NOT LISTED FOR SALE

Estimated Value: $1,153,290

3 Beds
3 Baths
1,849 Sq Ft
2008 Built

Sale Details

Date Sold: January 15, 2025

Last sale price $1,160,000 $627 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $7,243 / mo

181 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Heated In Ground Pool
  • Property fronts gulf or ocean
  • 24-Hour Security
  • Gated Community

About This Home

As of January 2025

Welcome to Palazzo 401, a breathtaking condo that checks nearly every box for the discerning buyer. Located on the 4th floor, this beach retreat has unparalleled southern and eastern views of Panama City Beach's coastline, and an extremely spacious floorplan suitable for a large family or to accommodate for strong vacation rental income. Palazzo is one of the newer condos in Panama City Beach (2008), and since completion has always been regarded as one of the luxury products in Panama City Beach. Located on most popular west end of the beach, there is more peace and quiet at this location than other buildings running along the beach, while also being only a 15-minute drive to Rosemary Beach and the beaches of 30A. This beautiful property is equipped with 9-foot ceilings, floor to ceiling glass windows wrapping the living and dining areas, and master bedroom. Boasting a 220 sqft balcony, there is room for all guests to enjoy the crashing waves of the beautiful Emerald Coast. Currently configured to sleep 8-10 guest, the rental income has been solid for this unit, achieving over 65,000 in gross income in 2023, with 3 weeks of time being blocked off for repainting of the building and with several weeks of owner usage. Take a look at the projections of over 100k in the documents section! Sellers currently manage by-owner and will help the new owners with the transition to self-managing if so desired. With only 129 units, Palazzo is a lower density building compared to the other condos in PCB, and for this reason has always been a desirable location for private second-home owners, those looking for a vacation rental, and even for many primary residents. This property is in excellent condition, with new paint and some new furniture. It also comes with a deeded exterior storage closet large enough to store bikes, kayaks and paddle boards. There are many condos on the beach to choose from. Some of these condos are built more for strictly vacation rentals, and a few that built more for noon rental purposes. Here at Palazzo, you will get the best of both worlds! Come see this luxury masterpiece and you will see what has drawn buyers to these floorpans since it's conception!

Last Agent to Sell the Property

Daniel Walker

Compass Florida, LLC License #3249511 Listed on: 06/01/2024

Compass Florida, LLC

Last Buyer's Agent

Duran Group

Berkshire Hathaway HomeServices Beach Properties of Florida

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,311

Year Built

  • Built in 2008

Lot Details

  • Property fronts gulf or ocean

Property Views

Home Design

  • Entry on the 4th floor

Interior Spaces

  • Living Room
  • Electric Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Home Security

  • Security Gate
  • Smart Thermostat

Parking

  • 2 Covered Spaces
  • Electric Gate

Outdoor Features

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

Schools

  • West Bay Elementary School
  • Surfside Middle School
  • Arnold High School

Utilities

  • Heating Available
  • Electric Water Heater
  • High Speed Internet

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Community
  • Palazzo Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Elevator

Recreation

  • Beach
  • Community Spa

Security

  • 24-Hour Security
  • Card or Code Access
  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,311

Year Built

Built in 2008

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Lot Size: NA
  • Subdivision Name: Palazzo
  • Architectural Style: High Rise
  • Entry Level: 4
  • New Construction: No
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Electric Cooktop, Electric Range, Electric Water Heater
  • Interior Amenities: Smart Thermostat
  • Spa Features: Community
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Dining Room Type: Bedroom, Living Room, Primary Bedroom

Exterior Features

  • Pool Features: Electric Heat, In Ground, Community
  • View: Gulf, Lake
  • View: Yes
  • Waterfront Features: Gulf, Shoreline - Sand
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Parking Features: Electric Gate
  • Garage: No
  • Attached Garage: No

Utilities

  • Utilities: Electricity Available, High Speed Internet Available
  • Security Features: Fire Sprinkler System, Security Gate, 24 Hour Security, Key Card Entry, Fire Alarm
  • Heating: Electric
  • Green Building Features: Dumpster
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Beach, Clubhouse, Elevator, Fitness Center, Pool, Storage Facilities, Waterfront, Short Term Rental Allowed
  • Amenities: Beach Rights, Gated, Storage
  • Association: Yes

