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$3,499,999

Beds
8
Baths
8.0
sq ft
5,320

8221 Surf Dr Unit 1, Panama City, FL 32408

8221 Surf Dr Unit 1

Panama City Beach, FL 32408

  • 55 days on market
Listed at $650 a sq ft this property is the best priced beach house or gulf front town home in Panama City Beach. This stunning Gulf front has a ton of character and offers endless possibilities. This home sits on one of the nicest gulf front lots in PCB. With a little updating this home could be converted into a beautiful luxury beach house. This home has many options to provide a good return on your investment. Great first year rental numbers and bookings! Rental projections are $385k+ annually.

Details

Property type

Single Family Residence

Est. home value

$1,212,510

Lot size

3,485 sq ft

Price per sq ft

$658

Year built

1999

HOA

No

Price History

09/23/2024
CentralPanhandle

CentralPanhandle #763081

Listed
$3,499,999
09/19/2024
CentralPanhandle

CentralPanhandle #750886

Removed
$3,500,000
08/21/2024
CentralPanhandle

CentralPanhandle #750886

Pending
$3,500,000

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

$2,596,364
Asking price
$3,499,999
Closing costs (~8% of asking)
-$280,000
Est. remaining loan balance
-$623,635
Cash to seller
$2,596,364

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

Seller’s Loan History

Lender

Heritage Bank & Trust

Loan start date

September 2021

Original loan amount

$1,560,000

Est. remaining balance

$623,635

Interest rate

2.77%

Loan type

New Conventional, 5 year

Seller

Mwh Sugar Sands Llc

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

CentralPanhandle
$3,970,000
6 bd
|
6.5 ba
|
3,358 sq ft
|
House

9716 Beach Blvd, Panama City, FL 32408

Status: Active

Tomo last checked: 11/19/2024 at 7:15 AM

Listing updated: 09/24/2024 at 9:09 PM

Listed by: Fred W Thomas, Beach Time Realty, Inc Phone #: (850) 381-3156

MLS: CentralPanhandle #763081

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