13639 Banana Wind Way Panama City Beach, FL 32413
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.