330 Laureno Pl · Laguna Beach, FL 32413

$179,900

2 bd · 2.0 ba · 672 sqft · Manufactured public records · 159 Days on market

Built 1975 2,962 sqft lot $268/sqft · 29% below area Est $255k · 29% under

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Why this score? — see what drove the C- 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 +15.8/30.0
• ARV discount +15.0/15.0
• DSCR +4.9/10.0
• Schools +4.3/10.0
• Livability +3.7/5.0
• 1% rule +3.6/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located on the south side of 98 hwy - just three blocks from the Gulf. This 50×60 lot sits in a neighborhood undergoing steady redevelopment, surrounded by newer construction and rising values. A 1975 mobile home conveys AS-IS, currently livable and usable while you plan your next move. No HOA, RS zoning, and a location that supports Short Term Rentals, long-term rentals, or tear-down/new build. Under $200K for Gulf-area land in PCB is a shrinking window -- this is that window.

Key facts

• 50 x 60 lot
• Mobile home
• 2,962 sq ft lot

Tags

• 50 X 60 LOT
• MOBILE HOME
• 3 WALKING BLOCKS TO BEACHES
• NEAR NEW CONSTRUCTION
• SHORT STROLL TO SANDS
• GOLF CART ACCESS TO BEACH

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $180k.

Deal economics

• At list price, monthly cash flow is $84 ($1k/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 $155k (13.8% below list).
• Recommended offer: $155k (13.8% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 0.9% in Laguna 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 74/100 on livability (#283 in FL, #4,522 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A; Watch: schools F, amenities 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; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 159 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 22y ago; this cycle's ask has dropped $50k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; list at $180k implies a 177% 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 $155,041 (13.8% below list)

Questions for the listing agent

1. It's been on market 159 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.86% ✗
• Cap rate: 6.85%
• Cash-on-cash: 1.99%
• DSCR: 1.09
• GRM: 9.7

CMA / ARV

• ARV (median comp): $255,102
• List price: $179,900
• Delta: -29.48%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
227 Deluna Pl	0.15mi	2/2.0	672 (0%)	1mo	$275,000	$409	92
19920 Bonita St	0.70mi	2/2.0	696 (+4%)	16mo	$206,000	$296	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -15.8%
• Equity multiple: 0.45×
• Total profit: $-27,643
• Equity at exit: $26,824

10-year hold

• IRR: -12.0%
• Equity multiple: 0.36×
• Total profit: $-32,117
• Equity at exit: $15,554

Cash invested: $50,372 (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: 9.7×

Monthly cashflow live

• Estimated rent: $1,550 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$123 /mo · $1,474/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $84

Break-even live

Break-even rent $1,445

Max offer price $179,900

Occupancy floor 90%

Sensitivity live

Price	-10% $185	-5% $134	+0% $84	+5% $33	+10% $-18
Rent	-10% $-39	-5% $22	+0% $84	+5% $145	+10% $206
Rate	-1.0pp $174	-0.5pp $129	base $84	+0.5pp $37	+1.0pp $-10

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17784 Front Beach Rd #16 Panama City, FL	1.0	1.0	385	$1,500	$3.90	21d	1	0.58mi
310 Malaga Pl Unit 1 Panama City Beach, FL	2.0	1.0	480	$1,450	$3.02	13d	1	0.63mi
17614 Front Beach Rd Unit 16D Panama City Beach, FL	2.0	1.0	748	$1,600	$2.14	21d	1	0.88mi

Listing history 32 events

1. 2026-06-19
   days on market $179,900 Active 159 DOM
2. 2026-06-18
   days on market $179,900 Active 158 DOM
3. 2026-06-17
   days on market $179,900 Active 157 DOM
4. 2026-06-16
   days on market $179,900 Active 156 DOM
5. 2026-06-15
   days on market $179,900 Active 155 DOM
6. 2026-06-14
   days on market $179,900 Active 153 DOM
7. 2026-06-13
   days on market $179,900 Active 152 DOM
8. 2026-06-10
   days on market $179,900 Active 150 DOM
9. 2026-06-09
   days on market $179,900 Active 149 DOM
10. 2026-06-08
    days on market $179,900 Active 148 DOM
11. 2026-06-07
    days on market $179,900 Active 147 DOM
12. 2026-06-05
    days on market $179,900 Active 144 DOM
13. 2026-06-03
    days on market $179,900 Active 143 DOM
14. 2026-06-02
    days on market $179,900 Active 142 DOM
15. 2026-06-01
    days on market $179,900 Active 141 DOM
16. 2026-05-31
    days on market $179,900 Active 140 DOM
17. 2026-05-30
    days on market $179,900 Active 139 DOM
18. 2026-04-24
    status Active 488-char remark

    Show marketing remark (488 chars)

    Located on the south side of 98 hwy - just three blocks from the Gulf. This 50×60 lot sits in a neighborhood undergoing steady redevelopment, surrounded by newer construction and rising values. A 1975 mobile home conveys AS-IS, currently livable and usable while you plan your next move. No HOA, RS zoning, and a location that supports Short Term Rentals, long-term rentals, or tear-down/new build. Under $200K for Gulf-area land in PCB is a shrinking window -- this is that window.

