All Forum Posts by: Leah Gober

Hi! I am a realtor and investor on the FL Panhandle and PCB is one of our best STR markets. We have low vacancy even in off season and people pay a premium to vacation here. I would consider a townhome as well! I have on offered at 650k that does about 75k. There was also another one listed recently at 725k that was clearing 100k a year. Anything off a Front Beach Road generally speaking does pretty well and lower HOA fees!

Thank you for your input, Jossalyn! Can you share the listings, I can review?

0 Votes

Quote from @Chris Webb:

Hi @Leah Gober, thanks for sharing. I am looking to invest in PCB and the surrounding areas within the next year. I am happy you shared this chart and started this tread. Take care, Chris.

Thank you for the kind message, Chris! I devoted a lot of time doing tons of research and have narrowed it down after talking to the guys who posted these numbers. They were extremely knowledgeable and know all complexes inside and out, so based on their advice I am putting in an offer on a couple of places next week as it seems like a win win! I am so ready to finally pull the trigger! Wish me luck!

2 Votes

Hi Jeff,

My goal is to be very present in the wonderful community and share what I learn through the process of my acquisition of multiple properties in PCB. I understand how essential is to partner with the right individuals who are transparent and have done it already. Thank you for everyone's wisdom on that matter!

2 Votes

Quote from @Jeff Costa:

Anyone interested in forming a small PCB buyer's group to review deals and learn?

100%!

1 Vote

Quote from @Jamie Hoth:

I recently closed on a unit in the Shores of Panama a 2 BD/2B it has only been a few months but so far it is going great.

Hi Jamie,

Thanks for sharing your feedback! I am so glad your unit is doing well! Shores is one of the complexes I am also looking at, have you heard anything about the huge assessment they may add to the owners? This is my only concern I have, as I was warned about it.

0 Votes

Quote from @Jon Martin:

How does PCB do in the winter months? Is it to cool up that way to get the kind of traffic that southern Florida gets?

Hi Jonathan,

From what I understood PCB is busy year round, the winter months are occupied by snowbirds for extended periods, rather than short terms and the rates are not as high as the summer ones.

1 Vote

Quote from @Trent Reeve:

i would question those numbers a little. they are likely taking nightly numbers, and estimating it over all 12 months. properties arent going to rent or stay full all 12 months.

Thank you for your input, Trent! I did contact them to understand the numbers better and the posted numbers are the ones over the length of a full year worth of income produced for these complexes with the summer being the high season and the winter the slowest season. It seems very intriguing as the market seems to be cooling off and from what I was told there will be lots of new inventory flooding the market in the next couple of months. I am going to get my ducks in a row, so I can get preapproved for a loan and jump right in. I feel confident with the PCB market that over an extended period of time it will be a very beneficial investment.

Thanks again!

1 Vote

Quote from @Kevin Pillow:

I’ll send you a DM with some numbers that we use but PCB is doing great ADRs with double digit growth in some areas closer to the water. The biggest thing about the area is you can get a single family home with 3+ Beds for under $600k. If you want that in Destin it’s going to be in the $800k+ range.

That would be great, Kevin! I appreciate your help!

0 Votes

Hi BP members,

I have been researching the short term market and always go back to Panama City beach as the one to invest in. I found an interesting article with numbers attached. If anyone has any feedback, I would greatly appreciate it. The numbers they produce are awesome and I can make them work. What is everyone's experience on this?https://ziavacationrentals.com...

Thank you in advance!

Actual Income Produced Arrivals in 2021

Property	Unit Size	Gross Income, Includes taxes and Fees	Gross Income Without Taxes and Fees – Nightly Rates Only
Aqua	3BD/3BA	$130,921.93	$96,395.42
Calypso	2BD/2BA	$96,914.96	67,570.30
Grand Panama Tower II	1BD/2BA	$75,763.82	$52,048.59
Laketown Wharf	1BD/2BA	$67,669.85	$47,714.70
Laketown Wharf	2BD/2BA	87,500.56	$58,525.77
Laketown Wharf	3BD/3BA	$114,265.21	$81,700.13
Majestic Towers	1BD/1BA	$69,963.14	$42,857.63
Majestic Towers	3BD/2BA	$100,855.01	$70,292.53
Majestic Towers	4BD/3BA	$114,398.28	$81,236.13
Ocean Reef	4BD/4BA	$121,642.11	$84,965.42
Shores Of Panama	1BD/2BA	$68,998.05	$46,165.82
Sterling Breeze	1BD/2BA	$69,103.59	$47,055.21
Tidewater	1BD/2BA	$69,486.07	$47,464.60
Tidewater	2BD/3BA	$89,685.63	$60,861.18
Tidewater	3BD/3BA	$117,059.60	$88,088.77
Stearling Breeze	1BD/2BA	$69,103.59	$47,055.21
Private Home	3BD/3BA	$115,249.06	$84,818.68

4 Votes

All Forum Posts by: Leah Gober

Leah Gober has started 1 posts and replied 9 times.

Post: Panama city beach income numbers

Post: Panama city beach income numbers

Post: Panama city beach income numbers

Post: Panama city beach income numbers

Post: Panama city beach income numbers

Post: Panama city beach income numbers

Post: Panama city beach income numbers

Post: Panama city beach income numbers

Post: Panama city beach income numbers