NOT LISTED FOR SALE

Sterling Reef Condominium 12011 Front Beach Rd Unit 1205B Panama City Beach, FL 32407

Estimated Value: $479,356 - $539,000

2 Beds
2 Baths
1,076 Sq Ft
$677/mo HOA Fee

Last Sold March 24, 2023

Last sale price $545,000 $507 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,880/month

5 Days on Market

Highlights

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

About This Home

As of March 2023

Sensational Gulf-Front Condo with Excellent Gross Rental Income! Located in the amenity-rich community of Sterling Reef Condominiums, this 2BR/2BA, 1,076sqft property dazzles with an entertainment-ready floorplan, faux wood floors, an open concept kitchen w/granite counters, floor-to-ceiling windows, a GULF FRONT MASTER and a living room with sliding glass doors to the gulf-front balcony boasting intoxicating views. Upgrades galore! Both bedrooms are generously sized, while the primary bedroom also has a gulf-front balcony and en suite. This 12th floor condo provides a tremendous cashflow opportunity. Other complex features: bilevel heated community pool, direct beach access, gym & 4th level terrace w/BBQ area. Plus walking distance to County Pier!

Last Agent to Sell the Property

Marcy O'Donnell

Luxe Coastal Realty License #3417794 Listed on: 03/02/2023

Last Buyer's Agent

Mark Hiller

EXP Realty LLC License #no data

EXP Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,412

Year Built

  • Built in 2005

Lot Details

  • 131

HOA Fees

  • $677 Monthly HOA Fees

Interior Spaces

  • 1,076 Sq Ft Home
  • Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Utilities

  • Central Air
  • Electric Water Heater

Additional Features

  • Balcony
  • Property fronts gulf or ocean

Listing and Financial Details

  • Assessor Parcel Number 34809-610-082

Community Details

Overview

  • Association fees include master, sewer, water, cable TV, trash
  • Sterling Reef Subdivision

Amenities

  • Game Room
  • Recreation Room
  • Elevator

Recreation

  • Beach

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,412

Year Built

Built in 2005

Lot Details

0

HOA Fees

$677 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: STERLING REEF
  • Directions: From Hwy 79, take Front Beach Rd east to just past the county pier. Building is on the right.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 2005
  • Utilities Electric: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2

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

  • General Property Info:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Electric

Condo/Co-op/Association

  • Community Features: Beach, Community Room, Dumpster, Elevators, Exercise Room, Game Room, Pool, Waterfront
  • Association #2 Fee: 677.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Master Association, Sewer, Water, Cable TV, Trash

Schools

  • Elementary School: Breakfast Point
  • High School: Arnold
  • Middle Or Junior School: Breakfast Point

Lot Info

  • Parcel #: 34809-610-082
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4412.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2023
Closed on
Mar 24, 2023
Sold by
Castillo Ricardo
Bought by
Gautreaux Lance
Seller's Agent
Marcy O'Donnell
Luxe Coastal Realty
Buyer's Agent
Mark Hiller
EXP Realty LLC
List Price
$560,000
Sold Price
$545,000
Premium/Discount to List
-$15,000
-2.68%
Views
31
Current Estimated Value
$506,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,161
Avg. Annual Appreciation
-2.91%

Purchase Details

Closed on
Mar 10, 2021
Sold by
1205 Development Llc
Bought by
Castillo Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,600
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2008
Sold by
Wells Fargo
Bought by
Giles Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2005
Sold by
Sterling Reef Development Group Llc
Bought by
1205 Development Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gautreaux Lance $545,000 Florida Legacy Title
Castillo Ricardo $364,000 Attorney
Giles Lisa $250,000 Multiple
1205 Development Llc $269,900 Fatco
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castillo Ricardo $327,600
Previous Owner Giles Lisa $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $545,000 -2.7% $507 / Sq Ft
03/07/2023 03/07/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $560,000 -- $520 / 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 $461,975 $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

  • Marcy O'Donnell

    Seller's Agent in 2023

    Marcy O'Donnell

    Luxe Coastal Realty

    (848) 220-5555

    27 in this area

    60 Total Sales

    Marcy O'Donnell
    Section Image
  • Mark Hiller

    Buyer's Agent in 2023

    Mark Hiller

    EXP Realty LLC

    (850) 749-5350

    8 in this area

    904 Total Sales

    Mark Hiller
    Section Image
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About Sterling Reef Condominium

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 918134

Emerald Coast Association of REALTORS®

APN: 34809-610-082

Florida Bay County Panama City Beach 32407

12011 Front Beach Rd Unit 1205B, Panama City Beach, FL

This home is located at 12011 Front Beach Rd Unit 1205B, Panama City Beach, FL 32407 since 02 March 2023 and is currently estimated at $506,839, approximately $471 per square foot. This property was built in 2005. 12011 Front Beach Rd Unit 1205B is a home located in Bay County with nearby schools including J.R. Arnold High School, Surfside Middle School, and Hutchison Beach Elementary School.

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