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
August 23, 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
11
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 Hilary Farnum-Fasth & Jacob Watkins shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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