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$737,000

Beds
2
Baths
2.0
sq ft
1,284

11757 Front Beach Rd Unit L506, Panama City Beach, FL 32407

11757 Front Beach Rd Unit L506

Panama City Beach, FL 32407

  • 202 days on market
    • Price drop $20,000↓
Exclusive Beachfront Retreat in Leeward Condo Panama City Beach Investment Location: Situated within the prestigious Edgewater Beach & Golf Resort, the only full-service resort in Panama City Beach. Panoramic Views: Breathtaking views of the Gulf of Mexico's turquoise waters from a beachfront balcony. Luxury Living: 2-bedroom condo unit designed for ultimate comfort and style. Beachfront Balcony: Perfect for indulging in mesmerizing sunsets, gentle ocean breezes, and the soothing sounds of the waves. World-Class Amenities: Executive Par-3 Golf Course Tennis Courts Pickleball Courts Shuffleboard Courts Multiple Pools Gulf-front hot tubs Onsite Dining Options For investors seeking a lucrative opportunity, this property holds tremendous potential for vacation rentals. Panama City Beach is a highly sought-after destination, attracting millions of visitors each year, and with its premier location within a renowned resort, you can capitalize on the thriving vacation rental market. Don't miss out on this rare opportunity to own a beachfront gem in the heart of Panama City Beach!

Details

Property type

Condominium

Est. home value

$637,849

Lot size

Unknown

Price per sq ft

$574

Year built

1982

Annual property taxes

$6,448

Monthly HOA fee

$1,324.33

Price History

07/31/2024
CentralPanhandle

CentralPanhandle #758133

Price change
$737,000
-2.64%
06/05/2024
CentralPanhandle

CentralPanhandle #758133

Listed
$757,000
+17.36%
07/13/2022
CentralPanhandle

CentralPanhandle #725498

Sold
$645,000

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

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

$256,430
Asking price
$737,000
Closing costs (~8% of asking)
-$58,960
Est. remaining loan balance
-$421,610
Cash to seller
$256,430

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

Seller’s Loan History

Lender

A&D Mortgage Llc

Loan start date

July 2022

Original loan amount

$437,500

Est. remaining balance

$421,610

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

11757 Front Beach Road L506 Llc

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: 12/25/2024 at 1:00 AM

Listing updated: 12/02/2024 at 11:20 AM

Listed by: Steven Koleno, Beycome of Florida LLC Phone #: (804) 656-5007

MLS: CentralPanhandle #758133

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