$399,900
$44K PRICE DROP

5505 Sun Harbor Rd Unit 181 Panama City, FL 32401

Estimated payment $2,898/month

Total Views 10,289
2 Beds
2 Baths
1,200 Sq Ft
$333 Price per Sq Ft

Highlights

  • Marina
  • In Ground Pool
  • Bay View
  • Boat Dock
  • Fishing
  • Waterfront

About This Home

$44,000 PRICE REDUCTION and Newly Listed!!! You have just found one of the rarest condos ever constructed in Bay County FL. This two story end unit boasts 2 bedrooms (both on first floor), 2 full bathrooms (one on each floor), along with a large kitchen, dining area, and open living room on the second floor! The second floor also features a private covered balcony with Magnificent views of the Bay, Pool, and Marina. The private covered patio of the primary bedroom also features this same view, but with access to it all! The marina offers boat slips for sale and for rent, with and without lifts. There is also a newly constructed commercial space onsight that will be developed. This condo offers an excellent location and this particular unit is the closest and within walking distance to Gulf Coast State College, Florida State University Panama City, and Carl Gray Park which offers public boat launch ramps, fishing, swimming, and covered picnic areas with grills. This condo development is also located next to Port Panama City and according to their website, nearly 11,000 jobs are generated by the Port's Cargo Activity on an annual basis. In addition, the Port's more than two million tons of cargo translates to $634.5 million in personal income and local consumption and more than $1.6 billion in total economic value. This two story condo has endless opportunities as a private residence, second home, long term rental or as an investment. This unit is so rare, only one other family has ever owned it since it was originally built. Come see this magnificent condo with so much to offer, amazing views, lots of space, loads of storage, phenomenal location and just so much fun! All info and measurements are approximate and must be confirmed by the buyer if deemed necessary.

Listing Agent

Nathan Trent

Coastal Sun Realty LLC License #3092286 Listed on: 05/30/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,500

Year Built

  • Built in 1984

Lot Details

  • Property fronts a highway
  • Landscaped

HOA Fees

  • $475 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • Tile Flooring
  • Bay Views
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • Paved Parking
  • Parking Lot
  • Assigned Parking

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Location

  • Flood Insurance May Be Required

Schools

  • Lucille Moore Elementary School
  • Jinks Middle School
  • Bay High School

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Community Details

Overview

  • Association fees include cable TV, insurance, legal/accounting, ground maintenance, pest control, pool(s), trash, water
  • Low-Rise Condominium
  • Sun Harbor Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Boat Dock
  • Marina
  • Waterfront
  • Community Pool
  • Fishing
  • Park

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,500

Year Built

Built in 1984

Lot Details

0

HOA Fees

$475 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1984
  • Property Sub Type: Condominium
  • Road Frontage Type: Highway
  • Road Surface Type: Paved
  • Subdivision Name: Sun Harbor Condo
  • Architectural Style: Low Rise
  • Entry Level: 1
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Interior Amenities: Window Treatments
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Living Area: 1200.0
  • Dining Room Type: Bedroom, Primary Bedroom
  • Stories: 2

Exterior Features

  • Pool Features: Fenced, In Ground, Pool, Community
  • View: Bay
  • View: Yes
  • Waterfront Features: Bay Access, Boat Dock/Slip, Boat Ramp/Lift Access, Deeded Access, Waterfront
  • Waterfront: Yes
  • Disclosures: Flood Insurance Required
  • Construction Type: Wood Siding
  • Exterior Features: Balcony, Covered Patio
  • Patio And Porch Features: Balcony, Covered, Patio, Porch
  • Roof: Metal

Garage/Parking

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

Utilities

  • Utilities: Cable Connected
  • Security Features: Fire Alarm, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Electric
  • Laundry Features: Stacked
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association Fee: 475.0
  • Community Features: Barbecue, Dock, Fishing, Laundry Facilities, Marina, Park, Shopping, Waterfront, Pool
  • Senior Community: No
  • Amenities: Beach Access, Boat Ramp
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Cable TV, Insurance, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Trash, Water

Schools

  • Middle Or Junior School: Jinks

Lot Info

  • Lot Features: Landscaped, Waterfront
  • Zoning Description: Resort

Rental Info

  • Furnished: Negotiable

Tax Info

  • Tax Annual Amount: 3500.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Lucille Moore
  • High School: Bay

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,547 $184,128 -- --
2023 $3,547 $240,000 $0 $240,000
2022 $2,839 $152,172 $0 $0
2021 $2,544 $138,338 $0 $138,338
2020 $2,414 $131,750 $0 $131,750
2019 $1,500 $95,896 $0 $95,896
2018 $1,299 $82,748 $0 $0
2017 $1,127 $75,225 $0 $0
2016 $1,359 $88,440 $0 $0
2015 $1,268 $80,400 $0 $0
2014 $1,224 $76,577 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2025 08/17/25 Price Changed $399,900 -2.5% $333 / Sq Ft
08/09/2025 08/09/25 Price Changed $410,000 -1.0% $342 / Sq Ft
07/09/2025 07/09/25 Price Changed $414,000 -6.8% $345 / Sq Ft
05/30/2025 05/30/25 For Sale $444,000 -- $370 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $140,000 Attorney
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Personal Reps Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $30,000 Credit Line Revolving
Source: Public Records

Source: Central Panhandle Association of REALTORS®

MLS Number: 774167

Central Panhandle Association of REALTORS®

APN: 27935-542-000