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$462,000

Beds
1
Baths
2.0
sq ft
883

5115 Gulf Dr Unit 1402, Panama City, FL 32408

5115 Gulf Dr Unit 1402

Panama City Beach, FL 32408

  • 3 days on market
Welcome to your private slice of paradise! The Seychelles Resort Condominium is renowned for its awe-inspiring views of the Gulf's emerald waters and is ideally situated along 200 feet of pristine, sandy beach, just steps from the renowned Schooners Restaurant. This exquisite 883-square-foot, one-bedroom, two-bathroom residence--featuring hallway bunks--comfortably accommodates up to six guests and is being sold fully furnished.Meticulously maintained and recently updated in 2022 with $40,000 in enhancements, this gulf-front gem offers a seamless blend of style and comfort. The unit has been thoughtfully designed, with new lighting, luxurious vinyl plank flooring throughout, an extended kitchen counter topped with sleek quartz, and modern quartz finishes in both bathrooms. The private balcony has been upgraded with new patio furniture, and the entire space has been freshly painted, including the cabinetry in both the kitchen and bathrooms. The ceilings have also been refinished with a smooth texture, adding to the sophisticated appeal. A new washer and dryer were installed just last year for added convenience.Seychelles Resort offers an array of exceptional amenities, including two gulf-front pools, a hot tub, a well-equipped fitness center, a conference center, and onsite rental and property management services. Residents and guests enjoy the added benefit of secure, covered parking with a convenient walkover to the beach. HOA fees cover all utilities, including electricity.Centrally located off Thomas Drive, Seychelles Resort is just minutes from marinas, shopping, dining, entertainment, and the scenic St. Andrews State Park. With excellent rental income potential, this is your chance to own a piece of the World's Most Beautiful Beaches.All measurements are approximate and should be verified by the buyer.

Details

Property type

Condominium

Est. home value

$472,640

Lot size

Unknown

Price per sq ft

$524

Year built

2006

Annual property taxes

$4,699

Monthly HOA fee

$789.93

Price History

03/27/2025
CentralPanhandle

CentralPanhandle #771042

Listed
$462,000
-5.71%
10/07/2024
CentralPanhandle

CentralPanhandle #760695

Removed
$489,999
09/17/2024
CentralPanhandle

CentralPanhandle #760695

Price change
$489,999
-1.8%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Clubhouse, Fitness Center

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

Athas Capital Group Inc

Loan start date

May 2022

Original loan amount

$385,600

Est. remaining balance

Not provided

Interest rate

5%

Loan type

Commercial, 30 year

Seller

Mlm Residential Llc

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: 03/30/2025 at 7:35 PM

Listing updated: 03/27/2025 at 10:20 PM

Listed by: Jerri Ann A Guss, The Premier Property Group Phone #: (850) 213-5000

MLS: CentralPanhandle #771042

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