tomo logo

$299,000

Beds
2
Baths
2.5
sq ft
1,325

8700 Front Beach Rd Unit 7107, Panama City Beach, FL 32407

8700 Front Beach Rd Unit 7107

Panama City Beach, FL 32407

  • 3 days on market
Welcome to resort style living in the gated community of Island Reserve located approximately 5 minutes to the beautiful white sandy beach. No crowds at this low rise condominium area and so many amenities. You can walk around the complex or enjoy the island lagoon style pool with waterfalls, hot tub and splash pad. Inside the activities building you will find a modern fitness center, pickleball/basketball court, theater room, community room with pool table and so much more! No long hallways to walk down with groceries as this condo is conveniently located just off the garage. You can even pull up outside your patio on the inside road of Island Reserve for unloading items Elevators are located in all buildings ensuring effortless access to visit with friends and neighbors. NO SHORT TERM RENTALS. This condo has 10' ceilings with crown molding, a wonderful open feeling and is great for entertaining. The kitchen is equipped with stainless steel appliances, undercounter lighting, an abundance of cabinets and a fantastic island bar. Some of the updates include a new AC unit, new paint, newer flooring (no carpet) and lots of storage. You will love the split floor plan for the bedrooms too. Both master suites have patio access and walk-in closets There is a spacious soaking tub and separate shower in one master bath and a stand alone shower in the other. Oh the patio! If you want a little privacy while relaxing or sun bathing, this is it! A colorful array of shrubs and flowers surround the patio. Bdg. 7 is located next door to the amenities bldg and very close to the pool. 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 as well. Fantastic social committee keeps owners connected with get-to-gethers around the pool and holiday lunches! Move in, relax, and enjoy!! Golf cart community! Two dogs allowed.

Details

Property type

Condominium

Est. home value

$315,459

Lot size

Unknown

Price per sq ft

$226

Year built

2008

Annual property taxes

$3,160

Monthly HOA fee

$672.58

Price History

03/25/2025
CentralPanhandle

CentralPanhandle #770967

Listed
$299,000
+44.44%
09/20/2019
CentralPanhandle

CentralPanhandle #687261

Sold
$207,000
+18.29%
06/18/2018
CentralPanhandle

CentralPanhandle #665020

Sold
$175,000

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

$109,773
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$165,307
Cash to seller
$109,773

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 2019

Original loan amount

$186,300

Est. remaining balance

$165,307

Interest rate

3.6%

Loan type

New Conventional, 30 year

Seller

Nancy C Mitchell and Brian C Busbee

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: 03/30/2025 at 12:20 AM

Listing updated: 03/26/2025 at 6:00 PM

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

MLS: CentralPanhandle #770967

CentralPanhandle logo