tomo logo

$920,000

Beds
3
Baths
3.0
sq ft
1,701

11347 Front Beach Rd Unit 1206, Panama City Beach, FL 32407

11347 Front Beach Rd Unit 1206

Panama City Beach, FL 32407

  • 58 days on market
    • Price drop $4,999↓
Could you imagine yourself drinking a cup of coffee as you watch the sunset or sunrise from this balcony?If so then we have some great news for you...We are thrilled to introduce an extraordinary opportunity at the renowned Edgewater Beach Resort: a stunning 3-bedroom, 3-bathroom penthouse suite that redefines luxury living. Key Features:Penthouse Luxury: This two-story condo offers 1701 square feet of elegantly designed living space, complete with a private 20'30' rooftop deck and plus another balcony on the first level of the condo.High-End Upgrades: Enjoy tons of upgrades, plus high-end Wi-Fi that reaches the beach.Spectacular Views: Both stories feature expansive balconies with breathtaking Gulf views.Investment Potential:Over 100k in rental projections!

Details

Property type

Condominium

Est. home value

$797,512

Lot size

Unknown

Price per sq ft

$541

Year built

1990

Monthly HOA fee

$1,458.46

Price History

08/30/2024
EmeraldCoast

EmeraldCoast #955623

Price change
$920,000
-0.54%
07/23/2024
EmeraldCoast

EmeraldCoast #955623

Listed
$924,999
+191.34%
05/12/2017
CentralPanhandle

CentralPanhandle #654802

Sold
$317,500

Schools & Community

Elementary school: 

Hutchinson Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Gated, Pool, Tennis Court(s)

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

$473,633
Asking price
$920,000
Closing costs (~8% of asking)
-$73,600
Est. remaining loan balance
-$372,767
Cash to seller
$473,633

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

Seller’s Loan History

Lender

Bbva Usa

Loan start date

March 2020

Original loan amount

$409,600

Est. remaining balance

$372,767

Interest rate

3.51%

Loan type

New Conventional, 30 year

Seller

Edward Miholits

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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16819 Front Beach Rd Unit 1301, Panama City Beach, FL 32413

Status: Active

Tomo last checked: 09/19/2024 at 6:05 PM

Listing updated: 09/05/2024 at 2:05 PM

Listed by: Jonathan R Marrone, EXP Realty LLC Phone #: (888) 883-8509

MLS: EmeraldCoast #955623

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