15928 Front Beach Rd #404, Panama City Beach, FL 32413

If you're looking for one of the highest cap rate investment returns along the Emerald Coast, you've found it! With $62K in gross rentals, this coastal gem generating a 12% cap rate in Calypso Towers III makes a compelling vacation rental investment property. Located on the 4th floor in PCB's newest high rise, this unit offers amazing gulf views and the ultimate in modern luxury. The largest 1B/2B plan with 1,074 square feet has incredible gulf views from both the master and living areas. This turnkey, fully furnished unit is the lowest priced and best value unit in this prime Front Beach Rd location. A well-appointed kitchen with upgraded appliance package overlooks a spacious, light-filled living room with queen sleeper sofa. Private master ensuite with sitting room includes king bed and twin sleeper for extra sleeping. Second full bath with shower, stackable washer/dryer and owners closet located immediately upon entering the front door. This unit has extra privacy with elevator located just outside front door with a private entrance exclusively for you and your guests and easy access to parking garage. Conveniently located adjacent to popular shopping, dining, entertainment venues at Pier Park and along the emerald coast and walking distance to turquoise waters and sugar sand beaches of the Gulf. Amenities include a private pool, private cabanas, health club, onsite shop/eatery, private beach, and garage parking. This turnkey unit is currently self-managed and sold fully-furnished. Sellers are motivated and ready to entertain offers. Buyer to verify all dimensions.