tomo logo

$465,000

Beds
1
Baths
2.0
sq ft
883

5115 Gulf Dr Unit 1802, Panama City, FL 32408

5115 Gulf Dr Unit 1802

Panama City, FL 32408

  • <1 day on market
Discover the perfect blend of comfort and coastal living with this beautiful Gulf front one bedroom, two bath condominium at Seychelles. Situated on the 18th floor, this unit offers stunning views of the gulf, Grand Lagoon and St. Andrews Bay.Tastefully decorated with special touches by the owners, this has been a great investment property with strong rental numbers and a personal beach getaway. Turn key ready and presently under Evolve rental program, Bookings are filling up for this year and may be transferred to new owner for immediate income.Seychelles is located at the quiet east end of Panama City Beach and offers easy access to local attractions, dining, entertainment and recreational boating activities. The amenities offered are beach access, two pools (one seasonally heated), hot tub, fully equipped gym and garage parking deck with breezeway. Don't miss this opportunity to own your piece of paradise! Schedule your appointment today!

Details

Property type

Condominium

Est. home value

$472,055

Lot size

Unknown

Price per sq ft

$527

Year built

2006

Annual property taxes

$3,966

Monthly HOA fee

$793.27

Price History

02/07/2025
CentralPanhandle

CentralPanhandle #768518

Listed
$465,000
+74.16%
06/18/2019
CentralPanhandle

CentralPanhandle #682880

Sold
$267,000
+12.42%
04/25/2018
CentralPanhandle

CentralPanhandle #670661

Sold
$237,500
+17.28%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Clubhouse, Fitness Center, Park

Number of units in community: 

199

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

$256,919
Asking price
$465,000
Closing costs (~8% of asking)
-$37,200
Est. remaining loan balance
-$170,881
Cash to seller
$256,919

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

Seller’s Loan History

Lender

First Southern State Bank

Loan start date

June 2019

Original loan amount

$214,112

Est. remaining balance

$170,881

Interest rate

4.14%

Loan type

New Conventional, 20 year

Seller

Shigley Crowe Enterprises 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: 02/08/2025 at 8:15 PM

Listing updated: 02/08/2025 at 3:39 PM

Listed by: Merrie D Allen, Coldwell Banker Carroll Realty Phone #: (850) 249-8200

MLS: CentralPanhandle #768518

CentralPanhandle logo

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