tomo logo

$235,000

Beds
2
Baths
2.0
sq ft
935

505 Lighthouse Rd, Panama City Beach, FL 32407

505 Lighthouse Rd

Panama City Beach, FL 32407

  • 216 days on market
    • Price drop $9,000↓
SHORT-TERM RENTALS ALLOWED. Great source of short term rental income. Don't miss this newly remodeled 2 Bedroom, 2 Bath condo in the heart of Panama City Beach. Nautilus Cove is a gated community offering a resort-style pool, fitness center, clubhouse with kitchen, children's playground, and pet-friendly walking stations. Hurricane-proof windows and a new exterior door. Perfectly located close to the Gulf waters and sugary sand beaches and less than 2 miles from Pier Park, featuring excellent dining, entertainment, and shopping.

Details

Property type

Condominium

Est. home value

$249,785

Lot size

Unknown

Price per sq ft

$252

Year built

2006

Annual property taxes

$2,007

Monthly HOA fee

$365.33

Price History

07/07/2024
CentralPanhandle

CentralPanhandle #757379

Price change
$235,000
-3.69%
05/22/2024
CentralPanhandle

CentralPanhandle #757379

Price change
$244,000
-4.31%
05/20/2024
CentralPanhandle

CentralPanhandle #757379

Listed
$255,000

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Gated, Fitness Center, Playground, Park

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

Gulf Coast Bank & Trust Co

Loan start date

January 2018

Original loan amount

$177,000

Est. remaining balance

Not provided

Interest rate

3.93%

Loan type

Not Provided

Seller

Thomas E Velassco and Renee Velassco

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

CentralPanhandle
$220,000
2 bd
|
2 ba
|
965 sq ft
|
Condo

1111 Lighthouse Rd, Panama City Beach, FL 32407

CentralPanhandle
$239,000
2 bd
|
2 ba
|
935 sq ft
|
Condo

503 Lighthouse Rd, Panama City Beach, FL 32407

Price drop
CentralPanhandle
$242,500
2 bd
|
2 ba
|
935 sq ft
|
Condo

507 Lighthouse Rd, Panama City Beach, FL 32407

Status: Active

Tomo last checked: 12/22/2024 at 10:15 PM

Listing updated: 12/02/2024 at 11:20 AM

Listed by: Chris C Green, ERA Neubauer Real Estate Inc Phone #: (850) 785-1551

MLS: CentralPanhandle #757379

CentralPanhandle logo