Seize the investment opportunity to own The Overlook at 2254 W Highway 98, a luxury waterfront apartment community with a total of 38 units comprising 141 bedrooms and accommodating up to 415 guests in the Florida Panhandle. The Overlook community is designed to appeal to both vacationers and long-term residents, offering the perfect blend of modern living and coastal charm. Guests and residents can enjoy a variety of activities, from scalloping and fishing in the bay to relaxing on the private beach while taking in breathtaking sunsets.

The unit mix includes five five-bedroom, three-bath units, 18 four-bedroom, three-bath units, five two-bedroom, one-bath units, and two one-bedroom, one-bath units. Every unit showcases designer finishes, including luxury vinyl tile flooring, quartz countertops, custom tile showers, and GE stainless steel appliances. Balconies are a standout feature, with every bedroom and living room opening onto a private outdoor space offering spectacular views. The interiors are bright and open, enhanced by natural light and premium design elements such as Moen plumbing fixtures, dual vanities, rainfall showerheads, and custom interior doors. Covered parking and storage solutions further add to the convenience.

The property is rich with amenities, featuring a 1,500-square-foot heated pool accompanied by a barbecue pavilion. There is a 400-square-foot rooftop terrace, complete with an outdoor bar and pergola. Additionally, the private clubhouse offers a cozy lounge, meeting rooms for business or social events, and a fully equipped gym. The property also boasts 825 feet of private beach access and scenic bayfront frontage. HOA dues cover essential services, including cable, internet, insurance, pool and clubhouse maintenance, and BBQ pavilion upkeep.

The Overlook community is the closest beachfront community to downtown Port St. Joe, just 45 minutes from Panama City. Downtown Port St. Joe is a picturesque beach town located along the beautiful white sandy beaches of Gulf County, Florida. This location is filled with local shops, dining, and entertainment.

Located in an Opportunity Zone, this property offers attractive 80% LTV purchase financing through partner lenders. Priced at an 8.72% cap rate, the building offers excellent returns over a five-year hold period. For a long-term owner/operator looking to collect on an annual basis, there is a 10.5% or more cash-on-cash yield based on stabilized cash flows. Sellers are willing to provide furniture financing and a Net Operating Income guarantee for the First Year.