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134 Damon Circle B, Panama City Beach, FL 32407 Active 1 / 51
$175,000

134 Damon Circle B, Panama City Beach, FL 32407

Panama City Beach, FL 32407
  • 1 Baths
  • 434 Sq Ft
  • 1989 Built
  • MLS 1009136

About this home

Looking for a condo in Panama City Beach that actually makes sense? Updated, ground-floor studio, strong cash flow, and just steps from the sand. This beautifully updated, fully furnished studio checks all the boxes. Located in a gated resort-style community, you'll enjoy parking right next to the unit, a short 6-minute walk to the beach, and strong short-term rental potential with a projected GRI of $27,000-$30,000. Inside, you'll find quality upgrades throughout, including solid wood cabinets, new countertops, a tiled walk-in shower, LVP flooring, stainless steel appliances, accent shiplap, new furniture, accessories, and more. Plus, this condo is located right next to one of the community pools and tennis courts, putting convenience at your doorstep. The major expenses have already been taken care of with a 2018 roof, hurricane-rated windows and doors, 2021 HVAC, and 2023 water heater, giving you peace of mind for years to come. The unit is truly turnkey with the possibility of future bookings transferring, making it ready to enjoy or start generating income right away. The COA is below average for Panama City Beach while offering exceptional value. It includes building insurance, water and sewer, exterior maintenance and painting, lawn care, trash, pest control, termite bond, gated security, and access to incredible resort-style amenities, including 11 pools (5 heated), a private Gulf-front pool and restaurant, tennis and pickleball courts, mini golf, shuffleboard, fitness center, playground, and beautifully maintained grounds. Whether you're looking for an affordable beach getaway or one of the best ROI opportunities in Panama City Beach, this one is definitely worth a look. Schedule your showing today!

Property details

Property typeCondominium
StatusActive
Area27 - Bay County
SubdivisionGulf Highlands Beach Resort
CityPanama City Beach
CountyBay
Zip32407
StyleN/A
Taxes$1,682
Tax year2025
HOAYes

Interior

Total rooms2
Full baths1
Half baths0
AppliancesDishwasher, Dryer, Microwave
CoolingCentral Air
HeatingCentral

Exterior & lot

Road frontageCity Street, County Road
Exterior featuresBalcony

Schools

ElementaryHutchinson Beach
MiddleSurfside
HighArnold

Community

Community featuresCommunity Room, Exercise Room, Playground, Pool, Tennis Court(s), Waterfront, Pickleball, Short Term Rental - Allowed
DirectionsEast on hwy 98, take a right on Richard Jackson Blvd then Take a Left on Middle Beach Rd, then take a Right at Gulf Highlands

Data source: Emerald Coast Association of REALTORS®

Location

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