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For sale 2 days ago

$729,000

5+ bd 4+ ba 2276 sqft

204 3rd St, Panama City Beach, FL 32413

Residential SFR

Current Rent **

N/A

Projected Rent **

$7,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

🌴 Triple the Fun, Triple the Income – 3-Unit STR Goldmine Just Steps from the Sand!

📍 204 3rd Street, Panama City Beach, FL 32413

For more photos: https://myre.io/0yuNsyQM3exq

Investor alert!
If you're looking for cash flow, walkability to the beach, and a turn-key setup with multiple income streams, this one’s for you. Three separate, fully furnished units on a large lot—just a flip-flop toss away from deeded beach access. Quiet dead-end street, 8 minutes to 30A, and already producing serious revenue.

đź’° 2024 Gross: $90K+ (with more bookings rolling in for 2025!)

🔎 Property Breakdown:
🟢 Unit 1: The Family Fun Zone
2 Bed | 2 Bath | Sleeps a crowd

Screened back deck w/ ping pong & lounge area

Interior foosball + sleeper sofa movie setup

Private laundry

Great for families or mid-size groups

🔵 Unit 2: The Clever Coastal Studio
Studio | 1 Bath

2022 renovation: quartz counters, SS appliances

Murphy bed, mini-split A/C, and in-unit laundry

Small footprint, BIG appeal for couples or solo travelers

🟡 Unit 3: The Beachy Bungalow
2 Bed | 1 Bath

Fresh updates: cabinets, appliances, water heater

Cozy layout, tons of charm

Perfect for repeat guests & long weekends

âś… Features & Investor Perks:
Metal roofs on all units

Separate water heaters

Fully furnished & rental ready

Onsite laundry for each unit

Deeded beach access

Low expenses, high returns

Oversized lot – potential for pool or outdoor upgrades

đź‘€ Why It Works:

Proven short-term rental income

Diverse unit mix = flexible rental strategy

Walkable location in a high-demand tourist zone

Zoned for income + lifestyle use (STR, family retreat, or hybrid)

📲 Interested?
Let’s talk numbers, comps, projections—whatever you need to move fast.

DM me here or reach out directly:
Melissa Haworth
Licensed Real Estate Agent
đź“§ [email protected]
📞 469-658-2869

🏖️ Don’t miss this rare triplex-style beach investment in Panama City Beach. Opportunities like this don’t last.

Location:

204 3rd St, Panama City Beach, FL 32413

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.