5 months on rocket

17281 Front Beach Rd Unit 401, Panama City Beach, FL, 32413

$1,299,899

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
1,849 SqFt
$703/SqFt
Condo

Location

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17281 Front Beach Rd Unit 401, Panama City Beach$1,299,899

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built2008
HeatingCentral
CoolingCentral Air
WaterfrontGulf
ViewLake, Gulf
MLS #951383
StatusActive

About 17281 Front Beach Rd Unit 401

Welcome to Palazzo 401, a breathtaking condo that checks nearly every box for the discerning buyer. Located on the 4th floor, this beach retreat has unparalleled southern and eastern views of Panama City Beachs coastline, and an extremely spacious floorplan suitable for a large family or to accommodate for strong vacation rental income. Palazzo is one of the newer condos in Panama City Beach (2008), and since completion has always been regarded as one of the luxury products in Panama City Beach. Located on most popular west end of the beach, there is more peace and quiet at this location than other buildings running along the beach, while also being only a 15-minute drive to Rosemary Beach and the beaches of 30A. This beautiful property is equipped with 9-foot ceilings, floor to ceiling glass windows wrapping the living and dining areas, and master bedroom. Boasting a 220 sqft balcony, there is room for all guests to enjoy the crashing waves of the beautiful Emerald Coast. Currently configured to sleep 8-10 guest, the rental income has been solid for this unit, achieving over 65,000 in gross income in 2023, with 3 weeks of time being blocked off for repainting of the building and with several weeks of owner usage. Take a look at the projections of over 100k in the documents section! Sellers currently manage by-owner and will help the new owners with the transition to self-managing if so desired. With only 129 units, Palazzo is a lower density building compared to the other condos in PCB, and for this reason has always been a desirable location for private second-home owners, those looking for a vacation rental, and even for many primary residents. This property is in excellent condition, with new paint and some new furniture. It also comes with a deeded exterior storage closet large enough to store bikes, kayaks and paddle boards. There are many condos on the beach to choose from. Some of these condos are built more for strictly vacation rentals, and a few that built more for noon rental purposes. Here at Palazzo, you will get the best of both worlds! Come see this luxury masterpiece and you will see what has drawn buyers to these floorpans since its conception!

Property Details

Property Features

Property Information:

  • Architectural Style: N/A
  • Year Built: 2008
  • Living Area: 1,849 SqFt

Listing Office:

  • Office Name: Compass
  • Office Email: brokerfl@compass.com
  • Listing Agent: Daniel D Walker

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Dryer, Refrigerator, Electric Oven, Washer
  • Flooring Type: Tile
  • Interior: Ceiling Crown Molding, Raised Ceiling, Kitchen Island, Recessed Lighting, Track Lighting, Owners Closet, Pantry, Window Treatment(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Gulf
  • View: Lake, Gulf
  • Exterior: Balcony

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Hwy 79 South, turn left on Front Beach Road. Palazzo is the first high rise on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,299,899
  • Price Per SqFt: $703/SqFt

HOA Fees:

  • Amount: $1494
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $7,141
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Panama City Beach, FL.

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Panama City Beach, FL

City

Med. Sold Price

$464.7K

Med. Price/SqFt

$328

Avg. Days On Market

104

# of Sold Homes

129

17281 Front Beach Rd Unit 401 vs Panama City Beach

171 DAYS ON ROCKET

+67 Days

$1,299,899

+$835.1K More

$703/SqFt

+$374 More

KEY TAKEAWAY

This property is $835.1K more than the Median Sold Price and $374/SqFt more than other homes in Panama City Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Emerald Coast Association of REALTORS®
  • MLS Number: #951383

Listing Office:

  • Office Name: Compass
  • Office Email: brokerfl@compass.com
  • Listing Agent: Daniel D Walker

IDX Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 6:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 17, 2021Home Sold
$734,900
Apr 01, 2015Home Sold
$580,000
Nov 18, 2008Home Sold
$520,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,141$599,611
2018$5,849$516,947
2017$5,319$506,314

History based on county public records data.

Payment Calculator

$8,049

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,964

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-541043
5
/10

  • Hutchison Beach Elementary School

  • 12900 Hutchison Blvd

  • 3.92 miles

  • Public District Grades KG-5

school-card-donut-541044
7
/10

  • West Bay Elementary School

  • 14813 School Dr

  • 4.91 miles

  • Public District Grades KG-5

school-card-donut-541045
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 8.72 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,638. The most common annual income of people living in Panama City Beach, FL is between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 17281 Front Beach Rd Unit 401

What is the listing price of this property?

The listing price of 17281 Front Beach Rd Unit 401 property is $1,299,899.

What type of property is this?

The property 17281 Front Beach Rd Unit 401 is a condo located in Panama City Beach, Florida, 32413.

Is this property for sale now?

Active Listing: 17281 Front Beach Rd Unit 401 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $7,141 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 17, 2021 for $734,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 17281 Front Beach Rd Unit 401 has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 17281 Front Beach Rd Unit 401 is 1,849 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 17281 Front Beach Rd Unit 401 is 2008.

Rocket Homes›Florida›Bay County›Panama City Beach›32413›17281 Front Beach Rd Unit 401

This home is located at 17281 Front Beach Rd Unit 401 in Panama City Beach, FL and zip code 32413. This 1,849 square foot home was built in 2008. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 03, 2024 and is currently priced at $1,299,899.

Over 5 listings were sold over their listed price in October 2024 in Panama City Beach, FL. In the same period over 99 listings were sold below the listed price and 25 listings were sold for the listed price. The number of listings in Panama City Beach, FL increased by 0.4% between September 2024 and October 2024. The median list price of listings available in October 2024 was $464,783, while the average time on the real estate market was 104 days.

From Rocket Homes Real Estate and based on county public records data.

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