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$292,000

Beds
2
Baths
2.5
sq ft
1,325

8700 Front Beach Rd Unit 5302, Panama City Beach, FL 32407

8700 Front Beach Rd Unit 5302

Panama City Beach, FL 32407

  • 2 days on market
Photos of furniture are virtually staged. This condo offers privacy with a backside patio overlooking a 55+ community behind Island Reserve. The condo has 10' ceilings with crown molding giving it a wonderful open feeling, and has been thoughtfully updated featuring plantation shutters, modern fixtures, fans, newer appliances, pull out kitchen drawers, newer paint, and LVP flooring. Two master suites with balcony access. Both bedrooms have walk-in closets. There is a spacious soaking tub and separate shower in one master bath and a stand alone shower in the other. No long hallways to walk down with groceries as this condo is conveniently located just off the garage. Elevators are located in all buildings ensuring effortless access to the beautiful amenities. Lagoon style island pool with waterfalls & hot tub. Inside the activities bldg. you will find a pickle ball and basketball court, state of the art exercise equipment, game room and a theater room. Accenting the beautiful courtyards throughout Island Reserve are lush landscaping and lighted fountains for your enjoyment. Less than 2 miles to the beach! Restaurants, shopping and medical facilities are very close too. Fantastic social committee keeps owners connected with get-to-gethers around the pool and holiday lunches! NO SHORT TERM RENTALS ALLOWED. Just move in, relax, and enjoy!! Golf cart community! Two dogs allowed.

Details

Property type

Condominium

Est. home value

$332,605

Lot size

Unknown

Price per sq ft

$221

Year built

2008

Annual property taxes

$2,012

Monthly HOA fee

$578.86

Price History

01/03/2025
CentralPanhandle

CentralPanhandle #766744

Listed
$292,000
-1.68%
10/22/2024
CentralPanhandle

CentralPanhandle #747839

Removed
$297,000
10/01/2024
CentralPanhandle

CentralPanhandle #747839

Pending
$297,000

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Gated, Clubhouse, Fitness Center

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

$152,719
Asking price
$292,000
Closing costs (~8% of asking)
-$23,360
Est. remaining loan balance
-$115,921
Cash to seller
$152,719

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

Seller’s Loan History

Lender

Bank Of England

Loan start date

September 2021

Original loan amount

$125,000

Est. remaining balance

$115,921

Interest rate

2.78%

Loan type

New Conventional, 30 year

Seller

Martha S Baggett and Tonja B Womack

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: 01/05/2025 at 9:50 AM

Listing updated: 01/03/2025 at 11:39 AM

Listed by: Diane Tyler, RC Real Estate Group Phone #: (850) 249-6100

MLS: CentralPanhandle #766744

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