23223 Front Beach RD #A509 Panama City Beach, FL 32413
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Subdivision Pinnacle Port Phase 1-A
MLS Listing ID 773638
Style High Rise
Bedrooms 1
Full Baths 2
HOA Y/N Yes
Year Built 1970
Property Sub-Type Condominium
Property Description
This premier complex offers incredible amenities including two pools (one partially covered), tennis and shuffleboard courts, an exercise room, game room, playground, kayak and canoe rentals, grilling and picnic areas, boat slips, fishing docks, and saunas. Tucked between Lake Powell and the Gulf, you truly get the best of both worlds with nature all around and the beach just steps away.
HOA dues cover water, trash, exterior insurance, heating and cooling, and grounds maintenance—leaving only electricity as your utility, which averages just $30/month. Located across from Camp Helen State Park and only five minutes from the upscale shopping, dining, and charm of 30A communities like Rosemary Beach and Alys Beach.
For an updated, self-managed, and well-marketed 2BR unit at Pinnacle Port, you can expect:
Avg Daily Rental Rate: $210-$240 per night (higher end due to updates and direct bookings)
Occupancy: ~60-65% annually (above market average with strong marketing)
Estimated Annual Revenue:
At $210/night × 60% occupancy = $46,000/year
At $240/night × 65% occupancy = $57,000/year
Realistic range: $46K-$57K annually if managed effectively and kept in top condition.
CAP RATE OF 10.48%
Painting in living area will not convey.
All information is deemed reliable but not guaranteed; buyer to verify if important.
Location
State FL
County Bay
Community Barbecue, Basketball Court, Beach, Dock, Elevator, Game Room, Playground, Pool, Sport Court(S), Tennis Court(S), Waterfront, Gated, Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Breakfast Bar, Window Treatments
Heating Central, Electric
Cooling Central Air
Fireplace No
Appliance Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator, Range Hood, Washer
Exterior
Exterior Feature Balcony
Parking Features Parking Lot, Gated
Pool Fenced, Gunite, In Ground, Community
Community Features Barbecue, Basketball Court, Beach, Dock, Elevator, Game Room, Playground, Pool, Sport Court(s), Tennis Court(s), Waterfront, Gated, Short Term Rental Allowed
Utilities Available Cable Connected, Electricity Available, Trash Collection
Amenities Available Beach Rights, Game Room, Gated, Gazebo, Barbecue, Sauna
Waterfront Description Gulf,Lake,Shoreline - Sand,Waterfront
View Y/N Yes
Water Access Desc Gulf,Lake,Shoreline - Sand,Waterfront
View Gulf, Lake
Porch Balcony
Building
Lot Description Waterfront
Sewer Public Sewer
Architectural Style High Rise
New Construction No
Schools
Elementary Schools West Bay
Middle Schools Surfside
High Schools Arnold
Others
HOA Fee Include Clubhouse,Cable TV,Fitness Facility,Fishing Rights,Insurance,Internet,Maintenance Grounds,Pool(s),Sewer,Trash,Water
Tax ID 36463-260-000
Security Features Firewall(s),Fire Sprinkler System,Gated with Guard,Gated Community,Fire Alarm,Security Gate,Smoke Detector(s),Security Service
Acceptable Financing Cash
Listing Terms Cash
Financing Conventional
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