Furnished Short-Term Rental
17462 Front Beach Road 39a, Panama City Beach, FL 32413
For Sale
$259,000
An updated, furnished end unit offers a two-bedroom, two-bathroom layout and access to community recreation amenities.
Property Size960 SF
Price / SF$269.79
Days on Market48
Property Features for 17462 Front Beach Road 39a
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Amenities
4 pools
hot tub
tennis & pickleball courts
horse shoes
18 hole mini golf
shuffle board
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Beach Properties of Florida
Listed By:
Katherine A Gloer
(404) 732-4264
Source:
Dardengroupusa
Added: Sep 26
Changed: Oct 25
Last Checked: Oct 7 at 1:31PM
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 Berkshire Hathaway HomeServices Beach Properties of Florida
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Investment Insights
Based on property information with market context.
This furnished end-unit condo was renovated and is configured with two bedrooms and two bathrooms. The property measures 960 square feet and was built in 1987. Its location within Horizon South Condominiums places it a short walk from dedicated beach access.
Community amenities include four pools, a hot tub, tennis and pickleball courts, horseshoes, shuffleboard, and an 18-hole miniature golf course. The condo is presented as suitable for short-term rental or owner occupancy.
Community amenities include four pools, a hot tub, tennis and pickleball courts, horseshoes, shuffleboard, and an 18-hole miniature golf course. The condo is presented as suitable for short-term rental or owner occupancy.
Key Highlights
- 960 square feet; built in 1987
- Renovated and furnished end unit with 2 bedrooms and 2 bathrooms
- Community features four pools, a hot tub, tennis and pickleball courts, horseshoes, shuffleboard, and 18‑hole mini golf
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,360
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,200
$187.2K
Cap Rate 7%
$133,714
$133.7K
Cap Rate 9%
$104,000
$104.0K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$18.2K $18.96/SF
− Vacancy
−$1.2K −$1.23/SF
EGI
$17.0K $17.73/SF
− OpEx
−$7.7K −$7.98/SF
NOI
$9.4K $9.75/SF
Area
Bay County, FL
Vacancy
6.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,200
Cap Rate 7%
$133,714
Cap Rate 9%
$104,000
Alternative Uses
Best Use
Apartment 5plus
$133.7K
$117.0K – $156.0K
NOI $9,360 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$279.7K
$244.8K – $326.3K
NOI $19,580 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
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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
$384,000
Median Home Value
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Market
Average Price Trend$/SF for Short term rental properties in Panama City Beach, FL
Properties on Market for Short term rental properties in Panama City Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - An updated, furnished end unit offers a two-bedroom, two-bathroom layout and access to community recreation amenities.
Where is this short term rental property located?
The property is located at 17462 Front Beach Road 39a Panama City Beach, FL.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 960 square feet; built in 1987; Renovated and furnished end unit with 2 bedrooms and 2 bathrooms; Community features four pools, a hot tub, tennis and pickleball courts, horseshoes, shuffleboard, and 18‑hole mini golf
