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VIRGA REALTY, INC.
13809 Bay Avenue, Panama City Beach, FL 32413
- $605,000
- 4
- BD
- 4
- BA
- Sold Price
- $605,000
- List Price
- $635,000
- Status
- CLOSED
- Closing Date
- Jun 15, 2026
- MLS#
- 785519
- Subtype
- Residential
- Style
- Duplex
- Year Built
- 1963
- Bedrooms
- 4
- Bathrooms
- 4
- Full Baths
- 4
- Subdivision
- Bid-A-Wee Beach
- Neighborhood
- Beach - Middle Central
- MLS Area Major
- Bay County - Beach
Property Description
PRICED TO SELL! Own a true piece of American history just steps from the sugar-white sands in the highly sought-after Bid-A-Wee Beach community of Panama City Beach. Originally constructed during the Cold War era as barracks housing for military personnel, this remarkable property blends historic character with modern-day investment potential--offering a story as special as the location itself. Situated on a rare double lot with two separate addresses, this is widely considered one of the premier parcels in Bid-A-Wee. The expansive homesite offers exceptional flexibility, including the potential to build two stunning three-story homes, create a multi-generational beach compound, or maximize returns with future development. Short-term rentals are allowed, and there is no HOA, making this an increasingly rare and valuable opportunity. The existing duplex features 4 bedrooms and 4 fully renovated bathrooms, with more than $70,000 in recent improvements. Each side lives like its own private residence--perfect for renting both for maximum income, occupying one side while renting the other, or holding as an investment while planning future construction. With projected rental potential reaching up to $100,000 annually, the income possibilities are substantial. Owners and guests enjoy exclusive private access to five gated Bid-A-Wee Beach entrances, just a short walk away, offering a quieter, more private beach experience reserved only for property owners and their guests. Whether you envision building signature beach homes, creating a legacy property, or securing a high-performing investment with immediate income, this is a once-in-a-generation opportunity to own one of Bid-A-Wee's most iconic and versatile properties.
Additional Information
- Interior Features
- Shower Only
- Community Features
- Bid a Wee
- Property Description
- Duplex
- Zoning
- Resid Multi-Family, Resid Single Family
- Appliances
- Electric Cooktop, Electric Range
- Air Conditioning
- Ceiling Fan(s), Window Unit(s)
- Exterior Construction
- Block
- Roof
- Metal
- Foundation
- Slab
- Parking
- Additional Parking
- Elementary School
- Hutchison Beach
- Middle School
- Surfside
- High School
- Arnold
Listing courtesy of Keller Williams Success Realty.
Selling Office: Counts Real Estate Group Inc.