$824,900
$24K PRICE DROP

Estimated payment $7,041/month

Total Views 1,028
3 Beds
3 Baths
1,766 Sq Ft
$467 Price per Sq Ft

Highlights

  • Beach
  • Golf Course Community
  • 24-Hour Security
  • J.R. Arnold High School Rated A-
  • Property fronts gulf or ocean
  • In Ground Pool

About This Home

PREMIER GULF-FRONT PENTHOUSE in Panama City Beach's ONLY Full-Service Resort! Discover the ultimate luxury beachfront living in this rare 3-bed, 3-bath, two-story penthouse at Edgewater Beach Resort--Panama City Beach's ONLY full-service resort. Offering unmatched amenities and an exceptional rental history, this premier penthouse is a one-of-a-kind investment opportunity. From the moment you enter, you're greeted by breathtaking, panoramic views of the Gulf through floor-to-ceiling windows in the dining room, living room, and upstairs bedroom. The expansive open floor plan ensures you enjoy the beauty of the coastline from every angle. Spanning 1,766 sq. ft. on the main level, plus an additional 400 sq. ft. upstairs bedroom with a 20x30 private rooftop terrace, this unit is perfect for luxury coastal living. The recently renovated kitchen features granite countertops, a spacious peninsula, white cabinetry, and stainless steel appliances. Each of the three bedrooms has its own private ensuite bath, offering comfort and convenience for owners and guests alike. The primary suite features a king bed, walk-in closet, and a spa-like walk-in shower. The second bedroom on the main level includes two twin beds, two closets, and a tub/shower combo. The upstairs penthouse suite boasts a queen bed, updated ensuite bath, dry bar with plumbing access, mini-fridge, and private access to the rooftop sun deck, perfect for soaking in the unrivaled Gulf views.This unit is fully updated with LVP flooring throughout, new sliding glass doors, two owner's closets, an exterior storage closet, and a wet bar with plumbing access. The HVAC system (2 years old) and private upstairs A/C unit (1 year old) ensure year-round comfort. The washer/dryer has its own dedicated space for added convenience.Premier Investment Opportunity - Annual Revenue This penthouse has generated up to $80K in annual rental income, with no nightly rates below $200 and a 4-night minimum stay. A loyal snowbird guest has booked for the past 4 years and would love to continue with the new owner. Currently managed by Southern Vacation Rentals, this unit is an established rental performer with high demand year-round. Unmatched Resort Amenities - The Best in Panama City Beach Edgewater Beach Resort is THE premier destination in Panama City Beach, offering the most extensive luxury amenities of any property on the Emerald Coast: 11 resort-style pools, including the iconic lagoon pool with waterfalls, HOA-owned private beach access with new pool cabanas, On-site fine dining at Oceans Bar & Grill & poolside bars, 9-hole golf course with pro shop & free annual cabana rental for owners, State-of-the-art fitness center, basketball & tennis courts, Expanding pickleball courts (3 now, growing to 12), On-site Starbucks market, retail shops, and ice cream parlor, Arcade, convenience market, and full-service spa, Electric car charging station & trailer parking inside the gated resortExclusive Owner Perks: 20% discounts at all Edgewater restaurants & shops (extendable to family members), Complimentary beach chair rental annually, Owners can pass discounts to parents, grandparents, and childrenPrime Location in the Heart of Panama City Beach Situated in the most desirable location, Edgewater Beach Resort is steps away from Edgewater Shoppes, featuring:Fine dining, bowling, arcade, axe throwing, escape rooms & more, Salons, spas, golf cart & car rentals, Nearby access to charter fishing, kayak & pontoon rentals, dolphin tours, & top-rated attractions, Close proximity to Publix, Walmart, and more conveniencesThis one-of-a-kind penthouse is the perfect blend of luxury, investment potential, and unbeatable amenities. If you're looking for a high-performing rental, an upscale beachfront getaway, or both--THIS IS IT!

Listing Agent

Beth Mulvey

Beach House Sales and Development License #B5482 E27277 Listed on: 07/25/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,937

Year Built

  • Built in 1985

Lot Details

HOA Fees

  • $2,068 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 12th floor
  • Slab Foundation

Interior Spaces

  • 1,766 Sq Ft Home
  • Furnished
  • Living Room
  • Dining Room
  • Loft

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Dishwasher

Flooring

  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Balcony

Schools

  • Hutchison Beach Elementary School
  • Surfside Middle School
  • Arnold High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

Overview

  • Association fees include management, cable TV, insurance, internet, legal/accounting, ground maintenance, pest control, pool(s), sewer, security, trash, water
  • High-Rise Condominium
  • Edgewater Tower II Subdivision

Amenities

  • Business Center
  • Meeting Room
  • Elevator

Recreation

  • Beach
  • Golf Course Community
  • Community Spa

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,937

Year Built

Built in 1985

Lot Details

0

HOA Fees

$2,068 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1985
  • Property Sub Type: Condominium
  • Subdivision Name: Edgewater Tower II
  • Architectural Style: High Rise
  • Entry Level: 12
  • New Construction: No
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Washer
  • Interior Amenities: Breakfast Bar, Loft
  • Spa Features: Community
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Tile, Vinyl
  • Living Area: 1766.0
  • Dining Room Type: Bedroom, Dining Room, Kitchen, Loft, Living Room, Primary Bedroom

Exterior Features

  • Pool Features: Pool, Community
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Concrete
  • Exterior Features: Balcony
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: Parking Lot
  • Garage: No

Utilities

  • Security Features: Gated with Guard, 24 Hour Security, Security Service
  • Cooling: Central Air
  • Heating: Central
  • Green Building Features: Dumpster
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association Fee: 6203.0
  • Community Features: Beach, Business Center, Conference/Meeting Room, Elevator, Fitness Center, Golf, Gated, Short Term Rental Allowed, Tennis Court(s), Waterfront, Pool
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Sewer, Security, Trash, Water

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Annual Amount: 6937.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Hutchison Beach
  • High School: Arnold

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,367 $531,250 -- $531,250
2023 $8,367 $637,758 $0 $697,000
2022 $6,576 $579,780 $0 $579,780
2021 $4,476 $361,250 $0 $361,250
2020 $4,235 $361,250 $0 $361,250
2019 $3,782 $317,730 $0 $317,730
2018 $3,489 $283,688 $0 $0
2017 $3,153 $276,250 $0 $0
2016 $3,284 $271,069 $0 $0
2015 $3,100 $246,426 $0 $0
2014 $2,675 $224,024 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2025 08/20/25 Price Changed $824,900 -2.8% $467 / Sq Ft
07/25/2025 07/25/25 For Sale $849,000 -- $481 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $750,000 Diamond Title Agency Inc
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Attorney
Warranty Deed $565,000 Diamond Title Agency Inc
Source: Public Records

Source: Central Panhandle Association of REALTORS®

MLS Number: 776730

Central Panhandle Association of REALTORS®

APN: 34800-338-000