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$490,000

Beds
2
Baths
1.0
sq ft
780

506 Le Grand Dr, Panama City Beach, FL 32413

506 Le Grand Dr

Panama City Beach, FL 32413

  • <1 day on market
Welcome to this beautifully remodeled 2-bedroom, 1-bathroom coastal cottage located in the highly sought-after West End neighborhood of Riviera Beach. This charming home is vacation rental-ready and currently listed with a Vacation Rental Company, accepting bookings now!Completely remodeled in 2022, this home boasts fresh interior and exterior paint, new flooring, a modern tiled shower, updated fixtures, and stylish decor throughout. The spacious open living and kitchen area creates a perfect space for relaxation and entertainment, featuring gorgeous ceramic tile floors and crown molding.Step outside to enjoy the large backyard, perfect for outdoor activities or simply soaking up the coastal ambiance. A convenient storage shed is located in the rear of the property, adding to the home's functionality. With the pristine sandy beaches just a short golf cart ride away, you'll have the best of both worlds--beach relaxation and coastal charm all in one!This gem in Panama City Beach offers the ideal opportunity for those looking to own a turnkey vacation rental or simply enjoy a coastal getaway. Don't miss out on the chance to make this Coastal Cottage your own!

Details

Property type

Single Family Residence

Est. home value

$437,444

Lot size

5,489 sq ft

Price per sq ft

$629

Year built

1983

Annual property taxes

$3,269

HOA

No

Price History

02/05/2025
CentralPanhandle

CentralPanhandle #768305

Listed
$490,000
+6.52%
09/13/2022
CentralPanhandle

CentralPanhandle #724895

Sold
$460,000
+41.54%
02/25/2022
CentralPanhandle

CentralPanhandle #715021

Sold
$325,000

Schools & Community

Elementary school: 

West Bay

Middle school: 

Surfside

High school: 

Arnold

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

$199,586
Asking price
$490,000
Closing costs (~8% of asking)
-$39,200
Est. remaining loan balance
-$251,214
Cash to seller
$199,586

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

Seller’s Loan History

Lender

Fidelity Bank

Loan start date

September 2022

Original loan amount

$260,000

Est. remaining balance

$251,214

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Susan Bianca Maddox and Perry Doyle Maddox

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?

Status: Active

Tomo last checked: 02/05/2025 at 10:50 PM

Listing updated: 02/05/2025 at 7:40 PM

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

MLS: CentralPanhandle #768305

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