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16819 Front Beach Road #417 Panama City Beach, FL 32413
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Key Details
Sold Price $820,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,670 sqft
Price per Sqft $491
Subdivision Tidewater Beach Phase Ii
MLS Listing ID 755568
Sold Date 05/03/24
Style High Rise
Bedrooms 3
Full Baths 3
HOA Fees $1,275/qua
HOA Y/N Yes
Year Built 2007
Property Sub-Type Condominium
Property Description
Tidewater Beach Resort #417 in Panama City Beach, Florida, is a highly desirable property with its spacious three-bedroom, three-bathroom layout with 1670 square feet and stunning wraparound balcony. The unit has been recently remodeled with custom furnishings, making it an attractive option for both owners and renters alike.Despite the owner's frequent use of the property, it still generates substantial rental income. With the potential to exceed $70,000 in gross rental income when fully booked, it's clear that this condo offers a significant return on investment. Even with heavy owner usage, it has consistently brought in impressive rental income, showcasing its appeal to vacationers.With heavy owner usage, the condo generated $53,850.30 in rental income in 2022, $57,202.21 in 2023, and has already rented and booked $32,331.62 in 2024 (through April 11, 2024).Situated on the eastern corner of Tidewater, the condo boasts breathtaking views of the Emerald Coast's emerald waters. Its low-floor location provides added convenience, allowing residents to easily access the unit via stairs if desired.The amenities offered by Tidewater Beach Resort are top-notch, ensuring that guests have everything they need for a memorable stay. From multiple pools and hot tubs to a fitness center, game room, and even a movie theater, there's no shortage of entertainment options. Plus, the proximity to Pier Park, with its fireworks displays, adds an extra layer of excitement to the location.Overall, Tidewater Beach Resort #417 is a true delight for both owners and guests. Its combination of luxury, convenience, and income potential makes it a standout property in Panama City Beach.
Location
State FL
County Bay
Community Beach, Clubhouse, Elevator, Fitness Center, Fishing, Game Room, Other, Sauna, See Remarks, Short Term Rental Allowed, Pool
Area 03 - Bay County - Beach
Interior
Interior Features Breakfast Bar, Pantry
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Furnishings Furnished
Fireplace No
Appliance Washer/Dryer Stacked, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Laundry Washer Hookup, Dryer Hookup, Stacked
Exterior
Exterior Feature Balcony, Pool
Parking Features Covered, Garage
Pool In Ground, Community, Pool
Community Features Beach, Clubhouse, Elevator, Fitness Center, Fishing, Game Room, Other, Sauna, See Remarks, Short Term Rental Allowed, Pool
Utilities Available Electricity Connected, Sewer Connected, Trash Collection, Water Connected
Amenities Available Beach Rights, Game Room, Picnic Area
Waterfront Description Gulf
View Y/N Yes
Water Access Desc Gulf
View Gulf
Porch Balcony
Building
Architectural Style High Rise
Schools
Elementary Schools Hutchison Beach
Middle Schools Surfside
High Schools Arnold
Others
HOA Fee Include Clubhouse,Cable TV,Fishing Rights,Internet,Maintenance Grounds,Pool(s),Sewer,Security,Trash,Water
Tax ID 40000-975-042
Security Features Building Security,Smoke Detector(s),Security Service
Financing Cash
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Bought with Keller Williams Realty Emerald