Residential Duplex
7022 Starfish Court Panama City Beach, FL 32407
7022 Starfish Court, Panama City Beach, FL, 32407
$375,000
Pending
For Sale
$375,000
Pending
MULTI_FAMILY - Other - Panama City Beach, FL
Property Size1,512 SF
Days on Market39
Property Features for 7022 Starfish Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Resid Multi-Family, Resid
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
- Parking features
- Garage
- Window features
- Double Pane Windows, Plantation Shutters
- Patio and Porch features
- Deck
- Interior features
- Breakfast Bar, Ceiling Raised, Lighting Recessed, Washer/Dryer Hookup
- Exterior features
- Fenced Back Yard, Sprinkler System
- Fencing
- Back Yard
- Appliances
- Auto Garage Door Opn, Dishwasher, Disposal, Dryer, Microwave, Refrigerator W/IceMk, Smooth Stovetop Rnge, Washer
- Standard status
- Pending
- APN
- 27343-618-000
- Size
- 1,512 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Dolphin Bay Ph II 68B3 & B4 Wly 1/2 Of Lot 16 Blk G Desc. As Beg At Th Sw Cor Of Lot 16 Th N23 Deg W 173.58' Th N74 Deg E 96.94' Th S12 Deg W 51.09'S04 Deg E 130.84' To The Nly R/W Of Starfish Ct Th Run Wly Along R/W 24.73' To Pob Orb 2524 P 1892 Orb 3032 P 1775
- Tax Annual Amount
- 3390
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2004
- Floors in Building
- 1
- Flooring type
- Tile, Carpet
- Building materials
- Stucco
- Architectural style
- Other
Listing agency
Beachy Beach Real Estate
(850) 233-4351
Listed by
Mark A Vickers · License #3309067
(678) 557-3640
Added: Jun 15 Updated: Jul 19 at 9:27AM Checked: Jul 23 at 5:06AM
MLS# 1006857
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 updated 3-bedroom, 2-bath residence is set on a quiet cul-de-sac within a gated waterfront community. The home features an open floor plan with soaring 10-foot ceilings, a split-bedroom layout with the primary suite at the rear, and a fenced backyard with an expansive deck for outdoor living. An eat-in kitchen includes a large breakfast bar, and the property also offers a two-car garage for additional storage. The home is described as unfurnished and well maintained.
The community provides amenities including a deep-water marina, pocket parks, basketball, tennis, and pickleball courts, along with trailer storage. The listing notes proximity to the Navy Base, shopping, and dining, and states the home is about 10 minutes from the World’s Most Beautiful Beaches. Zoning is listed as Resid Multi-Family, Resid.
Improvements cited include a complete kitchen renovation in 2018 with custom cabinetry, Samsung appliances, quartz countertops, a glass tile backsplash, and new tile flooring extending through the kitchen, living, dining, and guest bath. The guest bathroom was also renovated in 2018, and the primary bathroom underwent a comprehensive renovation in 2024. Additional exterior updates include a new roof in 2025, exterior paint in 2026, gutters in 2022, and a garage door with impact glass installed in 2024. The listing further notes that 7020 and 7022 are to be purchased together as an investment duplex, and buyers should verify all important details.
The community provides amenities including a deep-water marina, pocket parks, basketball, tennis, and pickleball courts, along with trailer storage. The listing notes proximity to the Navy Base, shopping, and dining, and states the home is about 10 minutes from the World’s Most Beautiful Beaches. Zoning is listed as Resid Multi-Family, Resid.
Improvements cited include a complete kitchen renovation in 2018 with custom cabinetry, Samsung appliances, quartz countertops, a glass tile backsplash, and new tile flooring extending through the kitchen, living, dining, and guest bath. The guest bathroom was also renovated in 2018, and the primary bathroom underwent a comprehensive renovation in 2024. Additional exterior updates include a new roof in 2025, exterior paint in 2026, gutters in 2022, and a garage door with impact glass installed in 2024. The listing further notes that 7020 and 7022 are to be purchased together as an investment duplex, and buyers should verify all important details.
Key Highlights
- 3‑bedroom, 2‑bath home built in 2004 with central heating and central A/C
- Updated kitchen renovation (2018) with custom cabinetry, Samsung appliances, quartz countertops, and new tile flooring
- Primary bath renovation (2024) includes a large zero‑entry roll‑in shower, glass enclosure, and his‑and‑hers vanities with quartz tops
Local Financial Insights For Apartment 5plus
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 | $28.7k | $18.96 |
| − Vacancy | −$1.9k | −$1.23 |
| EGI | $26.8k | $17.73 |
| − OpEx | −$12.1k | −$7.98 |
| NOI | $14.7k | $9.75 |
1,512 SF · lease $18.96/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$210.6K
$184.3K – $245.7K
NOI $14,742 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$440.5K
$385.5K – $514.0K
NOI $30,838 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Updated 3-bedroom, 2-bath waterfront-area home on a quiet cul-de-sac with fenced backyard, deck, and two-car garage.
Where is this single family property located?
The property is located at 7022 Starfish Court Panama City Beach, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath home built in 2004 with central heating and central A/C; Updated kitchen renovation (2018) with custom cabinetry, Samsung appliances, quartz countertops, and new tile flooring; Primary bath renovation (2024) includes a large zero‑entry roll‑in shower, glass enclosure, and his‑and‑hers vanities with quartz tops
