Laketown Wharf, currently offering short- and long-term vacation rentals in the heart of Panama City Beach, FL, will undergo a $10 million renovation, adding new amenities including a grocery store and deli, leasing center, redecorated hotel lobby, conference/meeting rooms, business center, new pool and boardwalk furniture, family zone, owners’ lounge and arcade. Additional renovations include expanding the deck, adding new fountains and landscaping, opening the lake to the public and more. Plus, area residents and visitors should be on the lookout for Laketown Wharf turtles that will be coming to town soon. The project is expected to be completed by June 2013.

“The renovations at Laketown Wharf will make this a premier property in the area,” says Wade Hundley, CEO of ST Residential. “There’s no better investment than beach property and these upgrades are greatly increasing its value.”

The renovations at Laketown Wharf coincide with city improvements in the area, further increasing the investment opportunity in this incredible property. Laketown Wharf already boasts the area’s most comprehensive set of amenities with five pools, including one zero-entry pool overlooking the Gulf of Mexico, a 10^th floor rooftop pool and an island pool secluded in the middle of a private lake, along with a spectacular nightly fountain and water show.

With spacious one-, two- and three-bedroom floor plans, sweeping views and convenient beach access, Laketown Wharf offers all the elements of a great vacation home with the casual luxury and convenience of a resort. Additional resort amenities include 52,000 square-feet of lakefront boardwalk, a fully-equipped fitness center, covered parking and kids’ playground along with the sugar-white beaches of the Gulf of Mexico. All hotel rooms are fully furnished and professionally decorated featuring 32″ flat screen TVs and high-speed internet. Every balcony faces the water, offering spectacular views of the Gulf, lake and golf course. And, with a playground overlooking the lake and seasonal kids’ programming through Kidz Club, there’s something for everyone in the family to enjoy at Laketown Wharf. Kidz Club offers a variety of activities for children ages four through 12 including a nightly drop off program, “dive-in” movies, crafts, games, poolside activities and more.

Whether it’s for a quick getaway or a lengthy stay, Laketown Wharf makes an unforgettable beach vacation attainable with great pricing and specials throughout the year. Weekly stays begin at just $500 for a one-bedroom, two-bathroom condo that sleeps up to four people; $700 for a two-bedroom, two-bathroom condo that sleeps up to six people; and $900 for a three-bedroom, three-bathroom condo that sleeps up to eight people.

Nightly rates vary throughout the season and great deals and specials are often available. With a one-bedroom, two-bathroom condo that sleeps up to four people beginning at just $109 per night; a two-bedroom, two-bathroom condo that sleeps up to six people beginning at $129 per night; and a three-bedroom, three-bathroom condo that sleeps up to eight people beginning at just $149 per night, Laketown Wharf is ideal for a quick escape to the beach.

Apartments are also available for rent, with leases ranging from seven to 18 months. One-bedroom, two-bathroom apartments start at $935 per month; two-bedroom, two-bathroom apartments start at $1,195 per month; and three-bedroom, three-bathroom apartments start at $1,495 per month. Rent includes cable with HBO, trash and quarterly pest control services. Military discounts are available.

New retail space on the property will also be available for lease soon.