Listing photo for 214 Toledo Place, Panama City Beach, FL

214 Toledo Place,

Panama City Beach, FL

$1,865,000

Unlock the potential of coastal real estate with 214 Toledo Place in Panama City Beach, FL, Laguna Beach. This property presents a lucrative investment opportunity, offering a blend of luxury amenities, prime location, and energy efficiency.With 3245 sq ft of heated/cooled space, this 3-story home features 5 bedrooms and 5 full bathrooms. Its close proximity to public beach access ensures high demand for short-term rentals, making it an attractive prospect for investors.Each aspect of this property has been carefully designed to maximize returns. From the balconies with water views to the oversized covered outdoor kitchen/entertaining space, every detail caters to the desires of vacationers seeking the ultimate coastal getaway.The outdoor kitchen is equipped with a 38'' built-in grill, outdoor ducted hood, ice-maker, mini-fridge, and sink, providing the perfect setting for al fresco dining and entertaining.Inside, premium features such as 10' ceilings, PGT Impact windows/doors, Carrera Marble tile, and Quartz countertops elevate the property's appeal, commanding premium rental rates. Energy efficiency is integrated into the construction with 2x6 framing, R-19 insulation, and a spray foamed roof deck, ensuring lower utility costs and a smaller environmental footprint.Custom touches, including 8' solid wood interior doors, wooden closet shelving, and low-profile mud-in HVAC grills, add a touch of luxury, while safety and convenience are ensured with a sprinkler/fire alarm system (short-term rental requirements) and a 2-car garage.For added convenience, the property boasts laundry rooms on both the 1st and 3rd floors, making it exceptionally practical for guests and maximizing rental appeal.For savvy investors, the inclusion of natural gas appliances (natural gas on-demand tankless water heater, natural gas 36'' kitchen range,natural gas 38'' built-in outdoor grill, natural gas pool heater), including a heated saltwater pool and outdoor shower, not only enhances the property's attractiveness but also reduces long-term operational costs.Fully furnished and move-in ready, this property offers immediate income potential. Don't miss out on this prime investment opportunity - schedule a showing today and capitalize on the thriving Panama City Beach rental market!

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Facts & Features
MLS® # 755519
Price $1,865,000
Bedrooms 5
Bathrooms 5.00
Full Baths 5
Square Footage 3,245
Acres 0.08
Year Built 2024
Type Residential
Sub-Type Detached
Style Coastal
Status Active
Listing Office Coldwell Banker Realty
Community Information
Address 214 Toledo Place
Area 03 - Bay County - Beach
Subdivision Laguna Beach
City Panama City Beach
County Bay
State FL
Zip Code 32413
Amenities
Utilities Sewer Available, Water Available, Natural Gas Available
Features Landscaped
Parking Driveway, Garage
# of Garages 2
Garages Driveway, Garage
Is Waterfront No
Has Pool Yes
Pool Gas Heat, In Ground, Private, Salt Water
Interior
Interior Features Fireplace, Kitchen Island, Recessed Lighting
Appliances Microwave, Dishwasher, Gas Range, Gas Water Heater, Range Hood, Refrigerator
Heating Electric, Fireplace(s)
Cooling Central Air, Ceiling Fan(s), Electric, Multi Units
Has Basement No
Fireplace Yes
Fireplaces Electric
# of Stories 3
Exterior
Exterior Frame
Exterior Features Fence, Porch, Balcony, Outdoor Grill, Outdoor Shower
Lot Description Landscaped
Roof Metal
Construction Frame
School Information
Elementary West Bay
Middle Surfside
High Arnold
Additional Information
Date Listed April 10th, 2024
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Coldwell Banker Realty
Photo of Scott Gordon

Scott Gordon

Office: 850-898-1205
Cell: 850-532-4142

DISCLAIMER: IDX information is provided exclusively for consumers' 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 Source: Bay County Association Of REALTORS® Multiple Listing Service