644 W Caladium Circle, Panama City Beach, FL 32413 (MLS# 990828)

644 W Caladium Circle, Panama City Beach, FL 32413

$3,404,000

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Property Type: Commercial for Sale Lot Size (sq. ft.): 11,326 Status: Active

Current Price: $3,404,000 List Date: 12/05/2025 Last Modified: 12/05/2025

Overview

Description

644 W Caladium Circle presents a rare, high-performing investment opportunity in a premier beachside location. This fully refreshed 26-unit complex features 22 studios, two 1BR/1BA units, and two 2BR/1BA unitsâ€'each updated with new paint, composite flooring, modern fixtures, refreshed bathrooms, and upgraded appliances. A consistently strong occupancy rate ensures immediate Day-One cash flow, further enhanced by an income-producing onsite laundry facility that adds to overall revenue. Ideally positioned directly across from the Gulf with beach views and easy walkability to dining, shopping, Pier Park, Topgolf, and easy access to Dolly Parton's Pirates Voyage Dinner & Show, this property offers exceptional potential for both long-term and short-term rental strategies.

Supplements: With recent pricing adjustments, this coastal asset now delivers even greater value in one of PCB's most in-demand corridors.

Listing Details MLS# 990828

Contract Info

GCCMLS Number: 43959531
Listing Board: Emerald Coast

Location Tax and Legal

Area: 27 - Bay County
Street #: 644
Street Direction: W
Street Name: Caladium
Street Suffix: Circle
State: FL
Zip Code: 32413
County: Bay
Parcel ID: 33832-001-000 & 33832-003-000

General Property Info

Acreage: 0.26

Multi-Family

# of Units: 26

More Information

Location, Tax and Legal

Sub Area: 2718 - Beach - Central South
Legal Description: OPEN SANDS LOTS 1 & 2 BLK A ORB 3898 P 1025 & OPEN SANDS (1.01) TRI PCL ADJ S LINE BLK A ORB 3898 P 1025

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: 644 W Caladium Circle presents a rare, high-performing investment opportunity in a premier beachside location. This fully refreshed 26-unit complex features 22 studios, two 1BR/1BA units, and two 2BR/1BA unitsâ€'each updated with new paint, composite flooring, modern fixtures, refreshed bathrooms, and upgraded appliances. A consistently strong occupancy rate ensures immediate Day-One cash flow, further enhanced by an income-producing onsite laundry facility that adds to overall revenue. Ideally positioned directly across from the Gulf with beach views and easy walkability to dining, shopping, Pier Park, Topgolf, and easy access to Dolly Parton's Pirates Voyage Dinner & Show, this property offers exceptional potential for both long-term and short-term rental strategies.

Class

Multi-Family: Yes

Property Features

Class: Multi-Family

Listing Office: Luxe Coastal Realty

Last Updated: December - 05 - 2025

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.