tomo logo

$379,900

Beds
2
Baths
2.0
sq ft
1,308

8657 Tropics Ave, Panama City Beach, FL 32413

8657 Tropics Ave

Panama City Beach, FL 32413

  • 8 days on market
Looking for a temporary RENTAL INVESTMENT? Great chance to have $ coming in until you're ready to move in 11/16/24 or Rent it again! It's Latitude Margaritaville Watersound...the most sought after 55+ community in the country with a top ranked builder (Minto) to give you that confidence you need in your new home for years to come! The most popular of the small cottages, this Camelia was built for the ultimate in island/resort style living. It boasts a gorgeous combination of level 2 cabinets with level 4 Calcatta Quartz and Sand Castle Oak Laminate flooring and a glass front door. Recessed lighting and whole house blinds make this beautiful cottage the perfect sanctuary for those relaxing nights in paradise! Latitude Margaritaville offers an entire lifestyle staff to ensure residents stay active on the daily while enjoying the resort pool, indoor lap pool with whirlpool, 3 private bars with full service restaurant overlooking the stunning intracoastal waterway. The fitness center is top notch offering classes galore, personal training and massage services. Don't forget the most popular court game Pickleball and of course tennis, basketball, bocce, cornhole, pool table, ping pong and put put golf. Events, activities and socializing with your neighbors are the name of the game here. Beach shuttle and live music 7 days a week are kind of a big deal also. A public Marina and retail shopping/dining are in the works. The homes are amazing with no yard work and the lifestyle is the icing on the cake. Come join the fun! Current lease agreement in place through 11/17/2024. Balance of 2 year transferrable warranty through 05/25 and 10 year structural warranty remains in effect.

Details

Property type

Est. home value

$464,710

Lot size

Unknown

Price per sq ft

$291

Year built

2023

Annual property taxes

$379

Monthly HOA fee

$316.5

Price History

09/26/2024
CentralPanhandle

CentralPanhandle #763145

Listed
$379,900
-2.31%
08/26/2024
CentralPanhandle

CentralPanhandle #747528

Removed
$388,900
08/16/2024
CentralPanhandle

CentralPanhandle #747528

Price change
$388,900
-2.51%

Schools & Community

Elementary school: 

West Bay

Middle school: 

Surfside

High school: 

Arnold

Community features: 

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

Senior community center: 

Yes

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

$116,261
Asking price
$379,900
Closing costs (~8% of asking)
-$30,392
Est. remaining loan balance
-$233,247
Cash to seller
$116,261

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

June 2023

Original loan amount

$236,650

Est. remaining balance

$233,247

Interest rate

6.39%

Loan type

New Conventional, 30 year

Seller

Douglas Tyler Oakes and Gail Antoinette Oakes

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: 10/05/2024 at 1:25 AM

Listing updated: 10/02/2024 at 2:09 PM

Listed by: Terri M Snyder, Bob Hodges And Sons Realty Phone #: (954) 565-6701

MLS: CentralPanhandle #763145

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