109 Granger Lane, Panama City Beach, FL 32413
- $849,000
- 4
- BD
- 4
- BA
- List Price
- $849,000
- Status
- ACTIVE
- Price Change
- ▼ $50,000 1784760000
- MLS#
- 781140
- Subtype
- Residential
- Style
- Duplex
- Year Built
- 1983
- Bedrooms
- 4
- Bathrooms
- 4
- Full Baths
- 4
- Lot Size
- 10,019
- Acres
- 0.23
- Subdivision
- Laguna Beach
- Neighborhood
- Beach - West Central
- MLS Area Major
- Bay County - Beach
Property Description
Luxury Beachside Duplex | Laguna Beach | No HOA | High-Yield STR Potential Discover the ultimate ''Laguna Beach Lifestyle'' at 109 Granger Lane. Nestled on a rare 0.25-acre lot just steps from the Gulf of Mexico, this 2,738 sq. ft. duplex offers the perfect blend of coastal charm and massive investment upside. Whether you are looking for a high-performing short-term rental, a multi-generational beach retreat, or a ''live-in-one, rent-the-other'' setup, this turnkey property delivers. The Property Highlights: Prime Location: Situated in the golf-cart-friendly Laguna Beach community, minutes from 30A but without the 30A price tag. Flexible Layout: Currently configured as a spacious duplex (4BR total), the property features rear entries and efficiency kitchens upstairs, offering the rare potential to be converted into a Quadplex. Turnkey Ready: Professionally furnished and decorated--this ''Gem'' is ready to hit the rental market on day one. Outdoor Oasis: The oversized lot provides ample parking for guests and toys, with plenty of room to add a private pool to further boost rental ADR (Average Daily Rate). Unbeatable Views: Rare dual-aspect appeal with Gulf proximity to the south and serene waterfront lake views to the north. Investment Snapshot: Projected Annual Income: Up to $130,000 in gross short-term rental revenue. Land Value: Situated on a premium parcel with land value alone estimated near $700k. No HOA: Total freedom for owners with no restrictive associations or monthly dues. Experience the quiet side of PCB with easy beach access and high-end vibes. 109 Granger Lane isn't just a home; it's a strategic asset in the Florida Panhandle's most sought-after growth corridor.
Additional Information
- Interior Features
- Balcony, Interior Steps, Sitting Area in Primary
- Exterior Features
- Covered Patio, Deck, Patio, Outdoor Shower
- Community Features
- Laguna Beach
- Property Description
- Duplex
- Zoning
- Resid Multi-Family
- Appliances
- Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
- Heating
- Ductless
- Air Conditioning
- Ceiling Fan(s), Ductless
- Exterior Construction
- Stucco
- Roof
- Composition, Shingle
- Parking
- Additional Parking
- Elementary School
- West Bay
- Middle School
- Surfside
- High School
- Arnold
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Listing courtesy of Christies International Real Estate Emerald Coast.