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Brand-New Duplex Investment
For Sale
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Pending

203 Malaga Place, Panama City Beach, FL 32413

Each two-story duplex features an open living layout and a heated, in-ground saltwater pool.

Property SizeContact for details
Days on Market115

Property Features for 203 Malaga Place

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Century 21 Commander Realty Inc
Listed By: Kelli Garrett · License #FL
Source: Crexi
Added: Apr 11 Changed: Jul 22 Last Checked: Aug 3 at 12:32PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Commander Realty Inc

Investment Insights

Based on property information with market context.

New construction is underway for a package of three brand-new duplexes located one block from the Gulf in Panama City Beach, Florida. The offering totals six heated, in-ground saltwater pools, with each unit designed as a two-story home.

Each duplex unit includes four bedrooms and 3.5 bathrooms with an open kitchen/dining/living concept. The master suite and the half bath are on the first floor, with a second master suite upstairs. Additional amenities include ample closet space, a washer/dryer hookup, and a covered back porch with an outdoor storage room.

Construction is scheduled to complete sometime in April/May, allowing time to prepare for the rental season. The duplexes are parceled separately on 50x130 lots, providing flexibility to purchase all three or a single duplex. Current rental projections are around $100,000 per unit per year.

Key Highlights

  • Three brand new two‑story duplexes, each with 4 bedrooms, 3.5 baths, and 2,050 SF
  • Open kitchen/dining/living concept with master suite and 1/2 bath on the 1st floor; second master suite upstairs
  • Each unit includes a heated, in‑ground saltwater pool

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Nail Salon Auto Parts Store Law Firm Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

236
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Each two-story duplex features an open living layout and a heated, in-ground saltwater pool.
Where is this duplex located?
The property is located at 203 Malaga Place Panama City Beach, FL.
What are key features of this property?
This property features: Three brand new two‑story duplexes, each with 4 bedrooms, 3.5 baths, and 2,050 SF; Open kitchen/dining/living concept with master suite and 1/2 bath on the 1st floor; second master suite upstairs; Each unit includes a heated, in‑ground saltwater pool
(850) 819-6423 Call to check price and availability
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