6505 Thomas 505 Drive Unit 505A, Panama City Beach, FL 32408
- $453,000
- 2
- BD
- 2
- BA
- Sold Price
- $453,000
- List Price
- $482,000
- Closing Date
- Mar 10, 2026
- MLS#
- 770166
- Bedrooms
- 2
- Bathrooms
- 2
- Full-baths
- 2
- Subdivision
- The Summerhouse Of P.C. I
- Year Built
- 1984
Property Description
TRUE TURNKEY short-term rental condo, beachfront, fully renovated and ready for an investor to take over. RENTAL MACHINE with NET rentals of $73K in 2024 and pacing above that for 2025. We post NET rentals, vs. industry standards to post gross, which include fees and taxes. When including those, gross rentals for this unit were +90K in 2024. Can provide receipts. The unit is almost fully booked through June and bookings could pass along to the buyer. Owner self-manages this unit plus 6 other properties in the area with excellent results all around. Owner can offer property management for the buyer if interested. Selling due to a personal situation that requires cash ASAP. Buyer to verify measurements as needed.
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Additional Information
- Waterfront
- Yes
- Waterview
- Gulf
- Interior Features
- Smart Thermostat
- Appliances
- Washer/Dryer Stacked, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Ice Maker
- Elementary School
- Patronis
- Middle School
- Surfside
- High School
- Arnold
Mortgage Calculator
Listing courtesy of HomeCoin.com. Selling Office: EXP Realty LLC.