🏖️ Up to $100K Projected Revenue on a $599K Panama City Beach STR — Sleeps 17

💰 Panama City Beach, FL • $599K • $85K–$100K Projected Annual Revenue • ~14.2%–16.7% Projected Gross Rental Yield • 4 Bedrooms • 4 Baths • Sleeps Up to 17 • 12-Minute Walk to the Beach

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🏖️ A $599K Beach STR With the Capacity to Sleep 17

This one caught our attention because of the combination of purchase price, guest capacity and proximity to the beach.

Located in Panama City Beach, Florida, 2709 Lagoon Manor Drive is a three-story, New Orleans-style home built less than three years ago with:

4 Bedrooms • 4 Bathrooms • 2,685 Sq Ft • Sleeps Up to 17

The property is approximately a 12-minute walk to the beach, or a quick golf-cart ride away, and backs up to Signal Hill Golf Course.

And from an investment perspective, the listing cites AirDNA and Rabbu rental estimates of approximately $85,000–$100,000 per year.

At the $599K asking price, that's a projected gross revenue-to-price ratio of approximately:

14.2%–16.7%

The important distinction: these are projected rental estimates, not historical property revenue. A buyer should independently underwrite those numbers before making an investment decision.

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🏡 The Asset

2709 Lagoon Manor Dr, Panama City Beach, FL 32408

💰 Price: $599,000

💵 Projected Revenue: $85K–$100K/Year

📊 Projected Gross Revenue / Price: ~14.2%–16.7%

📈 Price / Projected Revenue: ~6.0x–7.0x

🛏️ 4 Bedrooms

🚿 4 Bathrooms

📐 2,685 Sq Ft

👥 Sleeps Up to 17

🏖️ ~12-Minute Walk to the Beach

⛳ Backs to Signal Hill Golf Course

🏡 Less Than 3 Years Old

🌴 New Backyard Landscaping

🎡 Less Than a Mile From Restaurants, Entertainment & Family Attractions

💰 The Revenue Potential

The investment case here is based on projected rather than historical revenue.

The listing cites estimates from AirDNA and Rabbu as high as:

$85,000–$100,000 Per Year

At the $599,000 asking price, that would equate to approximately:

At $85K Revenue: ~14.2% Gross Revenue / Price

At $100K Revenue: ~16.7% Gross Revenue / Price

Or a purchase price of roughly:

6.0x–7.0x Projected Annual Revenue

Those are attractive top-line numbers if the property can actually achieve them.

But because we're dealing with projections rather than a proven operating history, we'd put more weight on independent underwriting here. Buyers should review comparable STRs, achievable ADR, occupancy, seasonality and operating expenses before assuming the $85K–$100K range.

👥 Sleeping 17 Is the Big Opportunity

The feature we find most interesting may actually be the home's capacity.

This 4-bedroom property is designed to sleep up to 17 guests.

The three-story layout features unusually large bedrooms with enough space for configurations that can accommodate multiple king beds.

That creates an interesting STR proposition.

Rather than competing solely for couples and small families coming to the beach, this property can potentially target:

👨‍👩‍👧‍👦 Large Families

👥 Multi-Family Trips

🎉 Group Getaways

🏖️ Extended Beach Vacations

Larger groups can split the nightly cost across more people, potentially giving an operator room to command stronger nightly rates while still offering guests attractive per-person economics.

🏖️ A Walkable Beach Location

For a beach-market STR, convenience matters.

The property is approximately:

12 Minutes to the Beach on Foot

using Joan Drive.

Or guests can make the trip even quicker by golf cart.

That gives operators an obvious marketing hook:

Stay in a large, newer home that sleeps up to 17 without giving up easy beach access.

The property is also reportedly less than a mile from popular restaurants, entertainment and family attractions, creating additional convenience for guests who don't want every part of their vacation to require a long drive.

⛳ Beach in Front. Golf in Back.

There's another interesting piece to the location:

Lagoon Manor Backs Up to Signal Hill Golf Course

So the property's surroundings offer multiple demand drivers.

