$3,404,000
Panama City Beach, FL 32413
MLS# 990828
1 / 42
Property Description
644 W Caladium Circle presents a rare, high-performing investment opportunity in a premier beachside location. This fully refreshed 26-unit complex features 22 studios, two 1BR/1BA units, and two 2BR/1BA unitsâ€'each updated with new paint, composite flooring, modern fixtures, refreshed bathrooms, and upgraded appliances. A consistently strong occupancy rate ensures immediate Day-One cash flow, further enhanced by an income-producing onsite laundry facility that adds to overall revenue. Ideally positioned directly across from the Gulf with beach views and easy walkability to dining, shopping, Pier Park, Topgolf, and easy access to Dolly Parton's Pirates Voyage Dinner & Show, this property offers exceptional potential for both long-term and short-term rental strategies.
Details
Contract Info
GCCMLS Number: 43959531
Listing Board: Emerald Coast
List Date: 2025-12-05
List Price: $3,404,000
Location, Tax and Legal
Sub Area: 2718 - Beach - Central South
Legal Description: OPEN SANDS LOTS 1 & 2 BLK A ORB 3898 P 1025 & OPEN SANDS (1.01) TRI PCL ADJ S LINE BLK A ORB 3898 P 1025
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: 644 W Caladium Circle presents a rare, high-performing investment opportunity in a premier beachside location. This fully refreshed 26-unit complex features 22 studios, two 1BR/1BA units, and two 2BR/1BA unitsâ€'each updated with new paint, composite flooring, modern fixtures, refreshed bathrooms, and upgraded appliances. A consistently strong occupancy rate ensures immediate Day-One cash flow, further enhanced by an income-producing onsite laundry facility that adds to overall revenue. Ideally positioned directly across from the Gulf with beach views and easy walkability to dining, shopping, Pier Park, Topgolf, and easy access to Dolly Parton's Pirates Voyage Dinner & Show, this property offers exceptional potential for both long-term and short-term rental strategies.
Class
Multi-Family: 1
Multi-Family
# of Units: 26
None
Current Price: $3,404,000
Status Change Info
Status: Active
Location Tax and Legal
Area: 27 - Bay County
Street #: 644
Street Direction: W
Street Name: Caladium
Street Suffix: Circle
State: FL
Zip Code: 32413
County: Bay
Parcel ID: 33832-001-000 & 33832-003-000
General Property Info
Acreage: 0.26
Property Features
Class: Multi-Family
Supplements
With recent pricing adjustments, this coastal asset now delivers even greater value in one of PCB's most in-demand corridors.
Listing Office: Luxe Coastal Realty
Last Updated: December - 05 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
