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$489,999

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

  • 49 days on market
    • Price drop $9,001↓
Welcome to your slice of paradise! Seychelles Resort Condominium is highly coveted for its breathtaking views of the emerald waters of the Gulf of Mexico and sits on 200 feet of pristine sandy beach next to Schooners Restaurant. With 883 square feet of well-designed living space, this one bedroom, two full bath unit with hallway bunks comfortably sleeps up to six and is being sold fully furnished. This meticulously maintained gulf front unit was recently updated in 2022. It is beautifully presented with all-new lighting, luxury vinyl flooring throughout, an extended island with new quartz countertops in the kitchen, new quartz countertops in the bathrooms, and new patio furniture added to the private balcony. The entire unit was painted throughout to include cabinets in the kitchen and bathrooms. The ceiling was painted, and a smoother texture added. A new washer and dryer was added this year. Seychelles Resort offers many amenities which include two gulf front pools, hot tub, onsite fitness center, conference center, onsite rental company, onsite property management, and covered and secured parking with a walkover. HOA fees include ALL utilities including electricity. Seychelles Resort is centrally located right off Thomas Drive and just minutes to marinas, shopping, dining, entertainment, and St. Andrews State Park. Excellent rental income potential. This is your opportunity to get everything you could want on the World's Most Beautiful Beaches. All measurements are approximate and should be verified by Buyer.

Details

Property type

Condominium

Est. home value

$472,640

Lot size

Unknown

Price per sq ft

$555

Year built

2006

Annual property taxes

$4,780

Monthly HOA fee

$789.93

Price History

09/17/2024
CentralPanhandle

CentralPanhandle #760695

Price change
$489,999
-1.8%
07/23/2024
CentralPanhandle

CentralPanhandle #760695

Listed
$499,000
+3.53%
05/31/2022
CentralPanhandle

CentralPanhandle #724880

Sold
$482,000
+119.09%

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?

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Status: Active

Tomo last checked: 09/18/2024 at 9:50 PM

Listing updated: 09/17/2024 at 10:19 AM

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

MLS: CentralPanhandle #760695

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