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$499,000

Beds
2
Baths
2.0
sq ft
1,427

6609 Thomas Dr Unit 1303, Panama City, FL 32408

6609 Thomas Dr Unit 1303

Panama City Beach, FL 32408

  • 50 days on market
    • Price drop $20,000↓
Tucked along the sugar-white sands of Panama City Beach, this 2BR/2BA fully furnished Gulf-front condo in Coral Reef Resort offers sweeping views from the master bedroom, living area, and balcony, making it the perfect coastal retreat. Spacious and filled with natural light, the condo features durable tile and vinyl plank flooring throughout, complemented by cozy carpeted bedrooms for added comfort. Coral Reef recently underwent significant post-Hurricane Michael renovations, giving it the feel of a brand-new complex, with updated windows, doors, a refinished pool, and new walkways leading to its private beach. The resort boasts two tropical pools (one heated seasonally), a sun deck, a fitness center, and beautifully landscaped grounds with BBQ grills and picnic tables, along with a Gulf-side gazebo for relaxing outdoor living. Located on the quieter east end of Panama City Beach, Coral Reef strikes the perfect balance of seclusion and convenience, with nearby shopping, dining, marinas, and St. Andrews State Park. The intimate setting of only 82 units enhances its tranquil atmosphere and is ideal for those seeking a second home or vacation rental. Ready to embrace the coastal lifestyle? Schedule your private viewing today and make this Gulf-front escape yours!

Details

Property type

Condominium

Est. home value

$609,182

Lot size

Unknown

Price per sq ft

$350

Year built

1999

Annual property taxes

$5,695

Monthly HOA fee

$1,058.33

Price History

11/12/2024
CentralPanhandle

CentralPanhandle #763390

Price change
$499,000
-3.85%
10/01/2024
CentralPanhandle

CentralPanhandle #763390

Listed
$519,000
-2.08%
09/01/2024
CentralPanhandle

CentralPanhandle #750120

Removed
$530,000

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, 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

$292,199
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$166,881
Cash to seller
$292,199

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

Seller’s Loan History

Lender

First Horizon Home Loan Corp

Loan start date

April 2004

Original loan amount

$333,600

Est. remaining balance

$166,881

Interest rate

5.41%

Loan type

Not Provided, 30 year

Seller

Willis Wayne Godwin and Donna L Godwin

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: 11/22/2024 at 11:15 PM

Listing updated: 11/12/2024 at 2:20 PM

Listed by: Duran Group, Berkshire Hathaway HomeServices Beach Properties of Florida Phone #: (850) 252-4160

MLS: CentralPanhandle #763390

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