🏖️ Beach access nearby

⛳ Golf course backdrop

🍽️ Restaurants nearby

🎡 Entertainment and family attractions nearby

That creates a broader guest proposition than simply being another beach house.

🏡 Nearly-New Construction Is a Plus

The home was built less than three years ago, which is particularly interesting for an STR investor.

Older vacation rentals can come with substantial deferred maintenance immediately after closing.

Here, you're looking at a relatively new three-story home with a modern interior, contemporary finishes and recently added backyard landscaping.

The New Orleans-inspired architecture also gives the exterior a distinctive identity compared with more conventional beach construction.

For an STR, that's useful: properties still have to win the click before they can win the booking.

📊 The Investment Story

💰 Asking Price: $599,000

💵 Projected Revenue: $85K–$100K

📊 Projected Gross Revenue / Price: ~14.2%–16.7%

📈 Price / Projected Revenue: ~6.0x–7.0x

👥 Sleeps Up to 17

🛏️ 4 Bedrooms

🚿 4 Bathrooms

📐 2,685 Sq Ft

🏖️ ~12-Minute Walk to the Beach

⛳ Backs to Signal Hill Golf Course

🏡 Less Than 3 Years Old

The thesis here is different from buying a proven STR with years of historical financials.

This is about acquiring a large-capacity, nearly-new beach property at $599K and potentially building it into an $85K–$100K annual STR.

If those projections prove achievable, the revenue-to-price relationship becomes compelling.

💸 Financing Angle

For investors evaluating this property as an STR, it may be worth speaking with lenders that understand vacation-rental properties and income.

👉 Explore STR Financing Options Here

Depending on the borrower, property and lender requirements, potential structures can include DSCR, conventional investment, portfolio and other STR-focused financing options.

Because the $85K–$100K figures provided here are estimates rather than established historical revenue, buyers should also understand how each lender will underwrite projected STR income.

👉 Get Matched With an STR Lender Here

🏡 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.

👉 See Available STR Investment 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, generating $60M+ in rental revenue with $25M+ in estimated tax savings.

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💰 Thinking About Selling Your STR?

Already own a short-term rental and thinking about selling?

The Offer Sheet can put your property directly in front of an audience of active STR investors who are specifically looking for vacation rentals, including properties with proven revenue histories.

Whether your property is listed publicly or you want to explore an off-market sale, we can help get it in front of potential buyers.

Have a strong-performing Airbnb, unique vacation rental, or turnkey STR you may consider selling? Send it our way.

🎯 Why This One Stands Out

👥 Sleeps Up to 17

That's substantial capacity for a four-bedroom property and gives an operator the ability to target larger, potentially higher-value group reservations.

💰 $599K Purchase Price

If the cited $85K–$100K revenue projections are achievable, that's a ~14.2%–16.7% projected gross revenue-to-price ratio.

🏖️ Walkable to the Beach

Guests are approximately a 12-minute walk from the sand, with the option of an even quicker golf-cart ride.

⛳ Golf Course Setting

The neighborhood backs to Signal Hill Golf Course, adding another recreational draw to the location.

🏡 Nearly-New Construction

At less than three years old, the property offers a more modern starting point than many established beach rentals.

📍 Close to the Action

Restaurants, entertainment and family attractions are reportedly less than a mile away.

⚡ Bottom Line

$599K. Sleeps 17. Walkable to the Beach. Up to $100K in Projected Revenue.

At the high end of the cited rental estimates, $100K of annual revenue against a $599K acquisition price would represent approximately a 16.7% gross revenue-to-price ratio.

The big caveat is that we're talking about projections, not proven historical revenue, so underwriting those assumptions is essential.

But the physical property gives an operator plenty to work with: four bedrooms, four bathrooms, nearly 2,700 square feet, capacity for up to 17 guests, a golf-course setting and beach access approximately a 12-minute walk away.

For an investor looking for a newer Panama City Beach property with large-group capacity and an attractive potential revenue-to-price relationship, this is one worth taking a closer look at.

📩 Interested in This Property?

👉 Express Interest in 2709 Lagoon Manor Dr

👉 Express Interest in This Property