💰 $170K in 2025 Revenue from This $1.12M Waterfront STR

🌊 $1.12M • $170K Gross Revenue in 2025 • $152K in 2024 • $322K+ Over Two Years • 4 Bedrooms • Private Dock • Heated Pool • Hot Tub • Direct Bay & Gulf Access • Fully Furnished

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🚨 $322K+ in Two Years—and You're Buying Direct Waterfront for $1.12M

This one combines a strong revenue history with the kind of underlying real estate that's difficult to replicate.

Offered at $1,120,000, Poseidon's Palace generated approximately $152,000 in gross rental revenue in 2024 and $170,000 in 2025—more than $322,000 across two full calendar years.

But this isn't simply another Panama City Beach vacation rental.

The four-bedroom home sits directly on North Lagoon with its own private dock and boating access to St. Andrews Bay and the Gulf of Mexico. Guests also get a heated resort-style pool, year-round hot tub, huge covered patio, waterfront deck, and more than 3,100 square feet of living space.

And importantly, the sellers have already poured significant capital into the property. The home underwent extensive renovations in 2022 and 2023, including a rebuilt dock, redesigned kitchen, renovated bathrooms, new flooring, two new HVAC systems, and an entirely new outdoor setup with pool, pavers, patio, and waterfront deck.

For investors looking for proven six-figure revenue plus legitimate waterfront real estate, this is an interesting one.

📩 Interested in digging into the financials?

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🏡 The Asset

8829 N Lagoon Dr

Panama City Beach, FL 32408

💰 Offered at: $1,120,000

🛏️ 4 Bedrooms

🚿 3 Bathrooms

📐 3,138 Sq Ft

💰 $170,000 Gross Rental Revenue in 2025

💰 $152,000 Gross Rental Revenue in 2024

📈 $322,000+ Across the Past Two Full Calendar Years

🌊 Direct North Lagoon Waterfront

🚤 Private Dock

⚓ Direct Access to St. Andrews Bay + Gulf of Mexico

🏊 Heated Resort-Style Pool

♨️ Year-Round Hot Tub

🌴 Oversized Covered Patio

🌅 Large Composite Waterfront Deck

🔨 Extensive 2022–2023 Renovations

🛋️ Fully Furnished & Turnkey

It's the combination of revenue + waterfront + improvements already completed that makes this one stand out.

💰 $170K in 2025 Gross Revenue

Let's start with the number investors will care about most.

Poseidon's Palace generated approximately:

$170,000 in Gross Rental Revenue in 2025

Against the $1.12M asking price, that's gross annual revenue equivalent to approximately:

15.2% of the Purchase Price

That's before expenses, of course. Management, utilities, insurance, property taxes, maintenance, pool service, cleaning, financing, platform fees, and other operating costs all need to be considered.

But as a starting point, $170K of demonstrated revenue against a $1.12M acquisition price is worth digging into.

📈 And 2024 Was Strong Too

One good year is nice.

Two consecutive six-figure years tell you considerably more.

The property reportedly generated:

2024: ~$152,000

2025: ~$170,000

Two-Year Total: $322,000+

That means 2025 revenue increased by approximately $18,000, or nearly 12%, from the prior year.

Rather than underwriting this property around what an algorithm thinks it could earn, buyers have two full years of actual operating performance to investigate.

Complete rental history and financial information are available upon request.

📅 Don't Read Too Much Into 2026

There's an important caveat around the current year's performance.

According to the seller, the property was intentionally unavailable for approximately eight weeks during 2026.

Because of that planned downtime, the seller does not view 2026 revenue as representative of the home's normal annual income potential.

That's why we'd focus diligence heavily on the two completed calendar years—$152K in 2024 and $170K in 2025—while separately reviewing the 2026 booking calendar and reason for the blocked period.

Buyers should independently verify all booking statements, blocked dates, operating expenses, occupancy, future reservations and financial information.

🌊 This Isn't Just Near the Water. It's On It.

The underlying property is a big part of the investment thesis.

Poseidon's Palace sits directly on North Lagoon, with a private dock providing boating access to St. Andrews Bay and the Gulf of Mexico.

