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503 Albatross Street

Panama City Beach, FL 32413
  • $2,850,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 759527
UPDATED: 74 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

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 Cafe 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 Pier Park, 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 Central Panhandle 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. Data last updated: 2024-07-17T08:03:51.797.
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503 Albatross Street Panama City Beach, FL 32413

  • Price: $2,850,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 74 min ago
  • MLS #: 759527
8
Beds
7
Baths
1
½ Baths
0.21
Acres
3,945
SQFT
$722
$/SQFT
2023
Built
Neighborhood:
Bid-A-Wee
County:
Bay
Area:
Bay County-Beach
Elementary School:
Hutchison 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 Cafe 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 Pier Park, 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 Coastal Attached Garage YN Yes Construction Materials Hardi Plank Type Exterior Features Balcony Sprinkler Irrigation Outdoor Shower Patio Columns Rain Gutters Garage YN Yes Lot Features Cleared Patio And Porch Features Balcony Covered Open Patio Porch Pool Features Fenced Gunite Gas Heat In Ground Private Salt Water Pool Private YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Metal View Gulf View YN Yes

Interior Features

Appliances Bar Fridge Dryer Dishwasher Disposal Gas Oven Gas Range Gas Water Heater Ice Maker Microwave Refrigerator Range Hood Tankless Water Heater Washer Cooling Central Air Ceiling Fans Electric Cooling YN Yes Entry Level 1 Furnished Furnished Heating Central Electric Heating YN Yes Interior Features Wet Bar Breakfast Bar Pantry Parking Features Attached Driveway Garage Garage Door Opener Paved Rooms Bedroom (Third Level) Bedroom (Third Level) Bedroom (Third Level) Bedroom (Second Level) Bedroom (Second Level) Bedroom (Second Level) Bedroom (Second Level) Primary Bedroom (First Level) Recreation (Third Level) Family Room (Second Level) Great Room (First Level)

Property Features

Association Amenities Beach Rights Association Fee 100 Association Fee Frequency Annually Association YN Yes Community Features Short Term Rental Allowed Listing Agreement Exclusive Right To Sell Listing Service Full Service Lot Size Dimensions 60 x 150 Occupant Type Tenant Property Attached YN No Property Sub Type Detached Property Sub Type Additional Detached Single Family Residence Security Features Fire Alarm Fire Sprinkler System Tax Annual Amount 2593 Tax Year 2023 Utilities Cable Connected Electricity Connected Natural Gas Connected High Speed Internet Available Phone Available Sewer Connected Water Connected Waterfront YN No Zoning Description Resid Single Family

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Compass Florida, LLC: (305) 851-2820. Listing information © 2024 Central Panhandle Association of Realtors MLS.


© 2024 Central Panhandle 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. Data last updated: 2024-07-17T08:03:51.797.
 
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