🏊 $114K Already Booked on This $614K Panama City Beach STR
💰 ~18.6% gross revenue-to-price ratio, private heated pool, no HOA + up to $40K in seller credits and concessions.
Alex Veytsman
August 24, 2026
🏊 $114K+ Already on the Books for 2026 — Asking Just $614,500
💰 Panama City Beach, FL • $614.5K • $101,958 in 2025 Revenue • $114,560 Already Booked for 2026 • ~18.6% Gross Revenue / Price • 4 Bedrooms • Heated Pool • No HOA • Up to $40K Seller Assistance
📩 Interested?
🚨 A Proven Panama City Beach STR With More Revenue Already Booked Than It Made All of Last Year
This one caught our attention immediately.
Located in Panama City Beach, Florida, 105 Grand Lagoon Shores is a large 4-bedroom vacation rental with a private heated pool, no HOA, and an established six-figure rental history.
The property generated $101,958 in gross rental revenue in 2025.
Now look at 2026:
$114,560 Already on the Books
That's already 12%+ more than the property generated during all of 2025—and the year isn't over.
The asking price?
$614,500
Based on the revenue already booked for 2026, that's roughly an 18.6% gross revenue-to-purchase-price ratio.
And there's another wrinkle: the seller is offering up to $40,000 in potential credits and concessions with an acceptable offer.
🏡 The Asset
105 Grand Lagoon Shores Dr #6, Panama City, FL 32408
💰 Price: $614,500
💵 2025 Gross Revenue: $101,958
📅 2026 Revenue Already Booked: ~$114,560
📊 2026 Booked Revenue / Price: ~18.6%
📈 Price / 2026 Booked Revenue: ~5.4x
🛏️ 4 Bedrooms
🚿 3 Bathrooms
🏡 Large Single-Story Floor Plan
🏊 Private Heated Pool
🚗 2-Car Garage
🚫 No HOA
💵 Up to $30K Roof Credit
🎁 Up to $10K Additional Buyer Concessions
For us, the headline is simple: this is an existing Panama City Beach vacation rental with six-figure historical revenue and even more revenue already booked for 2026.
📈 Let's Look at That Revenue
This isn't a property where we're trying to sell you on an AirDNA projection of what it might do.
We have existing performance:
2025: $101,958 Gross Revenue
And then:
2026: ~$114,560 Already on the Books
That's an increase of approximately $12,600 over the entire 2025 gross—and we're talking about revenue that's reportedly already booked, not a full-year projection.
Against the $614,500 asking price:
~18.6% Gross Revenue / Price
And:
~5.4x Booked 2026 Revenue
As always, those aren't cap rates. Investors need to account for management, utilities, insurance, taxes, maintenance, cleaning economics, platform fees, pool expenses and other operating costs.
But a ~5.4x gross-revenue multiple is certainly enough to make us want to see the operating statements.
💵 Then the Seller Is Offering Up to $40K
This is where the deal gets more interesting.
The seller acknowledges that the property is ready for its next chapter and is offering substantial assistance with an acceptable offer:
Up to $30,000 Toward a New Roof
PLUS:
Up to $10,000 in Additional Buyer Concessions
The additional concession may potentially be applied toward allowable:
💰 Closing costs
📉 Interest-rate buy-down
🧾 Prepaid expenses
🏡 Other approved buyer expenses
That's potentially $40,000 of seller assistance, subject to the negotiated contract, financing and applicable lender requirements.
For an STR investor, preserving $40K of capital at acquisition could leave significantly more cash available for strategic improvements.
💡 There's Also a Value-Add Story
Unlike some of the highly polished turnkey STRs we feature, this property appears to have room for a buyer to put their stamp on it.
The kitchen, bathrooms, flooring and finishes provide opportunities for updating over time.
That's particularly interesting because the property is already producing six-figure revenue without those upgrades.
A buyer could potentially acquire an established rental, continue operating it, and strategically improve the guest experience rather than starting with a non-performing property and waiting months for renovations before generating revenue.
There's no guarantee renovations would increase revenue, of course—but it's a lever worth underwriting.
