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503 Albatross Street
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PRICED AT ONLY: $2,650,000

Address: 503 Albatross Street, Panama City Beach, FL 32413

Description

Introducing 503 Albatross, an epitome of luxury and elegance nestled in the heart of Panama City Beach's coveted Bid a Wee community. This magnificent three story masterpiece is not just a home; it's a gateway to a lifestyle marked by breathtaking Gulf views, unparalleled amenities, and an enviable proximity to a private, deeded beach access and the vibrant Margaritaville Resort.Designed with a discerning eye for detail, this sprawling 8 bedroom, 7.5 bath home exudes sophistication and comfort. Each floor has been meticulously crafted to offer ample space and privacy, making it ideal for large families or groups seeking a serene retreat. The third floor boasts a spacious family room complete with an oversized sectional, a foosball table, and stunning coastal furnishings that perfectly complement the home's elegant aesthetic.The heart of this home is its state of the art kitchen, featuring top of the line GE Cafe appliances and pristine quartz countertops. Custom trim and woodwork accentuate the space, creating an inviting environment for both casual meals and gourmet feasts. The open layout ensures that the kitchen flows seamlessly into the dining and living areas, making it perfect for entertaining.Step outside to discover your private haven. The expansive backyard is a paradise for outdoor enthusiasts, featuring an oversized saltwater pool, a sprawling patio, and ample seating areas for sunbathing or alfresco dining. The outdoor ping pong table and basketball games add a touch of fun for guests of all ages, ensuring every moment spent here is filled with joy. No detail has been overlooked in ensuring your comfort. Each bedroom is a sanctuary, offering ample space, cozy seating areas, and individual TVs. Dual washer and dryer sets on the second and third floors provide convenience, while the garage and drive offer parking for up to seven vehicles.This property is not only a dream home but also a lucrative investment opportunity. With short term rentals allowed and a location in the highly popular Panama City Beach vacation market, projections indicate an impressive annual return of over $290K. The home's turn key readiness, with elegant coastal furnishings and every conceivable amenity, ensures that it stands out in the rental market.Located just minutes from Pier Park, 30A and a short walk from your private deeded beach access, 503 Albatross places you at the heart of all that Panama City Beach has to offer. Whether you're seeking a tranquil escape or an active coastal lifestyle, this home provides the perfect balance of both.

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More Like This
  • MLS#: 759527 ( Residential )
  • Street Address: 503 Albatross Street
  • Viewed: 38
  • Price: $2,650,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2023
  • Bldg sqft: 0
  • Bedrooms: 8
  • Total Baths: 8
  • Full Baths: 7
  • 1/2 Baths: 1
  • Garage / Parking Spaces: 1
  • Days On Market: 191

