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$634,000

Beds
2
Baths
2.0
sq ft
1,593

16819 Front Beach Rd Unit 1608, Panama City Beach, FL 32413

16819 Front Beach Rd Unit 1608

Panama City Beach, FL 32413

  • Coming soon
COMPLETELY REMODELED, RENOVATED, WITH ALL NEW FURNISHINGS AND MASSIVE RENTAL INCOME. Tidewater Beach Resort #1608 in Panama City Beach, Florida, is a highly desirable property with its spacious two-bedroom, two-bathroom layout with 1593 square feet and stunning balcony with panoramic views. The unit has been recently remodeled with custom furnishings, making it an attractive option for both owners and renters alike. Despite the owner's frequent use of the property, it still generates substantial rental income. With the potential to exceed $70,000 in gross rental income when fully booked, it's clear that this condo offers a significant return on investment. Even with heavy owner usage, it has consistently brought in impressive rental income, showcasing its appeal to vacationers. With heavy owner usage, the condo generated $38,723 in rental income in 2024 (the owner used this property as a second home, so the rental income could easily exceed $70,000 if fully booked). Situated in the middle of Tidewater, the condo boasts breathtaking views of the Emerald Coast's emerald waters. The amenities offered by Tidewater Beach Resort are top-notch, ensuring that guests have everything they need for a memorable stay. From multiple pools and hot tubs to a fitness center, game room, and even a movie theater, there's no shortage of entertainment options. Plus, the proximity to Pier Park, with its fireworks displays, adds an extra layer of excitement to the location. Overall, Tidewater Beach Resort #1608 is a true delight for both owners and guests. Its combination of luxury, convenience, and income potential makes it a standout property in Panama City Beach.

Details

Property type

Condominium

Est. home value

$734,467

Lot size

Unknown

Price per sq ft

$398

Year built

2007

Monthly HOA fee

$1,045.43

Price History

02/15/2024
CentralPanhandle

CentralPanhandle #744905

Removed
$759,000
08/08/2023
CentralPanhandle

CentralPanhandle #744905

Listed
$759,000
+103.76%
01/16/2019
CentralPanhandle

CentralPanhandle #678054

Sold
$372,500
+18.25%

Schools & Community

Elementary school: 

Hutchinson Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool

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

$111,093
Asking price
$634,000
Closing costs (~8% of asking)
-$50,720
Est. remaining loan balance
-$472,187
Cash to seller
$111,093

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

Seller’s Loan History

Lender

Fbt Mortgage Llc

Loan start date

March 2022

Original loan amount

$500,000

Est. remaining balance

$472,187

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

William George Heim and Bonnie Heim

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: Coming Soon

Tomo last checked: 01/24/2025 at 6:35 PM

Listing updated: 01/24/2025 at 11:39 AM

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

MLS: EmeraldCoast #966983

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