tomo logo

$440,000

Beds
2
Baths
2.0
sq ft
1,144

5801 Thomas Dr Unit 520, Panama City, FL 32408

5801 Thomas Dr Unit 520

Panama City Beach, FL 32408

  • <1 day on market
Welcome to your beachfront oasis at Regency Towers, where a prime 5th-floor location offers breathtaking Gulf views and front-row seats to stunning sunsets and playful dolphins gliding through the waves. With resort-style amenities and the best-priced 2-bedroom condo in the building, this is your chance to own a piece of paradise!This 2-bedroom, 2-bathroom condo is the perfect blend of comfort, style, and investment potential. The tastefully updated ceilings in the living area create a fresh and modern ambiance, while the Gulf-front master suite offers direct balcony access--wake up and enjoy your coffee while you listen to the waves rolling in! Both bedrooms are complete with plantation shutters, adding a touch of elegance and privacy to your retreat.With sleeping space for six guests, this unit is turnkey and fully furnished, making it an ideal short-term rental investment or personal beach getaway. The open floor plan allows for seamless entertaining, and the well-appointed kitchen provides all the essentials for coastal living.Regency Towers is packed with resort-style amenities, including two pools (one seasonally heated), a fitness center, and direct beach access. Plus, you're just minutes from PCB favorites like Schooners, St. Andrews State Park, and Pier Park.

Details

Property type

Condominium

Est. home value

$472,087

Lot size

Unknown

Price per sq ft

$385

Year built

1975

Annual property taxes

$4,595

Monthly HOA fee

$999.19

Price History

02/03/2025
CentralPanhandle

CentralPanhandle #768236

Listed
$440,000
+22.56%
08/12/2021
CentralPanhandle

CentralPanhandle #709210

Sold
$359,000

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Gated, Clubhouse, Fitness Center

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

$155,411
Asking price
$440,000
Closing costs (~8% of asking)
-$35,200
Est. remaining loan balance
-$249,389
Cash to seller
$155,411

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

Seller’s Loan History

Lender

Sprout Mortgage Llc

Loan start date

August 2021

Original loan amount

$269,250

Est. remaining balance

$249,389

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Richard T Smith

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 AM

Listing updated: 02/04/2025 at 10:09 PM

Listed by: The Beninateam, Beachy Beach Real Estate Phone #: (850) 532-6262

MLS: CentralPanhandle #768236

CentralPanhandle logo