tomo logo

$415,000

Beds
1
Baths
2.0
sq ft
862

10901 Front Beach Rd Unit 1005, Panama City Beach, FL 32407

10901 Front Beach Rd Unit 1005

Panama City Beach, FL 32407

  • 15 days on market
Gulf-Front Condo with Breathtaking Views - Perfect for Rentals or Your Own Coastal Escape. Discover this 10th-floor Gulf-front gem that offers the ultimate beachside retreat with 1 bedroom, 2 full baths, and a convenient bunk room with its own bath and shower. Experience the stunning Emerald waters of the Gulf of Mexico and the world-famous white sandy beaches from your private balcony, where you can enjoy picturesque sunsets every evening.Interior Features include. Stainless steel appliances Stackable washer and dryer Tile and vinyl plank flooring for easy maintenance Upgrades 2022- new appliances, hot water heater, new furniture, new flooring in the master bedroom and new tv's.Currently used as a vacation rental with short-term rentals allowed. Unit comes fully furnished and turnkey rental ready.Grossed slightly over $40K this year and the seller said it was a slow year!Resort Amenities include. Three pools, including one seasonally heated Hot tubs for relaxation Fitness center On-site market, gift shop, and Starbucks H2O bar and grill for dining A private movie theater for entertainment Gated parking deck with 24-hour securityMajestic Beach Resort is in a prime location that is conveniently located near restaurants, shopping, Walmart, and local attractions. Pier Park, with its dining, shopping, and entertainment, is just a few miles away.The unit is situated close to elevators for added convenience for owners and guests. Also, plenty of room to park with a parking garage that even has 2 sky walks to access the towers.This unit is ideal as a vacation rental, a second home, or a primary residence. Don't miss your opportunity to own this slice of paradise on the Gulf!Buyer/buyers agent to confirm all items of importance.

Details

Property type

Condominium

Est. home value

$477,788

Lot size

Unknown

Price per sq ft

$482

Year built

2005

Annual property taxes

$4,824

Monthly HOA fee

$471.26

Price History

12/06/2024
CentralPanhandle

CentralPanhandle #765928

Listed
$415,000
+13.7%
08/31/2021
CentralPanhandle

CentralPanhandle #714568

Sold
$365,000

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Negotiation Insights

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

Seller could get up to

$114,398
Asking price
$415,000
Closing costs (~8% of asking)
-$33,200
Est. remaining loan balance
-$267,402
Cash to seller
$114,398

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Fbt Mortgage Llc

Loan start date

August 2021

Original loan amount

$288,000

Est. remaining balance

$267,402

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Stacy V Brown and Angela Brown

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: 12/22/2024 at 5:30 AM

Listing updated: 12/15/2024 at 10:51 AM

Listed by: Patrick D Pate, Beach Haven Realty Phone #: (770) 596-6599

MLS: CentralPanhandle #765928

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