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$1,690,000

Beds
4
Baths
4.0
sq ft
2,752

115 Cottage Ct, Panama City Beach, FL 32413

115 Cottage Ct

Panama City Beach, FL 32413

  • 5 days on market
Welcome to 115 Cottage Court, YOUR COASTAL DREEAM HOME WITH GUARENTEED INCOME!Are you looking for a beach escape that works for you, even when you're not there? Look no further than this beautifully designed three-story coastal gem that's as charming as it is functional. Situated in a sought-after beachfront community, this property isn't just a home; it's an investment opportunity with an established income stream. Captivating Design and Features-This home boasts a stunning muted green facade, complemented by crisp white trim that surrounds its many windows and doors. The modern metal roof and vertical siding add a contemporary touch, while the inviting balconies on the second and third floors, complete with decorative brackets, offer a warm and welcoming outdoor space perfect for enjoying the coastal breeze. Inside, you'll find four spacious bedrooms and four bathrooms, each crafted with attention to detail and professionally decorated. Each room is designed to include ample light and space, making it the perfect retreat after a day at the beach or exploring the area.A Community Packed with Amenities -Living in this community means more than just enjoying a beautiful home. The neighborhood offers private beach access for those sunrise walks and sunset picnics. Community swimming pools, tennis courts, and a fully-equipped gym ensure you have plenty to do, while the on-site restaurants mean you don't have to travel far for a great meal. Investment Opportunity - One of the key selling points of this property is the guaranteed income. With a lease agreement already in place under a reputable property management company, you can expect a steady net income of $6,800 per month. This makes the home an ideal choice for those looking for a vacation rental investment with immediate returns, a second home, or even a retirement spot that pays off years down the line. The Perfect Fit - Whether you're an investor searching for a property that promises consistent returns, someone looking for a second home to make unforgettable memories, or planning for the perfect place to spend your retirement, this home meets all those needs. The professionally designed interiors and well-maintained exteriors ensure it stands out in a vibrant neighborhood. With so much to offer, it's no wonder this property is not just a place to live but a destination to experience life at its fullest. Reach out today to explore this exciting opportunity and make it yours.

Details

Property type

Single Family Residence

Est. home value

$1,464,545

Lot size

2,614 sq ft

Price per sq ft

$615

Year built

2009

Monthly HOA fee

$353.33

Price History

02/17/2025
CentralPanhandle

CentralPanhandle #768959

Listed
$1,690,000
+72.63%
04/14/2021
EmeraldCoast

EmeraldCoast #850777

Sold
$979,000

Schools & Community

Elementary school: 

West Bay

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Gated

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

$982,255
Asking price
$1,690,000
Closing costs (~8% of asking)
-$135,200
Est. remaining loan balance
-$572,545
Cash to seller
$982,255

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

April 2021

Original loan amount

$625,000

Est. remaining balance

$572,545

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Richard Thomas Hester and Kathryn Ann Hester

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: 02/23/2025 at 2:30 AM

Listing updated: 02/18/2025 at 10:49 AM

Listed by: Team Don and Bubba, Counts Real Estate Group Inc Phone #: (850) 249-3615

MLS: CentralPanhandle #768959

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