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$215,000

Beds
1
Baths
1.0
sq ft
651

116 Damon Cir Unit O, Panama City Beach, FL 32407

116 Damon Cir Unit O

Panama City Beach, FL 32407

  • 27 days on market
Great One BedroomI/ One Full Bath Condo unit with storage galore ... it is a MUST SEE!!! It has a beautiful kitchen with plenty of cabinet space not typically found in these units. It also has a built in microwave, cook top electric stove, recessed lighting over the bar and kitchen area. Luxury Vinyl Plank flooring through out, owner's storage closet, and don't forget to step out onto the balcony to relax a bit before heading off to the Private Beach House with Cafe, pool, and private beach access, or play Pickleball/Tennis/Shuffleboard, play the 18 hole mini golf course, or one of the 11 pools (5 heated)... whatever you chose to spend your day. Building has open parking and golf cart parking steps away from their unit. This awesome unit comes fully furnished, which makes it perfect to move into or an excellent Turn Key rental. Short term renters are allowed and owners may have pets (check with HOA for restrictions). New Windows and Sliding Door rated 200 mph were replaced in 4-2022, and building roof replaced 2019, Exterior building painted 2021. Located in the sought after Gulf Highlands Beach Resort sit in the hub of Panama City Beach. Gulf Highlands is surrounded by restaurants, shopping, grocery stores, entertainment, waterpark, public pier, public beach access, banks, post office, storage units, and more all in walking distance. A wonderful community to be apart of. If Age, SF, dimensions, etc. are approximate...If important, please verify.

Details

Property type

Condominium

Est. home value

$252,356

Lot size

Unknown

Price per sq ft

$331

Year built

1989

Annual property taxes

$2,415

Monthly HOA fee

$567.45

Price History

01/29/2025
CentralPanhandle

CentralPanhandle #767988

Listed
$215,000
+7.5%
06/25/2024
CentralPanhandle

CentralPanhandle #749133

Sold
$200,000
-5.66%
05/27/2024
CentralPanhandle

CentralPanhandle #749133

Pending
$212,000

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Gated, Clubhouse, Fitness Center, Fishing, Golf, Playground, Park, Restaurant, Sidewalks, 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

$124,110
Asking price
$215,000
Closing costs (~8% of asking)
-$17,200
Est. remaining loan balance
-$73,690
Cash to seller
$124,110

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

January 2008

Original loan amount

$113,000

Est. remaining balance

$73,690

Interest rate

6.2%

Loan type

Not Provided, 30 year

Seller

Karen M Tannen

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: 02/27/2025 at 4:30 PM

Listing updated: 02/24/2025 at 6:00 PM

Listed by: Leigh Ann Holsenback, Emerald Coast Realty Inc Phone #: (850) 233-2321

MLS: CentralPanhandle #767988

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