Active

503 Albatross Street

Panama City Beach FL, 32413

$2,850,000


$722.43 per sqft

Active

8 Beds

8 Baths

3,945 sqft

Residential

Built in 2023

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.

759527

MLSⓇ ID

July 4, 2024

Listed

November 22, 2024

Updated

Map

503 Albatross Street
Panama City Beach FL, 32413

Interior Features

Bedrooms

8


Total Bathrooms

8


Full Bathrooms

7


Half Bathrooms

1


Interior Features

Wet Bar, Breakfast Bar, Pantry


Appliances

Bar Fridge, Dryer, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Washer


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fan(s), Electric


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.21 Acres


Exterior Features

Balcony, Sprinkler/Irrigation, Outdoor Shower, Patio, Columns, Rain Gutters


Lot Features

Cleared


Architectual Style

Coastal


Roof

Metal

School Information

High School

Arnold


Elementary School

Hutchison Beach

Other Property Details

Area Name

03 - Bay County - Beach


Taxes

$2,593


Tax Frequency

Annually


Days on Market

85


Association Fee

$100


Association Fee Frequency

Yearly


Association Amenities

Beach Rights


Garage

Yes


Garage Spaces

1


Parking

Attached, Driveway, Garage, Garage Door Opener, Paved


View

Yes


View Description

Gulf


County

Bay


Pool

Yes


Pool Features

Fenced, Gunite, Gas Heat, In Ground, Private, Salt Water

 

Courtesy of Compass Florida, LLC, Clay Owens,
Listing Contact: (850) 890-9195 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Gene Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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