NOT LISTED FOR SALE

Sterling Reef Condominium 12011 Front Beach Rd Unit 1406B Panama City Beach, FL 32407

Estimated Value: $475,517 - $551,000

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

Last Sold November 29, 2021

Last sale price $440,000 $409 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,759/month

47 Days on Market

Highlights

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

About This Home

As of November 2021

Sellers say this unit will gross more than $40,000 this year!! Fabulous and furnished 2 bed, 2 bath condo in the highly desirable Sterling Reef complex. Enjoy panoramic Gulf views from the privacy of your living room, master bedroom and the balcony! This unit features an open floor plan with tile floors, granite countertops, owners closet, walk-in closets, and a stacked washer/dryer. Sterling Reef Condos features a gulf front pool, fitness center, elevators, a dedicated beach and a multi-level parking garage. You're also walking distance to many restaurants, Shipwreck Island Water Park, and a short drive to Pier Park and other shopping/dining destinations. Remember, life is good, but always better at the beach!! All info is approx and must be verified by the Buyers if important

Last Agent to Sell the Property

Scott Ingraham

Scott Ingraham Real Estate Group License #644654 Listed on: 08/26/2021

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

  • Oversized Parking

Interior Spaces

  • 1,076 Sq Ft Home
  • Furnished
  • Vaulted Ceiling
  • Window Treatments
  • Living Room
  • Tile Flooring

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Garden Bath

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Central Air
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Balcony
  • Property fronts gulf or ocean

Listing and Financial Details

  • Assessor Parcel Number 34809-610-090

Community Details

Overview

  • Association fees include ground keeping, insurance, master, recreational faclty, repairs/maintenance, sewer, water, cable TV, trash
  • Sterling Reef Subdivision

Amenities

  • 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: Sterling Reef is at the intersection of Alf Coleman Rd and Front Beach Rd on the gulf side.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 2005
  • Utilities Electric: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Stove/Oven Electric, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar, Ceiling Raised, Floor Tile, Furnished - All, Owner's Closet, Split Bedroom, Window Treatment All
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Interior:Split Bedroom: Yes
  • Interior:Furnished - All: Yes
  • Interior:Window Treatment All: 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: Oversized, See Remarks
  • General Property Info:Garage2: No
  • Parking Features:Oversized: Yes
  • Parking Features:See Remarks4: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Beach, Elevators, Exercise Room, Pool, TV Cable, Waterfront
  • Association #2 Fee: 527.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Insurance, Master Association, Recreational Faclty, Repairs/Maintenance, Sewer, Water, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 34809-610-090
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3308.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2021
Closed on
Nov 26, 2021
Sold by
Short Robert L and Green Curtis R
Bought by
Zinoviev Igor and Zinoviev Ilona
Seller's Agent
Scott Ingraham
Scott Ingraham Real Estate Group
List Price
$440,000
Sold Price
$440,000
Current Estimated Value
$501,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,422
Avg. Annual Appreciation
4.18%
Original Mortgage
$240,000
Outstanding Balance
$195,716
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$316,079

Purchase Details

Closed on
Apr 8, 2005
Sold by
Sterling Reef Development Group Llc
Bought by
Short Robert L and Green Curtis R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
7.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Zinoviev Igor $440,000 Cornerstone Title Agency Inc
Short Robert L $560,000 Fatco
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zinoviev Igor $240,000
Previous Owner Short Robert L $448,000
Closed Short Robert L $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2021 11/29/21 Sold $440,000 0.0% $409 / Sq Ft
10/12/2021 10/12/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $440,000 -- $409 / 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 $455,112 -- --
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

  • S

    Seller's Agent in 2021

    Scott Ingraham

    Scott Ingraham Real Estate Group

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About Sterling Reef Condominium

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 880362

Emerald Coast Association of REALTORS®

APN: 34809-610-090

Florida Bay County Panama City Beach 32407

12011 Front Beach Rd Unit 1406B, Panama City Beach, FL

This home is located at 12011 Front Beach Rd Unit 1406B, Panama City Beach, FL 32407 since 26 August 2021 and is currently estimated at $502,879, approximately $467 per square foot. This property was built in 2005. 12011 Front Beach Rd Unit 1406B is a home located in Bay County with nearby schools including J.R. Arnold High School, Hutchison Beach Elementary School, and Surfside Middle 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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