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Upper Grand Lagoon 32408 Sanctuary Beach
3553 Sanctuary Drive
Photo of 3553 Sanctuary Drive
Sold on Jun 3, 2020

10

Map

Photo of 3553 Sanctuary Drive
Photo of 3553 Sanctuary Drive
$64,500
● Land - Off Market

3553 Sanctuary Drive

Panama City Beach, FL 32408
bedrooms
Studio
bathrooms
0 Bath
$97,444
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

***** LARGE PRIVATE LOT ACROSS THE STREET FROM THE BAY POINT / JACK NICKLAUS GOLF COURSE*** Located in the EXCLUSIVE GATED COMMUNITY OF SANCTUARY BEACH. Sanctuary Beach is one of Panama City Beaches most exclusive and PRIVATE COMMUNITIES located close to shopping, dining, golf, tennis, Grand Lagoon Marinas and more. This is one of the LARGER LOTS which backs up to a protected wetland area with UNSURPASSED PRIVACY!. In addition, this lot is just steps away from the beautiful/private community pool. Don't let this opportunity to own this FANTASTIC LOT to build your DREAM BEACH HOME pass you by!.
Unit Size
-
Days on Market
257 days
Land Size
0.16 acres
Price per sqft
-
Property Type
Land
Property Taxes
$39
HOA Dues
$150
Year Built
2022

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 29 days ago ( #688756)

Price History

Date / Event Date Event Price
Nov 14, 2022 Sold
Premium
Sold
Oct 6, 2021 No longer available -
No longer available
Mar 19, 2021 Sold
Premium
Sold
Mar 10, 2021 In contract -
In contract
Nov 10, 2020 Listed by Keller Williams Success Realty $79,000
Listed by Keller Williams Success Realty
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 9
  • Roof Cover Type: 14
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 550
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,761
  • Total Building Area: 4,031
  • Gross Building Area: 4,031
  • Building Area: 3,481
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,481
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANCTUARY BEACH
  • Land Acres: 0000000155
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 00
  • Legal Description 1: SANCTUARY BEACH LOT 9 BLK F ORB 4630 P 799

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002608

Zoning

  • Zoning: BC19

Geography

  • Parcel: 31368-187-000
  • Block: F
  • Lot: 9
  • Meridian: SEC 14 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1413
  • Longitude: -85.7187

    Address

  • Full Address: 3553 Sanctuary Dr
  • Address - House Number: 3553
  • Address - Street Name: Sanctuary
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C002
  • 4-Digit Zip Code: 7495
  • Zip Code: 32408

Valuation

    Tax

  • Total Area: 3,903
  • Tax Year: 2023
  • Tax Amount: $735,474
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.4882
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 2
  • Final Value: 919,402
  • High Value: 1,368,305
  • Low Value: 470,498

    Market Valuation

  • Market Total Value: $629,094
  • Market Land Value: $110,346
  • Market Improvement Value: $518,748

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $629,094
  • Assessed Land Value: $110,346
  • Assessed Improvements Value: $518,748

    Sales

  • Current Sale Contract Date: Nov 10, 2022
  • Current Sale Recording Date: Nov 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 82176
  • Previous Sale Recording Date: Mar 19, 2021
  • Previous Sale Contract Date: Mar 18, 2021
  • Previous Sale Amount: $79,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sanctuary Beach

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$252

Below Asking

0.01%

Average Days on Market

110

Average Home Size

1477 ft²

Average Home Age

0.2 years

Currently For Sale

9 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Frequently Asked Questions

When was property at 3553 Sanctuary Drive built and last sold?
The property at 3553 Sanctuary Drive was built in 2022 and last sold on Nov 10, 2022 for $728,364.
How much is this home worth?
The estimated value of the home located at 3553 Sanctuary Drive is $79,790.
What are some comparable homes to 3553 Sanctuary Drive?
There are currently no comparable homes to 3553 Sanctuary Drive.
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