tomo logo

$699,900

Beds
3
Baths
3.0
sq ft
1,322

10611 Front Beach Rd Unit 302, Panama City Beach, FL 32407

10611 Front Beach Rd Unit 302

Panama City Beach, FL 32407

  • 34 days on market
This beautiful condo unit has had over $50k worth of upgrades added within the past 2 years, and it grosses approximately $75k per year in vacation rental income! Updates within the past 2 years include HVAC, 2 sets of sliding glass doors (primary suite and living area), stainless-steel appliances, fresh paint throughout, new shiplap accent wall in the living and dining area, and all new furniture, decor, and smart TVs. Ocean Ritz features a heated pool, hot tub, sauna, fitness center, and grilling area for guests. Updates to the building in recent years include fresh exterior paint in an updated color scheme, updated P1 and P2 lobbies, 2 new high-speed elevators, new composite decking on the beach boardwalk, and more! The unit has 2 king bed suites, each with their own private bathrooms, and a full/twin bunk room as the 3rd bedroom with direct access to the 3rd bathroom that is also accessible in the entry hallway. The rear master bedroom and living area have access to the oversized balcony. Contact us today to make this beautiful unit your own personal piece of paradise! Listing Agent has an ownership interest in this property and is a licensed Real Estate Broker in the State of Florida.

Details

Property type

Condominium

Est. home value

$672,548

Lot size

Unknown

Price per sq ft

$530

Year built

2006

Annual property taxes

$7,472

Monthly HOA fee

$1,075

Price History

08/02/2024
CentralPanhandle

CentralPanhandle #761433

Listed
$699,900
-4.11%
05/02/2024
CentralPanhandle

CentralPanhandle #752271

Removed
$729,900
02/02/2024
CentralPanhandle

CentralPanhandle #752271

Listed
$729,900
+11.44%

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Fitness Center, Park, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Erica Wheeler

Loan start date

June 2022

Original loan amount

$150,000

Est. remaining balance

Not provided

Interest rate

5%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Lonnie Vo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/19/2024 at 11:45 PM

Listing updated: 08/28/2024 at 1:00 PM

Listed by: Erica L Wheeler, Onward Realty Services LLC Phone #: (850) 215-0133

MLS: CentralPanhandle #761433

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