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$430,000

Beds
2
Baths
2.0
sq ft
1,000

8610 Surf Dr Unit 206, Panama City, FL 32408

8610 Surf Dr Unit 206

Panama City Beach, FL 32408

  • 31 days on market
Invest in your future at Whispering Seas 206, an exceptional, updated condo that has consistently generated IMPRESSIVE rental income. This Gulf-front 2bd/2ba unit boasts a PROVEN track record; earning $46k in 2024, $38k in 2023 (lower due to owner usage), and $48k in 2022. Comfortably sleeping 8 guests, the condo features a king bed in the primary bedroom with STUNNING Gulf views, a queen bed plus bunk bed in the guest bedroom, and a sleeper sofa in the living room. With renovated kitchen and baths, in-unit washer/dryer, and stylish coastal decor, Whispering Seas 206 comes fully rental-ready and the option to keep it on the same rental program for easy transition. The well-equipped kitchen allows residents and guests to prepare meals with ease, the open living area provides ample seating, and the Gulf-front balcony offers the perfect spot for morning coffee or evening relaxation. Recent upgrades to the unit include a newer HVAC and water heater, hurricane glass sliding doors being installed, and refreshed furnishings throughout.The complex itself has also seen recent upgrades and improvements to the Gulf-front pool, grilling gazebo, parking lot, and building exterior. With the Condominium Milestone Report done, Structural Integrity Reserve Study completed, reasonable HOA fees, and no pending assessments, this turnkey property offers peace of mind for residents and investors alike. Situated in a low-rise complex with only 30 units, Whispering Seas 206 offers a more calm, serene beach experience. The proximity and ease of getting from the parking lot to the condo to the beach itself is rare. Additionally, its prime location puts you within minutes to a plethora of shopping, dining, and entertainment options in East PCB, including a nearby Walmart for convenient essentials. Pier Park is less than 7 miles west and St Andrews State Park is less than 4 miles east. Don't miss this opportunity to own a piece of Panama City Beach paradise. Whether you're looking for a vacation home or a lucrative investment, Whispering Seas 206 delivers the perfect blend of comfort, style, and rental potential. Schedule your private showing today and start enjoying the beach life you've always dreamed of!

Details

Property type

Condominium

Est. home value

$438,973

Lot size

Unknown

Price per sq ft

$430

Year built

1987

Annual property taxes

$4,397

Monthly HOA fee

$1,000.7

Price History

10/22/2024
CentralPanhandle

CentralPanhandle #764145

Listed
$430,000
+10.26%
10/22/2021
CentralPanhandle

CentralPanhandle #714188

Sold
$390,000

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Park

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

$78,650
Asking price
$430,000
Closing costs (~8% of asking)
-$34,400
Est. remaining loan balance
-$316,950
Cash to seller
$78,650

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

Seller’s Loan History

Lender

Finance Of America Mortgage Llc

Loan start date

October 2021

Original loan amount

$340,000

Est. remaining balance

$316,950

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Anthony P Mcaleer and Aurora Mcaleer

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 7:30 PM

Listing updated: 10/25/2024 at 9:59 PM

Listed by: Courtney Pantalena, Coldwell Banker Realty Phone #: (850) 650-4563

MLS: CentralPanhandle #764145

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