13639 Banana Wind Way Panama City Beach, FL 32413
- Mixed-use properties
- 2,130 SF
- 0.06 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 13639 Banana Wind Way
- Lot size
- 0.06 lot acres
- Property size
- 2,130 SF
- Property type
- Mixed-use properties
Description
This exceptional two-story mixed-use property in Panama City Beach, Florida, presents a lucrative investment opportunity. Located at 13639 Banana Wind Way, 32413, this newly constructed, 2,130 square foot vacation rental boasts a remarkable 9.75% cap rate and a strong net operating income (NOI) of $175,000. The property sits on a 0.06-acre lot and features a fully furnished interior, including a well-equipped kitchen complete with a Margaritaville machine. Sleeping arrangements comfortably accommodate up to twelve guests, with ensuite bedrooms offering two king and three queen beds, plus a living room sleeper sofa. The home is conveniently equipped with an EV charger. This rare poolside unit provides immediate access to a 2.5-acre heated resort pool with water slides and a lazy river. Additional amenities include proximity to an arcade, a full-service restaurant (currently under construction), a poolside bar, and 580 feet of private beachfront access with available beach chairs and paddleboards. Future amenities are also under development. The property's inclusion in the Margaritaville vacation rental program has already secured six weeks of summer bookings. This represents a unique chance to acquire a high-performing asset in a thriving tourist destination. The asking price is $1,795,000, translating to $842.72 per square foot.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.8458
- Latitude
- 30.2005
