 guests, this condo offers two king-sized bedrooms, a bunk nook, and two sleeper sofas, making it ideal for vacationers. Recent upgrades include a new HVAC (2022), WIFI-controlled front door, Nest thermostat, front door camera, hot water heater, and more.The condo even comes with its own custom website for top-tier visibility and an established clientele, ensuring maximum rental potential. Whether you're seeking a vacation retreat or a lucrative investment property, this condo offers the best of both worlds.All information is deemed accurate but should be verified by the buyer and/or buyer's agent if important. Seize this opportunity to own a money-making machine in Panama City Beach!
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 12 x 14
- Primary Bedroom Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- BreakfastBar
- KitchenIsland
Appliances
- Dryer
- Dishwasher
- ElectricOven
- ElectricRange
- ElectricWaterHeater
- Disposal
- Microwave
- Refrigerator
- Washer
Other Rooms
Heating and Cooling
- Cooling Features: CentralAir, CeilingFans, Electric
- Heating Features: Central, Electric
- Heating: Yes
Kitchen and Dining
- Dining Room Dimensions: 20 x 15
- Dining Room Level: First
- Kitchen Dimensions: 11 x 9
- Kitchen Level: First
Exterior and Lot Features
- Balcony
- Patio And Porch Features: Balcony
Pool and Spa
Waterfront and Water Access
Land Info
Home Features
- View: Lake
- Security Features: SecurityService
Homeowners Association
- Association: Yes
- Association Amenities: BeachRights
- Association Fee: 2327
- Association Fee Frequency: Quarterly
- Association Fee Includes: CableTv, Insurance, LegalAccounting, MaintenanceGrounds, Pools, Security, Trash, Water
- Calculated Total Monthly Association Fees: 776
School Information
- Elementary School: Breakfast Point
- High School: Arnold
- Middle School: Breakfast Point
Rental Info
- Lease Expiration: 2024-11-15
Amenities and Community Features
- Community Features: Barbecue, Clubhouse, ConferenceMeetingRoom, Elevator, FitnessCenter, GameRoom, Pool, RecreationArea, Shopping, ShortTermRentalAllowed, Waterfront
Other Property Info
- Annual Tax Amount: 4978
- Source Listing Status: Active
- County: Bay
- Directions: Turn South on Thomas Drive, Laketown wharf is across from Pineapple Willy's
- Tax Year: 2023
- Source Property Type: Residential
- Property Subtype: condo
- MLS Area Minor: 0323 - Beach - South of Grand Lagoon
- Source Neighborhood: Laketown Wharf
- Parcel Number: 40001-000-070
- Postal City: Panama City Beach
- Subdivision: Laketown Wharf
- Zoning Description: Resort
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1262
- Year Built: 2008
- Entry Level: 3
- Living Area Source: Appraiser
- Property Age: 16
- House Style: HighRise
- Architectural Style: HighRise
Utilities
- CableConnected
- ElectricityConnected
- WaterConnected