$449,900

Estimated payment $14,554/month

2 Beds
2 Baths
1,076 Sq Ft
$418 Price per Sq Ft

Highlights

  • Property fronts gulf or ocean
  • 1 Car Garage
  • High-Rise Condominium
  • J.R. Arnold High School Rated A-

About This Home

Penthouse Unit with Million-Dollar Views - Updated, Fully Furnished & Rental Ready! Welcome to this stunning Penthouse-Level 2-bedroom, 2-bath condo at highly sought-after Sterling Reef, offering panoramic, unobstructed west-facing views of the Gulf of Mexico, County Pier, and some of the most breathtaking sunsets on the coast. Sold fully furnished and rental ready, this beautifully updated unit is the perfect turnkey investment, second home, or full-time beach residence. From the moment you enter the large foyer, the space and quality of this home are immediately apparent. The open kitchen features granite countertops and flows seamlessly into the living area, where floor-to-ceiling glass draws your eye directly to the turquoise waters beyond the expansive 7' x 26.6' balcony. Wake up each morning to Gulf views from the master bedroom, complete with private balcony access and an upgraded en-suite master bathroom featuring an oversized, fully tiled walk-in shower. The spacious second bedroom is positioned at the front of the unit, along with the second full bath and a convenient laundry area. This penthouse-level condo boasts 9-ft ceilings, all-tile flooring (no carpet!), and a clean, coastal design ideal for low-maintenance living. Relax on your private balcony and enjoy endless views of soft quartz sand, sparkling water, and postcard-perfect sunsets. Sterling Reef is known as one of Panama City Beach's premier Gulf-front resorts, offering exceptional amenities including: Seasonally heated 5,000 sq.ft. bi-level pool with waterfall Fitness center overlooking the beach Owner's club/activity room with flat-screen TV Sky BBQ Terrace and covered dining area Under-building parking—no walking across the street Two new elevators and building repainted in 2022 The location is unbeatable—next to Shipwreck Island Water Park, just 3.5 miles to Pier Park, and only 17 miles to Northwest Florida Beaches International Airport. Penthouse views, updated interior, turnkey condition, and top-tier resort amenities—this Sterling Reef condo offers the complete package. Don't miss your chance to own one of the best units in the building!

Listing Agent

Rocky Wright

850 Real Estate Center License #3259809 Listed on: 11/22/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,465

Year Built

  • Built in 2005

Lot Details

  • Property fronts gulf or ocean

HOA Fees

  • $11,724 Monthly HOA Fees

Parking

  • 1 Car Garage

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

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

Community Details

  • Association fees include pool(s)
  • High-Rise Condominium
  • Sterling Reef Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,465

Year Built

Built in 2005

Lot Details

0

HOA Fees

$11,724 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Property Sub Type: Condominium
  • Lot Size: zero lot line
  • Subdivision Name: Sterling Reef
  • Architectural Style: High Rise
  • New Construction: No
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Dining Room Type: Bedroom, Primary Bedroom

Exterior Features

  • Waterfront Features: Gulf
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 1.0
  • Garage: Yes

Utilities

  • Utilities: Cable Connected

Condo/Co-op/Association

  • Association Fee: 11724.0
  • Community Features: Short Term Rental Allowed
  • Amenities: Barbecue
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Pool(s)

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Mobile Dim Units: Feet

Multi Family

  • Number Of Units Furnished: All Units

Tax Info

  • Tax Annual Amount: 5465.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Hutchison Beach
  • High School: Arnold

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $390,316 -- --
2023 $5,220 $354,833 $0 $461,975
2022 $4,161 $322,575 $0 $0
2021 $3,648 $293,250 $0 $293,250
2020 $3,329 $276,250 $0 $276,250
2019 $3,005 $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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2025 11/22/25 For Sale $449,900 -4.3% $418 / Sq Ft
06/21/2024 06/21/24 Sold $470,000 -14.5% $437 / Sq Ft View Prior Sale
06/13/2024 06/13/24 Pending -- -- --
03/15/2024 03/15/24 For Sale $549,500 0.0% $511 / Sq Ft
03/03/2024 03/03/24 Off Market $549,500 -- --
10/24/2023 10/24/23 For Sale $549,500 -- $511 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $470,000 Setco Services
Warranty Deed $274,000 Diamond Title Agency Inc
Warranty Deed $358,000 Emerald Coast Title Services
Condominium Deed $279,900 Fatco
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $219,200 Commercial
Previous Owner $286,400 New Conventional
Previous Owner $223,920 New Conventional
Closed $27,990 No Value Available
Source: Public Records

Source: Central Panhandle Association of REALTORS®

MLS Number: 781997

Central Panhandle Association of REALTORS®

APN: 34809-610-125