tomo logo

$273,000

Beds
2
Baths
2.5
sq ft
1,325

8700 Front Beach Rd Unit 7209, Panama City Beach, FL 32407

8700 Front Beach Rd Unit 7209

Panama City Beach, FL 32407

  • Pending
    • Price drop $900↓
Just reduced to $273,000! Priced to sell, welcome to Island Reserve, where this second-floor gem in Building 7 offers everything you've been searching for. Enjoy the convenience of covered parking and step inside to an open and airy living space with 10-foot ceilings, natural light pouring in, and a seamless flow to a large private balcony--perfect for sipping your morning coffee or winding down after a long day. This unit features two spacious master suites, each with its own walk-in shower and ample closet space, making it as functional as it is beautiful. The kitchen is the heart of this home, equipped with stainless steel appliances, granite countertops, and plenty of cabinet space to make cooking a breeze. Island Reserve is a highly sought-after community, and this unit's location couldn't be better. Whether you're looking for a vacation getaway or your forever home, this one has it all. Don't wait--schedule your tour today, and let's make this incredible space yours!

Details

Property type

Condominium

Est. home value

$297,083

Lot size

Unknown

Price per sq ft

$207

Year built

2008

Annual property taxes

$3,061

Monthly HOA fee

$578.67

Price History

03/27/2025
CentralPanhandle

CentralPanhandle #765835

Pending
$273,000
03/18/2025
CentralPanhandle

CentralPanhandle #765835

Price change
$273,000
-0.33%
02/24/2025
CentralPanhandle

CentralPanhandle #765835

Price change
$273,900
-1.79%

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

$108,616
Asking price
$273,000
Closing costs (~8% of asking)
-$21,840
Est. remaining loan balance
-$142,544
Cash to seller
$108,616

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

January 2021

Original loan amount

$157,563

Est. remaining balance

$142,544

Interest rate

2.71%

Loan type

VA, 30 year

Seller

Ronald J Mcclelland Jr and Amy J Mcclelland

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: Pending/Under Contract

Tomo last checked: 04/03/2025 at 7:00 AM

Listing updated: 03/27/2025 at 4:30 PM

Listed by: Haley R Mayer, Coldwell Banker Realty Phone #: (850) 234-6696

MLS: CentralPanhandle #765835

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