NOT LISTED FOR SALE

Sterling Reef Condominium 12011 Front Beach Rd Unit 1102B Panama City Beach, FL 32407

Estimated Value: $477,704 - $548,000

2 Beds
2 Baths
1,076 Sq Ft
$527/mo HOA Fee

Last Sold April 20, 2021

Last sale price $340,000 $316 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,744/month

13 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Community Pool
  • J.R. Arnold High School Rated A-
  • Main Floor Primary Bedroom
  • 3-minute walk to County Pier

About This Home

As of April 2021

Fully furnished 2 bed, 2 bath condo at the desirable Sterling Reef complex. Enjoy Gulf views from the privacy of your living room and bedroom. Immerse yourself in the warmth of the Florida sun on your private balcony and bask in the up-close Gulf views. This unit features an open living room, dining area and kitchen floorplan, creating a grand spot to host family and friends. The kitchen features an island with a built-in sink, dishwasher and cabinets. The kitchen also has white appliances and a breakfast bar. The master bedroom is spacious and features sliding glass doors leading to the balcony. The master bedroom boasts a private ensuite with a shower/tub combo and a lock out closet. There is also a guest bedroom with a full guest bath also with a shower/tub combo. Sterling Reef Condos features a pool, hot tub, exercise room and more. This complex is just minutes away from Pier Park, Shipwreck Island and local Gulf front restaurants for plenty of family friendly atmospheres.

Last Agent to Sell the Property

Carrie Routt

Keller Williams Success Realty License #3065579 Listed on: 02/03/2021

Keller Williams Success Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,308

Year Built

  • Built in 2005

Lot Details

  • 131

HOA Fees

  • $527 Monthly HOA Fees

Parking

  • Detached Garage

Interior Spaces

  • 1,076 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Area

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Microwave
  • Kitchen Island

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Schools

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

Additional Features

  • Balcony
  • Property fronts gulf or ocean
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 34809-610-072

Community Details

Overview

  • Association fees include accounting, land recreation
  • Sterling Reef Subdivision

Amenities

  • Community Barbecue Grill
  • Elevator

Recreation

  • Beach

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,308

Year Built

Built in 2005

Lot Details

0

HOA Fees

$527 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: STERLING REEF
  • Directions: Keep Right heading West on Hwy 98, take a Left onto Al Coleman Rd, Left onto Front Beach Rd, the complex will be on the Right
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 2005
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Dining Area: Yes
  • Special Features: 12

Interior Features

  • Appliances: Microwave, Refrigerator, Stove/Oven Electric
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar, Floor Tile, Floor WW Carpet, Kitchen Island
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Kitchen Island: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Exterior Features: Balcony
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Balcony: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage, Garage Detached
  • General Property Info:Garage2: Yes
  • Parking Features:Garage3: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Utilities: Electric, Public Sewer, Public Water

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Elevators, Exercise Room, Pool
  • Association #2 Fee: 527.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Land Recreation

Schools

  • Elementary School: Hutchinson Beach
  • High School: Arnold
  • Middle Or Junior School: Surfside

Lot Info

  • Parcel #: 34809-610-072
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3308.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2024
Sold by
Patil Sandeep T and Patil Jyoti S
Bought by
Zenwave Ventures Llc
Current Estimated Value
$509,426

Purchase Details

Closed on
Dec 1, 2023
Sold by
Faulk Charles Robert and Faulk Mandy Renee
Bought by
Patil Sandeep Trimbakrao and Patil Jyoti Sandeep

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2023
Sold by
Hope Terra
Bought by
Faulk Charles Robert and Faulk Mandy Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,600
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 3, 2021
Closed on
Apr 20, 2021
Sold by
Sanborn Delbert W and Sanborn Joan T
Bought by
Hope Terra
Seller's Agent
Carrie Routt
Keller Williams Success Realty
Buyer's Agent
Carrie Routt
Keller Williams Success Realty
List Price
$340,000
Sold Price
$340,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.72%
Original Mortgage
$238,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2005
Sold by
Sterling Reef Development Group Llc
Bought by
Sanborn Delbert W and Sanborn Joan T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,200
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zenwave Ventures Llc $100 None Listed On Document
Zenwave Ventures Llc $100 None Listed On Document
Patil Sandeep Trimbakrao $515,000 Scenic Title
Faulk Charles Robert $529,500 Scenic Title Llc
Hope Terra $340,000 Setco Services Llc
Sanborn Delbert W $529,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patil Sandeep Trimbakrao $386,250
Previous Owner Faulk Charles Robert $423,600
Previous Owner Hope Terra $238,000
Previous Owner Sanborn Delbert W $423,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2023 04/30/23 Off Market $340,000 -- --
04/20/2021 04/20/21 Sold $340,000 0.0% $316 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
02/03/2021 02/03/21 For Sale $340,000 -- $316 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

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 $5,553 $461,975 -- $461,975
2023 $5,553 $413,738 $0 $461,975
2022 $4,412 $376,125 $0 $376,125
2021 $3,648 $293,250 $0 $293,250
2020 $3,308 $276,250 $0 $276,250
2019 $2,985 $249,050 $0 $249,050
2018 $2,752 $222,717 $0 $0
2017 $2,312 $202,470 $0 $0
2016 $2,357 $201,607 $0 $0
2015 $2,311 $183,279 $0 $0
2014 $2,091 $166,617 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Carrie Routt

    Keller Williams Success Realty

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About Sterling Reef Condominium

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 863842

Emerald Coast Association of REALTORS®

APN: 34809-610-072

Florida Bay County Panama City Beach 32407

12011 Front Beach Rd Unit 1102B, Panama City Beach, FL

This home is located at 12011 Front Beach Rd Unit 1102B, Panama City Beach, FL 32407 since 03 February 2021 and is currently estimated at $509,426, approximately $473 per square foot. This property was built in 2005. 12011 Front Beach Rd Unit 1102B is a home located in Bay County with nearby schools including J.R. Arnold High School, Surfside Middle School, and Hutchison Beach Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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