Homes for sale - 17281 Front Beach RD #401, Panama City Beach, FL 3...

LPT Realty

DRE# 01963830

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$ 1,160,000

$ 1,274,900 9.0%

Est. payment | -/mo

3 Beds

3 Baths

1,849 SqFt

$ 1,160,000

$ 1,274,900 9.0%

Est. payment | -/mo

3 Beds

3 Baths

1,849 SqFt

Key Details

Sold Price $1,160,000

Property Type Condo

Sub Type Condominium

Listing Status Sold

Purchase Type For Sale

Square Footage 1,849 sqft

Price per Sqft $627

Subdivision Palazzo

MLS Listing ID 757987

Sold Date 01/15/25

Style High Rise

Bedrooms 3

Full Baths 3

HOA Fees $1,494/mo

HOA Y/N Yes

Year Built 2008

Annual Tax Amount $10,311

Tax Year 2023

Property Sub-Type Condominium

Property Description

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 Beach's 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 it's conception!

Location

State FL

County Bay

Community Barbecue, Beach, Clubhouse, Elevator, Fitness Center, Pool, Recreation Area, Storage Facilities, Short Term Rental Allowed, Waterfront

Area 03 - Bay County - Beach

Interior

Interior Features High Ceilings, Kitchen Island, Pantry, Recessed Lighting, Smart Thermostat, Track Lighting

Heating Electric

Cooling Electric

Furnishings Furnished

Fireplace No

Appliance Dryer, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer

Exterior

Exterior Feature Balcony

Parking Features Attached, Electric Gate, Garage

Pool Electric Heat, In Ground, Community

Community Features Barbecue, Beach, Clubhouse, Elevator, Fitness Center, Pool, Recreation Area, Storage Facilities, Short Term Rental Allowed, Waterfront

Utilities Available Cable Available

Amenities Available Beach Rights, Gated, Storage

Waterfront Description Gulf,Shoreline - Sand

View Y/N Yes

Water Access Desc Gulf,Shoreline - Sand

View Gulf, Lake

Porch Balcony

Building

Architectural Style High Rise

Schools

Elementary Schools West Bay

Middle Schools Surfside

High Schools Arnold

Others

HOA Fee Include Clubhouse,Cable TV,Internet,Legal/Accounting,Maintenance Grounds,Maintenance Structure,Pest Control,Pool(s),Sewer,Security,Trash,Water

Tax ID 40001-150-018

Security Features Fire Alarm,Fire Sprinkler System,24 Hour Security,Key Card Entry

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

Special Listing Condition Listed As-Is

Listed by Compass Florida, LLC
Bought with Berkshire Hathaway HomeServices Beach Properties of Florida

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17281 Front Beach RD #401 Panama City Beach, FL 32413