Condo Package Investment Opportunity In Golf Resort

Multi-Family for Sale
Catylist Listing ID: 30830658
Property Subtypes: Low-Rise/Garden
Number of Units: 10 Units
Building Size (RSF): 1,800 SF
Gross Building Area: See Agent
Sale Price: $3,360,000
Unit Price: $336,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Vacation Rental Income: Yes
Last Updated: 3/1/2023

Overview / Comments

This unique opportunity at Audubon-certified St. James Bay Golf Resort includes 10 condos ranging from two bedrooms, two baths and 1,500 square feet to three bedrooms, three baths and 1,800 square feet. It is an ideal opportunity for an investor or someone with 1031 exchange money to spend. Gross Revenues are approximately $420,000 per year. The golf course meanders through rugged vegetation and wetlands, where sightings of cranes, hawks, eagles, black bears and alligators are a regular occurrence. These properties are located near SummerCamp Beach, an off-the-beaten-path stretch of beach where you can engage in watersports, fishing and swimming, and various area parks. You're just moments from dining, shopping and entertainment options including the town of Carrabelle and the 14,366-acre Alligator Harbor Aquatic Preserve. Unit numbers are: 211, 212, 222, 223, 232, 233, 311, 314, 322, 324.

Additional Details

Nearest MSA: Panama City
County: Franklin
Tax ID/APN: 05-07S-03W-1003-0002-0213
Community Amenities: Outdoor Pool
Airports: Apalachicola, Tallahassee
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 2006
Roof Type: Other
Construction/Siding: Concrete
Parking Type: Surface
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 554 971
Median Age: 57.32 57.47
Households: 300 522


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