tomo logo

$1,699,999

Beds
5
Baths
4.5
sq ft
4,823

324 S Bonita Ave, Panama City, FL 32401

324 S Bonita Ave

Panama City, FL 32401

  • 181 days on market
    • Price drop $175,001↓
Charm meets luxury - Waterfront Home in The Cove!Seller is offering a $30,000 flooring and paint credit! Nestled in the heart of The Cove, this unique waterfront property exudes charm and character, offering numerous upgrades and modern amenities. With stunning bayou views and thoughtful design elements throughout, this home is a must-see.Interior Features:Executive Office: Located right off the main foyer, perfect for remote work or a private study.Oversized Family Room: Featuring exposed beamed cathedral ceilings, a cozy wood-burning fireplace, and a stone accent wall, creating a warm and inviting atmosphere.Sunken Living Room: Enjoy panoramic bayou views, travertine tile, and cathedral ceilings with a flexible layout, perfect for entertaining or relaxing.Gourmet Kitchen: Fully renovated with high-end finishes, including a marble waterfall island, custom cabinetry, and bamboo flooring. Equipped with Viking and Bosch appliances, a breakfast bar, and a spacious breakfast room, all with stunning water views.Butler's Pantry: Offering ample storage and prep space with granite countertops, a wine refrigerator, and an ice maker. Adjacent to the kitchen is a versatile space ideal for a home office or sitting room.Ample Storage: The oversized laundry room is designed for efficiency, with space for hanging, folding, sorting, and storing.Primary Suite Retreat:The primary suite is your personal haven, featuring breathtaking bayou views, access to a private screened patio, a luxurious California closet, a jacuzzi tub, steam sauna shower, and heated floors. Relax and unwind with every comfort at your fingertips.Downstairs Features & Rental Potential:The downstairs living quarters offer significant rental income potential with a projected income of over $30k per year. This area has its own private entrance, accessible from the right side of the home, allowing it to be rented out while you enjoy the main floor. The space includes a large living room with newer LVP flooring, a full kitchen with a custom Apalachicola pecky cypress bar, and direct patio access. It also includes two additional bedrooms and a full bath, ideal for guests or vacation rental use.Exterior Features:Deep Water Access and an oversized dock, perfect for boating and water activities.A screened rear porch complete with a hot tub, outdoor grill, and a large storage room for boating equipment and lifejackets.Additional features include a new roof (installed in [insert year]), city water and septic, and a full house generator, ensuring comfort and convenience year-round.Don't miss the opportunity to own a home on one of the most desirable waterfront streets in town! Schedule your private showing today and experience waterfront living at its finest.

Details

Property type

Single Family Residence

Est. home value

$1,673,529

Lot size

0.81 acres

Price per sq ft

$353

Year built

1975

Annual property taxes

$17,205

HOA

No

Price History

09/04/2024
CentralPanhandle

CentralPanhandle #757693

Price change
$1,699,999
-9.33%
05/13/2024
CentralPanhandle

CentralPanhandle #757693

Listed
$1,875,000
+74.42%
01/03/2020
CentralPanhandle

CentralPanhandle #682186

Sold
$1,075,000

Schools & Community

Elementary school: 

Cherry Street

Middle school: 

Jinks

High school: 

Bay

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

United States Small Business Admin

Loan start date

December 2018

Original loan amount

$81,100

Est. remaining balance

Not provided

Interest rate

4.23%

Loan type

SBA Participation Trust Deed, 15 year

Seller

Leslie Wayne Burke and Verna Claire Burke

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?

Similar Homes Nearby

Price drop
CentralPanhandle
$1,800,000
5 bd
|
3 ba
|
3,380 sq ft
|
House

2527 W 9th St, Panama City, FL 32401

Status: Active

Tomo last checked: 11/22/2024 at 11:20 PM

Listing updated: 10/31/2024 at 11:40 AM

Listed by: Kailey J Collison, Realty One Group Emerald Coast Phone #: (850) 238-8338

MLS: CentralPanhandle #757693

CentralPanhandle logo

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