tomo logo

$545,000

Beds
2
Baths
2.0
sq ft
1,055

11619 Front Beach Rd Unit 408, Panama City Beach, FL 32407

11619 Front Beach Rd Unit 408

Panama City Beach, FL 32407

  • 92 days on market
    • Price drop $2,500↓
Don't miss the opportunity to own this stunning 2BR/2BA Gulf Front condo at Edgewater Beach Resort! The open floor plan features a spacious living area, dining space, and a modern kitchen with stainless steel appliances, granite countertops, and a breakfast bar. Step onto the private balcony to enjoy endless Gulf views. Beautifully decorated, this condo offers a relaxing ambiance both indoors and out, with spectacular views as the backdrop. Recent updates within the last 3-4 years include a new HVAC system, hot water heater, washer, dryer, and bedroom furniture, ensuring convenience and peace of mind. Edgewater Resort provides year-round enjoyment with heated pools and hot tub spas. Resort amenities include a beachfront lagoon pool, multiple sun decks, a poolside market, and an arcade. Membership to The Club at Edgewater grants access to exclusive amenities, including an Executive Par 3 golf course, tennis courts, a kids' splash pad, basketball courts, shuffleboard, and a full fitness center. Conveniently located within walking distance to a variety of restaurants, shops, and entertainment options, Edgewater Beach Resort is the prime spot for any investor looking for amenities paired with solid rental income! In 2023 with heavy owner usage, the condo still did over $33,000 in base rentals and if you add back in the personal usage income, this condo would have surpassed over $45,000 with ease. This condo is sold fully furnished, rental-ready, and ready for your private viewing today.

Details

Property type

Condominium

Est. home value

$535,209

Lot size

Unknown

Price per sq ft

$517

Year built

1985

Monthly HOA fee

$961.38

Price History

09/23/2024
CentralPanhandle

CentralPanhandle #760107

Price change
$545,000
-0.46%
07/18/2024
CentralPanhandle

CentralPanhandle #760107

Listed
$547,500
+36.88%
05/20/2021
CentralPanhandle

CentralPanhandle #710309

Sold
$400,000
+31.15%

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Fitness Center, 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

$258,889
Asking price
$545,000
Closing costs (~8% of asking)
-$43,600
Est. remaining loan balance
-$242,511
Cash to seller
$258,889

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

Seller’s Loan History

Lender

Renasant Bank

Loan start date

May 2021

Original loan amount

$300,000

Est. remaining balance

$242,511

Interest rate

2.45%

Loan type

New Conventional, 15 year

Seller

Brett M Smalley and Lauren W Smalley

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: 10/18/2024 at 4:25 PM

Listing updated: 09/26/2024 at 11:11 PM

Listed by: Caleb Midgett, Scenic Sotheby's International Realty Phone #: (850) 231-6052

MLS: CentralPanhandle #760107

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