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$629,000

Beds
3
Baths
3.0
sq ft
1,404

4715 Thomas Dr Unit 605D, Panama City, FL 32408

4715 Thomas Dr Unit 605D

Panama City Beach, FL 32408

  • 71 days on market
Investor alert! This 3-bedroom, 3-bathroom Gulf-front condo at The Commodore is a rare opportunity to own a prime income-producing property on the far east end of Panama City Beach. Featuring a separate lock-out unit, this condo offers unparalleled flexibility--rent the entire unit or split it into two rentals to maximize occupancy and income potential.Designed with rental appeal in mind, this condo offers two Gulf-facing primary bedrooms with balcony access and en-suite bathrooms, ensuring every guest enjoys breathtaking water views. The spacious third bedroom is perfect for families, featuring two sets of bunk beds to accommodate multiple guests comfortably. The large living area flows seamlessly into the open kitchen, which boasts granite countertops, a coastal white design with white appliances, and a convenient bar area for entertaining.Guests will also appreciate the private balcony for sunset views and the outside storage lock-out closet for all their beach gear. With low condo assessments, The Commodore offers outstanding amenities, including a seasonally heated pool, hot tub, and direct beach access, making it a top choice for vacationers.Located on the desirable far east end of the beach near St. Andrews State Park and local attractions, this property has strong rental income potential and is a fantastic addition to any investment portfolio. Don't miss this opportunity--schedule your private tour today!

Details

Property type

Condominium

Est. home value

$633,087

Lot size

Unknown

Price per sq ft

$449

Year built

1985

Annual property taxes

$5,003

Monthly HOA fee

$944.67

Price History

12/17/2024
CentralPanhandle

CentralPanhandle #766190

Listed
$629,000
12/14/2024
CentralPanhandle

CentralPanhandle #766190

Removed
$629,000
12/13/2024
CentralPanhandle

CentralPanhandle #766190

Listed
$629,000
+1.45%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Gated, Park

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

$154,943
Asking price
$629,000
Closing costs (~8% of asking)
-$50,320
Est. remaining loan balance
-$423,737
Cash to seller
$154,943

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

Seller’s Loan History

Lender

A&D Mortgage Llc

Loan start date

January 2023

Original loan amount

$434,000

Est. remaining balance

$423,737

Interest rate

6.61%

Loan type

New Conventional, 30 year

Seller

Joy Bailey

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 8:00 AM

Listing updated: 12/17/2024 at 9:29 AM

Listed by: Renae Voda, EXP Realty LLC Phone #: (888) 883-8509

MLS: CentralPanhandle #766190

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