$849,900
$240K PRICE DROP

129 Malaga Place Panama City Beach, FL 32413

Estimated payment $5,056/month

Total Views 9,671
6 Beds
4 Baths
2,465 Sq Ft
$345 Price per Sq Ft

Highlights

  • Gulf View
  • Deck
  • No HOA
  • J.R. Arnold High School Rated A-
  • Furnished
  • Porch

About This Home

MAJOR PRICE IMPROVEMENT! SELLER IS EXTREMELY MOTIVATED!! LESS THAN A BLOCK TO THE DEDICATED BEACH!!! Whether you're an investor or just looking for your perfect coastal retreat, this is the beachy dream you've been waiting for!
Live in one, rent the other — or double the income potential with both units! (Rental projections in documents.) Catch glimpses of the shimmering gulf from the porch and feel the sea breeze in your hair. So close to the beach, shops, restaurants, and everything that makes coastal living a dream.
Welcome to 'Salt & Sea Cottages' - Your Coastal Escape Awaits! Grab your flip-flops and sunscreen! This fully furnished, beachy-coastal duplex is the ultimate getaway for sun-chasers and sea lovers! With amazing updated kitchens, six breezy bedrooms and four sparkling bathrooms, these charming beach cottages comfortably sleep up to 16 guests - 8 on each side, making it perfect for big family gatherings, friend-cations, or a double dose of seaside serenity.
Each unit is thoughtfully decorated with coastal charm - think driftwood accents, soft sea-glass hues, and nautical touches that whisper vacation vibes only. Whether you're sipping coffee on the porch to the sound of waves or unwinding after a salty day in the sun, you'll feel right at home.
Furnished with everything you need to be turn-key, Salt & Sea Cottages are ready to host the next beachside adventure. Just add swimsuits and a sense of fun! Paradise is waiting! Call now to schedule your tour before the tide (and this deal) rolls out!

Listing Agent

Kay Blanchard

Beachy Beach Real Estate Listed on: 03/23/2025

Beachy Beach Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,536

Year Built

  • Built in 1950

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50 x 130
  • Fenced

Home Design

  • Duplex
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 2,465 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Window Treatments
  • Living Room
  • Gulf Views
  • Stacked Washer and Dryer

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Split Bedroom Floorplan
  • 4 Full Bathrooms

Parking

  • No Garage
  • Driveway

Outdoor Features

  • Deck
  • Patio
  • Porch

Schools

  • West Bay Elementary School
  • Surfside Middle School
  • Arnold High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units
  • Laguna Beach Estates 4Th Add Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,536

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1950
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.15
  • Lot Size: 50 x 130
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Laguna Beach Estates 4th Add
  • Architectural Style: Duplex
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Washer/Dryer Stacked, Dishwasher, Microwave, Refrigerator
  • Interior Amenities: Breakfast Bar, Kitchen Island, Split Bedrooms, Window Treatments
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Luxury Vinyl Plank
  • Dining Room Type: Bedroom, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
  • Stories: 1

Exterior Features

  • Fencing: Fenced
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Deck
  • Patio And Porch Features: Deck, Open, Porch

Garage/Parking

  • Parking Features: Driveway, No Garage
  • Garage: No
  • Attached Garage: No

Utilities

  • Utilities: Electricity Available, Septic Available
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Stacked
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Septic Tank

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Features: Paved
  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Mobile Dim Units: Feet
  • Zoning Description: City, Resid Multi-Family

Multi Family

  • Number Of Units Total: 2
  • Number Of Units Furnished: All Units

MLS Schools

  • Elementary School: West Bay
  • High School: Arnold

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,536 $444,602 $263,222 $181,380
2023 $5,536 $436,371 $253,000 $183,371
2022 $2,068 $153,940 $0 $0
2021 $1,796 $139,945 $0 $0
2020 $1,588 $127,223 $91,000 $36,223
2019 $1,567 $120,671 $84,448 $36,223
2018 $1,510 $114,252 $0 $0
2017 $1,457 $109,252 $0 $0
2016 $1,458 $107,377 $0 $0
2015 $1,471 $105,407 $0 $0
2014 $1,498 $107,577 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2025 08/28/25 Price Changed $849,900 -2.9% $345 / Sq Ft
08/22/2025 08/22/25 Price Changed $874,900 -2.8% $355 / Sq Ft
08/13/2025 08/13/25 Price Changed $899,900 -3.2% $365 / Sq Ft
08/05/2025 08/05/25 Price Changed $929,900 -4.6% $377 / Sq Ft
07/31/2025 07/31/25 Price Changed $975,000 -1.5% $396 / Sq Ft
05/24/2025 05/24/25 Price Changed $990,000 -9.2% $402 / Sq Ft
04/05/2025 04/05/25 For Sale $1,090,000 +148.3% $442 / Sq Ft
09/19/2022 09/19/22 Off Market $439,000 -- --
06/21/2022 06/21/22 Sold $439,000 -8.4% $248 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
05/22/2022 05/22/22 Price Changed $479,000 -4.0% $271 / Sq Ft
05/15/2022 05/15/22 For Sale $499,000 -- $282 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $439,000 Mti Title
Quit Claim Deed -- None Available
Warranty Deed $130,000 Lawyers Title Agency Of Nort
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $590,000 Construction
Source: Public Records

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Source: Central Panhandle Association of REALTORS®

MLS Number: 770788

Central Panhandle Association of REALTORS®

APN: 37909-000-000