tomo logo

$695,000

Beds
5
Baths
3.0
sq ft
1,963

5928 Beach Dr, Panama City, FL 32408

5928 Beach Dr

Panama City, FL 32408

  • 146 days on market
    • Price drop $25,000↓
Motivated Seller! Bring all offers! Welcome to this well-maintained, spacious 5 bedroom single story vacation rental! 2023 Gross Rental Income of $93K! This home has zero stairs, 3 full bathrooms, ample parking, an outdoor shower, and a laundry/utility room with an extra refrigerator. With multiple dining areas, two enclosed porches, and a lovely private backyard living space, this home is perfect for entertaining and accommodating up to 12 guests! What a rare find! The primary King ensuite is truly a space of its own, leading out to the back patio via french doors. Everyone will enjoy privacy and peace at this property with a secondary King ensuite, two Queen bedrooms, and a double bunk bedroom! This beautiful home offers granite countertops, shaker cabinets, stainless steel Kitchen appliances, a digital thermostat, and exterior flood light cameras. It feels so roomy with vaulted ceilings and tile flooring throughout. This home conveys fully furnished and turnkey, with tasteful coastal furniture/decor which was updated in 2023. The backyard offers a grassy area as well as a paver patio with a firepit and BBQ grill. Plenty of space for outdoor games and relaxing around the custom painted mural welcoming you and your family to the Emerald Coast!Additionally, this home comes with great storage space within the attic access, owner's closets and/or pantry/linen closets. There is also a workshop with exterior access for storing the yard tools and beach toys! Other items to mention include: interior painting updates in 2024, full septic servicing in 2024, and second screened in porch added to the front of home in 2023. Appliances include: two refrigerators, electric cooktop, double ovens, dishwasher, microwave, washer and dryer. Smart TV's, Kitchen accessories, outdoor furniture, firepit and grill also convey. Known as ''Pelican Paradise'' on Airbnb, this home has 45 reviews with a 4.62 rating average! Get to the beautiful white sandy beaches with ease, via Public Beach accesses #11 and #12. Rick Seltzer Beach Park is approx one mile away with public restrooms and parking. Enjoy a variety of Panama City Beach dining, entertainment, and adventure all within two miles. Public boat ramps, watersports options, and golfing are also found nearby. Seller will pay $800 towards a home warranty at closing! Contact your favorite Real Estate Agent today to learn more or to schedule a showing! Buyer to verify all measurements and any information deemed important.

Details

Property type

Single Family Residence

Est. home value

$692,473

Property condition

Updated/Remodeled

Lot size

6,000 sq ft

Price per sq ft

$355

Year built

1997

Annual property taxes

$4,826

HOA

No

Price History

09/05/2024
CentralPanhandle

CentralPanhandle #756259

Price change
$695,000
-3.47%
08/13/2024
CentralPanhandle

CentralPanhandle #756259

Listed
$720,000
08/01/2024
CentralPanhandle

CentralPanhandle #756259

Pending
$720,000

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

$58,089
Asking price
$695,000
Closing costs (~8% of asking)
-$55,600
Est. remaining loan balance
-$581,311
Cash to seller
$58,089

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

November 2022

Original loan amount

$595,000

Est. remaining balance

$581,311

Interest rate

6.02%

Loan type

New Conventional, 30 year

Seller

Daniel C Denning and Melissa J Denning

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?

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Status: Active

Tomo last checked: 09/19/2024 at 9:10 PM

Listing updated: 09/05/2024 at 4:29 PM

Listed by: Andrea Lee, Beachy Beach Real Estate Phone #: (850) 233-4351

MLS: CentralPanhandle #756259

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