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$679,000

Beds
2
Baths
2.0
sq ft
1,366

11619 Front Beach Rd Unit 802, Panama City Beach, FL 32407

11619 Front Beach Rd Unit 802

Panama City Beach, FL 32407

  • 1 day on market
Seaside Sanctuary is a haven for beach lovers and serves as an opportunity to earn MASSIVE RENTAL INCOME. This condo has ACTUAL ANNUAL INCOME IN EXCESS OF $85,000 PER YEAR AND HAS EVEN GROSSED AS MUCH AS $99,000 RECENTLY.The fully automated, custom built website conveys with the property and does everything from booking to billing. You will get the owner's 5 star reviews and a ready made business, so your dream home can start paying for itself as soon as it closes escrow! This remodeled condo is located in the world-renowned Edgewater Beach Resort and is housed in the highly coveted 2 stack of tower 2 which provides completely, unobstructed west facing views. Its panoramic windows, optimal angle, and ideal floor level provide unparalleled vistas for as far as the eyes can see. The owner has meticulously maintained this condo and professionally decorated it with premium furnishings for the most discerning buyers and guests. It's being offered fully furnished and appointed for your convenience. This two bedroom / two bathroom, 1366 square foot floor plan, currently sleeps 7 but is licensed for up to 10 guests. The open concept living area can comfortably accommodate even more if entertaining is your passion. A soft and serene neutral palate of color surrounds guests with tranquility and peace. Lovingly maintained by the current owner, significant investment has been made to provide a new owner with a turnkey opportunity to make instant income from Day 1.As the only full service property in Panama City Beach, Edgewater Beach Resort sells itself. Own here and enjoy tropical pools, hot tubs, sun decks and a gulf-front bar and grill. Room service is available and there is a gulf-side bar, pizza shop, full service restaurant, and a market. For the athlete in the family, the Sports Club offers unlimited golf, pro-shop, gym, tennis, basketball, shuffleboard, and even pickleball. Enjoy a day at the beach, the kids Splash Pad, or even a ''dive-in'' movie. There is ample parking for water craft, RV's, trailers, and EV charging stations onsite too. Make an appointment today and prepare to be enamored by panoramic views, quality finishes, and luxurious living.

Details

Property type

Condominium

Est. home value

$609,039

Lot size

Unknown

Price per sq ft

$498

Year built

1985

Monthly HOA fee

$1,792.01

Price History

02/08/2025
CentralPanhandle

CentralPanhandle #768516

Listed
$679,000
+83.51%
08/23/2019
CentralPanhandle

CentralPanhandle #684781

Sold
$370,000

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Fitness Center, Golf, Gated, 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

$419,766
Asking price
$679,000
Closing costs (~8% of asking)
-$54,320
Est. remaining loan balance
-$204,914
Cash to seller
$419,766

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

July 2019

Original loan amount

$230,000

Est. remaining balance

$204,914

Interest rate

3.82%

Loan type

New Conventional, 30 year

Seller

Deborah D Cooley Segal

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?

Status: Active

Tomo last checked: 02/12/2025 at 4:00 PM

Listing updated: 02/11/2025 at 5:10 PM

Listed by: Mike S Herring, Keller Williams Realty Emerald Phone #: (850) 654-2900

MLS: CentralPanhandle #768516

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