UNDER CONTRACT
$20K PRICE DROP
Edgewater Beach Resort Tower I & II 11619 Front Beach Rd Unit 802 Panama City Beach, FL 32407
Estimated payment $5,943/month
Total Views
1,122
2
Beds
2
Baths
1,366
Sq Ft
$482
Price per Sq Ft
Highlights
- Beach
- Golf Course Community
- Deeded access to the beach
- J.R. Arnold High School Rated A-
- Property fronts gulf or ocean
- 24-Hour Security
About This Home
UNDER CONTRACT WITH CONTINGENCIES; SELLER ACCEPTING BACKUP OFFERS.Seaside Sanctuary is a haven for beach lovers and serves as an opportunity to earn MASSIVE RENTAL INCOME. This condo has ACTUAL ANNUAL INCOME IN EXCESS OF $85,000 PER YEAR AND HAS EVEN GROSSED AS MUCH AS $99,000 RECENTLY.The fully automated, custom built website conveys with the property and does everything from booking to billing. You will get the owner's 5 star reviews and a ready made business, so your dream home can start paying for itself as soon as it closes escrow! This remodeled condo is located in the world-renowned Edgewater Beach Resort and is housed in the highly coveted 2 stack of tower 2 which provides completely, unobstructed west facing views. Its panoramic windows, optimal angle, and ideal floor level provide unparalleled vistas for as far as the eyes can see. The owner has meticulously maintained this condo and professionally decorated it with premium furnishings for the most discerning buyers and guests. It's being offered fully furnished and appointed for your convenience. This two bedroom / two bathroom, 1366 square foot floor plan, currently sleeps 7 but is licensed for up to 10 guests. The open concept living area can comfortably accommodate even more if entertaining is your passion. A soft and serene neutral palate of color surrounds guests with tranquility and peace. Lovingly maintained by the current owner, significant investment has been made to provide a new owner with a turnkey opportunity to make instant income from Day 1.As the only full service property in Panama City Beach, Edgewater Beach Resort sells itself. Own here and enjoy tropical pools, hot tubs, sun decks and a gulf-front bar and grill. Room service is available and there is a gulf-side bar, pizza shop, full service restaurant, and a market. For the athlete in the family, the Sports Club offers unlimited golf, pro-shop, gym, tennis, basketball, shuffleboard, and even pickleball. Enjoy a day at the beach, the kids Splash Pad, or even a ''dive-in'' movie. There is ample parking for water craft, RV's, trailers, and EV charging stations onsite too. Make an appointment today and prepare to be enamored by panoramic views, quality finishes, and luxurious living.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,547
Year Built
- Built in 1985
Lot Details
HOA Fees
- $1,792 Monthly HOA Fees
Interior Spaces
- 1,366 Sq Ft Home
- Furnished
- Living Room
- Dining Room
Kitchen
- Breakfast Bar
- Electric Oven
- Electric Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- In Ground Pool
- Deeded access to the beach
- 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), recreation facilities, security, tennis courts, trash, water
- High-Rise Condominium
- Edgewater Tower Ii Subdivision
Amenities
- Meeting Room
- Elevator
Recreation
- Beach
- Golf Course Community
- Community Basketball Court
- Community Spa
Security
- 24-Hour Security
Map
About Edgewater Beach Resort Tower I & II
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Home Values in the Area
Average Home Value in this Area
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 | $5,547 | $393,144 | -- | -- |
| 2023 | $5,547 | $357,404 | $0 | $510,000 |
| 2022 | $4,376 | $324,913 | $0 | $0 |
| 2021 | $3,697 | $295,375 | $0 | $295,375 |
| 2020 | $3,585 | $295,375 | $0 | $295,375 |
| 2019 | $3,396 | $280,500 | $0 | $280,500 |
| 2018 | $3,355 | $273,020 | $0 | $0 |
| 2017 | $2,838 | $248,200 | $0 | $0 |
| 2016 | $3,002 | $259,250 | $0 | $0 |
| 2015 | $2,844 | $238,000 | $0 | $0 |
| 2014 | $2,615 | $218,958 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/04/2025 04/04/25 | Price Changed | $659,000 | -2.9% | $482 / Sq Ft |
| 02/08/2025 02/08/25 | For Sale | $679,000 | +83.5% | $497 / Sq Ft |
| 06/20/2022 06/20/22 | Off Market | $370,000 | -- | -- |
| 08/23/2019 08/23/19 | Sold | $370,000 | -3.9% | $271 / Sq Ft |
| 07/31/2019 07/31/19 | Pending | -- | -- | -- |
| 06/04/2019 06/04/19 | For Sale | $385,000 | -- | $282 / Sq Ft |
Source: Central Panhandle Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | -- | |
| Warranty Deed | $370,000 | Attorney | |
| Interfamily Deed Transfer | -- | Lanco Title & Escrow |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $230,000 | New Conventional |
Source: Public Records
Similar Homes in Panama City Beach, FL
Source: Central Panhandle Association of REALTORS®
MLS Number: 768516
APN: 34800-286-000
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