CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS This large Mediterranean-style residence presents a rare value-add opportunity in Trieste, one of Panama City Beach's most private and upscale gated communities, ideally located between Pier Park, the Gulf of Mexico, and St. Andrews Bay. Offering 3,265 heated and cooled square feet and 4,248 square feet under roof, the home features four or five bedrooms with . The previous owners used the downstairs fifth-bedroom space as an office, but its generous walk-in closet makes it well suited for use as an additional bedroom. Built by Koehnemann Construction as a 2007 Parade of Homes entry, the residence showcases architectural character that is difficult to duplicate today. Timeless details include 10- to 12-foot ceilings, a dramatic two-story great room with a fireplace, solid wood plantation shutters on most all windows, spacious living areas, multiple porches, and an open upstairs family room overlooking the great room below. The generously sized kitchen features granite countertops, custom hand-rubbed stained cabinetry, stainless-steel appliances, gas cooking, and a large walk-in pantry. The huge downstairs primary suite offers privacy and convenience, along with an elegant trayed ceiling. Ready for its next chapter, the home is move-in ready while offering an exciting opportunity to gradually add personal style and create additional equity. The primary opportunities include interior and exterior paint, updated flooring, and personalized design selections. Trieste has demonstrated strong luxury resale value, with previous sales ranging from approximately $304 to $505 per square foot, and renovated homes in the community have supported substantially higher values. A standout feature is the home's hurricane protection. Metal storm shutters lower over three entry areas, protecting the front and rear entrances as well as the balcony doors. This provides added peace of mind and offer potential insurance benefits. Additional features include natural gas, three-phase electric service, Extra large walk-in attic storage, multiple porches, stainless-steel appliances, and a versatile floor plan designed for both comfortable everyday living and entertaining. The rear porch also includes a powder room just inside door that could serve as a convenient pool bath should the next owner choose to add a pool. Currently Backyard is Brick pavers and artificial turf or grass great for a putting green or small pets. For the buyer, investor, or luxury renovation specialist seeking privacy, prestige, a premier location, and the opportunity to create a customized residence with substantial upside, this is one of the most compelling opportunities currently available in Trieste and the Panama City Beach market.