**CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS** Adorable, updated and upgraded ''beach house'' located in the desirable Biltmore Beach neighborhood in the South Lagoon area of Panama City Beach. A perfect home for a primary residence where others vacation, as a secondary vacation home, or as an income producing property for investors looking for an attractive, income-generating short term rental. ACTUAL gross annual rental revenue history (NOT estimated rental projections) of $91,714 in 2022 and $124,030 in 2023 for the current owners during their two years of ownership. This tropical oasis is located just four short blocks from some of the world's most beautiful, white sugar sand beaches and there's easy access to the boat ramps on Grand Lagoon just around the corner! The east PCB location is close to shopping, St. Andrews State Park and some of the best local dining establishments in the area. This well laid-out home boasts three bedrooms (with two bedrooms on the ground level) and two full bathrooms, as well as a spacious bonus room on the second floor, which can be used as an additional bedroom or living space that leads out to a large balcony overlooking the backyard pool, where you can relax and enjoy beautiful sunsets and the fresh Gulf breeze. The home has been recently beautifully renovated with LVP flooring and updated bathrooms and kitchen with stainless steel appliances and granite countertops. The fenced back yard offers serenity and privacy and is low maintenance with its artificial turf where you can play games in the yard and spend time with friends on the elevated, covered wooden deck adjacent to the pool or in the corner bench and high top table area shaded by a tiki umbrella. Your pets will even enjoy a special area to do their business. Leading out to the back yard, you can take a dip in the hot tub inside of the screened in patio room. There is ample storage and parking with one covered parking space along with enough room for five additional vehicles to allow for parking for friends and family or for vacation rental visitors. This beach paradise is offered furnished with calming coastal decor sure to delight you and your guests. (Please note that select personal items and furnishing/decor items are not included. Please see the list of items excluded from the sale under the listing documents.) As a short term rental, the home nicely accommodates up to 12 guests with its seven beds and comfortable furnishings. As a primary or vacation home, you'll feel like you are on vacation every day!