Guests can head out for:

🎣 Fishing

🏄 Paddleboarding

🛶 Kayaking

🚤 Boating

🏝️ Trips to Shell Island

🍽️ Waterfront restaurants by boat

That's a fundamentally different vacation experience than simply being within driving distance of the beach.

The water becomes part of the property.

🚤 Your Own Private Dock

The private dock was completely rebuilt in 2022, which is another major improvement the next owner doesn't immediately need to tackle.

For guests bringing or renting a boat, the appeal is obvious.

Wake up.

Walk outside.

Get on the boat.

And head directly toward St. Andrews Bay and the Gulf.

For a coastal vacation rental, that's a highly marketable experience.

🏊 The Backyard Is Basically a Private Resort

Then there's the outdoor setup.

In 2023, the sellers added a resort-style pool with an app-controlled gas heater, surrounded by an expansive paver deck.

Guests also get:

♨️ Year-round hot tub

🌴 Oversized covered patio

🌊 Waterfront views

🌅 Large composite deck

✨ Outdoor entertaining areas

Put it together, and guests don't necessarily need to choose between a pool vacation, beach vacation, or boating vacation.

They can have all three.

🔨 Major Renovations Already Done

This isn't a million-dollar vacation rental where the next owner immediately needs to budget another six figures for modernization.

The property underwent an extensive transformation beginning in 2022.

2022 Improvements

🍳 Redesigned kitchen

🚿 Fully renovated bathrooms

🪵 New luxury vinyl plank flooring

🎨 Fresh interior and exterior paint

🚪 New doors and hardware

💡 Recessed lighting

🚤 Completely rebuilt dock

2023 Improvements

❄️ Two new HVAC systems

🏊 New resort-style pool

🔥 App-controlled gas pool heater

🧱 Expansive paver pool deck

🌴 Oversized covered patio

🌊 Large composite waterfront deck

Additional improvements include a tankless water heater and commercial-size refrigerator and freezer.

That's a substantial amount of capital already invested into both the house and the guest experience.

👨‍👩‍👧‍👦 3,138 Sq Ft Built for Groups

The home offers four bedrooms, three bathrooms, and 3,138 square feet, providing significantly more breathing room than many coastal rentals.

That size helps support larger families and groups while allowing for substantial indoor gathering space.

And importantly, the entertaining space continues outside.

Between the house, covered patio, pool deck, waterfront deck, dock, pool, and hot tub, groups have multiple places to spread out rather than spending an entire vacation crowded into one living room.

🍳 Built for Vacation-Rental Logistics

Some of the improvements are less glamorous but particularly useful for an STR.

Take the commercial-size refrigerator and freezer.

For a large group spending several days together, food storage matters.

So does unlimited hot water—which is where the tankless water heater becomes useful.

These aren't necessarily the first features that appear in an Airbnb thumbnail, but they're the kinds of functional improvements that can make operating a high-occupancy vacation rental considerably smoother.

🏖️ Minutes from Panama City Beach

Despite the peaceful waterfront setting, the property remains close to the attractions guests actually travel to Panama City Beach for.

Nearby are:

🏖️ White-sand beaches

🚤 Marinas

🍽️ Restaurants

🛍️ Shopping

🎡 Entertainment

🌴 St. Andrews State Park

That creates an appealing combination: guests can spend their vacation enjoying a private waterfront property without sacrificing convenient access to the broader PCB experience.

🔑 Fully Furnished & Turnkey

Poseidon's Palace is being offered fully furnished and turnkey.

That's particularly meaningful here because recreating this property would involve much more than buying furniture.

A buyer is acquiring an established vacation-rental setup alongside:

✔ A renovated 3,138 sq ft home

✔ Private waterfront

✔ Rebuilt dock

✔ Heated pool

✔ Hot tub

✔ Extensive outdoor living areas

✔ Two years of $150K+ gross rental performance

The infrastructure for the experience is already there.

