Bank approved short sale! Ready to close whenever you are! Here's your chance to scoop up a bargain, well below appraised value, in a prime panama city beach location! Unlock the potential of this spacious, multi level beach home zoned for short term rentals. The ground level offers a private entry studio apartment with full kitchen and bath, perfect for guests or rental income. The main residence comfortably sleeps 10 and features two primary suites with ensuite baths, open concept living area, and kitchen with quartz countertops and a large island/breakfast bar. The top floor adds two bunkrooms and an additional full bath, ideal for kids or overflow guests. Wide wraparound balconies on both main levels overlook treasure island marina and captain anderson's, plus a sun deck where you can watch the fishing fleet return at day's end. Most of the improvements made to the home, including roof, hvac, kitchen(s), and baths have been done since 2021. Some cosmetic touch ups could bring this property to its full potential. It is a unique opportunity to score a great deal on a primary residence, vacation retreat, or income producing investment on the beach. This is a short sale. All offers are subject to third party approval.