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2907 Sarah Jean Court, Panama City, FL 32408

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For Sale

$1,399,000

8 beds • 8 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 6-10 Years Old
    Age

Explore this Property

Attention Investors! Sarah Jean Cottages consists of four 2 bed 2 bath 800 sf cottages and 9 additional buildable lots in this quaint Panama City Beach neighborhood. Short term rentals are allowed and three of the cottages are currently rented on Airbnb with great returns. The fourth unit has a long-term lease. These beautiful properties have open floor plans with laminate flooring throughout, stainless steel appliances, granite countertops in the kitchen, tankless water heaters, tub/shower in guest bathroom and walk in shower in master. The short term rental units are fully furnished and outfitted and additionally come with washer and dryers. Paver driveways offer attractive parking. There are two different single story floor plans that have been built, but a two-story option could be built as well in the same footprint. An HOA has been drawn up but not finalized yet. The HOA would need to be established if the buyer wanted to sell the cottages individually. The common areas to maintain are the road, lift station and common grounds. The seller has done all of the needed development work except for installing electrical pedestals for the last 6 lots. Construction plans are included in the Documents. Survey can be provided. Please note that the two-story house in the back of the property is not part of this sale. Please don't disturb tenants if you drive by. Appointments need to be made to see inside the units. Rental numbers are included in the Documents. This sale includes three parcels: 30197-590-000, 30197-590-004, and 30197-590-014. Just a few minutes from the beach, and close to shopping, restaurants, boat rentals, and attractions such as golf, miniature golf, go-karts, Wonderworks, Ripleys and more!
MLS# 779488

Courtesy Of Keller Williams Success Realty

(850) 249-0313

Property Features

  • Age
    6-10 Years Old
  • Amenities
    Ceiling Fan
  • Appliances
    Dishwasher, Refrigerator
  • Cooling System
    Ceiling Fan(s)
  • Floor Covering
    Vinyl, Laminate
  • Lot Size
    0.71 Acres

Map and Directions

Directions to 2907 Sarah Jean Court, Panama City, FL 32408

Home seller CENTURY 21 Commander Realty, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Commander Realty, Inc.

(850) 769-8326
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.