NOT LISTED FOR SALE

Sterling Reef Condominium 12011 Front Beach Rd Unit 904 Panama City Beach, FL 32407

Estimated Value: $476,000 - $573,000

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

Last Sold July 27, 2023

Last sale price $540,000 $502 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,888/month

79 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Heated 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 July 2023

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Sterling Reef 904 is beautiful and one of the highest in demand across PCB and the Gulf Coast! Oceanfront Primary Suite w/ Spectacular sunsets! Spacious balcony with both east and west views! Excellent rental income potentially averaging between 45K and 60K! 1 King Bedroom, 1 Queen Bedroom plus Twin bed and Queen Sleeper Sofa. Exquisite interior spaces include an oceanfront primary suite w/ combo garden tub/shower and double vanity, guest room suite w/ tub/shower combo and single vanity, spacious kitchen w/ refrigerator, oven/range, microwave and washer/dryer. Sterling Reef is market strong, well appointed and in position to drive the highest ROI! Make this your permanent Dream Home or Investment Vacation Dream Home Today!

Last Agent to Sell the Property

Melissa Harris

MJH Real Estate Brokerage, LLC License #BK3329690 Listed on: 04/08/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,995

Year Built

  • Built in 2005

Lot Details

  • Property fronts gulf or ocean

HOA Fees

  • $677 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Additional Parking
  • Parking Lot

Home Design

  • Newly Painted Property
  • Steel Frame

Interior Spaces

  • 1,076 Sq Ft Home
  • Furnished
  • Living Room
  • Home Security System

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

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

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet

Community Details

Overview

  • Association fees include clubhouse, cable TV, internet, pest control, pool(s), sewer, security, trash, water
  • High-Rise Condominium
  • Sterling Reef Subdivision

Amenities

  • Community Barbecue Grill
  • Meeting Room
  • Elevator

Recreation

  • Beach

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,995

Year Built

Built in 2005

Lot Details

0

HOA Fees

$677 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Property Sub Type: Condominium
  • Road Frontage Type: City Street
  • Subdivision Name: Sterling Reef
  • Architectural Style: High Rise
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Interior Amenities: Breakfast Bar, Elevator, Kitchen Island, New Paint
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1076.0
  • Dining Room Type: Living Room, Primary Bedroom
  • ResoLivingAreaSource: Plans

Exterior Features

  • Pool Features: Electric Heat, In Ground, Community, Pool
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf, Shoreline - Sand, Waterfront
  • Waterfront: Yes
  • Construction Type: Concrete, Steel Frame
  • Exterior Features: Built-in Barbecue, Balcony, Pool
  • Patio And Porch Features: Balcony

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Additional Parking, Covered, Garage, Parking Lot
  • Garage: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, High Speed Internet Available, Other, Phone Connected, Sewer Connected, Trash Collection, Water Connected
  • Security Features: Fire Alarm, Fire Sprinkler System, Smoke Detector(s), Security System
  • Cooling: Central Air
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 677.0
  • Community Features: Barbecue, Beach, Conference/Meeting Room, Elevator, Fitness Center, 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: Clubhouse, Cable TV, Internet, Pest Control, Pool(s), Sewer, Security, Trash, Water

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Features: Waterfront
  • Zoning Description: City,Commercial,Resid Multi-Family

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Annual Amount: 3994.58
  • Tax Year: 2022

MLS Schools

  • Elementary School: Hutchison Beach
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2023
Closed on
Jul 27, 2023
Sold by
Lewis Terrence D
Bought by
Gulf Front Rentals Llc
Seller's Agent
Melissa Harris
MJH Real Estate Brokerage, LLC
List Price
$564,900
Sold Price
$540,000
Premium/Discount to List
-$24,900
-4.41%
Views
157
Current Estimated Value
$502,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,362
Avg. Annual Appreciation
-3.31%
Original Mortgage
$285,000
Outstanding Balance
$279,743
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$224,632

Purchase Details

Listed on
Jul 11, 2017
Closed on
Jul 28, 2017
Sold by
Miller David and Miller Kathy
Bought by
Lewis Terrence D
Seller's Agent
Joyce Iovino
Counts Real Estate Group Inc
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$279,500
Sold Price
$270,000
Premium/Discount to List
-$9,500
-3.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.25%

Purchase Details

Closed on
Jan 13, 2016
Sold by
Carswell John Edward and Carswell Deanna Hunt
Bought by
Miller David and Miller Kathy

Purchase Details

Closed on
Jun 8, 2007
Sold by
Wheeler Ronald R and Wheeler Barbara F
Bought by
Carswell John Edward and Carswell Deanna Hunt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,550
Interest Rate
6.1%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 14, 2005
Sold by
Wheeler Ronald R and Wheeler Barbara F
Bought by
Wheeler Ronald R and Wheeler Barbara F
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
Gulf Front Rentals Llc $540,000 Setco Services
Lewis Terrence D $270,000 Diamond Title Agency Inc
Miller David $245,000 Diamond Title Agency Inc
Carswell John Edward $337,000 Sterling Title & Escrow Serv
Wheeler Ronald R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gulf Front Rentals Llc $285,000
Previous Owner Carswell John Edward $50,550
Previous Owner Carswell John Edward $269,600
Previous Owner Carswell John E $50,550
Previous Owner Wheeler Ronald R $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2023 07/27/23 Sold $540,000 -1.5% $502 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
06/24/2023 06/24/23 Price Changed $548,000 -0.3% $509 / Sq Ft
06/05/2023 06/05/23 Price Changed $549,900 -0.9% $511 / Sq Ft
05/05/2023 05/05/23 Price Changed $554,900 -1.8% $516 / Sq Ft
04/08/2023 04/08/23 For Sale $564,900 +109.2% $525 / Sq Ft
06/20/2022 06/20/22 Off Market $270,000 -- --
07/28/2017 07/28/17 Sold $270,000 -3.4% $251 / Sq Ft
07/14/2017 07/14/17 Pending -- -- --
07/11/2017 07/11/17 For Sale $279,500 -- $260 / 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 $3,313 $276,250 $0 $276,250
2019 $2,989 $249,050 $0 $249,050
2018 $2,756 $223,550 $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

  • Melissa Harris

    Seller's Agent in 2023

    Melissa Harris

    MJH Real Estate Brokerage, LLC

    (770) 354-6442

    60 in this area

    66 Total Sales

    Section Image

  • J

    Seller's Agent in 2017

    Joyce Iovino

    Counts Real Estate Group Inc

  • N

    Buyer's Agent in 2017

    Non Member

    NON-MEMBER OFFICE

See All Agents

About Sterling Reef Condominium

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 739891

Central Panhandle Association of REALTORS®

APN: 34809-610-060

Florida Bay County Panama City Beach 32407

12011 Front Beach Rd Unit 904, Panama City Beach, FL

This home is located at 12011 Front Beach Rd Unit 904, Panama City Beach, FL 32407 since 08 April 2023 and is currently estimated at $511,288, approximately $475 per square foot. This property was built in 2005. 12011 Front Beach Rd Unit 904 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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