Michael Hyde
    Michael Hyde
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      Peachtree City, GA 30269
      (770)487-9997

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      The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2023 GAMLS. All rights reserved.

      Central Panhandle Association of Realtors

      IDX information is provided exclusively for 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 not guaranteed.

      $299,900
      For Sale

      23223 Front Beach Road #A509

      Panama City Beach, FL 32413
      1 bed | 2 baths | #773638
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      65 photos
      Type:Purchase
      Structure:Condo
      Zone:Residential

      Description

      Welcome to your Gulf-front escape at Pinnacle Port, located within the private, gated community of Carillon Beach! This beautifully maintained 2-bedroom, 2-bath condo is sold fully furnished and offers breathtaking views of the Gulf along with a lifestyle of relaxation and convenience. 2025 Budget has been approved and the dues have decreased!! This split-level layout features one bedroom and a full bath on the first floor, while the second level hosts the kitchen, dining area, living room, another full bath, laundry, and a balcony perfect for soaking in panoramic water views. This premier complex offers incredible amenities including two pools (one partially covered), tennis and shuffleboard courts, an exercise room, game room, playground, kayak and canoe rentals, grilling and picnic areas, boat slips, fishing docks, and saunas. Tucked between Lake Powell and the Gulf, you truly get the best of both worlds with nature all around and the beach just steps away. HOA dues cover water, trash, exterior insurance, heating and cooling, and grounds maintenance—leaving only electricity as your utility, which averages just $30/month. Located across from Camp Helen State Park and only five minutes from the upscale shopping, dining, and charm of 30A communities like Rosemary Beach and Alys Beach. For an updated, self-managed, and well-marketed 2BR unit at Pinnacle Port, you can expect: Avg Daily Rental Rate: $210-$240 per night (higher end due to updates and direct bookings) Occupancy: ~60-65% annually (above market average with strong marketing) Estimated Annual Revenue: At $210/night × 60% occupancy = $46,000/year At $240/night × 65% occupancy = $57,000/year Realistic range: $46K-$57K annually if managed effectively and kept in top condition. CAP RATE OF 10.48% Painting in living area will not convey. All information is deemed reliable but not guaranteed; buyer to verify if important.

      • Property Details
          • Utility FeaturesCable Connected, Electricity Available
          • PoolFenced, Gunite, In Ground, Community
          • Pool FeaturesFenced, Gunite, In Ground, Community
          • SubdivisionPinnacle Port Phase 1-A
          • Sewer InformationPublic Sewer
          • Property SubtypeCondominium
          • ViewGulf, Lake
          • StyleHigh Rise
          • Property TypePurchase
          • Elementary SchoolWest Bay
          • Middle SchoolSurfside
          • Original List Price$309,900
          • Cost299900.0
          • High SchoolArnold
          • MLS #773638
          • MLS #773638
          • Year Built1970
          • Bathrooms2.0
          • CountyBay
          • Days on Market (Cumulative)241
          • Bedrooms1
          • Full Baths2

      Location

      Legal

      IDX information is provided exclusively for 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 not guaranteed.

      Last Updated: Yesterday at 10:05 PM. Source: CPAR

      Provided By
      Listing Agent: Beth Mulvey (#B5482)
      Listing Office: Beach House Sales and Development (#BHSAD)

      Michael HydeReal Estate Group
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