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

  • 117 days on market
    • Price drop $175,001↓
    • Open house Sep 21
Unique WATERFRONT home in the heart of The Cove! This property boasts charm, character, and numerous upgrades. Interior features include an executive office right off the main foyer, a oversized family room with exposed beamed cathedral ceilings, a wood-burning fireplace, and a stone accent wall. The sunken living room offers panoramic bayou views, travertine tile, and cathedral ceilings, with versatile layout options. The fully renovated gourmet kitchen is a cook's dream, featuring a marble waterfall island, custom cabinets, bamboo flooring, Viking and Bosch appliances, a breakfast bar, and a spacious breakfast room with water views. Adjacent to the kitchen is an ideal spot for a home office or sitting room. Additionally, there is a large butler's pantry with a wine refrigerator, granite countertops, and an ice maker. The home offers ample storage, including an oversized laundry room with plenty of space for hanging, folding, sorting, and storing. The master suite is a true retreat, complete with stunning bayou views, a screened patio, a huge California closet, a jacuzzi tub, a steam sauna shower, and heated floors. The main floor bedrooms are spacious, featuring original hardwood floors and ample closet space. Downstairs features a large living room with newer LVP flooring, a full kitchen with an Apalachicola pecky cypress bar, and patio access, making it an ideal space for cooking and cleaning your fresh catch. There are two additional bedrooms and a bath downstairs. This home also has great rental income opportunity as the owners have used the downstairs as a vacation rental! Exterior features include deep water access & an oversized dock. Your screened rear porch with a hot tub, an outdoor grill, and large storage room for lifejackets and boating equipment. Additional amenities include a roof that was done in , city water and septic, a full house generator, and much more. Don't miss this incredible opportunity to live on one of the most desirable waterfront streets in town! Call today to schedule your private showing.

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
$1,499,000
4 bd
|
4.5 ba
|
2,898 sq ft
|
House

1102 Cove Pointe Dr, Panama City, FL 32401

Status: Active

Tomo last checked: 09/20/2024 at 11:15 AM

Listing updated: 09/14/2024 at 2:39 PM

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

MLS: CentralPanhandle #757693

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