New Construction Duplex with Fenced
19916 Bonita Drive Panama City Beach, FL 32413
19916 Bonita Drive, Panama City Beach, FL, 32413
$875,000
For Sale
$875,000
MULTI_FAMILY - Other - Panama City Beach, FL
Property Size2,400 SF
Price / SF$364.58
Days on Market23
Property Features for 19916 Bonita Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 4
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 4, Laundry Room, Bathroom 6, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 2
- Parking features
- Golf Cart
- Window features
- Storm Window(s)
- Interior features
- Newly Painted, Owner's Closet, Washer/Dryer Hookup
- Appliances
- Dryer, Refrigerator, Stove/Oven Electric, Washer, Water Heater - Elect
- Standard status
- Active
- APN
- 38104-030-000
- Size
- 2,400 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LAGUNA BEACH 6TH ADD (8.02) E 50' OF LOT 8 BLK 33 ORB 4639 P 2128
- Tax Annual Amount
- 604
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Flooring type
- Tile, Vinyl
- Building materials
- Siding Wood, Trim Wood
- Architectural style
- Other
Listing Agency
The Ketchersid Group LLC
(850) 344-9848
4014 Commons Dr #100, Destin, FL
Listed by
Melissa K Walls · License #3366556
(850) 685-5813
Added: Jun 25 Checked: Jul 17 at 8:06 pm
MLS# 1006452
Listing URL
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.
This newly constructed duplex features two separate residences, each designed with an open-concept kitchen, dining, and living area on the main level. Each unit includes a half bath, a private golf cart garage, and ceiling fans installed throughout. Upstairs, you’ll find two bedrooms, both with private ensuite bathrooms. Bathrooms include modern anti-fog illuminated mirrors, and each unit is equipped with a washer and dryer. Outside, the property provides ample parking for both residences and a fully fenced backyard.
The property is located at 19916 Bonita Drive in Panama City Beach, with access to Beach Access #77 described as a short walk or golf cart ride. Everyday conveniences are noted nearby, including Carousel Supermarket, and Pier Park and local dining options are described as minutes away in the surrounding area.
The duplex configuration supports a variety of living and income arrangements, with private, two-bedroom layouts in each residence and dedicated outdoor privacy through the fenced backyard.
The property is located at 19916 Bonita Drive in Panama City Beach, with access to Beach Access #77 described as a short walk or golf cart ride. Everyday conveniences are noted nearby, including Carousel Supermarket, and Pier Park and local dining options are described as minutes away in the surrounding area.
The duplex configuration supports a variety of living and income arrangements, with private, two-bedroom layouts in each residence and dedicated outdoor privacy through the fenced backyard.
Key Highlights
- New construction duplex (under construction), built in 2026
- Each unit includes approx. 1,200 SF with 2 bedrooms and private ensuite bathrooms
- Central heating and central air; ceiling fans installed throughout every room
Local 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 | $38.9k | $16.20 |
| − Vacancy | −$2.4k | −$1.00 |
| EGI | $36.5k | $15.20 |
| − OpEx | −$10.9k | −$4.56 |
| NOI | $25.5k | $10.64 |
2,400 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.8K
$319.2K – $425.6K
NOI $25,537 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$334.3K
$292.5K – $390.0K
NOI $23,400 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$699.3K
$611.9K – $815.8K
NOI $48,949 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - New construction duplex offers two well-appointed residences, each with two bedrooms, ensuite baths, and included laundry.
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 $875,000.
What are key features of this property?
This property features: New construction duplex (under construction), built in 2026; Each unit includes approx. 1,200 SF with 2 bedrooms and private ensuite bathrooms; Central heating and central air; ceiling fans installed throughout every room
