Property
Beds
3
Full Baths
3
1/2 Baths
None
Year Built
2007
Sq.Footage
1,400
ANOTHER MAJOR PRICE IMPROVEMENT! This Gulf-front 3BR/3BA penthouse at Shores of Panama is now offered at an even more compelling value and presents a rare opportunity for investors, second-home buyers, or anyone wanting a true beachfront penthouse in Panama City Beach. Perfectly positioned on the end of the U-shaped building, this unit offers sweeping, unobstructed Gulf views from an expansive wrap-around balcony, including beautiful sunrise views over the coastline. The spacious 3-bedroom, 3-bath layout is ideal for personal use or vacation rental income, while the penthouse elevation provides added privacy and an exceptional vantage point. The unit also conveys with a dedicated parking space and private storage closet, valuable extras rarely found with competing properties. Shores of Panama offers direct beach access, a lagoon-style Gulf-front pool, hot tubs, fitness center, on-site dining, and an unbeatable location steps from Pineapple Willy's, 810 Billiards & Bowling, shopping, dining, and entertainment. Well-positioned 3BR units in the building commonly generate approximately $80K-$90K annually, with upside potential into the $100K range when professionally optimized. With another significant price reduction, premium penthouse features, and exceptional Gulf-front positioning, Unit 2331 stands out as one of the most compelling opportunities currently available at Shores of Panama. with upside into the $100K range when optimized.
Features & Amenities
Interior
-
Other Interior Features
Breakfast Bar
-
Total Bedrooms
3
-
Bathrooms
3
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Concrete, Masonite, Stucco
-
Other Exterior Features
Balcony
-
Pool
No
-
Waterfront YN
YES
Area & Lot
-
Lot Features
Waterfront
-
Property Type
Residential
-
Property Sub Type
Condominium
-
Architectural Style
N/A
Price
-
Sales Price
$615,000
-
Tax Amount
$6,692.58
-
Sq. Footage
1,400
-
Price/SqFt
$439
HOA
-
Association
YES
-
Association Fee
$4,500
-
Association Fee Frequency
Quarterly
-
Association Fee Includes
N/A
School District
-
Elementary School
Breakfast Point
-
Middle School
Breakfast Point
-
High School
Arnold
Property Features
-
Stories
23
-
New Construction
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Bay
Elementary School
Breakfast Point
Middle School
Breakfast Point
High School
Arnold
Listing Courtesy of Marcy L O'Donnell, Luxe Coastal Realty
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REALTOR®
Ricky Robbins
Call Ricky today to schedule a private showing.
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