NOT LISTED FOR SALE

Seychelles Condominium 5115 Gulf Dr Unit 2006 Panama City, FL 32408

Estimated Value: $412,000 - $432,000

1 Bed
2 Baths
883 Sq Ft
$462/mo HOA Fee

Last Sold February 11, 2022

Last sale price $427,000 $484 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,166/month

9 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Heated In Ground Pool
  • Patronis Elementary School Rated A-
  • Building Security
  • Gated Parking

About This Home

As of February 2022

UNDER CONTRACT W/ CONTINGENCIES; ACCEPTING BACKUP OFFERS.Prepare to be absolutely amazed. This masterfully designed condominium provides all of the essentials for an investor, second home, or primary residence. This condo is currently not rented but boasts projected gross rental income of approximately $45,000 annually while the HOA fee covers all expenses including electricity. Opulence is exhibited in every square inch of this condo with sleek yet comfortable furnishings, and custom window treatments and decor. The owner made many upgrades to this condo including new custom kitchen cabinets, stainless steel appliances, newer heating and air conditioning system (less than 3 years old), newer hot water heater (less than 3 years old), and new light fixtures and fans.

Last Agent to Sell the Property

Mike Herring

Keller Williams Realty Emerald License #3256219 Listed on: 01/04/2022

Keller Williams Realty Emerald

Last Buyer's Agent

Deanna Hollinger

Anchor Realty Florida

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,780

Year Built

  • Built in 2006

Lot Details

  • Sprinkler System

HOA Fees

  • $462 Monthly HOA Fees

Interior Spaces

  • 883 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Storage

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Garage
  • Gated Parking
  • Secured Garage or Parking
  • Additional Parking

Pool

  • Heated In Ground Pool
  • Fence Around Pool

Outdoor Features

Schools

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

Utilities

  • Central Air
  • Electric Water Heater
  • Phone Available

Community Details

Overview

  • Association fees include management, clubhouse, cable TV, electricity, internet, legal/accounting, ground maintenance, pest control, phone, pool(s), recreation facilities, sewer, security, trash, water
  • High-Rise Condominium
  • Seychelles Resort Condominium Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Elevator

Recreation

  • Beach

Security

  • Building Security
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,780

Year Built

Built in 2006

Lot Details

0

HOA Fees

$462 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Property Sub Type: Condominium
  • Road Frontage Type: City Street
  • Subdivision Name: Seychelles Resort Condominium
  • Architectural Style: High Rise
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Interior Amenities: Breakfast Bar, Storage
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Living Area: 883.0
  • Dining Room Type: Dining Room, Kitchen, Living Room, Primary Bathroom
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: Fenced, Gas Heat, In Ground, Private, Community
  • Pool Private: Yes
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf, Waterfront
  • Waterfront: Yes
  • Exterior Features: Balcony, Sprinkler/Irrigation
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: Additional Parking, Garage, Gated
  • Garage: No

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Phone Available
  • Security Features: Building Security, Secured Garage/Parking, Gated Community, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Association Fee: 1387.21
  • Community Features: Barbecue, Beach, Clubhouse, Elevator, Fitness Center, Other, Pool, See Remarks, Short Term Rental Allowed, Waterfront, Gated
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Association Management, Clubhouse, Cable TV, Electricity, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Phone, Pool(s), Recreation Facilities, Sewer, Security, Trash, Water

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Features: Waterfront
  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Furnished

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2023
Sold by
Mcentyre Michael and Mcentyre Darla
Bought by
D And M Mcentyre Family Trust
Current Estimated Value
$423,218

Purchase Details

Listed on
Jan 4, 2022
Closed on
Feb 11, 2022
Sold by
May David C and May Shanna F
Bought by
Mcentyre Michael and Mcentyre Darla
Seller's Agent
Mike Herring
Keller Williams Realty Emerald
Buyer's Agent
Deanna Hollinger
Anchor Realty Florida
List Price
$434,000
Sold Price
$427,000
Premium/Discount to List
-$7,000
-1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.25%
Original Mortgage
$341,600
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2021
Sold by
Rm Family Properties Llc
Bought by
May David C and May Shanna F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,901
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 21, 2012
Sold by
East Raymond Doyle
Bought by
East Raymond Doyle and East Marlene Lynette

Purchase Details

Closed on
Dec 31, 2009
Sold by
Regions Bank
Bought by
East Raymond D

Purchase Details

Closed on
Oct 6, 2009
Sold by
Kenney Diane M
Bought by
Regions Bank

Purchase Details

Closed on
May 30, 2006
Sold by
Coastal Blue Development Llc
Bought by
Kenney Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage
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
D And M Mcentyre Family Trust $100 --
Mcentyre Michael $427,000 Mti Title
May David C $351,000 Diamond Title Agency Inc
East Raymond Doyle -- Attorney
Rm Family Properties Llc -- Attorney
East Raymond D $150,100 None Available
Regions Bank -- Attorney
Kenney Diane M $325,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcentyre Michael $341,600
Previous Owner May David C $286,901
Previous Owner Kenney Diane M $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2022 06/20/22 Off Market $427,000 -- --
02/11/2022 02/11/22 Sold $427,000 -1.6% $484 / Sq Ft
01/04/2022 01/04/22 For Sale $434,000 -- $492 / 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 $4,780 $379,100 -- $379,100
2023 $4,780 $379,100 $0 $379,100
2022 $3,923 $335,750 $0 $335,750
2021 $2,351 $180,091 $0 $0
2020 $2,197 $191,462 $0 $191,462
2019 $1,874 $148,835 $0 $148,835
2018 $2,232 $175,100 $0 $0
2017 $2,182 $170,000 $0 $0
2016 $2,152 $164,329 $0 $0
2015 $2,079 $149,390 $0 $0
2014 $1,960 $135,809 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Herring

    Seller's Agent in 2022

    Mike Herring

    Keller Williams Realty Emerald

    (850) 708-1328

    19 in this area

    301 Total Sales

    Mike Herring
    Section Image

  • D

    Buyer's Agent in 2022

    Deanna Hollinger

    Anchor Realty Florida

See All Agents

About Seychelles Condominium

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 720694

Central Panhandle Association of REALTORS®

APN: 31437-400-176

Florida Bay County Panama City 32408

5115 Gulf Dr Unit 2006, Panama City, FL

This home is located at 5115 Gulf Dr Unit 2006, Panama City, FL 32408 since 04 January 2022 and is currently estimated at $423,218, approximately $479 per square foot. This property was built in 2006. 5115 Gulf Dr Unit 2006 is a home located in Bay County with nearby schools including Patronis Elementary School, J.R. Arnold High 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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