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$875,000

Beds
3
Baths
3.5
sq ft
2,202

1247 Prospect Promenade, Panama City Beach, FL 32413

1247 Prospect Promenade

Panama City Beach, FL 32413

  • 2 days on market
Nestled in the heart of Wild Heron, a guard-gated community, this enchanting Prospect Promenade coastal craftsman bungalow offers the perfect blend of charm, elegance, and modern comfort. Perfectly situated between the vibrant Panama City Beach and the picturesque Rosemary Beach, this 2005-built bungalow, offered fully furnished, is a haven for those seeking a tranquil retreat or an exceptional second home. Renowned for its picturesque setting, the Promenade is lined with picket fences, manicured lawns, and welcoming covered front porches, embodying the spirit of coastal living. This home, originally built by Tom Ledman, has been meticulously redesigned with professional upgrades throughout, creating a sophisticated yet inviting ambiance.The interior features full fresh paint and an extensively renovated kitchen that beautifully complements the existing cherry wood cabinets. A new farmhouse sink, luxury Carrara marble counter-height surfaces, Thermador professional series appliances, a high-end oven vent, and a custom French antique bar with a marble top elevate the space into a culinary masterpiece. The bathrooms have been tastefully updated with luxury Carrara marble countertops, painted cabinetry, new fans, chandelier lighting in the primary bath, and refreshed lighting and ceiling fans in every bedroom, adding to the home's modern appeal.Built in 2005, this 2,331-square-foot residence offers a well-thought-out open concept floor plan. The primary suite, located on the first floor, includes a spacious bath, providing convenience and privacy, alongside an additional half bath for guests. Upstairs, two guest bedrooms, each with en-suite bathrooms and large walk-in closets, provide a serene escape. The front-facing upstairs bedroom features a charming deck overlooking the landscaped side yard, while the landing between the two rooms offers a cozy reading nook flooded with natural light. Throughout the home, quality craftsmanship is evident in the detailed crown molding, hardwood floors, wooden doors, and the warm embrace of a gas fireplace with a Carrara marble top mantle in the living area.Enhanced with thoughtfully updated outdoor spaces designed for entertaining, including a charming fountain, this coastal cottage offers a perfect blend of relaxation and enjoyment. A newly installed ceiling fan enhances for back covered porch enjoyment during the summer, while the newly landscaped backyard features a fountain and seating area, ideal for quiet moments or entertaining. A new driveway, front walkway, exterior lighting, and an outdoor shower add both function and style.Wild Heron is a 734-acre coastal sanctuary situated on the shores of Lake Powell in Inlet Beach, Florida. Residents enjoy an array of exceptional amenities, including a lakeview swimming pool, a health and fitness center, a lakeside boardwalk, and a beloved oak-filled family park. The lakefront boathouse, a central gathering place, is fully stocked with kayaks and canoes, allowing homeowners to explore Lake Powell, one of Florida's largest and rare coastal dune lakes. The boathouse also serves as the perfect spot for family gatherings, featuring gas grills, tree swings, a bonfire pit, and more. Sunsets from the docks at Wild Heron are truly unforgettable.For outdoor enthusiasts, Wild Heron offers endless opportunities to walk, bike, and explore. Its walking paths connect to Gayle's Trails, part of the Panama City Beach Conservation Park. Spanning 2,912 acres, the park features 24 miles of trails, a mile of boardwalk, a playground, and a gazebo at Prospect Point. Fishing, boating, sailing, and swimming are constant activities on Lake Powell, a pristine waterway with the coveted ''Pristine Florida Waterway'' designation.

Details

Property type

Single Family Residence

Est. home value

$695,523

Lot size

6,098 sq ft

Price per sq ft

$398

Year built

2005

Monthly HOA fee

$250

Price History

01/03/2025
CentralPanhandle

CentralPanhandle #766781

Listed
$875,000
+29.63%
02/28/2023
CentralPanhandle

CentralPanhandle #733976

Sold
$675,000
+68.75%
08/06/2020
CentralPanhandle

CentralPanhandle #696472

Sold
$400,000
+8.14%

Schools & Community

Elementary school: 

West Bay

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Fishing, Playground, Sidewalks

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

$276,736
Asking price
$875,000
Closing costs (~8% of asking)
-$70,000
Est. remaining loan balance
-$528,264
Cash to seller
$276,736

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

Seller’s Loan History

Lender

Union Home Mortgage Corp

Loan start date

February 2023

Original loan amount

$540,000

Est. remaining balance

$528,264

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Helen M Foraker and Barron Anson Peterson

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: 01/06/2025 at 8:50 AM

Listing updated: 01/04/2025 at 7:29 PM

Listed by: Abbott Martin Group, EXP Realty LLC Phone #: (850) 460-2900

MLS: CentralPanhandle #766781

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