🏊 A Private Heated Pool Is Already There
One expensive amenity you don't need to add:
The Pool
The property already has a private heated pool and spacious outdoor area.
For a Panama City Beach vacation rental targeting families and larger groups, having a private pool gives the listing a major experiential amenity beyond simply being near the beach.
Combine that with four bedrooms, three bathrooms, a large single-story layout and a two-car garage, and there's plenty of room for groups to actually use the property comfortably.
🚫 And There's No HOA
Another feature investors may appreciate:
NO HOA
That eliminates a recurring HOA expense and removes one additional layer of association rules from the ownership equation.
Buyers should still independently verify all applicable local STR regulations, licensing requirements, zoning, insurance requirements and any other restrictions before purchasing.
📊 The Investment Story
Here's the quick version:
💰 Asking Price: $614,500
💵 2025 Gross Revenue: $101,958
📅 2026 Already Booked: ~$114,560
📊 2026 Booked Revenue / Price: ~18.6%
📈 Price / 2026 Booked Revenue: ~5.4x
🏊 Private Heated Pool
🛏️ 4 Bedrooms
🚿 3 Bathrooms
🚗 2-Car Garage
🚫 No HOA
🏠 Up to $30K New Roof Credit
💵 Up to $10K Additional Concessions
Again, revenue isn't NOI. But $114K+ already booked against a $614.5K purchase price makes the underlying operating numbers worth digging into.
💸 Financing & Tax Angle
An existing STR with six-figure rental performance may be worth evaluating with lenders that understand vacation-rental income.
Depending on the borrower and lender requirements, potential structures may include DSCR, conventional investment, portfolio, and other STR-focused financing.
And with up to $10K in additional seller concessions potentially available, buyers should ask their lender whether those funds can be applied toward allowable closing expenses or an interest-rate buy-down.
🧾 Cost Segregation
Qualifying investors may also want to evaluate cost segregation after acquisition.
We partner with Segonomics, the lowest-priced cost segregation partner we've found, and Offer Sheet readers can get a further discount.
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Tax outcomes vary by investor, so buyers should review potential benefits with a qualified tax professional.
🏡 Need Help Finding Your Own STR?
We partner with a team that helps investors identify fully underwritten, data-backed STR opportunities based on their budget and investment goals.
They can help with market selection, revenue projections, property recommendations, design, amenity strategy, management, listing optimization, and pricing.
They typically require buyers to have around $150K available for the down payment, furnishing, design, and revenue-driving amenities.
To date, they've helped investors acquire 375+ properties generating $60M+ in rental revenue, with $25M+ in estimated tax savings.
🎯 Why This One Stands Out
📈 2026 Has Already Surpassed 2025
$114,560 is reportedly already booked for 2026, versus $101,958 generated during all of 2025.
💰 ~18.6% Gross Revenue / Price
That's based only on revenue reportedly already on the books—not additional potential bookings.
🏊 Private Heated Pool
One of the major vacation-rental amenities is already installed.
🚫 No HOA
No monthly HOA payment eating into the property's economics.
💵 Up to $40K in Seller Assistance
Up to $30K toward a new roof plus another $10K in concessions could meaningfully reduce the buyer's upfront cash burden, subject to the deal and lender requirements.
💡 Existing Revenue + Value-Add Potential
The home is already producing, while the interior provides room for strategic updating over time.
⚡ Bottom Line
Panama City Beach. $614,500. $101,958 Last Year. $114,560 Already Booked for 2026.
That combination is what makes this one interesting.
At the asking price, the 2026 revenue already on the books represents roughly 18.6% of the purchase price, or a price of only about 5.4x booked revenue.
Then add a private heated pool, four bedrooms, three bathrooms, large single-story floor plan, two-car garage and no HOA.
And the seller is potentially putting another $40,000 on the table—up to $30K toward a new roof and up to $10K in additional concessions with an acceptable offer.
For an investor looking for a proven Panama City Beach STR with existing six-figure bookings, a relatively low acquisition price, and room to improve the asset further, there's a lot here worth underwriting.
