NOT LISTED FOR SALE

The Summerhouse Condo 6505 Thomas Dr Unit 1011 Panama City Beach, FL 32408

Estimated Value: $417,467 - $558,000

2 Beds
2 Baths
1,015 Sq Ft
$920/mo HOA Fee

Last Sold August 16, 2023

Last sale price $525,000 $517 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $3,861/month

14 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Fishing
  • Patronis Elementary School Rated A-
  • Heated In Ground Pool
  • Clubhouse

About This Home

As of August 2023

SUMMERHOUSE CONDOS on Panama City Beach is one of the areas' most respected complexes. This very desirable 2-Bedroom, 2-Bath unit is located on the 10th floor in the newest building. This is an excellent location in the building to maximize rental income. Nicely furnished and accented. This unit is ''suitcase rental ready'' Summerhouse has 2-pools to enjoy, (one heated in the winter), a kiddie pool, hottub, tennis, game-room, owners lounge, etc, to enjoy. Summerhouse is located close to town, grocery stores, most of the areas fishing and diving fleet, and many of the areas most popular restaurants.

Last Agent to Sell the Property

Greg Taylor

Counts Real Estate Group Inc License #202166 Listed on: 08/01/2023

Counts Real Estate Group Inc

Last Buyer's Agent

Greg Taylor

Saxon R E Consulting Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,497

Year Built

  • Built in 1987

Lot Details

  • Property fronts a county road

HOA Fees

  • $920 Monthly HOA Fees

Home Design

  • Pillar, Post or Pier Foundation
  • Stucco

Interior Spaces

  • 1,015 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Living Room
  • Dining Room

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Paved Parking
  • Guest Parking
  • Additional Parking
  • Parking Lot
  • Parking Permit Required

Pool

  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Central Air
  • Electric Water Heater

Community Details

Overview

  • Association fees include management, cable TV, insurance, internet, legal/accounting, ground maintenance, pest control, sewer, trash, water
  • 55 Units
  • High-Rise Condominium
  • Summerhouse Condo. Subdivision
  • 11-Story Property

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Game Room
  • Elevator

Recreation

  • Beach
  • Community Spa
  • Fishing
  • Park

Security

  • Security Service
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,497

Year Built

Built in 1987

Lot Details

0

HOA Fees

$920 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1987
  • Property Sub Type: Condominium
  • Lot Size: 400 X 700
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: Summerhouse Condo.
  • Architectural Style: High Rise
  • Entry Level: 10
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Washer
  • Interior Amenities: Breakfast Bar, Split Bedrooms
  • Spa Features: Community
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1015.0
  • Dining Room Type: Bedroom, Dining Room, Kitchen, Living Room, Primary Bedroom
  • Stories: 11
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: Gunite, Gas Heat, In Ground, Community
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf, Shoreline - Sand, Waterfront
  • Waterfront: Yes
  • Construction Type: Concrete, Stucco
  • Exterior Features: Balcony
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: Additional Parking, Guest, Paved, Permit Required, Parking Lot
  • Garage: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Other, Sewer Connected, Trash Collection, Water Connected
  • Security Features: Fire Alarm, Fire Sprinkler System, Smoke Detector(s), Security Service
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Association Fee: 920.15
  • Community Features: Barbecue, Beach, Clubhouse, Elevator, Fishing, Game Room, Other, Park, Pool, See Remarks, Short Term Rental Allowed, Tennis Court(s), Waterfront
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Sewer, Trash, Water

Schools

  • Middle Or Junior School: Surfside

Lot Info

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

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units In Community: 55

Tax Info

  • Tax Annual Amount: 3497.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Aug 15, 2023
Sold by
Paradigm Jet Precision Llc
Bought by
Jones Reginald R and Jones Tammy J
Seller's Agent
Greg Taylor
Counts Real Estate Group Inc
Buyer's Agent
Greg Taylor
Saxon R E Consulting Group
List Price
$525,000
Sold Price
$525,000
Views
3
Current Estimated Value
$462,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$62,133
Avg. Annual Appreciation
-6.02%
Original Mortgage
$350,000
Outstanding Balance
$343,378
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$119,489

Purchase Details

Closed on
Jan 3, 2022
Sold by
Donahoe Edward Joseph
Bought by
Paradigm Jet Precision Llc

Purchase Details

Closed on
Feb 9, 2019
Sold by
Donahoe Sean Thomas
Bought by
Paradigm Jet Precision Llc

Purchase Details

Closed on
Jun 20, 2018
Sold by
Friou Phillip J and Friou Connie P
Bought by
Donahoe Edward Joseph and Donahoe Sean Thomas

Purchase Details

Closed on
Jun 13, 2003
Sold by
Arrington B J
Bought by
Friou Phillip J and Friou Connie P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,800
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2001
Sold by
Spaulding Joel B and Spaulding Evelyn W
Bought by
Arrington B J
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
Jones Reginald R $525,000 Diamond Title
Paradigm Jet Precision Llc -- None Available
Paradigm Jet Precision Llc -- Attorney
Donahoe Edward Joseph $279,000 Diamond Title Agency Inc
Friou Phillip J $261,000 Lawyers Title Agency Of Nort
Arrington B J $238,000 Lawyers Title Agency N Fl In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Reginald R $350,000
Previous Owner Friou Phillip J $40,000
Previous Owner Friou Phillip J $208,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2023 08/16/23 Sold $525,000 0.0% $517 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
08/01/2023 08/01/23 For Sale $525,000 -- $517 / 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 $5,024 $444,550 -- $444,550
2023 $5,024 $398,650 $0 $398,650
2022 $3,497 $280,909 $0 $0
2021 $3,125 $255,372 $0 $0
2020 $2,864 $232,156 $0 $232,156
2019 $2,557 $204,297 $0 $204,297
2018 $2,732 $215,050 $0 $0
2017 $2,611 $204,000 $0 $0
2016 $2,604 $199,750 $0 $0
2015 $2,587 $186,447 $0 $0
2014 $2,336 $169,497 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Greg Taylor

    Seller's Agent in 2023

    Greg Taylor

    Counts Real Estate Group Inc

    (850) 896-4173

    33 in this area

    53 Total Sales

    Greg Taylor
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About The Summerhouse Condo

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 745311

Central Panhandle Association of REALTORS®

APN: 30585-680-046

Florida Bay County Panama City Beach 32408

6505 Thomas Dr Unit 1011, Panama City Beach, FL

This home is located at 6505 Thomas Dr Unit 1011, Panama City Beach, FL 32408 since 01 August 2023 and is currently estimated at $462,867, approximately $456 per square foot. This property was built in 1987. 6505 Thomas Dr Unit 1011 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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