Homes for sale - 6035 E Highway 98, Panama City, FL 32404

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Carole Lea Gilman

clg@caroleleagilman.com +1(850) 814-6090

$1,150,000

Est. payment - /mo

2 Beds

2 Baths

0.75 Acres Lot

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Subdivision No Named Subdivision

MLS Listing ID 759541

Style Florida

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1949

Annual Tax Amount $2,208

Tax Year 2023

Lot Size 0.750 Acres

Acres 0.75

Property Sub-Type Single Family Residence

Property Description

Exceptionally Unique Bayfront Property with Tons of Investment Potential! Picturesquely situated on a 0.75-acre parcel with a gorgeous white sandy beaches and emerald waters, this rarely available property impresses with 6 rental units (four cottages and a duplex), along with a beautiful main home. Current gross income is $45,120 annually but that is without any income for the main home and one additional cottage that owner keeps vacant for friends, etc. Main home should easily rent for minimum $2000 per month and additional cottage $800-$1000, grossing over $79,000 annually as long term rentals. Mixed Use 2 (Parker) zoning. Approaching the property, you immediately notice the fabulous Floridian aesthetic with lavish verdant greenery, swaying palms, and multiple outdoor spaces. Lovingly owned by a devoted artist, the residences are adorned with whimsical touches, evoking an ethereal quality. Explore the 2+BR main home to discover an openly flowing layout, wood beamed ceilings, stunning wood accents, spacious living room with a wood burning fireplace and stone wall accent, elegant formal dining area, and an eat-in kitchen featuring a stainless-steel double oven and cooktop, ample cabinets, granite countertops, microwave, dishwasher, and a breakfast area. Each bedroom varies in size for versatile accommodations, while the two art studios and library satisfy a variety of lifestyle-specific flex space needs. Unlimited entertainment options abound in the scenic backyard. Fashioned with an enormous deck, the outdoor space beckons weekend barbeques, summer birthday bashes, or quiet morning meditations. Equally charming as it is captivating, the sandy beach is the ideal place to find blissful relaxation and memorable conversations with loved ones. So many watersports such as kayaking, paddleboarding, jet skis and so much more right from your own personal shoreline. The six rental units offer unlimited income potential either as long term rentals, or AirBNB. This property is also located right next to Tyndall Air Force Base offering another large opportunity for people needing a rental property. Additional considerations include available open parking areas at each rental and for the home as well as a 2 car detached garage for the home. laundry area, luminous atrium, custom pergola, all this just steps from Flyby Coffee and Pizzeria Napoli, near shopping, restaurants, schools, Under the Oaks Park, marinas, entertainment, and recreational areas, public boat ramp and so much more! Whether you are a savvy homebuyer or a seasoned investor, this incredible property delivers a multitude of possibilities for daily living and positive cashflow. Call now to schedule your private showing!
Rental Units:
Duplex = 2 units 1200 sq ft 3/2,
Cottage 1 516 sq ft 2/1,
Cottage 2 516 sq ft 2/1,
Cottage 3 516 sq ft 2/1,
Cottage 4 468 sq ft 2/1,
Main house 1736 sq ft bayfront plus 2 car garage.

Location

State FL

County Bay

Area 02 - Bay County - Central

Interior

Interior Features Additional Living Quarters, Atrium, Beamed Ceilings, Bookcases, Crown Molding, French Door(s)/Atrium Door(s), In-Law Floorplan, Split Bedrooms, Entrance Foyer

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s)

Flooring Luxury Vinyl Plank, Tile

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator

Exterior

Exterior Feature Balcony, Patio

Parking Features Detached, Garage

Garage Spaces 2.0

Garage Description 2.0

Utilities Available Electricity Available

Waterfront Description Bay Access,Shoreline - Sand,Shoreline - Natural,Waterfront

View Y/N Yes

Water Access Desc Bay Access,Shoreline - Sand,Shoreline - Natural,Waterfront

View Bay

Porch Balcony, Covered, Open, Patio, Porch

Building

Lot Description Waterfront, Paved

Architectural Style Florida

Additional Building Garage(s), Guest House, Pergola

New Construction No

Schools

Elementary Schools Tyndall

Middle Schools Rutherford Middle

High Schools Rutherford

Others

Tax ID 26192-000-000

Acceptable Financing Cash

Listing Terms Cash

Financing Conventional

Special Listing Condition Listed As-Is

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Listed by Coastal Choice Realty LLC

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Carole Lea Gilman

+1(850) 814-6090

Agent | SL3086106

Agent SL3086106

6035 E Highway 98 Panama City, FL 32404

Carole Lea Gilman

Key Details

Location

Interior

Exterior

Building

Schools

Others

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