1 month on rocket

5115 Gulf Dr Unit 507, Panama City, FL, 32408

$450,000

Home List Price

$5,344*

Closing Credit

1 Bedroom
2 Full Baths
883 SqFt
$510/SqFt
Condo

Location

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5115 Gulf Dr Unit 507, Panama City$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built2006
HeatingElectric
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontGulf, Waterfront
MLS #764763
StatusActive

About 5115 Gulf Dr Unit 507

Here's your front-row seat to 200 feet of pristine white sand and the Gulf of Mexico at Seychelles, tucked away on Panama City Beach's quieter east end. The desirable 5th-floor location is favored by vacationers for its perfect balance--low enough for quick access to the beach and amenities without waiting for the elevator, yet high enough to offer privacy and stunning views. This 1BR/2BA condo with a master suite and bunks comfortably sleeps six. The space is bright and airy, featuring 9' ceilings, 8' glass doors leading to the balcony, and tile flooring throughout for effortless maintenance. Enjoy sweeping views of Panama City Beach's iconic sugar-white sands and emerald waters from the spacious balcony or living area. The kitchen boasts stainless steel appliances, solid surface counters, and solid wood cabinets, while both bathrooms showcase elegant marble vanities. Seychelles' resort amenities are exceptional: two Gulf-front pools (one heated seasonally), a hot tub, dune walkover, fully-equipped fitness center, community room, high-speed elevators, and secure, gated parking in a covered garage--all surrounded by lush tropical landscaping. Located just steps from Schooners and minutes from St. Andrews State Park, golf, marinas, shopping, dining, and entertainment, this condo is perfectly positioned for both relaxation and adventure. The inclusive HOA covers utilities - electricity, WiFi, cable, water, and sewage - making ownership worry-free. Whether as a vacation home or a short-term rental, this condo is the perfect gateway to the best of Panama City Beach. Don't miss your chance to own this beachfront paradise!

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 2006
  • Living Area: 883 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Beach Properties of Florida

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Microwave
  • Interior: Breakfast Bar, Recessed Lighting

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Gulf, Waterfront
  • Exterior: Balcony

Lot Features

Lot Information:

  • Lot: Waterfront

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Take Thomas Drive heading east to Hull, take a right on Hull, Seychelles in on the right next to Schooners Restaurant.

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $510/SqFt

HOA Fees:

  • Amount: $2575
  • Frequency: Quarterly
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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

$339.2K

Med. Price/SqFt

$201

Avg. Days On Market

79

# of Sold Homes

166

5115 Gulf Dr Unit 507 vs Panama City

39 DAYS ON ROCKET

-40 Days

$450,000

+$110.7K More

$510/SqFt

+$309 More

KEY TAKEAWAY

This property is $110.7K more than the Median Sold Price and $309/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #764763

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Beach Properties of Florida

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively 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. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© 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: 12/21/2024, 11:55:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$3,171

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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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-822896
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 2.12 miles

  • Public District Grades KG-5

school-card-donut-822897
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 4.05 miles

  • Public District Grades PK-5

school-card-donut-822898
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. The most common annual income of people living in Panama City, FL is between $35k-100k. 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 507

What is the listing price of this property?

The listing price of 5115 Gulf Dr Unit 507 property is $450,000.

What type of property is this?

The property 5115 Gulf Dr Unit 507 is a condo located in Panama City, Florida, 32408.

Is this property for sale now?

Active Listing: 5115 Gulf Dr Unit 507 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5115 Gulf Dr Unit 507 has 1 bedroom and 2 bathrooms.

What is the square footage of this property?

The property 5115 Gulf Dr Unit 507 is 883 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5115 Gulf Dr Unit 507 is 2006.

Rocket Homes›Florida›Bay County›Panama City›32408›5115 Gulf Dr Unit 507

This home is located at 5115 Gulf Dr Unit 507 in Panama City, 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 November 12, 2024 and is currently priced at $450,000.

In November 2024 more than 13 listings in Panama City, FL were sold above the asking price. During the same period more than 33 listings were sold at asking price, while more than 120 were sold below. The number of listings in Panama City, FL decreased by 3.9% between October 2024 and November 2024. In November 2024 median list price was $339,223 and the average listing age was 79 days.

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

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