54 Coastal Hwy Panacea, FL 32346-2705
Property profile & analytics
54 Coastal Hwy, Panacea, FL 32346-2705
- Motels
- 5,648 SF
- 2.70 lot acres
Property ID
US18-2693738
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Motels
Property Details for 54 Coastal Hwy
- Year built
- 1963
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.70 lot acres
- Zone code
- PUD
- Property type
- Motels
- APN
- 12-6S-02W-000-03873-000
- APU
- 126S02W00003873000
Description
Exceptional investment opportunity: The Oaks RV Resort & Motel, located at 54 Coastal Hwy, Panacea, FL 32346, presents a unique blend of hospitality assets. This stabilized Class B property boasts 35 total units, including 22 RV sites with full hookups, two newly constructed luxury bungalows (each with two bedrooms and two bathrooms), and 11 renovated motel rooms. Situated on 2.7 acres, this beachfront property offers concrete pads, paved roads, and city water and sewer. Current NOI is $184,598, with a pro-forma NOI of $206,781, yielding a current cap rate of 8.39% and a pro-forma cap rate of 8.99%. The asking price is $2,200,000, representing a price per unit of $62,857.14. Amenities include an on-site pool and hot tub, and a laundry facility. The property's location near the beach and the Capitol to the Sea Florida Bike Trail, along with proximity to the Mashes Sand Ramp, provides significant appeal to a wide range of travelers. This established business offers immediate cash flow and significant upside potential through further amenity additions and rate optimization. The property is not subject to a ground lease. This is a rare opportunity to acquire a thriving hospitality business in a desirable coastal location. The property consists of three buildings. APN: 12-6S-02W-000-03873-000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Panacea
- County
- Wakulla
- State
- Florida
- Longitude
- -84.3843
- Latitude
- 29.9797
- CBSA code
- 45220
- CBSA name
- TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,140
$140,120
$329,852
$469,972
-
$140,120
$329,852
$469,972
