110 N Vestavia St · Panama City Beach, FL 32413

$315,000

3 bd · 2.0 ba · 2,010 sqft · Manufactured public records · 182 Days on market

Built 2019 7,841 sqft lot ↓ 20% since listing

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.1/30.0
• ARV discount +7.5/15.0
• DSCR +5.0/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• 1% rule +3.5/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 110 N Vestavia Street, a spacious 5-bedroom, 3-bath home located on the highly sought-after West End of Panama City Beach. Known for its quieter atmosphere, wider beaches, and relaxed coastal charm, this area offers the perfect balance of tranquility and convenience. Just minutes from the sugar-white sands and emerald waters of the Gulf, this property places you close to beach access while remaining tucked away from the heavy tourist traffic. The West End is prized for its laid-back feel, scenic surroundings, and proximity to Pier Park, dining, shopping, and top local attractions—without sacrificing privacy. Inside, the generous floor plan offers flexibility for full-time living, vacation use, or investment potential, with five bedrooms providing ample space for guests or multigenerational living. Three full bathrooms enhance comfort and functionality, making this home ideal for entertaining or coastal living. Whether you're seeking a primary residence, second home, or income-producing property, this West End Panama City Beach location offers exceptional value and an unmatched coastal lifestyle.

Key facts

• Dining and shopping
• Beach access
• Three full bathrooms

Tags

• WEST END LOCATION
• BEACH ACCESS
• PROXIMITY TO PIER PARK
• DINING AND SHOPPING
• THREE FULL BATHROOMS
• AMPLE SPACE FOR GUESTS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $315k.

Deal economics

• At list price, monthly cash flow is $159 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $266k (15.4% below list).
• Recommended offer: $266k (15.4% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 2.6% in Panama City Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#172 in FL, #2,624 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities D-, commute F.
• Bay (suburban): math 51% / reading 51% proficiency, ranked #29 of 73 in FL (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents flat; 1249 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).
• This rent runs 40% of the median local income ($80k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Bay County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 182 days — a 12% lower offer ($277k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 21y ago; this cycle's ask has dropped $33k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $148k; list at $315k implies a 113% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $266,433 (15.4% below list)

Questions for the listing agent

1. It's been on market 182 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.85% ✗
• Cap rate: 6.90%
• Cash-on-cash: 2.16%
• DSCR: 1.10
• GRM: 9.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.52% rent growth · sell at horizon

5-year hold

• IRR: -15.5%
• Equity multiple: 0.46×
• Total profit: $-47,520
• Equity at exit: $46,968

10-year hold

• IRR: -11.4%
• Equity multiple: 0.39×
• Total profit: $-54,102
• Equity at exit: $27,235

Cash invested: $88,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32413

• Home prices YoY: -34.4%
• Rents YoY: 0.5%
• Active inventory: 1249
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,664 medium
• Mortgage (P&I): −$1,652
• Tax from tax record: −$163 /mo · $1,955/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$560
• Net cashflow: $159

Break-even live

Break-even rent $2,463

Max offer price $315,000

Occupancy floor 89%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
223 E Lakeshore Dr Unit 1511640P Panama City Beach, FL	4.0	3.5	2594	$7,599	$2.93	21d	1	0.54mi

Listing history 33 events

1. 2026-06-19
   days on market $315,000 Active 182 DOM
2. 2026-06-17
   days on market $315,000 Active 181 DOM
3. 2026-06-16
   days on market $315,000 Active 180 DOM
4. 2026-06-15
   days on market $315,000 Active 179 DOM
5. 2026-06-14
   days on market $315,000 Active 177 DOM
6. 2026-06-13
   days on market $315,000 Active 176 DOM
7. 2026-06-10
   days on market $315,000 Active 174 DOM
8. 2026-06-09
   days on market $315,000 Active 173 DOM
9. 2026-06-08
   days on market $315,000 Active 172 DOM
10. 2026-06-07
    days on market $315,000 Active 171 DOM
11. 2026-06-05
    days on market $315,000 Active 168 DOM
12. 2026-06-03
    days on market $315,000 Active 167 DOM
13. 2026-06-02
    days on market $315,000 Active 166 DOM
14. 2026-06-01
    days on market $315,000 Active 165 DOM
15. 2026-05-31
    days on market $315,000 Active 164 DOM
16. 2026-05-30
    days on market $315,000 Active 163 DOM
17. 2026-04-18
    price $315,000 1129-char remark

    Show marketing remark (1129 chars)

