139
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339 Wahoo Road
About This Property
Built for entertaining, this home takes indoor-outdoor living to another level. The expansive waterfront outdoor area features a pool, hot tub, Trex deck, gas fire pit, outdoor cooking area, indoor bar, extensive indoor/outdoor bar and gathering spaces, and multiple indoor/outdoor beverage coolers--all overlooking the Grand Canal. Whether you're hosting a large celebration, cooking by the pool, gathering around the fire pit, or unwinding in the hot tub after a day on the water, this space was designed to enjoy the Florida lifestyle year-round.
Inside, custom details set this home apart, including a stunning pecky cypress and blue epoxy river knee wall, pecky cypress handrails, and an impressive marble and real-wood fireplace. Walls of windows keep the Grand Canal at the center of the home, complemented by electric living room blinds and solar-controlled bedroom shades.
The spacious kitchen features two refrigerators and a double oven, while the primary suite includes a double Jacuzzi tub. An in-law suite with a separate exterior entrance offers added flexibility for guests or multigenerational living. Additional coastal-minded features include high-impact glass, hurricane-rated doors, and a roof designed to meet applicable wind standards. The property is also located on a desirable section of the canal outside the mapped flood zone.*
Living in Bay Point means enjoying much more than the home itself. This gated Panama City Beach community offers a Jack Nicklaus-designed golf course, Bay Point Marina, waterfront restaurants and bars, and Serenity Spa. Head through the back gate and you're just minutes from the beaches, St. Andrews State Park, and Thomas Drive dining and nightlife.
Waterfront. Boating. Golf. Beaches. Entertaining. 339 Wahoo Road brings it all together. Spend the day on the Gulf, pull your boat up to your own dock, then end the evening poolside or around the fire overlooking the Grand Canal. This is Panama City Beach waterfront living at its best.
Furnishings are negotiable,
*Buyer to verify canal frontage, water depth, flood zone designation, wind/hurricane ratings, boating access, community amenities, measurements, and all information deemed important.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 10, 2026 | In contract | - | |
| In contract | |||
| Sep 14, 2026 | Price Decreased |
$2,100,000
↓ $114K
(5.1%) | |
| Price Decreased | |||
| Aug 28, 2026 | Listed by Salty Marlin Realty LLC | $2,213,875 | |
| Listed by Salty Marlin Realty LLC | |||
| Mar 23, 2023 | Sold | ||
| Sold | |||
| Dec 28, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017