tomo logo

$15,500,000

Beds
50
Baths
55.0
sq ft
28,000

17674 Front Beach Rd Unit 10 Units, Panama City Beach, FL 32413

17674 Front Beach Rd Unit 10 Units

Panama City Beach, FL 32413

  • 200 days on market
    • Price drop $1,000,000↓
THIS IS AN INVESTORS DREAM!! Welcome to 17674 Front Beach Rd, a stunning 10 unit complex nestled along the pristine Gulf Coast. Each unit boasts 5 bedrooms and 5.5 bathrooms, offering ample space and comfort for residents or vacationers alike. Enjoy breathtaking Gulf views from every residence, complemented by private pools and rooftop terraces ideal for savoring sunsets and hosting evening cocktail hours. These homes are designed as short-term rental machines, ensuring both luxury living and excellent investment potential. Conveniently located just across the street from public beach access 72 and 73, residents can easily indulge in sun-soaked days by the ocean.

Details

Property type

Townhouse

Est. home value

$1,455,715

Lot size

Unknown

Price per sq ft

$554

Year built

2024

HOA

No

Price History

10/09/2024
CentralPanhandle

CentralPanhandle #760983

Price change
$15,500,000
-6.06%
08/06/2024
CentralPanhandle

CentralPanhandle #760983

Listed
$16,500,000

Schools & Community

Elementary school: 

West Bay

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool

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

First Midwest Bank Of Dexter

Loan start date

October 2022

Original loan amount

$7,879,239

Est. remaining balance

Not provided

Interest rate

5.55%

Loan type

Building or Construction Loan, 1 year

Seller

Defoor Front Beach Llc

Lender

First Midwest Bank Of Dexter

Loan start date

March 2022

Original loan amount

$201,838

Est. remaining balance

Not provided

Interest rate

3.45%

Loan type

Future Advance Clause / Open End Mortgage, 1 year

Seller

Defoor Front Beach Llc

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: 02/23/2025 at 4:15 AM

Listing updated: 01/10/2025 at 12:20 PM

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

MLS: CentralPanhandle #760983

CentralPanhandle logo

Recently listed in Panama City Beach

Explore top cities in Florida