$340,000
SOLD DEC 17, 2024
1 Bed
2 Baths
907 Sq Ft
$933/mo HOA Fee

Recently Sold

$375 Per Sq Ft

11% Below List Price

82 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Community Pool
  • J.R. Arnold High School Rated A-
  • Furnished
  • Elevator

About This Home

As of December 2024

Location, Location, Location! If you're seeking the perfect blend of luxury, location, and investment potential for a vacation rental, this stunning condo is an opportunity you don't want to miss. Situated on the 2nd floor with direct Gulf views, this fully furnished, 907 sq. ft. modern condo features a spacious primary ensuite bedroom and a convenient bunk area with an adjoining full bath, providing an ideal layout for hosting family and friends.

Located in Shores of Panama I, one of Panama City Beach's top-rated luxury resorts, this condo offers sweeping views of the Gulf and overlooks a resort-style lagoon pool, indoor heated pool, hot tub, and two tiki bars, all just steps away from the pristine white sand beaches and turquoise waters of the Gulf of Mexico. The open-concept living and dining area showcases modern coastal decor and includes luxury tile flooring, upgraded granite countertops, and a breakfast bar for casual dining. A private parking space on the 2nd-floor parking deck adds convenience.

Tired of viewing former Airbnb and short-term rental properties that show the years of wear and tear? You know the kindworn-out appliances, signs of damage, and neglect from careless renters. Not here. This condo has never been rented, has been smoke- and vape-free, and has only been used by the owner and their close family and friends.

Originally purchased for the incredible Shores of Panama pool when the owner's kids were in school, this gem is now available as the kids are grown and no longer visit. The owner's loss is your gain! Don't miss this opportunity to own a well-maintained, fully furnished condo that's ready for your personal use or to rent out. Located on the 2nd floor, you can easily take the stairs to avoid elevator waits. Plus, it comes with a guaranteed, deeded reserved parking spot.

Perfectly positioned in the heart of Panama City Beach, this condo is just a short walk from world-class dining, shopping, and entertainment. Onsite amenities like a coffee & donut shop, pizza parlor, and more ensure endless convenience. Don't miss out on this one-of-a-kind opportunitycontact us today to schedule your showing! All information and HOA Fees are deemed correct, and buyers should verify if deemed important. Shores of Panama resort has added a temporary assessment to all condos for two years in order to complete the state requirements regarding the exterior building project. Seller will pay up to $9600 the mentioned assessments during year of 2025.

Last Agent to Sell the Property

Matt Beyazaslan

World Impact Real Estate License #3524924 Listed on: 09/18/2024

World Impact Real Estate

Co-Listed By

Rodney Elkins

World Impact Real Estate License #3169734

Last Buyer's Agent

Gabe Stephani

Pineapple Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,855

Year Built

  • Built in 2007

HOA Fees

  • $933 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 907 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Tile Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • Built-In Bunk Beds
  • 2 Full Bathrooms
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Home Security

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

Listing and Financial Details

  • Assessor Parcel Number 40000-650-029

Community Details

Overview

  • Association fees include ground keeping, internet service, management, security, cable TV, trash
  • Shores Of Panama Subdivision
  • 23-Story Property

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Recreation Room
  • Elevator

Recreation

  • Beach

Security

  • Building Fire Alarm
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,855

Year Built

Built in 2007

Lot Details

0

HOA Fees

$933 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: EWOR
  • Co List Office Phone: 850-225-7000
  • Subdivision Name: SHORES OF PANAMA
  • Directions: Right next to Pineapple Willy's at the intersection of Front Beach Road and Thomas Dr.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 2007
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Microwave, Refrigerator, Stove/Oven Electric, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Interior Amenities: Breakfast Bar, Floor Tile, Furnished - All, Hallway Bunk Beds, Owner's Closet, Washer/Dryer Hookup, Window Treatment All
  • Stories: 23
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Mstr BdrmMstr Bath:MBath Shower Only: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Interior:Furnished - All: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Hallway Bunk Beds: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Exterior Features: Balcony
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Balcony: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Garage
  • General Property Info:Garage2: Yes
  • Parking Features:Garage3: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Dumpster, Elevators, Exercise Room, Picnic Area, Pool, Waterfront
  • Association #2 Fee: 2800.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Internet Service, Management, Security, Cable TV, Trash

Schools

  • Elementary School: Breakfast Point
  • High School: Arnold
  • Middle Or Junior School: Breakfast Point

Lot Info

  • Parcel #: 40000-650-029
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3855.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2024
Closed on
Dec 16, 2024
Sold by
Smith Ronald Shane
Bought by
Stacys Auto Sales Inc
Seller's Agent
Matt Beyazaslan
World Impact Real Estate
Buyer's Agent
Gabe Stephani
Pineapple Properties
List Price
$380,000
Sold Price
$340,000
Premium/Discount to List
-$40,000
-10.53%
Current Estimated Value
$338,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,407
Avg. Annual Appreciation
-0.56%

Purchase Details

Closed on
Aug 22, 2017
Sold by
Newton Robert and Newton Tonya
Bought by
Smith Ronald

Purchase Details

Closed on
Dec 30, 2016
Sold by
Matthews Eddie and Matthews Brenda
Bought by
Newton Robert and Newton Tenya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2012
Sold by
The Henrys Llc
Bought by
Matthews Eddie and Matthews Brenda
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $340,000 Emerald Coast Title Services
Warranty Deed $215,000 Mti Title Ins Agency Inc
Warranty Deed $200,000 Mti Title Ins Agency Inc
Warranty Deed $165,000 Mti Title Ins Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $289,000 New Conventional
Previous Owner $160,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2024 12/17/24 Sold $340,000 -6.8% $375 / Sq Ft
12/09/2024 12/09/24 Pending -- -- --
11/07/2024 11/07/24 Price Changed $365,000 -3.9% $402 / Sq Ft
09/18/2024 09/18/24 For Sale $380,000 -- $419 / Sq Ft
Source: Emerald Coast 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 $3,855 $256,253 -- --
2023 $3,855 $232,957 $0 $0
2022 $2,976 $211,779 $0 $0
2021 $2,479 $192,526 $0 $192,526
2020 $2,419 $195,500 $0 $0
2019 $2,208 $182,325 $0 $0
2018 $2,032 $161,416 $0 $0
2017 $1,789 $155,975 $0 $0
2016 $1,821 $156,188 $0 $0
2015 $1,877 $156,188 $0 $0
2014 $1,757 $146,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 959343

Emerald Coast Association of REALTORS®

APN: 40000-650-029