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$625,000

Beds
2
Baths
2.0
sq ft
1,249

14825 Front Beach Rd Unit 2104, Panama City Beach, FL 32413

14825 Front Beach Rd Unit 2104

Panama City Beach, FL 32413

  • 29 days on market
Discover the ultimate Gulf-front getaway and investment opportunity at Sunrise Beach Resort, located in the heart of Panama City Beach. This stunning 21st-floor condo features two bedrooms, two bathrooms, and a versatile bunk room, offering the perfect combination of comfort, style, and income potential. Fully furnished and boasting brand-new carpeting, this property is turnkey ready and has a proven rental history, generating approximately $40,000 in gross annual income. Whether you're looking for a second home or a profitable vacation rental, this condo is an unbeatable choice.The condo offers breathtaking panoramic views of the white sandy beaches and the emerald waters of the Gulf of Mexico. Sunrise Beach Resort is renowned for its premier amenities, including two expansive Gulf-front pools (one seasonally heated), a kid-friendly mushroom waterfall, and two inviting hot tubs. Guests and residents can enjoy grilling stations, picnic areas, and a covered parking garage, eliminating the hassle of crossing busy streets. A well-equipped 2,000-square-foot gym provides ample space for maintaining an active lifestyle, while The Soggy Dollar Cafe on-site adds a delightful touch with its vibrant atmosphere and refreshing beverages.Centrally located, the resort is just minutes from Pier Park, offering premier shopping, world-class dining, live entertainment, and exciting water activities. Beyond its luxurious features and prime location, this condo delivers exceptional value as an income-generating property. Don't miss your chance to own a slice of paradise--schedule your private showing today and experience the perfect blend of coastal living and financial opportunity!

Details

Property type

Condominium

Est. home value

$648,126

Lot size

Unknown

Price per sq ft

$501

Year built

2005

Annual property taxes

$5,707

Monthly HOA fee

$1,114.12

Price History

11/22/2024
CentralPanhandle

CentralPanhandle #765390

Listed
$625,000
+83.82%
03/26/2018
CentralPanhandle

CentralPanhandle #666884

Sold
$340,000
+24.09%
09/23/2013
CentralPanhandle

CentralPanhandle #609815

Sold
$274,000

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Clubhouse, Fitness Center, Park

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

$407,132
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$167,868
Cash to seller
$407,132

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

Seller’s Loan History

Lender

Smartbank

Loan start date

March 2018

Original loan amount

$272,000

Est. remaining balance

$167,868

Interest rate

3.68%

Loan type

New Conventional, 15 year

Seller

Gregory A Riggins and Katherine J Riggins

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: 12/22/2024 at 9:30 AM

Listing updated: 11/22/2024 at 2:40 PM

Listed by: Rachel N Warrell, eXp Realty, LLC Phone #: (850) 896-5899

MLS: CentralPanhandle #765390

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