503 Albatross St, PANAMA CITY BEACH

$2,850,000

8 Beds
8 Baths
3,945 Sqft
.21 Acres
1 Garages

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 thatperfectly complement the home's elegant aesthetic.

The heart of this home is its state-of-the-art kitchen, featuring top-of-the-line GE Café 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 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.

Essential Information
MLS® #953911
Price$2,850,000
Bedrooms8
Bathrooms8.00
Full Baths7
Half Baths1
Square Footage3,945
Acres0.21
Year Built2023
TypeResidential
Sub-TypeDetached Single Family
StyleBeach House
StatusActive
WaterviewGULF
Last Taxes2593.00
Last Tax Year2023
Community Information
Address503 Albatross St
AreaBay County
SubdivisionBID-A-WEE S/D
CityPANAMA CITY BEACH
CountyBAY
StateFL
Zip Code32413
Amenities
AmenitiesShort Term Rental - Allowed
Parking Spaces1
ParkingGarage, Garage: Attached
# of Garages1
Has PoolYes
Utilities

Electric Available, Public Sewer Available, Public Water Available, Gas - Natural, TV Cable Available

Pool

Pool - In-Ground, Private, Pool - Gunite Concrt, Pool - Heated, Community

Interior
HeatingHeat: Central Electric
# of Stories3
Interior Features

Ceiling Tray/Cofferd, Furnished - All, Kitchen Island, Owner's Closet, Pantry, Washer/Dryer Hookup, Wet Bar, Window Treatment All, Breakfast Bar

Appliances

Auto Garage Door Opn, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator, Refrigerator W/Ice Maker, Washer, Fire Alarm/Sprinkler, Security System, Stove/Oven Gas

Cooling

A/C: Central Electric, Ceiling Fans

Exterior
RoofRoof Metal
Exterior

Siding CmntFbrHrdBrd, Roof Metal

Exterior Features

Fenced Back Yard, Fenced Privacy, Patio Covered, Patio Open, Pool - In-Ground, Sprinkler System, Balcony, Columns, Pool - Gunite Concrt, Pool - Heated, Shower, Rain Gutter

School Information
ElementaryHUTCHISON BEACH
MiddleSurfside
HighARNOLD
Additional Information
Days on Website20
ZoningResidential Single Family
HOA Fees100.00
HOA Fees Freq.Annually
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DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Courtesy Of Compass. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2024, All rights reserved.
Vendors Member Number : 28325

Listing information last updated on July 24th, 2024 at 12:30pm CDT.

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