Panama City Beach is a great location. It has some of the best beaches in the world. It is a great place to get away. You can find exceptional golf, food, and water activities. It is a destination that is very popular in the South East, and slowly becoming more popular in the United States.
Letâ€™s talk numbers. The Panama City Beach condo market bottomed for roughly 2 years. Basically 2011- 2013 depending on the building and floor plan. We are 20-30% above the bottom for many of these condos. The market had its pricing bump and is likely to continue appreciating. That appreciation is unlikely to be at the break neck pace of the last real estate boom. A good rental condo will net you 2.25 â€“ 3.5% in rental revenue after all expenses. That is for a cash purchase. On rare occasions you will find a 4 bedroom that will get over 5%.
You can see examples of the price history in my last market update:
And there are many more updates in my blog. They also have pricing histories in easy to read graph form.
Condo buyers today are looking at the numbers, but I doubt many of them would call the purchase â€œstrictly investmentâ€. They know the area and enjoy coming here.
So back to the question of, â€œwould you recommend buying a beach house or a condo for a long term overseas investor to max future profits?â€
The answer is clearly No. Panama City Beach would never hit the radar for an â€œoverseas investorâ€. And Panama City Beach is not an International Destination. If you are buying one condo, you are not an investor. Youâ€™re simply an individual buying a secondary residence.
Check the prices and some hot offers here:
If you're thinking about buying a condo in Panama City Beach, please see the link below. It has some of the most popular resorts in our area.
Take care and best wishes.
We are currently experiencing a very strong buyers market so your money goes a long way towards wealth building investments. This market, combined with the tremendous benefits of the new intâ€™l airport, brings predictions of good value and profitable appreciation.
PCB offers Gulf-front condos and townhomes, beach cottages, detached single-family homes, golf communities, retirement neighborhoods and wooded inland environments. There are also exciting new developments that will change the landscape of this region forever - there will be something for everyone from the new Oceanside Pier Park entertainment center to Wild Kingdom Animal Park to fishing at the new Pier and boardwalk! And, much more is on the horizon â€“ we are hoping to be a stop for the Disney cruise ships. We have a lot to offer everyone!
CLICK the link below to read and learn about Panama City Beach, Florida, USA.
Search all properties that are for sale in PCB and surrounding areas here: http://www.coastal-lifestyles.com
Please let me know how Keller Williams Success Realty and I can be of further assistance.
Kirsten McAndrew, Realtor
Keller Williams Success Realty
Panama City Beach, Florida 32413
Assuming both would be waterfront properties, we would agree with the majority of responses thus far that a beach house would bring max. value. There are advantages and disadvantages of each but when focusing on value alone, a beach house wins out.
Hope this is helpful.
The "Eckler Team"
Century 21 Alma and Associates
Venice, Fl 34285
Right Choice Realty LLC
home office: 239-463-5217
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Website Blog: http://ftmyershomesandgardens.blogspot.com/