NOT LISTED FOR SALE

5109 Beach Dr Panama City, FL 32408

Estimated Value: $575,000 - $631,973

4 Beds
2.5 Baths
1,983 Sq Ft
$308/Sq Ft Est. Value

Last Sold November 17, 2023

Last sale price $580,000 $292 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,475/month

54 Days on Market

Highlights

  • Gulf View
  • Coastal Architecture
  • No HOA
  • Patronis Elementary School Rated A-
  • Newly Painted Property
  • Balcony

About This Home

As of November 2023

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS **SHORT-TERM RENTAL CLOSE TO THE BEACH** Walk to Schooner's and the beach from this 4BR/2.5BA beach home on the far east end of Panama City Beach. Offered fully-furnished and ready to rent or enjoy, this wonderful home features a large, private backyard with PLENTY of room for a potential pool. This coastal retreat is just steps from the area's famous sugar-white sands and the Gulf, but the gate on the back fence makes it that much easier to get to the beach. Inside, the kitchen, dining and main living space are on the ground floor. On the second floor you will find two bedrooms, the laundry room and one of the full bathrooms and on the third floor you will discover two more bedrooms and another full bathroom. Enjoy the balmy gulf breeze and beautiful views from the nice balconies on the second and third levels or walk up to the viewing deck above the third floor for really fantastic views of the lagoon and beach. It is an awesome place to watch the fireworks around the 4th of July holiday! Updates include a new roof in 2019 and some recent interior and exterior painting. Make it a point to see this amazing beach home today!

Last Agent to Sell the Property

Duran Group

Berkshire Hathaway HomeServices Beach Properties of Florida Listed on: 08/21/2023

Last Buyer's Agent

Ida Hargaray

Coldwell Banker Realty License #BK3147204

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,750

Year Built

  • Built in 2005

Lot Details

  • 4,070 Sq Ft Lot
  • Lot Dimensions are 37x110
  • Property fronts a county road
  • Fenced
  • Zoning described as County

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Coastal Architecture
  • Newly Painted Property
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,983 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Gulf Views

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Treasure Island Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,750

Year Built

Built in 2005

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Property Sub Type: Detached
  • Lot Size Acres: 0.09
  • Lot Size: 37x110
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: Treasure Island
  • Architectural Style: Coastal
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Interior Amenities: Breakfast Bar, New Paint, Split Bedrooms
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Living Area: 1983.0
  • Dining Room Type: Bedroom
  • Stories: 3
  • Window Features: Double Pane Windows
  • ResoLivingAreaSource: Owner

Exterior Features

  • Fencing: Fenced
  • View: Gulf
  • View: Yes
  • Waterfront: No
  • Construction Type: Frame
  • Exterior Features: Balcony, Patio
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Driveway, Garage
  • Garage: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Short Term Rental Allowed
  • Association: No

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Size Sq Ft: 4070.0
  • Zoning Description: County

Rental Info

  • Furnished: Partially

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2023
Closed on
Nov 17, 2023
Sold by
Eichstedt Aaron and Eichstedt Aiza
Bought by
Plummer Tim and Plummer Melissa
Seller's Agent
Duran Group
Berkshire Hathaway HomeServices Beach Properties of Florida
Buyer's Agent
Ida Hargaray
Coldwell Banker Realty
List Price
$625,000
Sold Price
$580,000
Premium/Discount to List
-$45,000
-7.2%
Views
40
Current Estimated Value
$610,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,993
Avg. Annual Appreciation
3.06%
Original Mortgage
$580,000
Interest Rate
7.49%
Mortgage Type
VA

Purchase Details

Closed on
Sep 28, 2009
Sold by
The Bank Of New York
Bought by
Eichstedt Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,739
Interest Rate
5.05%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 8, 2007
Sold by
Hobbs Properties Inc
Bought by
5109-5111 Beach Homeowners Assn Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
6.17%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

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Average Value
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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
Plummer Tim $580,000 Beach Land And Title Services
Eichstedt Aaron $180,000 Attorney
5109-5111 Beach Homeowners Assn Inc -- Oxford Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Plummer Timothy $590,000
Closed Plummer Tim $580,000
Previous Owner Eichstedt Aaron $176,739
Previous Owner 5109-5111 Beach Homeowners Assn Inc $119,000
Previous Owner Scanlan John $476,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2023 11/17/23 Sold $580,000 -3.3% $292 / Sq Ft
09/26/2023 09/26/23 Price Changed $599,999 -4.0% $303 / Sq Ft
09/14/2023 09/14/23 Price Changed $624,999 0.0% $315 / Sq Ft
08/25/2023 08/25/23 For Sale $625,000 -- $315 / 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 $1,750 $490,955 $123,333 $367,622
2023 $1,750 $175,780 $0 $0
2022 $1,573 $170,660 $0 $0
2021 $1,574 $165,689 $0 $0
2020 $1,569 $163,401 $0 $0
2019 $2,336 $186,333 $24,985 $161,348
2018 $1,873 $184,205 $0 $0
2017 $1,903 $185,210 $0 $0
2016 $1,961 $187,012 $0 $0
2015 $2,049 $189,138 $0 $0
2014 $2,076 $191,411 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 745703

Central Panhandle Association of REALTORS®

APN: 31603-002-000