Trieste has demonstrated strong luxury resale value, with previous sales between 304.00 and 505.00 per square foot. This makes the property especially compelling for a buyer, investor, or luxury renovation specialist looking for a value-add opportunity in a gated Panama City Beach community where renovated homes have supported substantially higher values., , y. Luxury value-add opportunity in Trieste, one of Panama City Beach's most private and upscale gated communities, ideally located between Pier Park, the Gulf, and St. Andrews Bay. This Mediterranean-style residence offers approximately 3,265 heated and cooled square feet, 4,248 square feet under roof, multiple porches, beautiful privacy, and the kind of architectural character that is hard to duplicate today.
Built by Koehnemann Construction as a Parade of Homes entry in 2007, this home was designed with timeless details including 10-foot ceilings, a dramatic two-story great room, solid wood plantation shutters on most all windows fireplace, spacious living areas, and an open upstairs family room overlooking the great room below. The home has now been completely emptied and is ready for its next chapter, making it an ideal opportunity for a buyer, investor, or luxury renovation specialist looking to create a stunning custom residence in one of Panama City Beach's most desirable gated communities.
The kitchen is generously sized and features granite countertops, custom hand-rubbed stained cabinetry, stainless appliances, gas cooking, and a large walk-in pantry. The downstairs primary suite offers a trayed ceiling, privacy, and convenience, while the downstairs study could easily function as a fifth bedroom with its own good-sized walk-in closet.
This property is ready for a luxury refresh, with the biggest opportunities being cosmetic updates, interior and exterior paint, flooring or design selections, and personal finish choices. Comparable renovated homes in the neighborhood support much higher values, making this a rare chance to create equity instead of paying top dollar for someone else's renovation.
A standout feature is the home's hurricane protection. There are three areas with metal storm doors that lower over the front and rear doors, as well as the balcony doors, offering added peace of mind and potential insurance advantages. Additional features include natural gas, three-phase electric, stainless appliances, walk-in attic storage, multiple porches, Mediterranean architectural charm, and a floor plan that works beautifully for both everyday living and entertaining.
The back porch also includes a powder room, ideal for use as a future pool bath should a buyer choose to add a pool. For the buyer who wants privacy, prestige, location, and the opportunity to create a luxury home with substantial upside, this is one of the most compelling opportunities currently available in Trieste and the Panama City Beach market.