Renovated Duplex For Owner or
For Sale
$510,000
116 Lakeside Circle, Panama City Beach, FL 32413
MULTI_FAMILY - Other - Panama City Beach, FL
Property Size1,664 SF
Lot Size0.17 Acres
Price / SF$306.49
Days on Market94
Property Features for 116 Lakeside Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Resid Single Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2, Dining Room
Interior features
Washer/Dryer Hookup
Exterior features
Fenced Back Yard
Fencing
Back Yard
Appliances
Disposal, Microwave, Refrigerator W/IceMk
Subdivision
LAKESIDE VILLAS
Elementary school
Hutchinson Beach
Middle school
Surfside
High school
Arnold
Directions
From Highway 79 and Panama City Beach Parkway head east. Turn Right on Lullwater Dr and Left on Lakeside Circle. Duplex will be on the left
Standard status
Active
APN
32827-082-000
Size
1,664 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKESIDE VILLAS LOT 10 BLK A ORB 4704 P 1632
Tax Annual Amount
4249
Legal Description
LAKESIDE VILLAS LOT 10 BLK A ORB 4704 P 1632
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1972
Floors in Building
1
Flooring type
Vinyl, Tile
Building materials
Brick
Architectural style
Other
Listing Agency:
La Florida Coastal Properties
(850) 231-7896
Listed By:
Ronald C Godwin III · License #3451664
(850) 797-2563
Added: May 2
Changed: Aug 2
Last Checked: Aug 3 at 2:06PM
MLS# 1002139
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
116 Lakeside Circle (Unit A & B) is a renovated duplex built in 1972 with brick construction. The property has been updated with fresh paint, updated flooring, and upgraded fixtures. Interior features include a washer/dryer hookup, and the layout includes multiple bedrooms, bathrooms, and a dining room. Appliances listed include a disposal, microwave, and refrigerator with ice maker. Central air cooling and vinyl and tile flooring support year-round comfort.
The duplex sits on a 0.17-acre lot and includes a fenced back yard, with public sewer service available for the property. Fencing is noted for the back yard.
This is a move-in-ready residential income property configured as a two-unit duplex, with renovations and practical in-home utilities already in place.
The duplex sits on a 0.17-acre lot and includes a fenced back yard, with public sewer service available for the property. Fencing is noted for the back yard.
This is a move-in-ready residential income property configured as a two-unit duplex, with renovations and practical in-home utilities already in place.
Key Highlights
- Renovated duplex with Unit A and Unit B
- 0.17‑acre lot with fenced back yard
- 1,664 SF duplex (property size) with brick construction built in 1972
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $16.20 |
| − Vacancy | −$1.7k | −$1.00 |
| EGI | $25.3k | $15.20 |
| − OpEx | −$7.6k | −$4.56 |
| NOI | $17.7k | $10.64 |
1,664 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$252.9K
$221.3K – $295.1K
NOI $17,705 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$231.8K
$202.8K – $270.4K
NOI $16,224 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$484.8K
$424.2K – $565.6K
NOI $33,938 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Explore this area
Business Placement
Demographics for 32413, FL
15,217
Population
16,334
Households
0.9
Avg Household Size
50
Median Age
34%
College-Educated
94%
High-School Grad
108.2 sq mi
ZIP Area
141
Density / Sq Mi
$76,010
Median Household Income
$41,282
Median Earnings
$1,629
Median Rent
$384,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with central air, public sewer, and a fenced back yard, offering washer/dryer hookup in each unit.
Where is this duplex located?
The property is located at 116 Lakeside Circle Panama City Beach, FL.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Renovated duplex with Unit A and Unit B; 0.17‑acre lot with fenced back yard; 1,664 SF duplex (property size) with brick construction built in 1972
