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Lower Grand Lagoon 32408 Holiday Beach
7022 BEACH Drive
Photo of 7022 BEACH Drive
Sold on Nov 10, 2017

1

Map

$65,000
● Land - Off Market

7022 BEACH Drive

Panama City Beach, FL 32408
bedrooms
Studio
bathrooms
0 Bath
$130,074
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model

About This Property

Wonderful building lot! Only minutes away from the gulf as well as boat ramp access. Both Parcels sell for this one price. Parcel # 30808-014-000 & 30808-014-001
Unit Size
-
Days on Market
171 days
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$28
HOA Dues
-
Year Built
2019

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 24 days ago ( #656135)

Price History

Date / Event Date Event Price
Sep 13, 2023 Sold
Premium
Sold
Sep 28, 2022 Sold
Premium
Sold
Aug 16, 2022 Listed by Seltzer Real Estate, LLC $705,000
Listed by Seltzer Real Estate, LLC
Dec 30, 2020 Sold
Premium
Sold
Nov 27, 2020 No longer available -
No longer available
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 14
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 488
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 720
  • Total Building Area: 2,314
  • Gross Building Area: 2,314
  • Building Area: 1,826
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,826
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLIDAY BEACH
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 00
  • Legal Description 1: HOLIDAY BEACH UNIT #13 (4.01) LOT 3 LESS W 28 ALL OF LOT 4 ORB 4730 P 445 BLK V

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002605

Zoning

  • Zoning: BC15

Geography

  • Parcel: 30808-014-000
  • Block: V
  • Lot: 3,4
  • Meridian: SEC 08 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1581
  • Longitude: -85.7726

    Address

  • Full Address: 7022 Beach Dr
  • Legal Unit: 13
  • Address - House Number: 7022
  • Address - Street Name: Beach
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C011
  • 4-Digit Zip Code: 5419
  • Zip Code: 32408

Valuation

    Tax

  • Total Area: 2,197
  • Tax Year: 2023
  • Tax Amount: $686,960
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2095
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 71
  • Final Value: 692,893
  • High Value: 838,117
  • Low Value: 547,668

    Market Valuation

  • Market Total Value: $546,254
  • Market Land Value: $223,488
  • Market Improvement Value: $322,766

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $546,254
  • Assessed Land Value: $223,488
  • Assessed Improvements Value: $322,766

    Sales

  • Current Sale Contract Date: Sep 12, 2023
  • Current Sale Recording Date: Sep 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 58302
  • Previous Sale Recording Date: Sep 28, 2022
  • Previous Sale Contract Date: Sep 22, 2022
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: 71
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 Holiday Beach

Stats & Trends

Median Asking:

$510,000

Sale Price/ft²

$391

Below Asking

0.02%

Average Days on Market

146

Average Home Size

1398 ft²

Average Home Age

34.4 years

Currently For Sale

58 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 7022 Beach Drive built and last sold?
The property at 7022 Beach Drive was built in 2019 and last sold on Sep 12, 2023 for $715,000.
How much is this home worth?
The estimated value of the home located at 7022 Beach Drive is $692,803.
What are some comparable homes to 7022 Beach Drive?
There are currently no comparable homes to 7022 Beach Drive.
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