120-124 Deluna Pl, Panama City Beach, FL 32413
- $672,800
- List Price
- $672,800
- Price Change
- ▼ $2,200 1784669155
- Days on Market
- 60
- MLS#
- 1004164
- Status
- ACTIVE
- Type
- Land
- Subtype
- Unimproved Land
- Lot Size
- 10,018
- Neighborhood
- Beach - West Central
Property Description
RARE WEST END DEVELOPMENT OPPORTUNITY! Attention Builders and Investors, Lock in these buildable home lots for $672,800. today. R2 zoning allows you to build 3 homes across these parcels, your land cost drops to an unbeatable $224,266 per house lot! No HOA: Complete architectural freedom to build high-occupancy Airbnb/VRBO floor plans with no architectural review committee. Water Views: Vertical layouts capture overlapping views of the Gulf and the adjacent natural pond. Public Sewer Access: Skip the five-figure costs and footprint limits of coastal septic systems. Easy walking/golf-cart distance to the beach, the Carousel, and Thomas Donut & Snack Shop. Secure the bundle today and maximize the best pro-forma per-door land price on the West End. Proof of funds or builder pre-approval required. Short-term seller financing considered for qualified buyers. The Shovel-Ready Margin Potential: All-In Cost: ~$1.63M (Includes $672,800 land, $910,000 build budget for ~3,500 total sq ft, and $55,000 for permits/fees) estimated. The Exit Value: $2,040,000+ total portfolio retail value based on recent West End sales possibilities. The Profit Potential: Net over $400,000 in gross profit (~24.5% margin) by mobilizing one crew for anticipated gains. Agents standing by, call now.
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Additional Information
- Acres
- 0.23
- Elementary School
- West Bay
- High School
- Arnold
- Legal Description
- 11 3S 17W-6.5- Beg 400' N Of Hwy 98 & Ely Li Deluna Pl Th Nely 150' Sely 67' Swly 150' Nwly 67' To Pob Map 20C4 Orb 4770 P 1991 Includes all 150' on the road front aka addresses 120 and 124 Deluna.
- Lot Features
- Level, Other
- Middle School
- Surfside
- Neighborhood
- Beach - West Central
- Subdivision
- Metes & Bounds
- Waterfront Features
- Pond
- View
- Gulf
- Zoning
- County, Resid Multi-Family, Resid Single Family, Unrestricted
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Listing courtesy of Gulf Real Estate.
Vendor Member Number : 28166