253 Deermont Street, Panama City Beach, FL 32413

Panama City Beach
Local realty services provided by:Better Homes and Gardens Real Estate Historic
253 Deermont Street,Panama City Beach, FL 32413
$799,900
  • 3 Beds
  • 2 Baths
  • 1,076 sq. ft.
  • Single family
  • Active
Listed by: billy g seeberger
Office: think real estate
MLS#:791996
Source:FL_BCMLS

Price summary

  • Price:$799,900
  • Price per sq. ft.:$743.4

About this home

ATTENTION 1031 EXCHANGE BUYERS, INVESTORS, DEVELOPERS, & DESIGN ENTHUSIASTS: This is not just a beach lot--it is an active, cash-flowing asset with massive structural equity and huge development upside. Located less than 400 feet from the sand in Panama City Beach proper (Miramar Heights) with protected, elevated Gulf views, this rare 0.24-acre double lot offers an immediate return on investment alongside future development flexibility. THE CASH FLOW & INVESTMENT: • Turnkey Revenue: Proven 4-year rental history averaging $3,425/month in gross income. • Immediate Income: Current reliable tenants are already in place, making this an ideal, seamless vehicle for 1031 exchange placement from day one. • The Layout: Set up as a highly functional, income-producing configuration featuring a 2BR/1BA main home plus a completely separate, private-entrance studio apartment with its own kitchen and full bath. THE ARCHITECTURAL VALUE: Forget cookie-cutter beach builds. The existing...

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Home facts

  • Year built:1966
  • Subdivision & Development:Miramar Beach 1st
  • Listing ID #:791996
  • Added:50 day(s) ago
  • Updated:August 14, 2026 at 02:57 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:3
  • Kitchen Description:Electric Range
  • Living area:1,076 sq. ft.

Heating and cooling

  • Cooling:CeilingFans, CentralAir
  • Central air:Yes

Structure and exterior

  • Year built:1966
  • Building area:1,076 sq. ft.
  • Lot area:0.24 Acres
  • Architectural Style:Ranch
  • Construction Materials:Stucco
  • Exterior Features:Patio
  • Foundation Description:Slab
  • Levels:1 Story

Schools

  • High school:Arnold
  • Middle school:Surfside
  • Elementary school:West Bay

Finances and disclosures

  • Price:$799,900
  • Price per sq. ft.:$743.4

Features and amenities

  • Amenities:ElectricRange
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