503 Albatross Street

Panama City Beach, FL 32413
$2,650,000
3945 sqft | 8 beds | 7.5 baths | 0.21 acres | #759527
For Sale

Description

Introducing 503 Albatross, an epitome of luxury and elegance nestled in the heart of Panama City Beach's coveted Bid-a-Wee community. This magnificent three-story masterpiece is not just a home; it's a gateway to a lifestyle marked by breathtaking Gulf views, unparalleled amenities, and an enviable proximity to a private, deeded beach access and the vibrant Margaritaville Resort.Designed with a discerning eye for detail, this sprawling 8-bedroom, 7.5-bath home exudes sophistication and comfort. Each floor has been meticulously crafted to offer ample space and privacy, making it ideal for large families or groups seeking a serene retreat. The third floor boasts a spacious family room complete with an oversized sectional, a foosball table, and stunning coastal furnishings that perfectly complement the home's elegant aesthetic.The heart of this home is its state-of-the-art kitchen, featuring top-of-the-line GE Cafe appliances and pristine quartz countertops. Custom trim and woodwork accentuate the space, creating an inviting environment for both casual meals and gourmet feasts. The open layout ensures that the kitchen flows seamlessly into the dining and living areas,making it perfect for entertaining.Step outside to discover your private haven. The expansive backyard is a paradise for outdoor enthusiasts, featuring an oversized saltwater pool, a sprawling patio, and ample seating areas for sunbathing or alfresco dining. The outdoor ping pong table and basketball games add a touch of fun for guests of all ages, ensuring every moment spent here is filled with joy. No detail has been overlooked in ensuring your comfort. Each bedroom is a sanctuary, offering ample space, cozy seating areas, and individual TVs. Dual washer and dryer sets on the second and third floors provide convenience, while the garage and drive offer parking for up to seven vehicles.This property is not only a dream home but also a lucrative investment opportunity. With short-term rentals allowed and a location in the highly popular Panama City Beach vacation market, projections indicate an impressive annual return of over $290K. The home's turn-key readiness, with elegant coastal furnishings and every conceivable amenity, ensures that it stands out in the rental market.Located just minutes from Pier Park, 30A and a short walk from your private deeded beach access, 503 Albatross places you at the heart of all that Panama City Beach has to offer. Whether you're seeking a tranquil escape or an active coastal lifestyle, this home provides the perfect balance of both.
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  • Property Details
      • Interior:Wet Bar, Breakfast Bar, Pantry
      • Bedrooms:8
      • Bathrooms:7.5
      • Full Baths:7
      • Half Baths:1
      • View:Gulf
      • Lot description:Cleared
      • Exterior materials:Balcony, Sprinkler Irrigation, Outdoor Shower, Patio, Columns, Rain Gutters
      • Acres:0.21
      • Square Feet:3945
      • Parking spaces:1
      • Property type:Purchase
      • Style:Coastal
      • Year built:2023
      • Utility features:Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected
      • Subdivision:Bid-A-Wee
      • Elementary School:Hutchison Beach
      • Middle School:Surfside
      • High School:Arnold
      • County:Bay
      • Days on Market (Cumulative):158
      • Taxes annual:$2, 593
      • Hoa fees:100
      • MLS #:759527
      • Cost:2650000
      • Property subtype:Detached
      • MLS #:759527

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Last Updated: . Source: CPAR

Listing Courtesy
Listing Agent: Clay Owens
Listing Office: Compass Florida, LLC

Tia BlumReal Estate Group
$
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Company

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Account

  • Roy F Furst

    Licensed Real Estate Broker

    Central Bay Realty

    Phone: (850) 257-5016

    Email: centralbayrealestate@gmail.com
    © 2024 Central Bay Realty & Property Management. All rights reserved.
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    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.