NOT LISTED FOR SALE

The Commodore Condominiums 4715 Thomas Dr Unit 507 Floor 1 Panama City, FL 32408

Lower Grand Lagoon Area

Estimated Value: $450,280

2 Beds
2 Baths
1,056 Sq Ft
1985 Built

Sale Details

Date Sold: November 4, 2024

Last sale price $465,000 $440 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,901 / mo

128 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • In Ground Pool
  • Patronis Elementary School Rated A-
  • Deeded access to the beach
  • Elevator

About This Home

As of November 2024

SELLER FINANCING available. This condo has received upgrades that enhance its appeal—a new sliding door to the balcony in the living room and freshly installed kitchen cabinets and quartz countertops in the kitchen. Past success as a short-term rental adds to its allure.
Special assessments are already taken care of by the seller, and HOA dues have recently been reduced. You'll also have peace of mind with a favorable ''good'' milestone inspection report. To sweeten the deal, the owner is open to SELLER FINANCING, offering you more flexibility in securing this gem. Nestled near St. Andrews State Park, this condo not only offers stunning Gulf views but also easy access to outdoor adventures. Whether you're seeking your personal retreat or a savvy investment, envision customizing this space to your taste and enjoying breathtaking sunsets from your own haven. Don't miss out on the opportunity to embrace beachfront living with confidence. Your dream condo is here, waiting for you!

Last Agent to Sell the Property

Maggie Fowler

Lifes A Beach Real Estate, LLC License #3549482 Listed on: 07/18/2024

Co-Listed By

Elwood Junot

Lifes A Beach Real Estate, LLC License #3047657

Last Buyer's Agent

Ann Hayward

Coastal Choice Realty LLC License #BK3412655

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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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,116

Year Built

  • Built in 1985

Lot Details

Home Design

  • Entry on the 1st floor
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Paved Parking
  • Parking Lot

Outdoor Features

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

Schools

  • Patronis Elementary School
  • Surfside Middle School
  • Arnold High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

Overview

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

Recreation

  • Beach
  • Community Pool

Additional Features

  • Elevator
  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,116

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 1985
  • Property Sub Type: Condominium
  • Co List Office Mls Id: BERR
  • Co List Office Phone: 850-249-9111
  • Subdivision Name: The Commodore
  • Architectural Style: High Rise
  • Entry Level: 1
  • New Construction: No
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Dining Room Type: Bedroom, Primary Bedroom

Exterior Features

  • Pool Features: In Ground, Community, Pool
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Stucco
  • Patio And Porch Features: Balcony
  • Roof: Flat

Garage/Parking

  • Parking Features: Paved, Parking Lot
  • Garage: No
  • Attached Garage: No

Utilities

  • Utilities: Water Connected
  • Security Features: Security Guard, Security Service
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Beach, Elevator, Pool, Waterfront, Short Term Rental Allowed
  • Amenities: Other, See Remarks, Beach Rights
  • Association: Yes

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Mobile Dim Units: Feet
  • Zoning Description: Resort

Multi Family

  • Number Of Units Furnished: All Units

Tax Info

  • Tax Annual Amount: 4116.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Patronis
  • 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

Listed on
Jul 18, 2024
Closed on
Nov 1, 2024
Sold by
Merrill And Jean Woodfin Family Lp
Bought by
Seller's Agent
Maggie Fowler
Lifes A Beach Real Estate, LLC
Buyer's Agent
Ann Hayward
Coastal Choice Realty LLC
List Price
$489,500
Sold Price
$465,000
Premium/Discount to List
-$24,500
-5.01%
Views
55
Current Estimated Value
$450,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,720
Avg. Annual Appreciation
-1.70%
Original Mortgage
$385,000
Outstanding Balance
$263,306
Interest Rate
6.08%
Mortgage Type
Balloon
Estimated Equity
$186,974

Purchase Details

Closed on
Nov 28, 2012
Sold by
Woodfin Merrill J
Bought by
Merrill & Jean Woodfin Family Lp
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Panama City, FL

  • Sandra Sharpe Real Estate Agent - Coldwell Banker Realty

    Sandra Sharpe

    Coldwell Banker Realty

    (850) 904-4434

    61 Total Sales

    1 in Lower Grand Lagoon

    $245,514 Price

    Sandra Sharpe
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  • Lars Rygaard Real Estate Agent - World Impact Real Estate

    Lars Rygaard

    World Impact Real Estate

    (850) 299-0140

    35 Total Sales

    1 in Lower Grand Lagoon

    $900,000 Price

    Lars Rygaard
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  • Paula Reyes Real Estate Agent - Bright Realty Solutions

    Paula Reyes

    Bright Realty Solutions

    (850) 818-9384

    6 Total Sales

    4 in Lower Grand Lagoon

    $405K - $550K Price Range

    Paula Reyes
     Section Image
  • Trina Causley Real Estate Agent - Coldwell Banker Realty

    Trina Causley

    Coldwell Banker Realty

    (334) 697-8178

    10 Total Sales

    6 in Lower Grand Lagoon

    $405K - $2.5M Price Range

    Trina Causley
     Section Image
  • Shantel Peterson Real Estate Agent - Real Broker LLC

    Shantel Peterson

    Real Broker LLC

    (850) 533-8778

    19 Total Sales

    1 in Lower Grand Lagoon

    $362,500 Price

    Shantel Peterson
     Section Image
  • Jennifer Bond Real Estate Agent - Compass Florida, LLC

    Jennifer Bond

    Compass Florida, LLC

    (850) 818-8307

    48 Total Sales

    4 in Lower Grand Lagoon

    $285K - $2.9M Price Range

    Jennifer Bond
     Section Image
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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
$465,000 Mti Title
Merrill & Jean Woodfin Family Lp -- Attorney
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 $385,000
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
11/04/2024 11/04/24 Sold $465,000 -5.0% $440 / Sq Ft
09/03/2024 09/03/24 Pending -- -- --
04/27/2024 04/27/24 For Sale $489,500 -- $464 / 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 $4,309 $395,250 $395,250
2024 $4,116 $295,446
2023 $4,116 $268,587 $0 $399,500
2022 $3,247 $244,170 $0 $0
2021 $2,837 $221,973 $0 $0
2020 $2,495 $201,794 $0 $201,794
2019 $2,526 $201,794 $0 $201,794
2018 $2,699 $212,415 $0 $0
2017 $2,504 $195,500 $0 $0
2016 $2,550 $195,500 $0 $0
2015 $2,563 $191,136 $0 $0
2014 $2,490 $185,855 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • MF

    Seller's Agent in 2024

    Maggie Fowler

    Lifes A Beach Real Estate, LLC

    (812) 698-0782

    15 Total Sales

    Maggie Fowler
    Section Image
  • Elwood Junot Real Estate Agent - Lifes A Beach Real Estate, LLC

    Seller Co-Listing Agent in 2024

    Elwood Junot

    Lifes A Beach Real Estate, LLC

    (972) 415-2502

    94 Total Sales

    Elwood Junot
    Section Image
  • Ann Hayward Real Estate Agent - Coastal Choice Realty LLC

    Buyer's Agent in 2024

    Ann Hayward

    Coastal Choice Realty LLC

    (850) 630-5325

    44 Total Sales

    Ann Hayward
    Section Image
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About The Commodore Condominiums

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 756271

Central Panhandle Association of REALTORS®

APN: 31430-547-000

Florida Bay County Panama City 32408

4715 Thomas Dr Unit 507, Panama City, FL

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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