3 Beds
2 Baths
1,076 SqFt
3 Beds
2 Baths
1,076 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,076 sqft
Price per Sqft $743
Subdivision Miramar Beach 1St
MLS Listing ID 791996
Style Ranch
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1966
Tax Year 2025
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Single Family Residence
Property Description
THE CASH FLOW & INVESTMENT:
• Turnkey Revenue: Proven 4-year rental history averaging $3,425/month in gross income.
• Immediate Income: Current reliable tenants are already in place, making this an ideal, seamless vehicle for 1031 exchange placement from day one.
• The Layout: Set up as a highly functional, income-producing configuration featuring a 2BR/1BA main home plus a completely separate, private-entrance studio apartment with its own kitchen and full bath.
THE ARCHITECTURAL VALUE:
Forget cookie-cutter beach builds. The existing structure is a rare, mid-century modernist jewel built in the classic California Eichler style. It features stunning original terrazzo floors, striking tongue-and-groove cathedral wood ceilings, and timeless stucco construction. A preservationist's dream beach retreat or a luxury hybrid rental space with unparalleled character.
THE DEVELOPER / ASSEMBLAGE OPPORTUNITY:
Zoned R-1c and situated entirely in a preferred Flood Zone X (no flood insurance required by Lender!). Because the structure sits on an oversized double lot, there is an opportunity to be subdivided into two premium buildable lots with Gulf views. Crucially, this property is surrounded on all sides by vacant lots, creating a rare and highly lucrative potential assemblage play for an investor looking to capture a massive, continuous footprint on the quiet west end of PCB.
Whether you choose to collect the steady $3,400+/month check, restore a mid-century modernist masterpiece with a resort-style pool yard, or leverage the surrounding vacant parcels for a major development play, the ceiling on this property is incredibly high. Sold as-is. Do not disturb tenants. Buyers to verify all dimensions and zoning specs.
Location
State FL
County Bay
Area 03 - Bay County - Beach
Interior
Interior Features Tub Shower
Cooling Central Air, Ceiling Fan(s)
Fireplace No
Appliance Electric Range
Exterior
Exterior Feature Patio
View Y/N Yes
View Gulf
Porch Patio
Private Pool No
Building
Foundation Slab
Architectural Style Ranch
Additional Building Shed(s)
New Construction No
Schools
Elementary Schools West Bay
Middle Schools Surfside
High Schools Arnold
Others
Restrictions No Short Term Rentals
Tax ID 38501-000-000
Special Listing Condition Listed As-Is
Nearby Locations
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