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523 Wahoo Road
About This Property
The main living areas are oriented to showcase tranquil water views, with large windows and easy flow to the outdoor spaces. A spacious, open design connects both living rooms, the dining area, and the kitchen, creating an inviting layout ideal for everyday living and entertaining. Distinctive sunken living rooms add architectural character and warmth, providing comfortable gathering spaces with timeless appeal.
The kitchen features generous counter space, abundant cabinetry, and a functional layout suited for everything from casual mornings to hosting family and guests. The privately situated primary suite captures canal views and offers ample closet space and an en suite bath designed for comfort and privacy. Three additional bedrooms and two full baths provide flexibility for guests, a home office, or additional living space, making this property well suited as either a primary residence or a coastal second home.
Outdoor living is central to the appeal of this canal-front property. With direct access to the Gulf of Mexico, it is ideal for boating, fishing, and exploring the surrounding waterways. The waterfront setting offers room to relax, dine, and enjoy the peaceful canal views throughout the year.
Located within Bay Point, a gated marina and golf community in Panama City Beach, residents benefit from controlled access, optional golf and tennis, nearby dining, and convenient proximity to local beaches, marinas, and area amenities. This combination of secure, established neighborhood setting and direct boating access to the Gulf makes 523 Wahoo Road a rare opportunity for spacious canal-front living in one of Panama City Beach's most desirable coastal communities.
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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 |
|---|---|---|---|
| Oct 27, 2026 | Price Decreased |
$1,050,000
↓ $20K
(1.9%) | |
| Price Decreased | |||
| Oct 21, 2026 | Relisted | $1,070,000 | |
| Relisted | |||
| May 17, 2026 | Listed by Corcoran Reverie | $1,070,000 | |
| Listed by Corcoran Reverie | |||
| Oct 25, 2011 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017