$475,000
Panama City Beach, FL 32413
MLS# 973077
Status: Pending
1 beds | 2 baths | 841 sqft
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Property Description
High-Performing Short-Term Rental Grossing over $50K in 2025 | Gulf-Front at Calypso Resort. This is a turnkey Gulf-front 1-bedroom condo with hallway bunk beds and 2 full bathrooms located at Calypso Resort & Towers, one of the top-producing short-term rental resorts in Panama City Beach. This newly renovated unit offers direct Gulf views, a large private balcony, and overlooks Calypso's massive resort-style pool—features that consistently drive strong nightly rates and high occupancy. The floor plan is intentionally designed for short-term rental success. The hallway bunk beds create an additional sleeping area, allowing the condo to accommodate more guests than a standard 1-bedroom and directly increasing rental demand and income potential.
Details
Documents
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 564.8
List Date: 2025-04-04
Current Price: $475,000
List Price: $475,000
Location, Tax and Legal
Unit #: 1-507
Sub Area: 2718 - Beach - Central South
Elementary School: Hutchinson Beach
Middle School: Surfside
High School: Bay
Legal Description: CALYPSO TOWERS I UNIT 1-507 TYPE D ORB 3154 P 1314 1BR/2BA . 945 SQ.FT. . 841 H&C
General Property Info
Sub-Type: Condominium
Design: N/A
SqFt Source: County PA Records
Stories In Unit: 1
Stories in Building: 22
Unit Floors Above Ground: 5
Garage: Yes
Carport: No
Pool: Yes
Pool Type: Community
Apx SqFt(Htd/Cooled): 841
Bedrooms: 1
Full Baths: 2
Total Bathrooms: 2
Year Built: 2006
Garage Spaces: 1
Listing Info, Tax & Legal
Homestead: No
Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 2092.84
Annual Assessment Amount: 8371.36
Assessment Paid: Quarterly
New Buyer Fee: No
New Buyer Fee Paid: $
Last Taxes: 5036.02
Last Tax Year: 2024
Brokerage Interest: No Interest
As Is: No
Remarks & Misc
Remarks: High-Performing Short-Term Rental Grossing over $50K in 2025 | Gulf-Front at Calypso Resort.
This is a turnkey Gulf-front 1-bedroom condo with hallway bunk beds and 2 full bathrooms located at Calypso Resort & Towers, one of the top-producing short-term rental resorts in Panama City Beach. This newly renovated unit offers direct Gulf views, a large private balcony, and overlooks Calypso's massive resort-style pool—features that consistently drive strong nightly rates and high occupancy.
The floor plan is intentionally designed for short-term rental success. The hallway bunk beds create an additional sleeping area, allowing the condo to accommodate more guests than a standard 1-bedroom and directly increasing rental demand and income potential.
Waterfront
Gulf: 1
Construction Status
Construction Complete: 1
Parking Features
Garage: 1
Waterview
Gulf: 1
Project Facilities
Beach: 1
Community Room: 1
Deed Access: 1
Dumpster: 1
Elevators: 1
Exercise Room: 1
Fishing: 1
Pool: 1
Short Term Rental - Allowed: 1
TV Cable: 1
Waterfront: 1
Construction/Siding
Concrete: 1
Stucco: 1
Utilities
Community Sewer: 1
Community Water: 1
Electric: 1
Exterior
Balcony: 1
Interior
Breakfast Bar: 1
Ceiling Raised: 1
Floor Tile: 1
Floor WW Carpet: 1
Furnished - All: 1
Hallway Bunk Beds: 1
Owner's Closet: 1
Renovated: 1
Washer/Dryer Hookup: 1
Window Treatment All: 1
Financing
Conventional: 1
Other: 1
Appliances
Cooktop: 1
Dishwasher: 1
Disposal: 1
Dryer: 1
Fire Alarm/Sprinkler: 1
Microwave: 1
Oven Self Cleaning: 1
Refrigerator W/IceMk: 1
Stove/Oven Electric: 1
Washer: 1
Energy
AC - Central Elect: 1
Ceiling Fans: 1
Heat Cntrl Electric: 1
Water Heater - Elect: 1
Mstr Bdrm/Mstr Bath
