6 months on rocket

Backup Offers

5500 Beach Dr Unit 18, Panama City Beach, FL, 32408

$145,000

Home List Price

$1,722*

Closing Credit

1 Bedroom
1 Full Bath
416 SqFt
$349/SqFt
Townhouse

Location

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5500 Beach Dr Unit 18, Panama City$145,000

Buyer Closing Credits

$1,722*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingParking Lot
Year Built1981
CoolingCentral Air
MLS #758038
Lot Size0.02 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 5500 Beach Dr Unit 18

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Price REDUCED and ready to SELL! Make the most of this rare opportunity to own this unique Panama City Beach retreat. These select townhomes at the beautiful Embarcadero Villas don't come on the market often. Boasting some of the lowest HOA fees around, this 1bd/1ba home includes a pool, picnic area, and a well-manicured courtyard. It's the ideal location for a relaxing primary residence or a convenient second home. Beach access is only .3 miles away! Local marinas and dining options are less than a mile. The home features a 2021 HVAC, 2021 tankless water heater, and 2019 roof for peace of mind. There is also a walk-in, jetted bathtub. The parking areas are on both sides of the community and just outside of the gate by the home's door, providing ease of access. Short-term rentals are not allowed - 6 month minimum. Make this spot your own. Schedule your showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Mediterranean
  • Year Built: 1981
  • Living Area: 416 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Oven, Refrigerator

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Parking: Parking Lot

Lot Features

Lot Information:

  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Thomas Dr turn North onto Biltmore, then right (East) onto Beach Dr. Embarcadero Villas is on the left. Enter the gate and follow the sidewalk to unit 18.

Price Information

Listing Price Info

Price Summary:

  • List Price: $145,000
  • Price Per SqFt: $349/SqFt

HOA Fees:

  • Amount: $130
  • Frequency: Monthly
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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

5500 Beach Dr Unit 18 vs Panama City

205 DAYS ON ROCKET

+126 Days

$145,000

-$194.2K Less

$349/SqFt

+$148 More

KEY TAKEAWAY

This property is $194.2K less than the Median Sold Price and $148/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: #758038

Listing Office:

  • Office Name: Coldwell Banker Realty

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: 12/26/2024, 8:21:00 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.

Payment Calculator

$921

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$501

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NMLS#3030

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-1693735
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.80 miles

  • Public District Grades KG-5

school-card-donut-1693736
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 3.94 miles

  • Public District Grades PK-5

school-card-donut-1693737
1
/10

  • St. Andrew School at Oakland Terrace

  • 2010 W 12th St

  • 4.26 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. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5500 Beach Dr Unit 18

What is the listing price of this property?

The listing price of 5500 Beach Dr Unit 18 property is $145,000.

What type of property is this?

The property 5500 Beach Dr Unit 18 is a townhouse located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Accepting Backup Offers: 5500 Beach Dr Unit 18 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How many bedrooms and bathrooms does this property have?

The property at 5500 Beach Dr Unit 18 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 5500 Beach Dr Unit 18 is 416 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5500 Beach Dr Unit 18 is 1981.

Rocket Homes›Florida›Bay County›Panama City›32408›5500 Beach Dr Unit 18

This home is located at 5500 Beach Dr Unit 18 in Panama City Beach, FL and zip code 32408 in the Biltmore Beach neighborhood. This 416 square foot home, which was built in 1981, sits on a 0.02 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since June 04, 2024 and is currently priced at $145,000.

Over 13 listings were sold over their listed price in November 2024 in Panama City, FL. In the same period over 120 listings were sold below the listed price and 33 listings were sold for the listed price. Between October 2024 and November 2024, Panama City, FL real estate market has seen decrease in the number of listings by 3.9%. Listings spent 79 days on the market in November 2024, and had a median list price of $339,223 during the same period.

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

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