Description

Introducing 503 Albatross, an epitome of luxury and elegance nestled in the heart of Panama City Beach's coveted Bid a Wee community. This magnificent three story masterpiece is not just a home; it's a gateway to a lifestyle marked by breathtaking Gulf views, unparalleled amenities, and an enviable proximity to a private, deeded beach access and the vibrant Margaritaville Resort.Designed with a discerning eye for detail, this sprawling 8 bedroom, 7.5 bath home exudes sophistication and comfort. Each floor has been meticulously crafted to offer ample space and privacy, making it ideal for large families or groups seeking a serene retreat. The third floor boasts a spacious family room complete with an oversized sectional, a foosball table, and stunning coastal furnishings that perfectly complement the home's elegant aesthetic.The heart of this home is its state of the art kitchen, featuring top of the line GE Cafe appliances and pristine quartz countertops. Custom trim and woodwork accentuate the space, creating an inviting environment for both casual meals and gourmet feasts. The open layout ensures that the kitchen flows seamlessly into the dining and living areas, making it perfect for entertaining.Step outside to discover your private haven. The expansive backyard is a paradise for outdoor enthusiasts, featuring an oversized saltwater pool, a sprawling patio, and ample seating areas for sunbathing or alfresco dining. The outdoor ping pong table and basketball games add a touch of fun for guests of all ages, ensuring every moment spent here is filled with joy. No detail has been overlooked in ensuring your comfort. Each bedroom is a sanctuary, offering ample space, cozy seating areas, and individual TVs. Dual washer and dryer sets on the second and third floors provide convenience, while the garage and drive offer parking for up to seven vehicles.This property is not only a dream home but also a lucrative investment opportunity. With short term rentals allowed and a location in the highly popular Panama City Beach vacation market, projections indicate an impressive annual return of over $290K. The home's turn key readiness, with elegant coastal furnishings and every conceivable amenity, ensures that it stands out in the rental market.Located just minutes from Pier Park, 30A and a short walk from your private deeded beach access, 503 Albatross places you at the heart of all that Panama City Beach has to offer. Whether you're seeking a tranquil escape or an active coastal lifestyle, this home provides the perfect balance of both.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Balcony, SprinklerIrrigation, OutdoorShower, Patio, Columns, RainGutters
  • Fencing: Fenced
  • Living Area: 3945.00
  • Roof: Metal
Land Information
  • Lot Features: Cleared
School Information
  • High School: Arnold
  • Middle School: Surfside
  • School Elementary: Hutchison Beach
Garage and Parking
  • Garage Spaces: 1.00
  • Open Parking Spaces: 0.00
  • Parking Features: Attached, Driveway, Garage, GarageDoorOpener, Paved
Eco-Communities
  • Pool Features: Fenced, Gunite, GasHeat, InGround, SaltWater
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, CeilingFans, Electric
  • Heating: Central, Electric
  • Road Frontage Type: CityStreet
  • Utilities: CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, WaterConnected
Amenities
  • Association Amenities: BeachRights
Finance and Tax Information
  • Home Owners Association Fee: 100.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2023
  • Trash Expense: 0.00
Other Features
  • Appliances: BarFridge, Dryer, Dishwasher, Disposal, GasOven, GasRange, GasWaterHeater, IceMaker, Microwave, Refrigerator, RangeHood, TanklessWaterHeater, Washer
  • Furnished: Furnished
  • Interior Features: WetBar, BreakfastBar, Pantry
  • Legal Description: BID-A-WEE SUBDIV. LOT 8 BLK N ORB 4676 P 1945
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Tenant
  • Parcel Number: 34760-000-000
  • Style: Coastal
  • The Range: 0.00
  • View: Gulf
  • Views: 38
Nearby Subdivisions
[no Recorded Subdiv]   Bayside At Ward Creek   Beachside West   Beachwalk Condo   Bid A Wee   Bid-a-wee   Bid-a-wee Beach   Bid-a-wee Beach 1st Add   Breakwater At Ward Creek   Carillon Beach   Carillon Beach Phase Iii   Carillon Beach Phase Xxviii   Carillon Beach Phase Xxxvii   Crestview Heights   Crown Point   Diamond Head-lakeside   El Centro Beach   Gulf Highlands   Gulf Highlands Unit-1   Gulf Highlands Unit-2   Gulf Vista   High Ridge Estates   Hollywood Beach   Horizon South Townhouses   Inlet Beach Heights   Jamaican Lake   Kiska Beach   Kiska Beach 1st Add   La Valencia Beach Resort   Laguna Beach   Laguna Beach 2nd Add   Laguna Beach 3rd Add   Laguna Beach 4th Add   Laguna Beach 5th Add   Laguna Beach 7th Add   Laguna Beach 8th Add   Laguna Beach Estates   Laguna Beach Estates 1st Add   Laguna Beach Estates 4th Add   Laguna Beach Estates 5th Add   Laguna Beach Estates 6th Add   Laguna Beach Estates 7th Add   Laguna Beach Estates 9th Add   Laguna Haven   Lakeside   Lakeside By The Gulf   Lakeside Villas   Latitude At Watersound   Lullwater Beach   Margaritaville Cottages   Miller's Landing On Lake Powel   Miramar Beach   Miramar Beach 1st   Miramar Heights   No Named Subdivision   North Bid-a-wee Beach 1st Add   Open Sands   Open Sands Blk. F   Osprey Pointe At Powell   Palmetto Trace   Palmetto Trace Phase 1   Palmetto Trace Phase 2   Palmetto Trace Phase Iii   Palmetto Trace Phase Iv   Paradise Grove   Pointe Panama   Reviera Beach Villas   Rivercamps On Crooked Creek   Rivercamps On Crooked Creek Ph   Riviera Beach   Riviera Beach 1st Add   Royal Palms Of Laguna Beach   Sand Dollar Estates   Sea Town   Seaclusion Beach   Seagull Beach   Seakove Heights Unrec   Seminole Ridge   Shores   Shores Townhouses   Southfield Sec 1   Summer Breeze Phase I   Summer Towne Cottage Condo Ph    Summerwood   Summerwood Phase I   Summerwood Phase Ii   Sunnyside   Suntime Beach U-1   The Palms   The Preserve At Lake Powell   Turtle Cove At Lake Powell   Villa Chateaus   Waterview   Wells Gulf Beach Estates   Wendwood Townhomes   Westlake Estates Phase Ii   Westwood Beach Estates   Whisper Dunes   White Sands Estates   Wild Heron Phase I   Wild Heron Phase Ii   Wild Heron Phase Iii   Wild Heron Phase Ix   Wild Heron Phase V   Wild Heron Phase Viii   Wild Heron Phase Xiv  
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Details for 20724 First Avenue, Panama City Beach, FL 32413
$2,750,000.00

20724 First Avenue Green Listing More Like This

Will divide and sell the west side separate. This Brand New Construction duplex with professional interior designs provides relaxing and charming ambience located a block from Beach Access 84 and 5 mi

  1. Request Information
  1. Bedrooms: 8
  2. Baths: 10
  1. MLSID: 745066
  2. Provided by Beach King Realty
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