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$389,000

Beds
3
Baths
2.0
sq ft
1,260

5812 Beach Dr Unit B, Panama City, FL 32408

5812 Beach Dr Unit B

Panama City Beach, FL 32408

  • <1 day on market
Blissful Beach Bungalow offers a delightful coastal farmhouse-inspired retreat just a 3-minute walk from the beach in Panama City Beach. This two-story home accommodates families and furry friends, with a spacious backyard for pets to roam. Conveniently located near attractions like St. Andrew's State Park, Rick Seltzer Park, and Treasure Island Marina, guests can easily enjoy various activities while being close to the serene beaches.Blissful Beach Bungalow is located on what is considered the East end of Panama City Beach. It is only a couple blocks from the white sandy beaches and the same distance to your closest public boat ramp.This three bedroom, two bathroom retreat comes fully furnished and is bringing in revenue day-by-day, being a short term rental on Panama City Beach. Boasting an impressive $62k in revenue in 2023 & $40,000 in 2024, this beach bungalow will keep sending cash flow to any owner.Blissful Beach Bungalow was purchased in 2018 and was gutted and remodeled through-out. It had a new metal roof installed in 2018, spray foam installed inside all the walls and attic, full bathroom & kitchen gut & remodel, new windows and doors installed, new siding & paint, oversized decks added, fully irrigated back yard that is fully fenced, new hvac system in 2019, new water heater in 2019, new light fixtures and plumbing fixtures throughout. Nothing remained untouched by the end of this remodel!

Details

Property type

Townhouse

Est. home value

$337,395

Lot size

Unknown

Price per sq ft

$309

Year built

1984

Annual property taxes

$2,740

HOA

No

Price History

03/14/2025
CentralPanhandle

CentralPanhandle #770466

Listed
$389,000
+51.36%
05/03/2021
CentralPanhandle

CentralPanhandle #710249

Sold
$257,000

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

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

$122,946
Asking price
$389,000
Closing costs (~8% of asking)
-$31,120
Est. remaining loan balance
-$234,934
Cash to seller
$122,946

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

Seller’s Loan History

Lender

Success Mortgage Partners Inc

Loan start date

April 2021

Original loan amount

$257,000

Est. remaining balance

$234,934

Interest rate

2.97%

Loan type

VA, 30 year

Seller

Susan Shaulis Southerland

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: 03/17/2025 at 7:35 PM

Listing updated: 03/17/2025 at 10:49 AM

Listed by: Tyler D Southerland, Coastal Heritage Real Estate LLC Phone #: (850) 249-0521

MLS: CentralPanhandle #770466

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