New Construction Duplex with Gulf
For Sale
$825,000
19916 Bonita Drive, Panama City Beach, FL 32413
Two residences pair private ensuite bedrooms with golf cart garages and a fenced shared backyard.
Property Size2,400 SF
Price / SF$343.75
Days on Market98
Property Features for 19916 Bonita Drive
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
Ceiling fans
anti-fog illuminated mirrors
washer and dryer
private golf cart garage
fully fenced backyard
Building Details
Building Size
2,400 SF
Year Built
2026
Buildings
1
Stories
2
Listing Agency:
The Ketchersid Group, LLC
Listed By:
Melissa Walls · License #3366556
(850) 685-5813
Source:
Beachkingrealty
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 26 at 3:10PM
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 The Ketchersid Group, LLC
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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two residences of approximately 1,200 square feet each. Both offer an open main-floor kitchen, dining and living area, plus a half bath and private golf cart garage. Upstairs, each residence has two bedrooms with ensuite bathrooms. South-facing bedrooms have a limited Gulf view. Ceiling fans, illuminated anti-fog bathroom mirrors, and a washer and dryer are included in each unit. The property also has parking for both residences and a fenced backyard.
Beach Access #77 is reachable on foot or by golf cart. Carousel Supermarket is nearby, and Pier Park and several local restaurants, including Thomas Donut & Snack Shop and Dusty's Oyster Bar, are a short drive away.
Beach Access #77 is reachable on foot or by golf cart. Carousel Supermarket is nearby, and Pier Park and several local restaurants, including Thomas Donut & Snack Shop and Dusty's Oyster Bar, are a short drive away.
Key Highlights
- 2026 construction with 2 residences totaling 2,400 square feet
- Each residence is approximately 1,200 square feet, with 2 bedrooms and ensuite bathrooms
- Both units include a half bath, private golf cart garage, washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,537
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,740
$510.7K
Cap Rate 7%
$364,814
$364.8K
Cap Rate 9%
$283,744
$283.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$38.9K $16.20/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$36.5K $15.20/SF
− OpEx
−$10.9K −$4.56/SF
NOI
$25.5K $10.64/SF
Area
Bay County, FL
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,740
Cap Rate 7%
$364,814
Cap Rate 9%
$283,744
Alternative Uses
Best Use
Multifamily LT 5
$364.8K
$319.2K – $425.6K
NOI $25,537 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$334.3K
$292.5K – $390.0K
NOI $23,400 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$699.3K
$611.9K – $815.8K
NOI $48,949 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
235
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences pair private ensuite bedrooms with golf cart garages and a fenced shared backyard.
Where is this duplex located?
The property is located at 19916 Bonita Drive Panama City Beach, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 2026 construction with 2 residences totaling 2,400 square feet; Each residence is approximately 1,200 square feet, with 2 bedrooms and ensuite bathrooms; Both units include a half bath, private golf cart garage, washer and dryer
