Premium Investment Condo in Calypso's West Tower

Investors take note – here is the rental condo you have been searching for! The 2 bedroom plus bunk room floor plan at Calypso has long been recognized as one of the best floor plans for rentals on Panama City Beach. Calypso Resort and Towers is in a prime rental location, just steps away from the area’s central shopping, dining, and entertainment hub, Pier Park. There, you can dine at signature restaurants like Margaritaville, experience in IMAX movie in The Grand Theater, then stroll along the sugar white sand beach as the sun sets over the Gulf of Mexico.

In addition, owners and guests alike will appreciate the first-class amenities offered at Calypso Resort and Towers. Spend a lazy afternoon lounging on the spacious pool deck sipping on beverages from the Tiki Bar, make a splash in one of the two Gulf front lagoon style pools (one of which is heated seasonally), or walk a few more steps down to the beach for an afternoon collecting shells and frolicking in the emerald green waters. Calypso also offers a fitness center and game room.

Located in Calypso’s highly desirable West Tower, unit #2-302 is a solid choice for rental investors. In 2015, Calypso #2-302 brought in $47-48K, plus taxes and cleaning fees. This condo easily cash flows with 20% down! It’s no surprise this unit rents so well with Calypso’s premium location close to Pier Park, combined with the unit’s excellent condition and location on the 3rd floor. Guests can park in the covered garage and never have to step foot in an elevator or climb stairs to access the unit. Simply park, cross the 3rd floor walkover, turn the corner, and enter this stunning beach retreat! Step inside this beachfront oasis to find the wow factor that drives rentals, with touches like hardwood floors throughout the great room and bedrooms, professionally decorated interior with attractive furnishings, and breathtaking 3rd floor ocean views. The private Gulf front balcony, which can be accessed from the living area as well as the master suite, is the perfect spot to enjoy warm sea breezes and admire stunning sunset views over the Gulf. A dedicated laundry room is a much-appreciated convenience for families after a full day playing on the beach.

15817 Front Beach Rd #2-302

Panama City Beach, FL

Calypso Tower II

1,223 sf

2 Bed | 2 Bath | Bunk Room

Built in 2006
Offered at $392,000