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$629,000

Beds
3
Baths
2.0
sq ft
1,560

5801 Thomas Dr Unit 601, Panama City, FL 32408

5801 Thomas Dr Unit 601

Panama City Beach, FL 32408

  • <1 day on market
WELCOME TO PARADISE! This RENTAL MACHINE is almost fully booked for the summer already, and the existing reservations can be transferred to you--making it the perfect investment opportunity! Located on the 6th floor, the views from this stunning condo are nothing short of spectacular. Step out onto the gulf-facing balcony to enjoy breathtaking sunsets every evening.With 1,560 square feet of space, this condo boasts an open, airy floorplan that's perfect for relaxation and entertaining. The master suite features a private deck entrance, allowing you to enjoy even more of the serene coastal atmosphere. Recent updates include new shiplap, dining and patio furniture, a new washer & dryer, new stove, and stylish decor throughout, ensuring this home is both beautiful and functional.Enjoy all the amenities this gated community has to offer, including private beach access, 24-hour security services, and ample parking. Relax in one of the two large beachfront pools (one heated), unwind in the indoor hot tub, or grab a bite at Bikini Bob's Grill & Bar by the pool. Stay active at the fitness center, play a game of billiards, or have a picnic with family and friends in the designated area.Don't miss your chance to own a slice of paradise and take advantage of the lucrative rental potential!*Measurements are approximate & should be verified.*

Details

Property type

Condominium

Est. home value

$536,664

Lot size

Unknown

Price per sq ft

$404

Year built

1982

Annual property taxes

$5,619

Monthly HOA fee

$997.76

Price History

02/01/2025
CentralPanhandle

CentralPanhandle #768082

Listed
$629,000
+17.57%
04/19/2023
CentralPanhandle

CentralPanhandle #736282

Sold
$535,000
-6.14%
06/10/2022
CentralPanhandle

CentralPanhandle #723579

Sold
$570,000
+24.18%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Gated, Clubhouse, Fitness Center, Restaurant

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

Centennial Bank

Loan start date

April 2023

Original loan amount

$374,500

Est. remaining balance

Not provided

Interest rate

6.75%

Loan type

New Conventional, 30 year

Seller

James Wolsiffer and Tessa Wolsiffer

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: 02/01/2025 at 8:40 PM

Listing updated: 02/01/2025 at 3:50 PM

Listed by: Katherine A Gloer, Berkshire Hathaway HomeServices Beach Properties of Florida Phone #: (850) 252-4160

MLS: CentralPanhandle #768082

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