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5115 Gulf Dr Unit 1703, Panama City Beach, FL, 32408

$440,000

Home List Price

$5,225*

Closing Credit

1 Bedroom
2 Full Baths
883 SqFt
$498/SqFt
Condo

Location

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5115 Gulf Dr Unit 1703, Panama City$440,000

Buyer Closing Credits

$5,225*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGarage, Covered, Guest
Year Built2006
HeatingCentral
CoolingCeiling Fan(s), Central Air
WaterfrontGulf
ViewGulf
MLS #960949
StatusActive

About 5115 Gulf Dr Unit 1703

Welcome to your slice of paradise! Seychelles Resort Condominium is a highly sought-after gem, offering unparalleled views of the emerald waters of the Gulf of Mexico. Nestled on 200 feet of pristine sandy beach right next to the popular Schooners Restaurant, this 1-bedroom, 2-bath unit spans 883 square feet of thoughtfully designed living space. With hallway bunks and ample room, this condo comfortably accommodates up to six guests and comes fully furnished, ready for you or your rental guests! Seychelles Resort boasts a host of amenities, including two gulf-front pools, a hot tub, an on-site fitness center, a conference room, a rental company, on-site property management, & covered parking with a convenient walkover. The HOA fees cover ALL utilities, including electricity. Ideally located off Thomas Drive, youll be next door to Schooners and just minutes from marinas, shopping, dining, entertainment, and the stunning St. Andrews State Park. Whether youre seeking a relaxing retreat or a high-performing investment property with excellent rental income potential, this is your chance to own a piece of paradise on the Worlds Most Beautiful Beaches. All measurements are approximate and should be verified by the buyer.

Property Details

Property Features

Property Information:

  • Architectural Style: N/A
  • Year Built: 2006
  • Living Area: 883 SqFt

Listing Office:

  • Office Name: Compass
  • Office Email: brokerfl@compass.com
  • Listing Agent: Donna Fox

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Electric Oven, Washer
  • Flooring Type: Tile
  • Interior: Breakfast Bar

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Gulf
  • View: Gulf
  • Exterior: Balcony, Hot Tub, Pool - Heated, Pool - In-Ground

Parking Information:

  • Attached Garage: No
  • Parking: Garage, Covered, Guest

Virtual/3D Tour

  • 3D Tour: 5115 Gulf Dr Unit 1703
3D Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: From Front Beach Road and Thomas Drive at Hathaway Bridge go south on Thomas Drive past Captain Andersons and right around the curve. Turn left down Huff St and right onto Gulf Drive.

Price Information

Listing Price Info

Price Summary:

  • List Price: $440,000
  • Price Per SqFt: $498/SqFt

HOA Fees:

  • Amount: $2369
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $2,197
  • Tax Year: 2020
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Housing Market Comparison

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

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Panama City, FL

City

Med. Sold Price

$339.4K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

194

5115 Gulf Dr Unit 1703 vs Panama City

44 DAYS ON ROCKET

-33 Days

$440,000

+$100.5K More

$498/SqFt

+$296 More

KEY TAKEAWAY

This property is $100.5K more than the Median Sold Price and $296/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Emerald Coast Association of REALTORS®
  • MLS Number: #960949

Listing Office:

  • Office Name: Compass
  • Office Email: brokerfl@compass.com
  • Listing Agent: Donna Fox

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: 11/24/2024, 1:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 04, 2018Home Sold
$216,700

Tax History

YEARPROP. TAXASSESSMENT
2020$2,197$191,462
2018$2,231$175,100
2017$2,182$170,000

History based on county public records data.

Payment Calculator

$3,053

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,386

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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-1155683
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 2.12 miles

  • Public District Grades KG-5

school-card-donut-1155684
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 4.05 miles

  • Public District Grades PK-5

school-card-donut-1155685
1
/10

  • St. Andrew School at Oakland Terrace

  • 2010 W 12th St

  • 4.27 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,776. Residents of Panama City, FL typically earn between $35k-100k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5115 Gulf Dr Unit 1703

What is the listing price of this property?

The listing price of 5115 Gulf Dr Unit 1703 property is $440,000.

What type of property is this?

The property 5115 Gulf Dr Unit 1703 is a condo located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 5115 Gulf Dr Unit 1703 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 $2,197 (source: MLS/based on county public records data).

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

The last sale was on January 4, 2018 for $216,700. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5115 Gulf Dr Unit 1703 has 1 bedroom and 2 bathrooms.

What is the square footage of this property?

The property 5115 Gulf Dr Unit 1703 is 883 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5115 Gulf Dr Unit 1703 is 2006.

Rocket Homes›Florida›Bay County›Panama City›32408›5115 Gulf Dr Unit 1703

This home is located at 5115 Gulf Dr Unit 1703 in Panama City Beach, FL and zip code 32408. This 883 square foot home was built in 2006. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $440,000.

While more than 16 listings in Panama City, FL in October 2024 were sold above asking price, there were more than 40 listings sold at asking price, and more than 138 were sold below. The number of listings in Panama City, FL decreased by 1.7% between September 2024 and October 2024. While the average time on the market in October 2024 was 77 days, the median list price was $339,477.

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

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