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Mobile Dim Units: Feet
  • Zoning Description: Resid Multi-Family

Multi Family

  • Number Of Units Furnished: All Units

Tax Info

  • Tax Annual Amount: 10311.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: West Bay
  • High School: Arnold

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2025
Sold by
Bought by
Current Estimated Value
$1,153,290

Purchase Details

Listed on
Jun 1, 2024
Closed on
Jan 14, 2025
Sold by
Bought by
Seller's Agent
Daniel Walker
Compass Florida, LLC
Buyer's Agent
Duran Group
Berkshire Hathaway HomeServices Beach Properties of Florida
List Price
$1,399,000
Sold Price
$1,160,000
Premium/Discount to List
-$239,000
-17.08%
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.38%
Original Mortgage
$860,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2021
Closed on
Mar 17, 2021
Sold by
Bought by
Seller's Agent
Daniel Walker Group
EXP Realty LLC
Buyer's Agent
Daniel Walker Group
EXP Realty LLC
List Price
$734,900
Sold Price
$734,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.62%
Original Mortgage
$584,900
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 27, 2014
Closed on
Mar 27, 2015
Sold by
Bought by
Seller's Agent
Jay Davis
Dassa Realty Llc
Buyer's Agent
Craig Baranowski
Keller Williams Realty Emerald
List Price
$625,000
Sold Price
$580,000
Premium/Discount to List
-$45,000
-7.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%
Original Mortgage
$406,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2008
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$100 None Listed On Document
$1,160,000 Beach Land And Title Services
$734,900 South Oak Title
$580,000 None Available
$520,000 Destin Land & Title Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $270,000
Previous Owner $860,000
Previous Owner $584,900
Previous Owner $406,000
Previous Owner $406,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2025 01/15/25 Sold $1,160,000 -9.0% $627 / Sq Ft
11/30/2024 11/30/24 Pending -- -- --
11/26/2024 11/26/24 Price Changed $1,274,900 -1.9% $690 / Sq Ft
10/21/2024 10/21/24 Price Changed $1,299,899 +0.1% $703 / Sq Ft
09/05/2024 09/05/24 Price Changed $1,299,000 -3.7% $703 / Sq Ft
08/14/2024 08/14/24 Price Changed $1,348,999 0.0% $730 / Sq Ft
06/13/2024 06/13/24 Price Changed $1,349,000 -3.6% $730 / Sq Ft
06/01/2024 06/01/24 For Sale $1,399,000 0.0% $757 / Sq Ft
06/20/2022 06/20/22 Off Market $3,700 -- --
06/20/2022 06/20/22 Off Market $734,900 -- --
06/20/2022 06/20/22 Off Market $580,000 -- --
03/15/2021 03/15/21 Sold $734,900 0.0% $397 / Sq Ft View Prior Sale
03/15/2021 03/15/21 For Sale $734,900 0.0% $397 / Sq Ft
03/12/2021 03/12/21 Sold $734,900 0.0% $397 / Sq Ft View Prior Sale
03/04/2021 03/04/21 Pending -- -- --
02/20/2021 02/20/21 Pending -- -- --
02/20/2021 02/20/21 For Sale $734,900 0.0% $397 / Sq Ft
01/15/2020 01/15/20 Rented $3,700 -5.1% --
10/22/2019 10/22/19 Under Contract -- -- --
09/25/2019 09/25/19 For Rent $3,900 0.0% --
03/27/2015 03/27/15 Sold $580,000 -7.2% $314 / Sq Ft View Prior Sale
01/26/2015 01/26/15 Pending -- -- --
10/31/2014 10/31/14 For Sale $625,000 -- $338 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $10,921 $807,107 $807,107
2024 $10,311 $831,401
2023 $10,311 $755,819 $0 $0
2022 $7,991 $687,108 $0 $687,108
2021 $7,426 $610,650 $0 $610,650
2020 $7,141 $599,611 $0 $0
2019 $5,913 $590,750 $0 $0
2018 $5,850 $516,947 $0 $0
2017 $5,319 $506,314 $0 $0
2016 $5,302 $495,900 $0 $0
2015 $5,904 $487,687 $0 $0
2014 $5,377 $443,352 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 757987

Central Panhandle Association of REALTORS®

APN: 40001-150-018

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