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$324,900

Beds
1
Baths
1.5
sq ft
770

17462 Front Beach Rd Unit 59102, Panama City Beach, FL 32413

17462 Front Beach Rd Unit 59102

Panama City Beach, FL 32413

  • <1 day on market
Welcome to a STELLAR investment property that generated $25,000+ in actual rental income last year! This charming 770-square-foot ground floor condo offers a unique blend of modern beach design and convenient amenities, making it an ideal investment or personal retreat, located across from the beach. You will not find a better investment at this price with PROVEN RENTAL HISTORY!This one-bedroom, one-bathroom unit at Horizon South has been completely renovated to feature a chic, modern beach aesthetic and is in the building closest to the gated entry by the beach. You will be from your front door to the sand in just 325 steps! The bedroom includes a King size bed and is just off the main entrance. The hallway offered spacious bunk beds for additional guests or children. The Jack and Jill bathroom design provides a vanity accessible from both the hallway for guests and the bedroom, ensuring convenience and privacy.The spacious living and kitchen area is designed for comfort and functionality, featuring a large kitchen island and new quartz countertops. The open layout creates an inviting space for entertaining or relaxing after a day at the beach. Step outside to the adorable covered porch, where you can enjoy serene lake views, offering a peaceful retreat.Recent improvements on this property include new patio furniture, new water heater, new Quartz countertops, new WiFi enabled keyless door handle with new Arlo doorbell camera and new bedroom TV. Other improvements include modern shiplap clad accents throughout, light fixtures, plumbing fixtures, living room fan, Ecobee thermostat, Google Nest WiFi camera, blinds, bedding, furnishings and decor. With last years rental revenue at $25,000+ and room to grow, you'll be set with this condo already having $9,000+ on the books for 2025. Located directly across from the beach, this property allows you to enjoy the sand and surf just steps from your door. The vibrant location is walkable to a variety of restaurants and shopping, providing endless entertainment options.As part of the Horizon South community, residents have access to incredible amenities, including multiple pools, hot tubs, a newly renovated fitness center, tennis/pickleball, shuffleboard and miniature golf. The gated community ensures security and peace of mind. This property also boasts a remarkable rental history, making it a lucrative investment opportunity.Experience the best of Panama City Beach living across from the beach!

Details

Property type

Condominium

Est. home value

$306,605

Lot size

Unknown

Price per sq ft

$422

Year built

1999

Annual property taxes

$1,577

Monthly HOA fee

$625

Price History

03/13/2025
CentralPanhandle

CentralPanhandle #770319

Listed
$324,900
+6.52%
10/31/2022
CentralPanhandle

CentralPanhandle #734132

Sold
$305,000
+98.05%
06/25/2018
CentralPanhandle

CentralPanhandle #670330

Sold
$154,000

Schools & Community

Elementary school: 

West Bay

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Fitness Center, Golf, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Capital City Home Loans Llc

Loan start date

October 2022

Original loan amount

$244,000

Est. remaining balance

Not provided

Interest rate

5.75%

Loan type

New Conventional, 30 year

Seller

Angela Anderson Wilbanks

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: Active

Tomo last checked: 03/14/2025 at 3:25 AM

Listing updated: 03/13/2025 at 5:50 PM

Listed by: Sostheim Group, Corcoran Reverie Phone #: (850) 231-5030

MLS: CentralPanhandle #770319

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