NOT LISTED FOR SALE

Sterling Reef Condominium 12011 Front Beach Rd Unit 1802B Panama City Beach, FL 32407

Estimated Value: $513,534 - $557,000

2 Beds
2 Baths
1,076 Sq Ft
$785/mo HOA Fee

Last Sold September 05, 2023

Last sale price $527,000 $490 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,130/month

3 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • In Ground Pool
  • J.R. Arnold High School Rated A-
  • Deeded access to the beach
  • 3-minute walk to County Pier

About This Home

As of September 2023

Location,location,location! Sterling Reef is a 22 story low density luxury Resort in a prime location on Panama City Beach.Walk out the front of the Resort and your within 3 minutes of great fishing at the County Pier next door or a quick walk down the street two blocks and your riding the water slides or relaxing in the lazy River at Shipwreck Island Water park on those double red flag days when the Gulf waters are closed. The Resort is also only 3.5 miles to Pier Park a for dining and fun for the whole crew or 5 miles east to St.Andrews State Park. This prime location also allows you to avoid the highly congested traffic areas during peak season. Unit 1802 offers enough space for the whole family to vacation in comfort and features a gulf front master bedroom and oversized balcony to take in the breathtaking views of the emerald gulf waters below.The master suite features a spacious master bath, large walk in closet and double sliders leading to the balcony. The guest suite is located in the front of the unit to allow for more privacy with a full second bathroom down the hall. The condo comes completely furnished and rental ready. A new HVAC system was installed in 2020 as well. Some of the Resort amenities include a seasonally heated 2 level pool ,a fitness center that offers views of the beach and a grilling area. there is plenty of parking in the parking garage as well. Don't miss your chance to own at Sterling Reef resort.

Last Agent to Sell the Property

Scott Stanford

Keller Williams Realty Emerald Coast License #SL3456673 Listed on: 08/01/2023

Keller Williams Realty Emerald Coast

Last Buyer's Agent

Monica Kubisz

Hitchcock Real Estate LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,161

Year Built

  • Built in 2005

Lot Details

  • Property fronts gulf or ocean
  • Property fronts a county road

HOA Fees

  • $785 Monthly HOA Fees

Parking

  • Secured Garage or Parking

Home Design

  • Pillar, Post or Pier Foundation

Interior Spaces

  • 1,076 Sq Ft Home
  • Furnished
  • Living Room
  • Stacked Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Accessible Home Design

  • Accessible Common Area
  • Accessible Hallway

Outdoor Features

  • In Ground Pool
  • Deeded access to the beach
  • Balcony

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

Overview

  • Association fees include cable TV, internet, legal/accounting, pest control, pool(s), trash, water
  • 126 Units
  • High-Rise Condominium
  • Sterling Reef Subdivision
  • 22-Story Property

Amenities

  • Community Barbecue Grill
  • Elevator

Recreation

  • Beach

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,161

Year Built

Built in 2005

Lot Details

0

HOA Fees

$785 per month

Listing Details

  • Property Type: Residential
  • Accessibility Features: Accessible Common Area, Accessible Hallway(s)
  • Year Built: 2005
  • Property Sub Type: Condominium
  • Road Frontage Type: County Road
  • Subdivision Name: Sterling Reef
  • Architectural Style: High Rise
  • Entry Level: 18
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Range, Electric Water Heater, Microwave
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1076.0
  • Dining Room Type: Bedroom, Living Room, Primary Bedroom
  • Stories: 22
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: In Ground, Community, Pool
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf, Shoreline - Sand
  • Waterfront: Yes
  • Exterior Features: Built-in Barbecue, Balcony, Pool
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Utilities: Cable Connected, Other
  • Security Features: Fire Sprinkler System, Secured Garage/Parking
  • Heating: Heat Pump
  • Laundry Features: Stacked
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 785.0
  • Community Features: Barbecue, Beach, Elevator, Other, See Remarks, Short Term Rental Allowed, Waterfront, Pool
  • Amenities: Beach Rights
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Cable TV, Internet, Legal/Accounting, Pest Control, Pool(s), Trash, Water

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units In Community: 126

Tax Info

  • Tax Annual Amount: 4161.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Hutchison Beach
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2024
Sold by
Daniels Alysse
Bought by
4Legacy Enterprises Llc
Current Estimated Value
$531,509

Purchase Details

Closed on
Apr 20, 2005
Sold by
Sterling Reef Development Group Llc
Bought by
Farnan Paul and Farnan Arlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,720
Interest Rate
5.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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List 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
4Legacy Enterprises Llc $100 None Listed On Document
Farnan Paul $275,900 Fatco
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farnan Paul $220,720
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2023 09/05/23 Sold $527,000 -2.2% $490 / Sq Ft
08/05/2023 08/05/23 Pending -- -- --
08/01/2023 08/01/23 For Sale $539,000 -- $501 / Sq Ft
Source: Central Panhandle 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 $5,220 $461,975 -- $461,975
2023 $5,220 $354,833 $0 $461,975
2022 $4,161 $322,575 $0 $0
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

  • Scott Stanford

    Seller's Agent in 2023

    Scott Stanford

    Keller Williams Realty Emerald Coast

    (850) 832-3775

    19 in this area

    42 Total Sales

    Section Image

  • M

    Buyer's Agent in 2023

    Monica Kubisz

    Hitchcock Real Estate LLC

    (850) 252-5756

    4 in this area

    13 Total Sales

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About Sterling Reef Condominium

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 744615

Central Panhandle Association of REALTORS®

APN: 34809-610-114

Florida Bay County Panama City Beach 32407

12011 Front Beach Rd Unit 1802B, Panama City Beach, FL

This home is located at 12011 Front Beach Rd Unit 1802B, Panama City Beach, FL 32407 since 01 August 2023 and is currently estimated at $529,884, approximately $492 per square foot. This property was built in 2005. 12011 Front Beach Rd Unit 1802B 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.

Central Panhandle Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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