$170,000
$242,500
29.9%For more information regarding the value of a property, please contact us for a free consultation.
1414 Coastal Highway Panacea, FL 32346
2 Beds
2 Baths
1,768 SqFt
Key Details
Sold Price $170,000
Property Type Townhouse
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,768 sqft
Price per Sqft $96
Subdivision Panacea
MLS Listing ID 384561
Sold Date 07/25/25
Style Ranch,Cottage
Bedrooms 2
Full Baths 2
Construction Status Siding-Wood,Other
Year Built 1930
Lot Size 0.670 Acres
Lot Dimensions 100x300x100x300
Property Sub-Type Townhouse
Property Description
Prime Investment Opportunity in the Heart of Panacea! This versatile .67-acre Enterprise-zoned property sits in a prime location right next to the Dollar Store in downtown Panacea, backing up to a serene green space and just a short walk to the water—ideal for fishing enthusiasts and vacationers alike. Currently operating as a successful Airbnb, the fully renovated duplex features two stylish studio-style units, each with its own bathroom and hotel-style kitchenette, generating $100/night per unit. Everything feels fresh and new with updates including new floors, fresh paint, new kitchens, new roofs, and more—offering immediate income potential. Also included is a 1930s single-family home that has been completely gutted, providing a blank canvas for your creative vision. The sellers are offering their own renovation plans to help inspire your design ideas. Whether you're looking to expand your vacation rental portfolio or build out a unique mixed-use space in a growing coastal community, this property offers endless potential.
Location
State FL
County Wakulla
Area Wakulla-1
Rooms
Other Rooms Porch - Covered, Utility Room - Inside
Master Bedroom 12x12
Bedroom 2 12x12
Living Room 12x12
Dining Room 6x7 6x7
Kitchen 7x9 7x9
Family Room 0
Interior
Heating Central, Electric
Cooling Central, Electric
Flooring Tile, Vinyl Plank
Equipment Dryer, Microwave, Refrigerator, Washer, Cooktop
Exterior
Exterior Feature Ranch, Cottage
Parking Features Driveway Only
Utilities Available Electric
View Green Space Frontage
Road Frontage Maint - Gvt., Paved, Street Lights, Sidewalks
Private Pool No
Building
Lot Description Great Room, Separate Kitchen, Open Floor Plan
Story Story - One
Level or Stories Story - One
Construction Status Siding-Wood,Other
Schools
Elementary Schools Other County
Middle Schools Other County
High Schools Other County
Others
HOA Fee Include None
Ownership Richard A Morrison & Shal
SqFt Source Tax
Acceptable Financing Conventional, FHA, VA, USDA/RD, USDA/RF, 203K/Renovation
Listing Terms Conventional, FHA, VA, USDA/RD, USDA/RF, 203K/Renovation
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Bought with Bluewater Realty Group
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