📊 The Investment Story

Here's the simple version:

🏡 Asking Price: $1,120,000

💰 2024 Gross Revenue: ~$152,000

💰 2025 Gross Revenue: ~$170,000

📈 Two-Year Gross Revenue: $322,000+

📊 2025 Gross Revenue-to-Price: ~15.2%

🌊 Waterfront: Yes

🚤 Private Dock: Yes

🏊 Heated Pool: Yes

🔑 Furnished & Turnkey: Yes

And unlike an investment where the entire value proposition depends on rental income, there's substantial lifestyle value underneath the numbers.

This is still a large, renovated waterfront home with direct boating access to the Gulf.

💡 The Second-Home Angle

That's another reason this one is interesting.

A buyer doesn't necessarily have to view it purely as an investment.

Poseidon's Palace could function as:

🏡 Primary residence

🌴 Second home

💰 Full-time STR

🔀 Hybrid personal-use + rental property

For someone who actually wants to use their investment property, the ability to spend time boating, fishing, swimming, kayaking, or heading to Shell Island directly from your backyard creates a compelling ownership experience.

💸 Financing & Tax Angle

At $1.12M, buyers are evaluating an established vacation rental that generated approximately $170K in 2025 gross revenue.

Potential financing structures may include:

✔ Conventional investment financing

✔ DSCR financing

✔ Portfolio lending

✔ Second-home financing, depending on intended use and lender requirements

Qualifying investors may also explore cost segregation and applicable accelerated depreciation strategies with their tax professionals.

Waterfront properties can carry unique insurance, flood-zone, maintenance, and financing considerations, so buyers should independently investigate those costs before underwriting the investment.

👉 Explore STR financing options here.

🏡 Need Help Finding Your Own STR?

If you've been thinking about buying a vacation rental but keep getting stuck on what to buy or where to invest, we partner with a team that helps investors identify fully underwritten, data-backed STR opportunities.

Within approximately 48 hours, they'll match you with investment opportunities complete with:

✔ Revenue projections

✔ Market selection

✔ Property recommendations

✔ Design guidance

✔ Listing optimization

✔ Management recommendations

✔ Pricing strategy

👉 See available STR opportunities here.

In order to work with them, they typically require having around $150,000 available for your down payment, furnishing, design, and revenue-driving amenities so you're positioned for success from day one.

To date, they've helped investors acquire:

🏡 375+ properties

💰 $60M+ in rental revenue

📉 $25M+ in estimated tax savings

👉 Get matched with an STR investment opportunity here.

🏡 Looking to Sell Your STR?

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📩 Simply reply to this email if you'd like to have a conversation.

🎯 Why This One Stands Out

1. 💰 $322K+ Across Two Full Years

The property generated approximately $152K in 2024 and $170K in 2025, providing two full years of six-figure rental history.

2. 📊 ~$170K Revenue Against a $1.12M Price

The 2025 performance represents gross revenue equivalent to approximately 15.2% of the current asking price.

3. 🌊 Legitimate Waterfront Real Estate

This isn't merely a "close to the beach" rental. Guests get North Lagoon frontage, a private dock, and direct boating access to St. Andrews Bay and the Gulf of Mexico.

4. 🏊 Major Guest Amenities Are Already Built

The heated pool, hot tub, rebuilt dock, oversized covered patio, and composite waterfront deck create a legitimate resort-style experience.

5. 🔨 The Big Capital Projects Have Been Tackled

Extensive 2022 and 2023 renovations mean the next owner inherits a substantially updated property rather than a long renovation checklist.

⚡ Bottom Line

At $1.12M, Poseidon's Palace generated approximately $170,000 in gross rental revenue in 2025, following $152,000 in 2024.

That's more than $322,000 across two full calendar years.

But the real appeal is what sits underneath those numbers:

3,138 square feet. Four bedrooms. Direct waterfront. Private dock. Gulf access. Heated pool. Hot tub. Huge outdoor entertaining spaces. And extensive renovations already completed.

A lot of STRs can be redesigned to look good in photos.

You can't manufacture direct waterfront or put St. Andrews Bay in the backyard.

For an investor looking for proven revenue combined with an underlying coastal asset that has genuine lifestyle value, this one is worth a closer look.

📲 Express Interest

Ready to learn more or request the detailed rental history?

👉 🏡 Express Interest in this property here.

👉 🏡 Express Interest in this property here.