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$349,900

Beds
2
Baths
2.0
sq ft
988

506 Palm Ave, Panama City Beach, FL 32413

506 Palm Ave

Panama City Beach, FL 32413

  • Pending
    • Price drop $9,100↓
UPDATED! Charming & Cozy 2BR/2BA Home with pool, perfectly nestled in the well sought after community of Open Sands. Golf Cart Friendly Community, 2 Blocks to the Sugary White Sand Beaches & Emerald Coastline. Updates: 2024: New Roof W Solar Panels and fresh paint throughout the interior & cabinets, lighting & mirror in master bathroom. Recent Upgrades: Vinyl plank flooring, brick backsplash, entire master bathroom, ceiling fans, lighting, garbage disposal & sprinkler system. Open floor plan with vaulted ceiling and wood beams. Sliding glass doors open to your Backyard Oasis with a covered deck, fabulous pool & low maintenance landscaping, decorative lighting and a utility shed. Just over a mile to Pier Park Shopping, Restaurants & Entertainment. Don't miss out on this well-maintained home!

Details

Property type

Single Family Residence

Est. home value

$387,413

Lot size

4,966 sq ft

Price per sq ft

$355

Year built

1985

Annual property taxes

$2,190

HOA

No

Price History

03/19/2025
CentralPanhandle

CentralPanhandle #765364

Pending
$349,900
03/03/2025
CentralPanhandle

CentralPanhandle #765364

Price change
$349,900
-2.53%
11/22/2024
CentralPanhandle

CentralPanhandle #765364

Listed
$359,000
+34.46%

Schools & Community

Elementary school: 

Hutchison Beach

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

$93,623
Asking price
$349,900
Closing costs (~8% of asking)
-$27,992
Est. remaining loan balance
-$228,285
Cash to seller
$93,623

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

August 2020

Original loan amount

$253,650

Est. remaining balance

$228,285

Interest rate

3.07%

Loan type

New Conventional, 30 year

Seller

Lynn Michelle Creekmore

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: Pending/Under Contract

Tomo last checked: 04/03/2025 at 12:50 PM

Listing updated: 03/19/2025 at 11:20 AM

Listed by: Donna R Johnson, Anchor Realty Florida Phone #: (850) 899-7999

MLS: CentralPanhandle #765364

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