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$850,000

Beds
3
Baths
3.0
sq ft
1,881

7205 Thomas Dr Unit 206E, Panama City, FL 32408

7205 Thomas Dr Unit 206E

Panama City Beach, FL 32408

  • 222 days on market
    • Price drop $39,000↓
Rare opportunity at Dunes of Panama, End Unit E206! This highly sought-after, Gulf-front, 3bed, 3bath gem is located on a desirable lower level floor. The unit features two en-suites, along with an additional dressing room. Meticulously furnished and updated, this residence boasts new sliding doors and front windows, tiled floors throughout, NEW kitchen APPLIANCES and Smart TVs in every room with Cable and HD WiFi. The breathtaking views extend from the brand new wood-grained tiled balcony that spans the entire length of the condo, offering an unparalleled Gulf Front experience. Additionally, the third bedroom comes with its own private balcony. The sellers are also offering a small storage unit & a deeded, covered, and gated garage parking space; adding a layer of convenience and security. The sale encompasses all furniture and items seen in the condo, providing a turnkey opportunity for the new owner. The water heater was replaced in 2019, and the AC and handler (4 tons) were replaced in 2017, ensuring modern comfort and efficiency. Blue Tube UV Air and A/C Unit Cleaner Installed in late 2023. With a rental history exceeding $75,000 annually, plus, the owner is open to conveying future bookings. The Dunes of Panama Resort has 1500 linear feet of sugar white sand, 3 gulf front pools (one heated), tennis courts, pickle ball coming soon, basketball, free WI-FI, fitness room, volleyball, shuffleboard, outdoor BBQ grills, Stingray's restaurant and gift shop and the Sneaky Tiki poolside.Don't miss the chance to own this updated and well-maintained piece of paradise at Dunes of Panama.

Details

Property type

Condominium

Est. home value

$903,889

Lot size

Unknown

Price per sq ft

$452

Year built

1985

Annual property taxes

$7,277

Monthly HOA fee

$1,160

Price History

08/04/2024
CentralPanhandle

CentralPanhandle #752633

Price change
$850,000
-4.39%
06/15/2024
CentralPanhandle

CentralPanhandle #752633

Removed
$889,000
02/10/2024
CentralPanhandle

CentralPanhandle #752633

Listed
$889,000

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Clubhouse, Fitness Center, Gated, Tennis Court(s)

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

Coastal Lending Services Inc

Loan start date

May 2016

Original loan amount

$312,000

Est. remaining balance

Not provided

Interest rate

4.12%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Pernell Shead

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: 09/19/2024 at 11:50 PM

Listing updated: 08/31/2024 at 1:09 PM

Listed by: Barbara A Wade, Beachy Beach Real Estate Phone #: (850) 233-4351

MLS: CentralPanhandle #752633

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