19. 2026-04-17
    price $179,900 488-char remark

    Show marketing remark (488 chars)

    Located on the south side of 98 hwy - just three blocks from the Gulf. This 50×60 lot sits in a neighborhood undergoing steady redevelopment, surrounded by newer construction and rising values. A 1975 mobile home conveys AS-IS, currently livable and usable while you plan your next move. No HOA, RS zoning, and a location that supports Short Term Rentals, long-term rentals, or tear-down/new build. Under $200K for Gulf-area land in PCB is a shrinking window -- this is that window.

20. 2026-02-17
    price $189,900 488-char remark

    Show marketing remark (488 chars)

    Located on the south side of 98 hwy - just three blocks from the Gulf. This 50×60 lot sits in a neighborhood undergoing steady redevelopment, surrounded by newer construction and rising values. A 1975 mobile home conveys AS-IS, currently livable and usable while you plan your next move. No HOA, RS zoning, and a location that supports Short Term Rentals, long-term rentals, or tear-down/new build. Under $200K for Gulf-area land in PCB is a shrinking window -- this is that window.

21. 2026-02-03
    price $199,000 488-char remark

    Show marketing remark (488 chars)

    Located on the south side of 98 hwy - just three blocks from the Gulf. This 50×60 lot sits in a neighborhood undergoing steady redevelopment, surrounded by newer construction and rising values. A 1975 mobile home conveys AS-IS, currently livable and usable while you plan your next move. No HOA, RS zoning, and a location that supports Short Term Rentals, long-term rentals, or tear-down/new build. Under $200K for Gulf-area land in PCB is a shrinking window -- this is that window.

22. 2026-01-09
    listed $230,000 Active 488-char remark

    Show marketing remark (488 chars)

    Located on the south side of 98 hwy - just three blocks from the Gulf. This 50×60 lot sits in a neighborhood undergoing steady redevelopment, surrounded by newer construction and rising values. A 1975 mobile home conveys AS-IS, currently livable and usable while you plan your next move. No HOA, RS zoning, and a location that supports Short Term Rentals, long-term rentals, or tear-down/new build. Under $200K for Gulf-area land in PCB is a shrinking window -- this is that window.

23. 2021-12-14
    historical
24. 2021-12-14
    historical
25. 2017-02-20
    soldstatus $65,000
26. 2017-02-16
    soldstatus $65,000
27. 2015-06-23
    listed $69,000
28. 2012-08-01
    soldstatus $54,000
29. 2004-07-06
    listed $179,000
30. 2004-07-01
    listed $179,000
31. 2003-04-17
    soldstatus $28,000
32. 2000-01-06
    soldstatus $15,000

ⓘ 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: $1,474 · $123/mo
• Projected year-2 tax: $1,493 · $124/mo
• Expected delta: +$19/yr (+$2/mo · 1.3%)

ⓘ 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: $18,605
• − Mortgage interest: −$10,077
• − Property taxes: −$1,474
• − Insurance: −$900
• − Repairs & maintenance: −$1,488
• − Management: −$1,488
• − Depreciation: −$5,233
• Taxable loss: −$2,056
• Est. tax savings @ 24.0%: +$494
• After-tax cash flow: $1,497/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 — Laguna Beach

• Score: 74/100
• State rank: #283
• US rank: #4522

Category grades

Amenities F Commute C+ 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: Laguna Beach, FL
• County: Bay County · 163,593 people
• 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

+1099.3% since first listed

15 events — show timeline

• 2026-04-24 Relisted — CPARMLS
• 2026-04-17 Price Changed $179,900 CPARMLS
• 2026-02-17 Price Changed $189,900 CPARMLS
• 2026-02-03 Price Changed $199,000 CPARMLS
• 2026-01-09 Listed $230,000 CPARMLS
• 2021-12-14 Listing Removed — CPARMLS
• 2021-12-14 Listing Removed — CPARMLS
• 2017-02-20 Sold (Public Records) $65,000 Public Records
• 2017-02-16 Sold (MLS) $65,000 CPARMLS
• 2015-06-23 Listed $69,000 CPARMLS
• 2012-08-01 Sold (Public Records) $54,000 Public Records
• 2004-07-06 Listed $179,000 CPARMLS
• 2004-07-01 Listed $179,000 CPARMLS
• 2003-04-17 Sold (Public Records) $28,000 Public Records
• 2000-01-06 Sold (Public Records) $15,000 Public Records

Property tax history

+10.2%/yr

Latest (2025): $1,474 · +12.4% YoY. Source: county tax records.