    Welcome to 110 N Vestavia Street, a spacious 5-bedroom, 3-bath home located on the highly sought-after West End of Panama City Beach. Known for its quieter atmosphere, wider beaches, and relaxed coastal charm, this area offers the perfect balance of tranquility and convenience. Just minutes from the sugar-white sands and emerald waters of the Gulf, this property places you close to beach access while remaining tucked away from the heavy tourist traffic. The West End is prized for its laid-back feel, scenic surroundings, and proximity to Pier Park, dining, shopping, and top local attractions—without sacrificing privacy. Inside, the generous floor plan offers flexibility for full-time living, vacation use, or investment potential, with five bedrooms providing ample space for guests or multigenerational living. Three full bathrooms enhance comfort and functionality, making this home ideal for entertaining or coastal living. Whether you're seeking a primary residence, second home, or income-producing property, this West End Panama City Beach location offers exceptional value and an unmatched coastal lifestyle.

18. 2026-04-01
    price $320,000 1129-char remark

    Show marketing remark (1129 chars)

    Welcome to 110 N Vestavia Street, a spacious 5-bedroom, 3-bath home located on the highly sought-after West End of Panama City Beach. Known for its quieter atmosphere, wider beaches, and relaxed coastal charm, this area offers the perfect balance of tranquility and convenience. Just minutes from the sugar-white sands and emerald waters of the Gulf, this property places you close to beach access while remaining tucked away from the heavy tourist traffic. The West End is prized for its laid-back feel, scenic surroundings, and proximity to Pier Park, dining, shopping, and top local attractions—without sacrificing privacy. Inside, the generous floor plan offers flexibility for full-time living, vacation use, or investment potential, with five bedrooms providing ample space for guests or multigenerational living. Three full bathrooms enhance comfort and functionality, making this home ideal for entertaining or coastal living. Whether you're seeking a primary residence, second home, or income-producing property, this West End Panama City Beach location offers exceptional value and an unmatched coastal lifestyle.

19. 2026-02-12
    price $330,000 1129-char remark

    Show marketing remark (1129 chars)

    Welcome to 110 N Vestavia Street, a spacious 5-bedroom, 3-bath home located on the highly sought-after West End of Panama City Beach. Known for its quieter atmosphere, wider beaches, and relaxed coastal charm, this area offers the perfect balance of tranquility and convenience. Just minutes from the sugar-white sands and emerald waters of the Gulf, this property places you close to beach access while remaining tucked away from the heavy tourist traffic. The West End is prized for its laid-back feel, scenic surroundings, and proximity to Pier Park, dining, shopping, and top local attractions—without sacrificing privacy. Inside, the generous floor plan offers flexibility for full-time living, vacation use, or investment potential, with five bedrooms providing ample space for guests or multigenerational living. Three full bathrooms enhance comfort and functionality, making this home ideal for entertaining or coastal living. Whether you're seeking a primary residence, second home, or income-producing property, this West End Panama City Beach location offers exceptional value and an unmatched coastal lifestyle.

20. 2026-01-24
    price $340,000 1129-char remark

    Show marketing remark (1129 chars)

    Welcome to 110 N Vestavia Street, a spacious 5-bedroom, 3-bath home located on the highly sought-after West End of Panama City Beach. Known for its quieter atmosphere, wider beaches, and relaxed coastal charm, this area offers the perfect balance of tranquility and convenience. Just minutes from the sugar-white sands and emerald waters of the Gulf, this property places you close to beach access while remaining tucked away from the heavy tourist traffic. The West End is prized for its laid-back feel, scenic surroundings, and proximity to Pier Park, dining, shopping, and top local attractions—without sacrificing privacy. Inside, the generous floor plan offers flexibility for full-time living, vacation use, or investment potential, with five bedrooms providing ample space for guests or multigenerational living. Three full bathrooms enhance comfort and functionality, making this home ideal for entertaining or coastal living. Whether you're seeking a primary residence, second home, or income-producing property, this West End Panama City Beach location offers exceptional value and an unmatched coastal lifestyle.

