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$499,999

Beds
3
Baths
3.0
sq ft
1,458

11800 Front Beach Rd Unit 2-408, Panama City Beach, FL 32407

11800 Front Beach Rd Unit 2-408

Panama City Beach, FL 32407

  • 115 days on market
    • Price drop $29,001↓
Escape to paradise in this stunning 4th-floor 3-bedroom, 3-bathroom getaway with breathtaking views of the Gulf from your private balcony, and just steps away from the white sands, this retreat offers the ultimate beach vacation experience. From the moment you arrive, you'll be greeted with keyless check-in, ensuring a seamless start to your vacation. Step into the spacious and updated condo, where the open-concept living area invites you to relax in style. Sink into the plush sofas, catch up on your favorite shows on the Smart TV, or gather around the dining table for a delicious meal prepared in the fully equipped kitchen, complete with modern appliances and granite countertops.With three comfortable bedrooms and additional sleeping accommodations, including a bunk bed and a sofa bed,there's ample space for the whole family or a group of friends. Each bedroom features premium mattresses, Smart TVs, and plenty of storage space, ensuring a restful night's sleep after a day of beachside adventures.Indulge in the resort's amenities, including two heated pools, a kiddie pool, and a hot tub, perfect for soaking up the Florida sunshine. Stay active in the fitness center, or unwind with a refreshing drink from the seasonal beachfront Tiki Bar. Whether you're lounging on the beach, exploring nearby restaurants and attractions, or simply enjoying the stunning Gulf views from your balcony, this retreat offers everything you need for a memorable getaway in Panama City Beach. Gross numbers for 2023 were $60,400. 2024 is looking better with a stronger April, May, and June already. To date, we have gross bookings until mid-August worth 56,400.

Details

Property type

Condominium

Est. home value

$582,596

Lot size

Unknown

Price per sq ft

$343

Year built

2007

Monthly HOA fee

$1,078

Price History

09/06/2024
CentralPanhandle

CentralPanhandle #758463

Price change
$499,999
-5.48%
07/08/2024
CentralPanhandle

CentralPanhandle #758463

Price change
$529,000
-2.02%
06/11/2024
CentralPanhandle

CentralPanhandle #758463

Listed
$539,900
+12.48%

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Clubhouse, Fitness Center

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

$54,314
Asking price
$499,999
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$405,685
Cash to seller
$54,314

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

Seller’s Loan History

Lender

Midwest Bank Centre

Loan start date

November 2021

Original loan amount

$432,000

Est. remaining balance

$405,685

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Jose C Garcia and Stefanie U Dierichs Garcia

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: 10/04/2024 at 11:05 PM

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

Listed by: Ricardo E Hidalgo, EXP Realty LLC Phone #: (888) 883-8509

MLS: CentralPanhandle #758463

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