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503 Albatross Street

Panama City Beach, FL 32413
  • $2,850,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 953911
UPDATED: 78 min ago
$2,850,000
  • 8
    BEDS
  • 0.21
    ACRES
  • 7
    BATHS
  • 1
    1/2 BATHS
  • 3,945
    SQFT
  • $722
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2023
County:
Bay
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Introducing 503 Albatross, an epitome of luxury and elegance nestled in the heart of Panama City Beach's coveted Bid-a-Wee community. This magnificent three-story masterpiece is not just a home; it's a gateway to a lifestyle marked by breathtaking Gulf views, unparalleled amenities, and an enviable proximity to a private, deeded beach access and the vibrant Margaritaville Resort. Designed with a discerning eye for detail, this sprawling 8-bedroom, 7.5-bath home exudes sophistication and comfort. Each floor has been meticulously crafted to offer ample space and privacy, making it ideal for large families or groups seeking a serene retreat. The third floor boasts a spacious family room complete with an oversized sectional, a foosball table, and stunning coastal furnishings that perfectly complement the home's elegant aesthetic. The heart of this home is its state-of-the-art kitchen, featuring top-of-the-line GE Caf appliances and pristine quartz countertops. Custom trim and woodwork accentuate the space, creating an inviting environment for both casual meals and gourmet feasts. The open layout ensures that the kitchen flows seamlessly into the dining and living areas, making it perfect for entertaining. Step outside to discover your private haven. The expansive backyard is a paradise for outdoor enthusiasts, featuring an oversized saltwater pool, a sprawling patio, and ample seating areas for sunbathing or alfresco dining. The outdoor ping pong table and basketball games add a touch of fun for guests of all ages, ensuring every moment spent here is filled with joy. No detail has been overlooked in ensuring your comfort. Each bedroom is a sanctuary, offering ample space, cozy seating areas, and individual TVs. Dual washer and dryer sets on the second and third floors provide convenience, while the garage and drive offer parking for up to seven vehicles. This property is not only a dream home but also a lucrative investment opportunity. With short-term rentals allowed and a location in the highly popular Panama City Beach vacation market, projections indicate an impressive annual return of over $290K. The home's turn-key readiness, with elegant coastal furnishings and every conceivable amenity, ensures that it stands out in the rental market. Located just minutes from 30A and a short walk from your private deeded beach access, 503 Albatross places you at the heart of all that Panama City Beach has to offer. Whether you're seeking a tranquil escape or an active coastal lifestyle, this home provides the perfect balance of both.

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© 2024 Emerald Coast Association of Realtors MLS. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Scenic Sotheby's International Realty. Vendor Member number: 28178. Data last updated: 2024-07-23T12:05:55.79.
Vendor Member #28178.
www.scenicsir.com/homes/152304070
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503 Albatross Street Panama City Beach, FL 32413

  • Price: $2,850,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 78 min ago
  • MLS #: 953911
8
Beds
7
Baths
1
½ Baths
0.21
Acres
3,945
SQFT
$722
$/SQFT
2023
Built
Neighborhood:
Bid-A-Wee S/D
County:
Bay
Area:
Bay County
Elementary School:
Hutchinson Beach
Middle School:
Surfside
High School:
Arnold
Property Description
Introducing 503 Albatross, an epitome of luxury and elegance nestled in the heart of Panama City Beach's coveted Bid-a-Wee community. This magnificent three-story masterpiece is not just a home; it's a gateway to a lifestyle marked by breathtaking Gulf views, unparalleled amenities, and an enviable proximity to a private, deeded beach access and the vibrant Margaritaville Resort. Designed with a discerning eye for detail, this sprawling 8-bedroom, 7.5-bath home exudes sophistication and comfort. Each floor has been meticulously crafted to offer ample space and privacy, making it ideal for large families or groups seeking a serene retreat. The third floor boasts a spacious family room complete with an oversized sectional, a foosball table, and stunning coastal furnishings that perfectly complement the home's elegant aesthetic. The heart of this home is its state-of-the-art kitchen, featuring top-of-the-line GE Caf appliances and pristine quartz countertops. Custom trim and woodwork accentuate the space, creating an inviting environment for both casual meals and gourmet feasts. The open layout ensures that the kitchen flows seamlessly into the dining and living areas, making it perfect for entertaining. Step outside to discover your private haven. The expansive backyard is a paradise for outdoor enthusiasts, featuring an oversized saltwater pool, a sprawling patio, and ample seating areas for sunbathing or alfresco dining. The outdoor ping pong table and basketball games add a touch of fun for guests of all ages, ensuring every moment spent here is filled with joy. No detail has been overlooked in ensuring your comfort. Each bedroom is a sanctuary, offering ample space, cozy seating areas, and individual TVs. Dual washer and dryer sets on the second and third floors provide convenience, while the garage and drive offer parking for up to seven vehicles. This property is not only a dream home but also a lucrative investment opportunity. With short-term rentals allowed and a location in the highly popular Panama City Beach vacation market, projections indicate an impressive annual return of over $290K. The home's turn-key readiness, with elegant coastal furnishings and every conceivable amenity, ensures that it stands out in the rental market. Located just minutes from 30A and a short walk from your private deeded beach access, 503 Albatross places you at the heart of all that Panama City Beach has to offer. Whether you're seeking a tranquil escape or an active coastal lifestyle, this home provides the perfect balance of both.
Exterior Features

Architectural Style Beach House Attached Garage YN Yes Carport YN No Construction Materials Roof MetalSiding CmntFbrHrdBrd Exterior Features Rain GutterBalconyColumnsFenced Back YardFenced PrivacyPatio CoveredPatio OpenPool - Gunite ConcrtPool - HeatedPool - In-GroundShowerSprinkler System Lot Size Dimensions 60 x 150 Parking Features Garage Pool YN Yes Road Frontage Type City Street Road Surface Type Paved View Gulf

Interior Features

Appliances Auto Garage Door OpnDishwasherDisposalDryerFire Alarm/SprinklerMicrowaveRange HoodRefrigeratorRefrigerator W/IceMkSecurity SystemStove/Oven GasWasher Cooling Ceiling Fan(s)Central Air Cooling YN Yes Great Room YN Yes Heating Central Heating YN Yes Interior Features Breakfast BarCeiling Tray/CofferdFurnished - AllKitchen IslandOwner's ClosetPantryWasher/Dryer HookupWet BarWindow Treatment All Primary Bedroom First Floor Yes Rooms Total 11

Property Features

Association Fee Frequency Annually Association Fee Includes Management Association Fee2 100 Association YN Yes New Construction YN No Pool Type Private Property Condition Construction Complete Property Sub Type Detached Single Family Short Term Rental Allowed Yes Tax Amount 2593 Tax Year 2023 Utilities ElectricGas - NaturalPublic SewerPublic WaterTV Cable Zoning Resid Single Family

Listing courtesy of Compass: 305-851-2820.


© 2024 Emerald Coast Association of Realtors MLS. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Scenic Sotheby's International Realty. Vendor Member number: 28178. Data last updated: 2024-07-23T12:05:55.79.
Vendor Member #28178.
 
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3305 West County Highway 30A
Santa Rosa Beach FL, 32459