21. 2025-12-17
    listed $348,000 Active 1129-char remark

    Show marketing remark (1129 chars)

    Welcome to 110 N Vestavia Street, a spacious 5-bedroom, 3-bath home located on the highly sought-after West End of Panama City Beach. Known for its quieter atmosphere, wider beaches, and relaxed coastal charm, this area offers the perfect balance of tranquility and convenience. Just minutes from the sugar-white sands and emerald waters of the Gulf, this property places you close to beach access while remaining tucked away from the heavy tourist traffic. The West End is prized for its laid-back feel, scenic surroundings, and proximity to Pier Park, dining, shopping, and top local attractions—without sacrificing privacy. Inside, the generous floor plan offers flexibility for full-time living, vacation use, or investment potential, with five bedrooms providing ample space for guests or multigenerational living. Three full bathrooms enhance comfort and functionality, making this home ideal for entertaining or coastal living. Whether you're seeking a primary residence, second home, or income-producing property, this West End Panama City Beach location offers exceptional value and an unmatched coastal lifestyle.

22. 2021-12-14
    historical
23. 2021-12-14
    historical
24. 2021-12-14
    historical
25. 2021-12-09
    historical
26. 2021-12-09
    historical
27. 2011-10-11
    listed $14,900
28. 2011-05-25
    soldstatus $148,000
29. 2011-03-11
    listed $155,000
30. 2008-08-15
    listed $169,000
31. 2005-10-20
    listed $299,000
32. 2005-06-18
    listed $330,000
33. 2005-02-05
    listed $394,114

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,955 · $163/mo
• Projected year-2 tax: $2,614 · $218/mo
• Expected delta: +$660/yr (+$55/mo · 33.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,972
• − Mortgage interest: −$17,645
• − Property taxes: −$1,955
• − Insurance: −$1,575
• − Repairs & maintenance: −$2,558
• − Management: −$2,558
• − Depreciation: −$9,164
• Taxable loss: −$3,482
• Est. tax savings @ 24.0%: +$836
• After-tax cash flow: $2,741/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bay
• NCES district ID: 1200090
• Math proficiency: 51% ▼ -8.00%
• Reading proficiency: 51% ▼ -7.00%
• Median HH income: $47,740
• Composite: 43.41/100
• National rank: #3014
• State rank: #29 of 73 in FL

Livability — Panama City Beach

• Score: 78/100
• State rank: #172
• US rank: #2624

Category grades

Amenities D- Commute F Cost of living B- Crime A+ Employment A- Housing A+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Panama City Beach, FL
• County: Bay County · 163,593 people
• City population: 50,689
• Metro: Panama City, FL
• Population (ZIP): 15,453
• Household income: $80,039
• Rent vs Own: 29.8% rent · 70.2% own
• Severe rent burden: 531.0

Population outlook (Bay County) Hauer SSP2

• Today (2025): 206,264 people
• By 2030: 217,740 · +5.6%
• By 2040: 238,738 · +15.7%
• By 2050: 255,545 · +23.9%
• By 2075: 288,295 · +39.8%
• By 2100: 288,638 · +39.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 8% Two or more races 6% Black 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Slovak 3% Italian 3% Lithuanian 2%
• Foreign-born: 8% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 6% Other Indo-European 1% Russian/Polish/Slavic 0%

Political lean MEDSL · Bay

• 2024 margin: Solid R (+47.4) · D 25.8% · R 73.1% · Other 1.1%
• 2008→2024 swing: -6.6pp toward R · 2008: -40.7pp · 2024: -47.4pp
• All cycles: 2024: R+47.4 2020: R+43.5 2016: R+46.3 2012: R+43.6 2008: R+40.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -185.97%
• Current HPI: 354.7469
• Rent YoY: ▲ 0.52%
• Metro: Panama City, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-20.1% since first listed

17 events — show timeline

• 2026-04-18 Price Changed $315,000 CPARMLS
• 2026-04-01 Price Changed $320,000 CPARMLS
• 2026-02-12 Price Changed $330,000 CPARMLS
• 2026-01-24 Price Changed $340,000 CPARMLS
• 2025-12-17 Listed $348,000 CPARMLS
• 2021-12-14 Listing Removed — CPARMLS
• 2021-12-14 Listing Removed — CPARMLS
• 2021-12-14 Listing Removed — CPARMLS
• 2021-12-09 Listing Removed — CPARMLS
• 2021-12-09 Listing Removed — CPARMLS
• 2011-10-11 Listed $14,900 CPARMLS
• 2011-05-25 Sold (MLS) $148,000 CPARMLS
• 2011-03-11 Listed $155,000 CPARMLS
• 2008-08-15 Listed $169,000 CPARMLS
• 2005-10-20 Listed $299,000 CPARMLS
• 2005-06-18 Listed $330,000 CPARMLS
• 2005-02-05 Listed $394,114 CPARMLS

Property tax history

+19.6%/yr

Latest (2025): $1,955 · +7.3% YoY. Source: county tax records.