MBath Cultured Mrble: 1
MBath Tile: 1
MBed First Floor: 1
Master Bedroom
First: 1
Kitchen
First: 1
Living Room
First: 1
Full Bathroom
First: 1
Rooms
Balcony: 1
Full Bathroom: 1
Kitchen: 1
Living Room: 1
Master Bathroom: 1
Master Bedroom: 1
Fees Include
Accounting: 1
Ground Keeping: 1
Internet Service: 1
Management: 1
Master Association: 1
Recreational Faclty: 1
Security: 1
Sewer: 1
Trash: 1
TV Cable: 1
Water: 1
Existing Leases
Daily/Weekly: 1
Status Change Info
Status: Pending
Under Contract Date: 2026-02-21
Location Tax and Legal
Area: 27 - Bay County
Street #: 15817
Street Name: Front Beach
Street Suffix: Road
State: FL
Zip Code: 32413
County: Bay
Project Name/Subdivision: CALYPSO RESORT & TOWERS
Parcel ID: 33802-200-043
Property Features
Construction Status: Construction Complete
Waterfront: Gulf
Waterview: Gulf
Parking Features: Garage
Project Facilities: Beach; Community Room; Deed Access; Dumpster; Elevators; Exercise Room; Fishing; Pool; Short Term Rental - Allowed; TV Cable; Waterfront
Exterior: Balcony
Interior: Breakfast Bar; Ceiling Raised; Floor Tile; Floor WW Carpet; Furnished - All; Hallway Bunk Beds; Owner's Closet; Renovated; Washer/Dryer Hookup; Window Treatment All
Appliances: Cooktop; Dishwasher; Disposal; Dryer; Fire Alarm/Sprinkler; Microwave; Oven Self Cleaning; Refrigerator W/IceMk; Stove/Oven Electric; Washer
Utilities: Community Sewer; Community Water; Electric
Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Electric; Water Heater - Elect
Master Bedroom: First
Kitchen: First
Living Room: First
Full Bathroom: First
Rooms: Balcony; Full Bathroom; Kitchen; Living Room; Master Bathroom; Master Bedroom
Financing: Conventional; Other
Fees Include: Accounting; Ground Keeping; Internet Service; Management; Master Association; Recreational Faclty; Security; Trash; TV Cable; Water
Existing Leases: Daily/Weekly
Supplements
With two full bathrooms, the unit functions like a much larger condo in the eyes of vacation renters.
New luxury vinyl plank (LVP) flooring was just installed throughout, enhancing durability, aesthetics, and long-term rental performance. The unit is truly turnkey and ready to continue producing income immediately.
- Short-Term Rental Investment Highlights:
- Just over $50,000 in gross rental income in 2025
- Self-managed on Airbnb and VRBO
- Highly desirable bunk-bed floor plan that outperforms typical 1-bedroom units
- New LVP being installed throughout!
Location further amplifies rental demand. Calypso is adjacent to the Panama City Beach fishing pier and is the closest Gulf-front resort to Pier Park, putting guests within walking distance of PCB's most visited shopping, dining, and entertainment districtone of the strongest booking drivers in the market.
Whether you're looking for a cash-flowing Gulf-front short-term rental, a 1031 exchange replacement, or a low-maintenance investment with documented income, this condo checks every box.
Rare opportunity to own a proven, high-performing short-term rental at one of PCB's most in-demand resorts. Schedule your private showing today.
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Living Room | First | 16 x 15 | 16.00 | 15.00 | 16 x 15 |
| Kitchen | First | 10 x 10 | 10.00 | 10.00 | 10 x 10 |
| Master Bedroom | First | 13 x 12 | 13.00 | 12.00 | 13 x 12 |
| Master Bathroom | First | 9.5 x 7.5 | 9.50 | 7.50 | 9.5 x 7.5 |
| Full Bathroom | First | 9.5 x 5 | 9.50 | 5.00 | 9.5 x 5 |
| Balcony | First | 17 x 6 | 17.00 | 6.00 | 17 x 6 |
Floorplan Listing Office: REV Realty
Last Updated: February - 23 - 2026
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.
