tomo logo

$799,000

Beds
4
Baths
3.0
sq ft
2,356

5826 Highway 2297, Panama City, FL 32404

5826 Highway 2297

Panama City, FL 32404

  • 465 days on market
    • Price drop $26,000↓
BAY FRONT/PRIVATE BOAT LAUNCH/GUEST HOUSE-Enjoy living on the bay for less than a million and No HOA! The home is currently a vacation rental, but could be a primary residence or a second home. This gorgeous property with majestic southern live oak trees even comes with its' own boat launch, so you don't have to drive to launch your boat. 155 feet of waterfront with about 0.89 of an acre with sunrises and sunsets that leave will you breathless! The main house is 1852 sq. ft. with 3 bedrooms and 2 baths. The guest house is 504 sq. ft. with 1 bedroom and 1 bath. The main house and guest house have been completelyupdated. The living area has beamed ceilings, there is LVP and tile flooring throughout. The chef's kitchen has a gas stove, white cabinets and suede finished granite countertops, a gas stove, Thermador double ovens, tons of cabinets, stainless steel appliances, and a farm sink. There is a large breakfast bar and the dining area is large enough to seat the whole family. The open great room has floor to ceiling windows that overlook the bay with shiplap walls, pickled wood plank and open beamed ceiling. The living area is graced with a gas fireplace with German Schmear brick surround and eye-catching mantle. This home with its' open spaces is perfect for entertaining. All the bedrooms have built in's, closets, and drawers for storage. The owner's suite has a walk in closet with a secondary step in closet. The owner's bathroom has double sinks with a large tiled shower, large cooper soaking tub, and a sliding barn door. A large laundry room is located directly off of the kitchen. The guest house out back has a kitchenette, full bath with tiled shower and floor, walk in closet, and 2 lofts for loft beds. The guest house has a mini-split for controlled temperature. This home on the bay has it all with almost an acre of land, its own private boat launch/ramp, seawall, dock, and views of East bay that are mesmerizing! Call for your appointment today! All measurements are to be verified by the buyer.

Details

Property type

Single Family Residence

Est. home value

$882,183

Lot size

0.89 acres

Price per sq ft

$340

Year built

1970

Price History

01/02/2025
EmeraldCoast

EmeraldCoast #934680

Listed
$799,000
01/02/2025
EmeraldCoast

EmeraldCoast #934680

Removed
$799,000
11/20/2024
EmeraldCoast

EmeraldCoast #934680

Price change
$799,000
-3.15%

Schools & Community

Elementary school: 

Callaway

Middle school: 

Rutherford ( Middle )

High school: 

Rutherford

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

$147,978
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$587,102
Cash to seller
$147,978

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

May 2022

Original loan amount

$616,250

Est. remaining balance

$587,102

Interest rate

4.16%

Loan type

New Conventional, 30 year

Seller

Jesse P Houghton

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?

Similar Homes Nearby

Beaches
$850,000
4 bd
|
3 ba
|
2,197 sq ft
|
House

427 Sea Grove Way, Port Saint Joe, FL 32456

EmeraldCoast
$739,000
3 bd
|
2 ba
|
1,611 sq ft
|
Condo

1302 Highway 98 Unit 4D, Mexico Beach, FL 32456

EmeraldCoast
$709,000
3 bd
|
2 ba
|
1,624 sq ft
|
Condo

1302 Highway 98 Unit 4B, Mexico Beach, FL 32456

Status: Active

Tomo last checked: 01/23/2025 at 12:25 PM

Listing updated: 01/20/2025 at 12:39 PM

Listed by: Shaunet S Nicholas, Shaunet S Nicholas, Shaunet S Nicholas, Shaunet S Nicholas, Lokation Phone #: (954) 545-5583

MLS: EmeraldCoast #934680

EmeraldCoast logo

Recently listed in Panama City