$495,000 Price Analysis    ♡   Panama City, FL 32408 3 bed 2 bath 1,456 SqFt ($339/SqFt) Built 1975 Listed 2024-05-10, HOA $999, Taxes $3,154 | Ⓧ USDA Ineligible due to location near Panama City |
Discover this exceptional lower level
3-bedroom, 2-bathroom unit at the highly sought-after Regency Towers, notable for its substantial upgrades and robust rental performance. This unit features sliders to the balcony and windows that were replaced in 2019 with hurricane/impact grade materials for enhanced safety and durability. The interior welcomes you with beadboard and chair rail in the entry hall and is elegantly detailed with crown molding throughout.Significantly, this condo benefits from a dryer vented to the exterior, an upgrade made in 2022 that is uncommon in most Regency units, enhancing both safety and efficiency. The HVAC system is well-maintained, having been in place for 7 years, while the dishwasher and microwave were replaced 3 years ago.Financially, the unit has demonstrated strong rental income, generating $49, 000 in 2022 and $50, 000 in 2023 through VRBO bookings.
This revenue was achieved despite the owners reserving three weeks each in the spring and fall for personal use and not actively pursuing additional bookings. The u nit maintains a high desirability on VRBO, reflected in its 4.8-star rating.Milestone inspections confirm that the major structural components are in good and serviceable condition. Residents and guests of Regency Towers enjoy access to two large swimming pools, one of which is heated during the winter months, an indoor hot tub, Bikini Bob's Poolside Cafe, game room, exercise room and of course, the World's Most Beautiful Beaches!Regency Towers is strtegically located near top-rated restaurants, St. Andrews State Park and Panama City Beach's newest sports park.Set on Thomas Drive, a convenient four-lane street, this property offers both a premium lifestyle and investment opportunity.All information is believed to be correct but should be verified by the buyer. This unit represents a perfect blend of luxury, comfort and profitability, making it a must-see on your list.
Presented by Darrell and Angela Turner at
COUNTS REAL ESTATE GROUP INC.
Property MLS #756914 from CPARMLS
Primary Bedroom Dimensions: 15 x 12
Primary Bedroom Level: First
Full Bathrooms: 2
Dishwasher
ElectricWaterHeater
Microwave
Refrigerator
Bedroom Level: First
Bedroom: 13 x 12
Bedroom Level: First
Living Room Dimensions: 23 x 12
Living Room Level: First
Heating Features: Central, Electric
Heating: Yes
Kitchen Level: First
OutdoorShower
Pool
Patio And Porch Features: Balcony
Road Frontage Type: CountyRoad
Road Surface Type: Paved
Spa Features: Community
Parking Features: Open, Paved, ParkingLot
Security Features: GatedwithGuard, GatedCommunity, Item24HourSecurity, SecurityService
Association Amenities: BeachRights, GameRoom, Gated
Association Fee: 2997
Association Fee Frequency: Quarterly
Association Fee Includes: AssociationManagement, Clubhouse, Internet, LegalAccounting, MaintenanceGrounds, PestControl, Pools, Sewer, Security, Trash, Water
Calculated Total Monthly Association Fees: 999
High School: Arnold
Middle School: Surfside
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Bay
Directions: Coming from Hathaway bridge turn left onto Thomas Dr continuing around the curve. Regency will be on the left - gulf front. After going thru the gate, go left into the parking lot.
Tax Year: 2023
Source Property Type: Residential
Property Subtype: condo
MLS Area Minor: 0323 - Beach - South of Grand Lagoon
Source Neighborhood: Regency Towers
Parcel Number: 32382-034-000
Postal City: Panama City
Subdivision: Regency Towers
Property Subtype: Condominium
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $201,256 | $3,154 |
| 2021 | $unknown + $unknown $188,175 | $2,459 |
| 2020 | $unknown + $unknown $171,068 | $2,213 |
| 2019 | $155,516 + $unknown $155,516 | $1,956 |
| 2018 | $182,960 + $unknown $182,960 | $2,330 |
| 2017 | $174,250 + $unknown $174,250 | $2,235 |
| 2016 | $195,000 + $unknown $195,000 | $2,543 |
| 2015 | $unknown + $unknown $187,825 | $2,528 |
| 2014 | $unknown + $unknown $170,750 | $2,290 |
| 2013 | $unknown + $unknown $170,750 | $2,034 |
| 2012 | $unknown + $unknown $170,000 | $2,027 |
| 2011 | $unknown + $unknown $165,700 | $2,020 |
| 2010 | $unknown + $unknown $169,085 | $2,072 |
| 2009 | $unknown + $unknown $214,032 | $2,660 |
| 2008 | $unknown + $unknown $214,796 | $2,472 |
| 2007 | $unknown + $unknown $248,711 | $2,819 |
$495,000
CPARMLS
Listing removed 2024-05-05
$0
CPARMLS
Price Changed 2023-09-18
$515,000
CPARMLS
Price Changed 2023-08-11
$529,900
CPARMLS
Listed 2023-06-12
$559,000
CPARMLS
Sold 2003-06-09
$234,100
Public Record
Sold 1994-06-01
$94,000
Public Record
Year Built: 1975
Construction Materials: Block, Concrete, Stucco
Entry Level: 3
Foundation Details: PillarPostPier
Living Area Source: Appraiser
Property Age: 49
Roof: Flat, Membrane
House Style: HighRise
Architectural Style: HighRise
WaterConnected
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.