1414 Coastal Highway #1 Active Save Request In-Person Tour Request Virtual Tour
Panacea,FL 32346
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,768 sqft
Price per Sqft $137
Subdivision Panacea
MLS Listing ID 384565
Bedrooms 3
Full Baths 3
Year Built 1930
Property Sub-Type Multi-Family
Property Description
Prime Investment Opportunity in the Heart of Panacea! This versatile .67-acre Enterprise-zoned property sits in a prime location right next to the Dollar Store in downtown Panacea, backing up to a serene green space and just a short walk to the water—ideal for fishing enthusiasts and vacationers alike. Currently operating as a successful Airbnb, the fully renovated duplex features two stylish studio-style units, each with its own bathroom and hotel-style kitchenette, generating $100/night per unit. Everything feels fresh and new with updates including new floors, fresh paint, new kitchens, new roofs, and more—offering immediate income potential. Also included is a 1930s single-family home that has been completely gutted, providing a blank canvas for your creative vision. The sellers are offering their own renovation plans to help inspire your design ideas. Whether you're looking to expand your vacation rental portfolio or build out a unique mixed-use space in a growing coastal community, this property offers endless potential.
Location
State FL
County Wakulla
Area Wakulla-1
Rooms
Other Rooms Utility Room - Inside
Interior
Heating Central,Electric
Cooling Central,Electric
Flooring Ceramic/Clay,Vinyl
Equipment Microwave,Refrigerator,Wash/Dry Some,Units Vary
Exterior
Parking Features Assigned Spaces
Building
Lot Description Great Room,Kitchen - Galley
Story Story - One
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
Others
Acceptable Financing Cash,Conventional,FHA,VA,USDA/RD,USDA/RF
Listing Terms Cash,Conventional,FHA,VA,USDA/RD,USDA/RF
Virtual Tour https://home-shot-media.aryeo.com/sites/1414-coastal-hwy-panacea-32346-15291430/unbranded