253 Deermont Street
Panama City Beach, FL 32413
3
Bed
2
Bath
0.24Acre(Lot)
ATTENTION 1031 EXCHANGE BUYERS, INVESTORS, DEVELOPERS, & DESIGN ENTHUSIASTS: This is not just a beach lot--it is an active, cash-flowing asset with massive structural equity and huge development upside. Located less than 400 feet from the sand in Panama City Beach proper (Miramar Heights) with protected, elevated Gulf views, this rare 0.24-acre double lot offers an immediate return on investment alongside future development flexibility. THE CASH FLOW & INVESTMENT: • Turnkey Revenue: Proven 4-year rental history averaging $3,425/month in gross income. • Immediate Income: Current reliable tenants are already in place, making this an ideal, seamless vehicle for 1031 exchange placement from day one. • The Layout: Set up as a highly functional, income-producing configuration featuring a
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Rooms Total: 3 -
Interior Features
TubShowerAppliances: ElectricRange -
Heating & Cooling
Has Cooling: Yes Cooling: CentralAir, CeilingFans
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Building Information
Year Built: 1966Building Area Total: 1076Construction Materials: StuccoStories: 1Patio And Porch Features: PatioPrivate Pool: NoView: Gulf -
Exterior Features
Exterior Features: Patio
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Lot Information
Lot Dimensions: 115 x 92.5 Main Square Feet: 0.24 Lot Size Acres: 0.24 Lot Size Square Feet: 10,638Property Information
Subdivision: Miramar Beach 1st Source Property Type: Residential MLS Area Minor: 0324 - Beach - West Central Zoning Description: City Property SubType: Single Family Residence Property Age: 60
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Listing Price Information
Listing Price: $799900
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Tax Information
Parcel Number: 38501-000-000 Tax Year: 2025 Tax Legal Desc: MIRAMAR BEACH 1ST ADD 21B1 LOTS 3 & 4 BLK 4 ORB 4523 P 618
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School Information
Elementary School: West Bay Junior High School: Surfside Senior High School: Arnold -
Location Information
Direction: From west end of Panama City Beach head East on Front Beach Rd to Laguna Beach, .5 mile past Thomas Donuts, turn left onto Deermont.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 19914 Front Beach Road, Panama City Beach, FL, 32413 | $1,699,999 | 5 | 5 | 2,132 | 2,132 SqFt |
| 27 Gulf Drive, Panama City Beach, FL, 32413 | $370,000 | 2 | 1 | -- | |
| 6314 Turkey Cove Lane, Panama City Beach, FL, 32413 | $1,225,000 | 3 | 4 | -- | |
| 7509 Morning Marsh Trail, Panama City Beach, FL, 32413 | $1,499,000 | 3 | 3 | -- | |
| 6501 Golden Aster Trail, Panama City Beach, FL, 32413 | $1,049,000 | 3 | 4 | -- | |
| 6500 Ogeeche Trail, Panama City Beach, FL, 32413 | $1,330,000 | 4 | 4 | -- | |
| 8613 Preservation Drive, Panama City Beach, FL, 32413 | $149,500 | -- | -- | -- | |
| 6608 Button Buck Trail, Panama City Beach, FL, 32413 | $850,000 | 3 | 3 | -- | |
| 8539 Preservation Drive, Panama City Beach, FL, 32413 | $674,000 | 3 | 4 | -- | |
| 8525 Preservation Drive, Panama City Beach, FL, 32413 | $755,555 | 3 | 3 | -- |
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ByOwner last updated this listing 07/06/2026 @ 10:29
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