Kerri Tomasicyk
Watersound Real Estate
(414) 404-7830
51 Total Sales
2 in Lower Grand Lagoon
$510K - $750K Price Range
Regency Towers 5801 Thomas Dr Unit 325 Floor 3 Panama City, FL 32408
Lower Grand Lagoon AreaEstimated Value: $442,000 - $519,000
3
Beds
2
Baths
1,456
Sq Ft
1975
Built
Highlights
- Beach
- Property fronts gulf or ocean
- 24-Hour Security
- Patronis Elementary School Rated A-
- Deeded access to the beach
- 3-minute walk to Regency Towers Dog Run
About This Home
As of September 2024Discover this exceptional lower level, 3-bedroom, 2-bathroom unit at the highly sought-after Regency Towers, notable for its substantial upgrades and robust rental performance. This unit features sliders to the balcony and windows that were replaced in 2019 with hurricane/impact grade materials for enhanced safety and durability. The interior welcomes you with beadboard and chair rail in the entry hall and is elegantly detailed with crown molding throughout. Significantly, this condo benefits from a dryer vented to the exterior, an upgrade made in 2022 that is uncommon in most Regency units, enhancing both safety and efficiency. PLUS, both the washer and dryer are brand new as of the third week of June, 2024!! The HVAC system is well-maintained, having been in place for 7 years, while the dishwasher and microwave were replaced just 3 years ago. Financially, the unit has demonstrated strong rental income, generating $49,000 in 2022 and $50,000 in 2023 through VRBO bookings. This revenue was achieved despite the owners reserving three weeks each in the spring and fall for personal use, and not actively pursuing additional bookings. The unit maintains a high desirability on VRBO, reflected in its 4.8-star rating. Milestone inspections confirm that the major structural components are in good and serviceable condition. Residents and guests of Regency Towers enjoy access to two large swimming pools, one of which is heated during the winter months, an indoor hot tub, Bikini Bob's Poolside Cafe, game room, exercise room and of course, the World's Most Beautiful Beaches! Regency Towers is strategically located near top-rated restaurants, St. Andrews State Park, and Panama City Beach's newest sports park.
Set on Thomas Drive, a convenient four-lane street, this property offers both a premium lifestyle and investment opportunity. All information is believed to be correct but should be verified by the buyer. This unit represents a perfect blend of luxury, comfort, and profitability, making it a must-see on your list.
Last Agent to Sell the Property
Counts Real Estate Group Inc License #3249862 Listed on: 05/10/2024
Last Buyer's Agent
Daniel Hagen
Robert Slack, LLC
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Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,087
Year Built
- Built in 1975
Lot Details
- Security Fence
Home Design
- Entry on the 3rd floor
- Flat Roof Shape
- Pillar, Post or Pier Foundation
- Membrane Roofing
- Stucco
Interior Spaces
- Ceiling Fan
- Living Room
- Security Gate
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Parking
- Paved Parking
- Open Parking
- Parking Lot
Pool
- In Ground Pool
- Outdoor Shower
Outdoor Features
- 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
- Regency Towers Subdivision
Amenities
- Community Barbecue Grill
- Clubhouse
- Game Room
- Elevator
Recreation
- Beach
- Tennis Courts
- Community Spa
Security
- 24-Hour Security
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
May 10, 2024
Closed on
Sep 13, 2024
Sold by
Bought by
Seller's Agent
Darrell Turner
Counts Real Estate Group Inc
Buyer's Agent
Daniel Hagen
Robert Slack, LLC
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Views
32
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,336
Avg. Annual Appreciation
0.81%
Purchase Details
Closed on
Sep 18, 2020
Sold by
Bought by
Purchase Details
Closed on
May 20, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 2, 2002
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Panama City, FL
-
Kerri Tomasicyk
-
Aaron Wright
Aaron Wright
Legacy Premier Agency
(850) 771-1989
31 Total Sales
1 in Lower Grand Lagoon
$450,000 Price
-
Frank Trenholm
Frank Trenholm
Coldwell Banker Realty
(850) 771-3095
34 Total Sales
2 in Lower Grand Lagoon
$1.2M - $1.6M Price Range
-
Erich Hardy
Erich Hardy
Compass
(720) 740-0010
26 Total Sales
2 in Lower Grand Lagoon
$475K - $660K Price Range
-
Tracye Crass
Tracye Crass
Beach Haven Realty
(850) 771-3214
65 Total Sales
2 in Lower Grand Lagoon
$225K - $250K Price Range
-
Nichole Causton
Nichole Causton
Responds QuicklyGo Coastal Realty LLC
(850) 613-0626
177 Total Sales
3 in Lower Grand Lagoon
$685K - $745K Price Range
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 |
|---|---|---|---|
| $475,000 | Clear Title | ||
| -- | Attorney | ||
| $234,000 | Lanco Title | ||
| -- | -- |
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 |
|---|---|---|---|
| Previous Owner | $106,010 | ||
| Previous Owner | $163,000 |
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 |
|---|---|---|---|---|
| 09/13/2024 09/13/24 | Sold | $475,000 | -2.1% | $326 / Sq Ft |
| 08/12/2024 08/12/24 | Pending | -- | -- | -- |
| 07/29/2024 07/29/24 | Price Changed | $485,000 | -2.0% | $333 / Sq Ft |
| 05/10/2024 05/10/24 | For Sale | $495,000 | -- | $340 / 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 | $4,154 | $396,964 | $396,964 | |
| 2024 | $4,087 | $243,520 | ||
| 2023 | $4,087 | $221,382 | $0 | $454,750 |
| 2022 | $3,155 | $201,256 | $0 | $0 |
| 2021 | $2,460 | $188,175 | $0 | $0 |
| 2020 | $2,214 | $186,619 | $0 | $186,619 |
| 2019 | $1,956 | $155,516 | $0 | $155,516 |
| 2018 | $2,330 | $182,960 | $0 | $0 |
| 2017 | $2,236 | $174,250 | $0 | $0 |
| 2016 | $2,543 | $195,000 | $0 | $0 |
| 2015 | $2,529 | $187,825 | $0 | $0 |
| 2014 | $2,291 | $170,750 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Darrell Turner
Seller's Agent in 2024
Darrell Turner
Counts Real Estate Group Inc
(850) 866-9868
111 Total Sales
-
DH
Buyer's Agent in 2024
Daniel Hagen
Robert Slack, LLC
About Regency Towers
Map
Source: Central Panhandle Association of REALTORS®
MLS Number: 756914
APN: 32382-034-000
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.
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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