21311 Caribbean Lane
Panama City Beach, FL 32413
$715,000
NEW LISTING Active
Description
Toasted Coconut is a fully turnkey 3 bed, 2 bath Riviera Beach rental with a track record most investment properties can't match. It's an Airbnb Guest Favorite in the top 5% of eligible listings, with a 4.96 rating across 121 reviews and perfect 5.0 scores for cleanliness, accuracy, check-in, communication and value. The host is a Superhost. Gross rental revenue was $67,226 in 2024 and $68,433 in 2025, and the owners project about $70,000 for 2026. It sells fully furnished and fully equipped, sleeps 10, and is ready to keep earning from day one. A buyer can take over the operation without buying furniture, renovating or building a booking history from scratch.
The location drives those numbers. Riviera Beach sits on the west end of Panama City Beach, about 10 minutes from both Pier Park and Scenic 30A. Guests are a short walk or a one-minute golf cart ride from the white sand at Gulf beach access #86, with Conservation Park's 24 miles of trails a short drive away. There's no HOA, so no association fees and no HOA rental restrictions.
The owners have run this home well and reinvested in it every year. Since 2023 they've added a new Rheem two-stage heat pump HVAC system with corrosion protection and a 10-year parts warranty, a new 50-gallon water heater, a new Maytag washer and dryer, all-new furnishings and a full interior refresh covering lighting, fixtures, paint, trim, faucets and hardware.
Listing details MLS# 1015294
Location, Tax and Legal
- Area
- 27 - Bay County
- Sub area
- 2724 - Beach - West Central
- Subdivision
- RIVIERA BEACH
- County
- Bay
- Parcel ID
- 35482-010-000
- Tax year
- 2025
- Annual tax
- 6625.58
- Legal description
- RIVIERA BEACH LOT 113 ORB 4727 P 79
- Zoning
- Resid Single Family
General Property Info
- Property type
- Residential
- Year built
- 2014
- Acreage
- 0.13
- Lot size (sq ft)
- 5662.8
- Lot dimensions
- 110 x 50
- New construction
- No
- Condition
- Renovated, Construction Complete
Interior
- Bedrooms
- 3
- Bathrooms
- 2
- Full baths
- 2
- Half baths
- 0
- Building area
- 1475
- Heating
- Heat Pump Air To Air
- Cooling
- Ceiling Fans, Central Air
- Flooring
- Floor Tile
- Interior features
- Breakfast Bar, Ceiling Tray/Cofferd, Kitchen Island, Lighting Recessed, Owner's Closet, Pantry, Pull Down Stairs, Wallpaper, Walls Paneled, Washer/Dryer Hookup
- Appliances
- Dishwasher, Dryer, Freezer, Microwave, Refrigerator W/IceMk, Security System, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Washer, Water Heater - Elect
- Total rooms
- 9
Exterior and Site
- Construction
- Roof Pitched, Siding CmntFbrHrdBrd, Siding Shake, Trim Vinyl, Trim Wood
- Roof
- Roof Metal
- Exterior features
- Rain Gutter, BBQ Pit/Grill, Columns, Fenced Back Yard, Hot Tub, Sprinkler System
- Patio and porch
- Patio Covered, Porch Open
- Garage spaces
- 1
- Pool
- No
- Fencing
- Fenced Privacy
- Road surface
- Paved
- Road frontage
- City Street
Utilities
- Utilities
- Electric, Public Water
- Sewer
- Septic Tank
Schools
- Elementary
- West Bay
- Middle school
- Surfside
- High school
- Arnold
Remarks and Misc
- Special conditions
- Accept Backup Offers
- Directions
- From Panama City Beach Pkwy (Hwy 98), turn south onto Le Grand Dr. Follow Le Grand Dr, turn right onto Caribbean Ln, and the property is the third home on the left.
