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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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16908 Innocente Ave , Panama City Beach, FL 32413
$995,000
Est. Payment: $5,497.23/mo
6 Bed
5 Bath
3354 Sqft
0.22 Acres
Status: Active | Days on site: 1
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Harrison Lilly Team
Owner/Operator

House Description

This massive single-family estate, currently operating as the high-performing ''Mighty Paradise'' (with $170K+ in rental history) offers an incredible investment opportunity just two blocks from the beach and one mile from Pier Park. Designed for maximum occupancy and versatility, the property features a sprawling layout that sleeps up to 24 guests, making it a favorite for large groups and reunions. Renovations include a fully remodeled kitchen, fresh interior paint, and a resurfaced 16x32 heated saltwater pool, ensuring a turnkey experience for the next owner. Beyond the main living areas, the property distinguishes itself with a dedicated game room equipped with billiards, foosball, and air hockey, plus a private hot tub for ultimate relaxation. Uniquely designed with separate guest quarters that include a second full kitchen and private patio, this estate offers rare flexibility for multi-generational families or groups seeking privacy. With no HOA and a proven history of rental success, this is a standout asset in the PCB market.

Highlights

Listed by Roar G Gardner , 724-513-6012 EXP Realty LLC , 888-883-8509. Bay County Association of REALTORS

Property Type

Residential

Lot/Acreage
0.22

Year Built

1967

County

Bay

Area

03 - Bay County - Beach

Neighborhood

El Centro Beach

Listing ID

793916

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:4
  • ▪ 1/2 Bathrooms:1
Appliances:Electric Cooktop, Electric Oven, Electric Range
Air Cond:Central Air,Ceiling Fan(s)
Fireplaces:
Other:
  • ▪ Additional:Tub Shower

Exterior Features

Lot:Sprinkler System
Lot Dimensions:80.0 ft x 120.0 ft
Zoning:Resid Single Family
Sewer:Public Sewer
Principal Interest
$5,497
Taxes
$606

Home Price

$995,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$199,000
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Monthly Price:
$5,497.23

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,497.23 $606.39 $0.00 $6,103.62
Yearly $65,966.78 $7,276.63 $0.00 $73,243.41
Total $1,979,003.41 $218,298.90 $0.00 $2,197,302.31

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T08:07:44.000Z

© 2026 Bay County Association of REALTORS