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$550,000

Beds
2
Baths
2.0
sq ft
1,289

7205 Thomas Dr Unit E704, Panama City, FL 32408

7205 Thomas Dr Unit E704

Panama City Beach, FL 32408

  • 7 days on market
Dunes of Panama E704 - Million dollar views from this perfectly situated deluxe 2 bedroom gulf front condo! Watch endless sunsets from this much sought after, mid-level floor condo. Relax, unwind and enjoy your mornings gazing at the beach from your bed with access to the balcony from your master bedroom. Awesome opportunity to own this as a rental investment or personal residence.The Dunes of Panama Resort has 1500 linear feet of sugar white sand, 3 gulf front pools (one heated), four pickle ball courts and one tennis court, free WI-FI, fitness room, volleyball, shuffleboard, outdoor BBQ grills, Stingray's restaurant and gift shop and the Sneaky Tiki poolside. Water Heater-2023 Outside A/C Compressor &A/C Handler - 10 years old.NOTE: The second bedroom suite, recliner, coffee table, a few small kitchen items and the balcony furniture do not convey.

Details

Property type

Condominium

Est. home value

$520,125

Lot size

Unknown

Price per sq ft

$427

Year built

1985

Annual property taxes

$4,981.81

Monthly HOA fee

$1,108

Price History

02/15/2025
CentralPanhandle

CentralPanhandle #768899

Listed
$550,000
-5.98%
12/16/2024
CentralPanhandle

CentralPanhandle #759909

Removed
$585,000
07/15/2024
CentralPanhandle

CentralPanhandle #759909

Listed
$585,000
-6.4%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

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

Number of units in community: 

114

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

$389,337
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$116,663
Cash to seller
$389,337

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

Seller’s Loan History

Lender

Washington Mutual Bank Fa

Loan start date

April 2007

Original loan amount

$185,152

Est. remaining balance

$116,663

Interest rate

6.3%

Loan type

Not Provided, 30 year

Seller

Jonathan A Brown Sr and Lynn I Brown

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: 02/22/2025 at 6:25 PM

Listing updated: 02/15/2025 at 2:59 PM

Listed by: Edgar W Barnette, Bright Realty Solutions Phone #: (850) 400-8638

MLS: CentralPanhandle #768899

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