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$349,000

Beds
2
Baths
2.5
sq ft
1,008

185 White Sandy Dr, Panama City Beach, FL 32407

185 White Sandy Dr

Panama City Beach, FL 32407

  • 1 day on market
PRIVATE RESORT LOCATED ON THE GULF OF AMERICA! Welcome to the coveted Gulf Highlands Beach Resort! This amazing resort features a large BEACHFRONT tropical pool, resort clubhouse with bar and grill -- relax and enjoy paradise overlooking the white sandy beaches, emerald-blue waters and warm breezes of the GULF of AMERICA! ************INVESTOR ALERT: Welcome to your next investment opportunity! This beautifully appointed townhome, currently thriving as a short-term rental, offers charm and profitability. With a strong track record of generating impressive rental income, this property boasts a proven history of high occupancy rates and excellent reviews. Financial statements and performance metrics are available upon request. This property is a prime choice for investors looking to capitalize on the booming short-term rental market. This unit generated revenue just at $40k for 2024 with the owner able to use the property for themselves quite frequently! This year, 2025, the property already has $38,751.00 on the books into September with plenty of bookable open dates remaining! The owner boasts ''Premiere Host Status'' with a 100% Acceptance Rate and 0% Cancellation Rate! The owner has catered to a specific family-oriented demographic which has put this particular unit out in front of the competition and has alleviated the headaches that come with renting to the influx of spring breakers/party crowd. The owner will offer co-hosting services to Investor buyers if needed for a small fee -- this would keep all existing short-term rental listings active along with reviews, financials, and history. ************ HOME FEATURES: This beautiful 2-Bedroom, 2.5-Bathroom townhouse has been fully renovated and features an incredible open floor plan design with an inviting large living room, durable tile flooring on the lower level, modern lighting throughout, impressive kitchen and bathroom upgrades. The amazing master bedroom comes with a private ensuite master bathroom, a private entertainment balcony, and plenty of closet space. Each room is thoughtfully designed to provide a home-away-from-home experience with brand new contemporary furnishings and stylish decor, creating a welcoming and comfortable environment for guests. The large backyard patio is perfect for hosting family and friends. The custom designed private fenced-in patio is perfect for the family dog with direct access to (2) of the (11) resort pools! Two assigned parking spots directly at the front door! ************ TURN-KEY READY: The property comes fully furnished with all the essentials for short-term rentals, including high-quality linens, kitchenware, modern appliances, a beach cart, an outdoor shower, an assortment of beach toys, 3 bicycles, a tankless water heater, and a lovely palm tree in the front yard, ensuring a seamless transition for new owners. Recent updates and well-maintained systems reduce the need for repairs or upgrades, allowing for a hassle-free ownership experience. This turn-key ready home is perfect for your primary residence, 2nd home, or investment property! ************ VERY LOW HOA FEES: Gulf Highlands Beach Resort HOA fees are just $365/month! This includes Internet/Wi-Fi, 24/7 security, private gated access, pest control, and trash. Amenities located throughout the resort include 11 community pools, tennis and pickleball courts, a fitness center, free mini-golf, and playgrounds! Owners and guests have exclusive access to the private beach resort restaurant/bar and beachside pool!************ COMMUNITY: Gulf Highlands Beach Resort is within walking distance of many restaurants, shops and entertainment. Included in this list: Rock'it Lanes (Bowling/Arcade - just behind the complex), Applebee's, Subway, Relaxzation Spa and Oxygen Bar, Just Jump Trampoline Park, Ripley's, Wonder Works, American Charlies Grill, Bayou on the Beach Restaurant, Firefly Casual Dining, Taco Bell, The Wicked Wheel Southern Bar/Grill, Pineapple Willy's & more!

Details

Property type

Townhouse

Est. home value

$336,622

Lot size

2,178 sq ft

Price per sq ft

$347

Year built

1988

Annual property taxes

$3,137

Monthly HOA fee

$365

Price History

03/22/2025
CentralPanhandle

CentralPanhandle #770778

Listed
$349,000
+4.33%
02/19/2025
CentralPanhandle

CentralPanhandle #765433

Removed
$334,500
02/06/2025
CentralPanhandle

CentralPanhandle #765433

Price change
$334,500
-1.47%

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Gated, Clubhouse, Fitness Center, Golf, Playground, Park, Restaurant, Tennis Court(s), Sidewalks

Number of units in community: 

5

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

$75,377
Asking price
$349,000
Closing costs (~8% of asking)
-$27,920
Est. remaining loan balance
-$245,703
Cash to seller
$75,377

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

Seller’s Loan History

Lender

Citadel Servicing Corporation

Loan start date

February 2023

Original loan amount

$252,000

Est. remaining balance

$245,703

Interest rate

6.31%

Loan type

New Conventional, 30 year

Seller

Matthew Mccollum

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: 03/23/2025 at 5:10 PM

Listing updated: 03/23/2025 at 2:00 PM

Listed by: John P Doyle, EXP Realty LLC Phone #: (888) 883-8509

MLS: CentralPanhandle #770778

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