501 Albatross Street

UNDER CONTRACT.SELLER ACCEPTING BACKUP OFFERS Looking for a Luxury Vacation Beach Home that's Income Producing? Welcome to your stunning, three-story, 8 Bed/ 7.5 Bath luxury beach home with gorgeous views of the Gulf of Mexico. Indoor and outdoor living collide gracefully in the main living area, which features glass sliding doors that open up to the private pool/spa, outdoor shower, and fenced-in backyard. Located in the quiet beach community of Bid-A-Wee Beach, in the heart of Panama City Beach, Florida, you'll have PRIVATE, GATED BEACH ACCESS down the street. This luxury beach home comes is ready to cash flow. This luxury beach home sleeps up to 22 guests, with vacation rental income projections estimated at $250K-$260K annually. Outside, the private saltwater pool takes center stage and is perfect for enjoying barbecues and entertaining friends and family. On the first level, you'll find an expansive living and dining area and a spectacular chef's kitchen offering custom cabinetry, High-End GE cafe appliances, a natural gas stove, a 48-inch GE Cafe refrigerator, and quartz countertops. This luxury beach home features multiple primary bedroom suites, with 4 of the 8 bedrooms having their own private ensuite bathrooms. There are two (2) separate laundry rooms, the first laundry room is on the 2nd floor, and the third laundry room on the 3rd floor. The third floor offers three bedrooms, and a large rec room, as well as an expansive private balcony that showcases stunning views of the Gulf of Mexico. This beach home also features a small attached garage, which is perfect for parking your golf cart, or storing beach equipment. Life is truly a vacation when you're just a short golf cart ride away from Bid-A-Wee's gated beach access with over 2200 feet of Dedicated Beach. This home is currently under construction and is expected to be completed February 2023. Designed and built by Mulder & Company, a locally owned, trusted builder known for their exceptional craftsmanship and attention to detail. **All interior listing photos are pictures of a model home that has similar finishes to this home, once construction is complete.** Floor plans and a list of all the upgrades and the specs for this home are available upon request. Call today to see this beautiful beach home in person!