NOT LISTED FOR SALE

8700 Front Beach Rd Unit 5110 Panama City Beach, FL 32407

Estimated Value: $270,000 - $312,000

2 Beds
2.5 Baths
1,325 Sq Ft
$536/mo HOA Fee

Last Sold June 20, 2023

Last sale price $322,000 $243 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $2,158/month

9 Days on Market

Highlights

  • In Ground Pool
  • Gated Community
  • Community Basketball Court
  • J.R. Arnold High School Rated A-
  • Clubhouse
  • Covered Patio or Porch

About This Home

As of June 2023

CURRENTLY UNDER CONTRACT. SELLER WILL CONSIDER BACKUP OFFERS. Immaculate ground floor unit with large 18x21 patio with privacy hedge, close to the pool, at beautiful Island Reserve. The grounds include sought after amenities such as tropical landscaping, water fountains, garage parking, one acre lagoon style swimming pool, game room, basketball/pickle ball court, and fitness center. This unit has two bedroom suites, luxury vinyl plank and tile floors, spacious living area with 10 ft. ceilings, crown molding, stainless steel appliances, granite countertops, updated fixtures and new hot water heater and HVAC. Owner will also entertain selling furnished. Contact listing agent for details. Convenient to restaurants, entertainment, fishing, attractions, and approximately 1.4 miles to the beautiful white beach. All measurements are approximate. Please verify if important.

Last Agent to Sell the Property

Stephen Norris

Coldwell Banker Realty License #3323865 Listed on: 05/13/2023

Coldwell Banker Realty

Last Buyer's Agent

Stephen Norris

Florida Realty Experts Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,145

Year Built

  • Built in 2008

Lot Details

  • 1,263

HOA Fees

  • $536 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Permit Required

Interior Spaces

  • 1,325 Sq Ft Home
  • Recessed Lighting
  • Living Room
  • Dining Room

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Covered Patio or Porch

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

Overview

  • Association fees include management, clubhouse, insurance, legal/accounting, ground maintenance, pest control, pool(s), sewer, security, trash, water
  • Virtuous Management Association
  • Low-Rise Condominium
  • Island Reserve Subdivision

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Community Basketball Court
  • Community Pool

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,145

Year Built

Built in 2008

Lot Details

0

HOA Fees

$536 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Road Surface Type: Paved
  • Subdivision Name: Island Reserve
  • Architectural Style: Low Rise
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Interior Amenities: Kitchen Island, Recessed Lighting
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1325.0
  • Dining Room Type: Bedroom, Dining Room, Kitchen, Living Room, Primary Bedroom, Patio
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: Fenced, In Ground, Community
  • Waterfront: No
  • Patio And Porch Features: Covered, Patio

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Covered, Garage, Permit Required
  • Garage: Yes

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Available, Water Connected
  • Security Features: Fire Alarm, Fire Sprinkler System, Gated Community, Smoke Detector(s), Security Service
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 1607.52
  • Community Features: Basketball Court, Clubhouse, Elevator, Fitness Center, Other, See Remarks, Gated, Pool
  • Senior Community: No
  • Amenities: Gated
  • Association Fee Frequency: Quarterly
  • Association Name: Virtuous Management
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Association Management, Clubhouse, Insurance, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Sewer, Security, Trash, Water

Schools

  • Middle Or Junior School: Breakfast Point

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 1145.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2023
Closed on
Jun 20, 2023
Sold by
Norris Stephen and Norris Judieth
Bought by
Minker Christopher J and Sanders Paula S
Seller's Agent
Stephen Norris
Coldwell Banker Realty
Buyer's Agent
Stephen Norris
Florida Realty Experts Inc
List Price
$315,000
Sold Price
$322,000
Premium/Discount to List
$7,000
2.22%
Views
53
Current Estimated Value
$289,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,999
Avg. Annual Appreciation
-4.61%
Original Mortgage
$273,700
Outstanding Balance
$266,381
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$22,620

Purchase Details

Closed on
May 20, 2015
Sold by
Nummus Holdings Llc
Bought by
Norris Stephen and Norris Judieth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
3.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2009
Sold by
Creekstone Allison Llc
Bought by
Panama City Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,701,625
Interest Rate
5.15%
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
Minker Christopher J $322,000 Mti Title
Norris Stephen $136,000 Mti Title Insurance Agency I
Panama City Properties Llc $6,270,000 Mcneese Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Minker Christopher J $273,700
Previous Owner Norris Stephen $68,000
Previous Owner Panama City Properties Llc $4,701,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2023 06/20/23 Sold $322,000 +2.2% $243 / Sq Ft
05/14/2023 05/14/23 For Sale $315,000 -- $238 / 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 $1,273 $209,780 -- --
2023 $1,273 $137,620 $0 $0
2022 $1,145 $133,612 $0 $0
2021 $1,142 $129,720 $0 $0
2020 $1,137 $166,175 $0 $0
2019 $1,113 $148,750 $0 $0
2018 $1,103 $122,721 $0 $0
2017 $1,083 $120,197 $0 $0
2016 $1,071 $117,725 $0 $0
2015 $1,498 $110,500 $0 $0
2014 -- $108,025 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Stephen Norris

    Seller's Agent in 2023

    Stephen Norris

    Coldwell Banker Realty

    (850) 361-8940

    17 in this area

    24 Total Sales

    Stephen Norris
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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 741444

Central Panhandle Association of REALTORS®

APN: 40001-100-156

Florida Bay County Panama City Beach 32407

8700 Front Beach Rd Unit 5110, Panama City Beach, FL

This home is located at 8700 Front Beach Rd Unit 5110, Panama City Beach, FL 32407 since 13 May 2023 and is currently estimated at $289,001, approximately $218 per square foot. This property was built in 2008. 8700 Front Beach Rd Unit 5110 is a home located in Bay County with nearby schools including Breakfast Point Academy, J.R. Arnold High School, and St. Bernadette Catholic 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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