Portfolio of 34 Beachfront Condos and Commercial Unit in Panama City Beach, FL
Financial Details
- Asking Price:
- $12,995,000
- Annual Revenue:
- $1,304,841
- Cash Flow / SDE:
- $1,077,173
- Profit Metric:
- Average NOI
- Valuation Multiple:
- 12.1x
- Location:
- Panama City Beach, FL, US
- Source:
- Date:
- October 02, 2025
Key Highlights
Description
This listing presents a significant investment opportunity in Panama City Beach, Florida, a highly sought-after vacation destination. The portfolio comprises 34 individual units, including 33 tastefully decorated residential condos and 1 commercial condo. The residential units are situated across four complexes: 28 in Laketown Wharf Resort, 2 in Grand Panama Resort, 2 in Tidewater Beach Resort, and 1 in Aqua Beach Resort, all currently operating as vacation rentals. The commercial unit is leased long-term under a NNN lease to a vacation rental company. The property offers the potential for substantial long-term appreciation and consistent annual cash flow. Buyers have the flexibility to acquire the entire portfolio or specific parts, accommodating needs such as a 1031 exchange, though pricing may vary for partial acquisitions. Panama City Beach's strategic location and high visitor numbers (approximately 20 million annually) contribute to its appeal as a prime real estate investment market.
Industry Information
- Industry Description:
- Real Estate | Multifamily
- Classification:
- Building & Construction
Operational Snapshot
- Year Established:
- 2007
Real Estate & Lease
- Status:
- Included
- Real Estate Price:
- $12,995,000 USD
Listing Details
- Listing ID:
- 7af61526-8cdc-4f6a-8c60-eef8724f2510
- Deal Status:
- For Sale
- Date Posted:
- August 18, 2024
- Last Updated:
- October 02, 2025
- Currency:
- USD