tomo logo

$635,000

Beds
2
Baths
2.0
sq ft
1,317

11347 Front Beach Rd Unit 511, Panama City Beach, FL 32407

11347 Front Beach Rd Unit 511

Panama City Beach, FL 32407

  • 130 days on market
    • Price drop $40,000↓
NEWLY PAINTED and NEW FIRE SPRINKLERS INSTALLED - This is the one! A low-floor unit with the main suite on the Gulf side at the popular Edgewater Beach Resort, Panama City Beach, Florida! You will fall in love with the floor-to-ceiling windows that maximize natural lighting and offer fantastic Gulf views from the main suite. The main suite also features a king-size bed, a double vanity, a large walk-in shower, and a walk-in closet. There's continuous LVP flooring throughout, a renovated kitchen with granite countertops and stainless-steel appliances, and a stackable washer and dryer inside the unit. This vacation rental can easily accommodate 6 guests and is offered turn-key and fully furnished. The guest bedroom includes a double-size bed plus bunk beds.Edgewater Beach Resort is centrally located in the heart of Panama City Beach, close to restaurants, shopping, and attractions. Edgewater Beach and Golf Resort is a full-service resort with tons of amenities, including 11 pools, 6 hot tubs, a nine-hole golf course, fitness center, tennis courts, pickleball courts, and restaurants. All information is deemed reliable but is not guaranteed; the buyer should verify if important.

Details

Property type

Condominium

Est. home value

$618,960

Lot size

Unknown

Price per sq ft

$483

Year built

1990

Annual property taxes

$5,599

Monthly HOA fee

$1,264

Price History

12/14/2024
CentralPanhandle

CentralPanhandle #761300

Price change
$635,000
-5.93%
08/14/2024
CentralPanhandle

CentralPanhandle #761300

Listed
$675,000
+125%
09/03/2014
CentralPanhandle

CentralPanhandle #608632

Sold
$300,000

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Gated, Fitness Center, Golf, Playground, Park, 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

$509,541
Asking price
$635,000
Closing costs (~8% of asking)
-$50,800
Est. remaining loan balance
-$74,659
Cash to seller
$509,541

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

Seller’s Loan History

Lender

Centennial Bank

Loan start date

September 2014

Original loan amount

$201,600

Est. remaining balance

$74,659

Interest rate

3.23%

Loan type

New Conventional, 15 year

Seller

Michael Steven Raney and Thomas William Raney

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 1:50 PM

Listing updated: 12/14/2024 at 3:49 PM

Listed by: Sean P Casilli, Coldwell Banker Realty Phone #: (850) 234-6696

MLS: CentralPanhandle #761300

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