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+18508146999
VIRGA REALTY, INC.
305 Petrel Street, Panama City Beach, FL 32413
- $359,900
- 3
- BD
- 2
- BA
- List Price
- $359,900
- Status
- ACTIVE
- MLS#
- 797134
- Subtype
- Residential
- Style
- Coastal
- Year Built
- 1985
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Lot Size
- 6,970
- Acres
- 0.16
- Subdivision
- Bid-A-Wee
- Neighborhood
- Beach - Middle Central
- MLS Area Major
- Bay County - Beach
Property Description
Flip opportunity Bid-a-wee. No short term rentals. Flooring, paint, landscaping, new HVAC, and possibly a new roof is all you need to get this live-in ready, probably less than $30,000 in remodeling costs. Kitchen has already been remodeled. List price on this property is $359,900 or $278.56 per square foot. Average list price in Bidawee for non-short term rentals is $473.65 per square foot. Average sale price in Bidawee, 12 month historical, non-short term rental is $349.62 per square foot. After Repair Value (ARV) - $349.62 x 1292 square feet = $451,709. There is $91,809.04 in margin before repairs. Do not use the property appraiser site purchase price as a baseline value for making your offer. This was a split family trust and the actual purchase price was significantly higher. Enjoy peaceful living in this 3-bedroom, 2-bath home featuring 1,292 square feet and no HOA. Located in the Bid-A-Wee/Seaclusion area, homeowners have access to five private gates and walkways. Just two miles from Pier Park, Topgolf, Dolly Parton's Pirates Adventure, and restaurants, this quiet location offers convenience while making a wonderful primary residence or second home. Weekly rentals are prohibited by Panama City Beach ordinance, not by Bid-A-Wee.
Additional Information
- Interior Features
- Main Level Primary, Tub Shower
- Exterior Features
- Covered Patio
- Community Features
- Bid a Wee
- Property Description
- Coastal
- Appliances
- Electric Cooktop, Electric Oven
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Stucco
- Roof
- Composition, Shingle
- Elementary School
- Hutchison Beach
- Middle School
- Surfside
- High School
- Arnold
Listing courtesy of Keller Williams Realty Emerald.