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$875,000

Beds
3
Baths
3.0
sq ft
1,870

331 La Valencia Cir, Panama City Beach, FL 32413

331 La Valencia Cir

Panama City Beach, FL 32413

  • 31 days on market
    • Price drop $25,000↓
*SELLER IS WILLING TO GIVE A $25,000 CREDIT TO BUYER AT CLOSING FOR HOME UPDATES* This beautifully designed Mediterranean-inspired 3-bedroom, 3-bathroom beach townhome in the highly sought-after gated La Valencia community is being sold fully furnished and is move-in ready. Whether you're looking for a full-time residence or a turnkey rental investment, this property offers a perfect combination of comfort, style, and convenience. Located within walking distance of the beach, the spacious floor plan features Corian countertops, stainless steel appliances (less than three years old), high ceilings, crown molding, and recessed lighting. The master suite includes a private balcony, double vanity, jacuzzi tub, and walk-in shower, while two additional bedrooms upstairs share a Jack-and-Jill bathroom. A cabana bath on the main floor is ideal for rinsing off after enjoying the beach or pool.The home features spray foam attic insulation, a Nest thermostat, and a turf backyard, offering energy efficiency and low maintenance. It recently received a fresh coat of interior paint. The exterior was painted three years ago and is now undergoing updates to repair the EIFS (similar to stucco). The backyard fence has been replaced as well as the well pump for the sprinkler system. A new hot water heater was just installed, ensuring the home is ready for worry-free living. La Valencia's gated community offers exceptional amenities, including two resort-style pools (one beachfront with private access and one near the clubhouse), a hot tub, fitness center, pickleball and tennis courts, and beautifully maintained common areas. With an HOA fee of $2885 annually, landscaping and community upkeep are included. Conveniently located just 15 minutes from Pier Park, this home provides easy access to shopping, dining, and entertainment.This is a golf cart friendly community that DOES allow short term rentals!This is a rare opportunity to own in one of Florida's premier coastal communities. Motivated seller--bring all offers and schedule your showing today! (Sellers are not accepting owner financing or ''subject to'' offers)

Details

Property type

Est. home value

$788,611

Lot size

Unknown

Price per sq ft

$468

Year built

2005

Annual property taxes

$6,016

Monthly HOA fee

$240.42

Price History

02/16/2025
CentralPanhandle

CentralPanhandle #767583

Price change
$875,000
-2.78%
01/22/2025
CentralPanhandle

CentralPanhandle #767583

Listed
$900,000
+146.58%
12/18/2015
CentralPanhandle

CentralPanhandle #631113

Sold
$365,000

Schools & Community

Elementary school: 

West Bay

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Gated, Clubhouse, Tennis Court(s)

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

$687,605
Asking price
$875,000
Closing costs (~8% of asking)
-$70,000
Est. remaining loan balance
-$117,395
Cash to seller
$687,605

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

October 2016

Original loan amount

$237,000

Est. remaining balance

$117,395

Interest rate

2.74%

Loan type

New Conventional, 15 year

Seller

Tom Rue and Marcia Rue

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?

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Status: Active

Tomo last checked: 02/23/2025 at 1:45 AM

Listing updated: 02/16/2025 at 6:59 PM

Listed by: Kara McKenzie, Salty Marlin Realty LLC Phone #: (850) 615-2406

MLS: CentralPanhandle #767583

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