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Back 7405 Beach Drive
Off Market

7405 Beach Drive

Lower Grand Lagoon FL 32408

3
2
1294 sq. ft.
0.06 ac.
Townhouse
Last sold for $405,000
Eric R ChristenEric R Christen, last sold this property on 03 August 2023 after 78 days on market.

Overview

This beachy townhouse could be the ideal rental investment, 2nd home, or primary home! Located in east Panama City Beach this townhome is directly across from the Rick Seltzer Park public beach access. You can even see the Gulf of Mexico from the 2nd floor balcony! This townhome has no HOA, no flood insurance required, and there are no restrictions on short term rentals. With projections up to $55K you could see an 8% CAP RATE! Newer 2019 roof along vinyl siding, trex decking replaced with Trex. This townhouse is loaded with potential and ready for a new owner to turn into a STR rental machine. Located just minutes away from the best attractions and restaurants on the beach, it would be hard to find a better investment at this price. Lots of recent updates including a brand new AC system!!

Features

3 bedrooms
2 bathrooms
1294 sq. ft. floor area
0.06 ac. lot size
Townhouse

Estimated Value

Based on this property and similar 3 bedroom townhouses sold in Lower Grand Lagoon over the last 12 months, the estimated median property value of 7405 Beach Drive is $433k.

Median value
$433k
Estimated value range
$254.9k - $1.03m
Median days on market
139
Estimated value trend
64%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Lower Grand Lagoon. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 7405 Beach Drive

2023
Sold
$405,000
03 Aug 2023 by Eric R Christen, of REVEDY REALTY LLC

Happy sellers in Lower Grand Lagoon

91%
91% of sellers in Lower Grand Lagoon reported that their sale price either exceeded or met their price expectations.

Lower Grand Lagoon stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 31 reviews in Lower Grand Lagoon over the last 12 months.

Local market activity for 3 bedroom townhouses in Lower Grand Lagoon

In the last 12 months, 13 three-bedroom townhouses similar to 7405 Beach Drive, have been sold.

This represents a 71% decrease in three-bedroom townhouses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lower Grand Lagoon

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Zack Seltzer

Zack Seltzer is an award winning recommended agent for Lower Grand Lagoon.  They have 28 local sales and collected 10 local reviews across the last 12 months.

  •   5   (68 reviews)
  •  10 Reviews in Lower Grand Lagoon
  •  28 Sales in Lower Grand Lagoon
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Alice de La Penha

Alice de La Penha is an award winning recommended agent for Lower Grand Lagoon.  They have 20 local sales and collected 7 local reviews across the last 12 months.

  •   5   (144 reviews)
  •  7 Reviews in Lower Grand Lagoon
  •  20 Sales in Lower Grand Lagoon
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Sean Casilli

Sean Casilli is a recommended agent for Lower Grand Lagoon.  They have collected 6 local reviews across the last 12 months.

  •   5   (21 reviews)
  •  6 Reviews in Lower Grand Lagoon
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Tyler S Smith

Sellers who recommend Tyler S Smith have praised them for being local expert, clear communication, responsive, great negotiation, detail-oriented, well-prepared, and proactive

  •   5   (69 reviews)
  •  6 Reviews in Lower Grand Lagoon
  •  6 Sales in Lower Grand Lagoon
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