1508 Elma Ruth Drive, Panama City, FL 32409

$875,000
Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 5,520 Lot Size (sq. ft.): 15,028 Status: Sold
Current Price: $895,000 List Date: 3/17/2022 Last Modified: 9/24/2024

Description

CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Waterfront Investment/ Dream Home Opportunity on North Bay! One of the Best Waterfront and Sunset Views in Panama City! This home has been rebuilt bigger and better! New Hardie Board siding, New roof, New windows, New decks, patio, and stairs, New electrical and plumbing, New AC ducts, security system, New lighting, New concrete and driveway, New vinyl seawall, and more! This home also includes Brand new Brazilian teak hardwood flooring, (Cumaru), plus many other building supplies including a new Jacuzzi tub, shower towers, tile, lighting, and so much more! The home is ready for your finishing touches! When it is finished there should be approximately a quarter million dollars equity, if not more!

Supplements: Perfect sunset views over the water everyday from your back balcony. You have just found the best sunset view on the bay. This beautiful 3 story bay front home has expansive and unobstructed 180° views of St. Andrews Bay all the way to the beach. There are no HOA’s to deal with and you have the freedom to park your boat, RV, or whatever toys you may happen to have. The house is currently unfinished and ready for you to add your vision to make your dream of waterfront living come true. Bring your contractor and see the potential ROI. This is a special opportunity for the right person who is looking to have equity and a newly finished home. The house features outdoor waterproof decks on 2nd and 3rd levels with lovely glass balusters on site, two-story living room with electric fireplace and elegant waterfront dining/Florida room. The kitchen is designed to have dual ranges and dual dishwashers, 2 large bars, and a built-in breakfast area for entertaining. The laundry room is prepped for dual washers and dryers. The extra-large master bedroom has double door entry to vaulted ceilings and exquisite views from your bed and private balcony. Double door entry to the large master bath with a huge porthole window that faces east for the sunrise. The master bathroom is designed for beauty in form and function. It will feature dual vanities, a make-up vanity, freestanding jetted and air tub, and a huge walk-in shower with 2 shower towers with dual 20×20 Rainfall heads in the center with direct views of the sunrise every morning. The first floor features a 4-car garage with a shop area and a mudroom that is ready for a fridge/freezer with separate icemaker. The media/game room with projector hook up is wired for in ceiling 7.2 surround. The outdoor back patio is covered by a waterproof deck and a drain is in place for the outdoor kitchen. There are also two (2) -50amp RV hookups with drains on the property. The property is privately located at the end of the street with easy access to town and less than 30 minutes to the beach.

More Information MLS# 723748

Listing Info, Tax and Legal

Homestead: Yes HOA Fee: No Is Subject Leased: No New Buyer Fee: No Last Taxes: 3303 Last Tax Year: 2021 Brokerage Interest: No Interest As Is: Yes

Contract Info

List Price/SqFt: 162.14 Status: Sold List Date: 2022-03-16 List Price: $895,000 Current Price: $875,000

Location

Sub Area: 0410 – Bay North – West Deerpoint/Southport Community/Resort: None Waterfront: Yes Elementary School: Southport Middle School: Deane Bozeman High School: Deane Bozeman Directions: From Lynn Haven, north on Hwy 77, cross over Bailey Bridge, left on Marina Bay Dr (just past Marina Bay Condominium), right on W Smith Rd, left on Elma Ruth Dr, last home on left. Area: 04 – Bay County – North Street #: 1508 Street Name: Elma Ruth Street Suffix: Drive State: FL Zip Code: 32409 County: Bay Subdivision: Carrie Bell Pt. Parcel ID: 08580-001-000 Legal Description: CARRIE BELLE’S POINT 101C(2.01 PT OF LOT 2 BLK 3 DESC AS: BEG AT SE COR LOT 2 TH SWLY 194.95′ TO WATERS EDGE TH NWLY ALG WATER 87.41′ TH NELY 192.80′ TO PT ON CULDESAC TH SELY ALG RW 47.66′ SELY 22.76 TO POB ORB 3562 P 1401

General Property Info

Acreage: 0.34 Design: Craftsman Style Lot Size (SqFt): 15028 Apx SqFt(Htd/Cooled): 5520 Immediate Occupancy: Yes Construction Status: Under Construction SqFt Source: Builders Plans # of Stories in Building: 3 # of Units in Bldg: 3 Pre-Const Flip: No Lot Dimensions: 78×193 Garage Y/N: Yes Garage Spaces: 4 Beach Frontage: 82 Sub-Type: Detached Single Family Bedrooms: 5 Full Baths: 5 Total Baths: 5 Year Built: 2001

Remarks & Misc

Remarks: CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Waterfront Investment/ Dream Home Opportunity on North Bay! One of the Best Waterfront and Sunset Views in Panama City! This home has been rebuilt bigger and better! New Hardie Board siding, New roof, New windows, New decks, patio, and stairs, New electrical and plumbing, New AC ducts, security system, New lighting, New concrete and driveway, New vinyl seawall, and more! This home also includes Brand new Brazilian teak hardwood flooring, (Cumaru), plus many other building supplies including a new Jacuzzi tub, shower towers, tile, lighting, and so much more! The home is ready for your finishing touches! When it is finished there should be approximately a quarter million dollars equity, if not more!

Status Change Info

Sold Price/SqFt: 158.51 Sold Price/Acre: 2573529.41 Under Contract Date: 2022-07-13 Sold Date: 2022-08-24 Sold Price: $875,000

Dining Room

Second: 1

Garage

First: 1

Laundry

Second: 1

Master Bathroom

Third: 1

Media Room

First: 1

Mud Room

First: 1

Workshop

First: 1

Interior Features

Washer/Dryer Hookup: 1 Ceiling – Raised: 1 Fireplace: 1 Inside Storage: 1 Kitchen Island: 1 Lighting – Recessed: 1 Needs Work: 1 Security System: 1 Split Bedroom: 1 Stairs: 1

Construction/Siding

Foundation – Slab on Grade: 1 Foundation – Stilts: 1 Roof – Composite Shngl: 1 Roof – Dimensional Shg: 1 Siding – Hardie Board: 1 Trim – Hardie Board: 1 Trim – Wood: 1

Exterior

Balcony: 1 Deck Open: 1 Double Pane Windows: 1 Patio Covered: 1

Waterfront Feature

Bulkhead/Seawall: Bulkhead/Seawall, Bulkhead/Seawall Shore – Seawall: 1 Waterfront Feet: 82 Bulkhead/Seawall: 1

Financing

Cash: 1 Conventional: 1

Furnished

Unfurnished: 1

Interior

Bonus Room: 1

Kitchen

Second: 1

Living Room

Second: 1

Lot Features

Cleared: 1 Cul-De-Sac: 1 Dead End: 1 Flood Insurance Req: 1 Interior Lot: 1 Near Public Boat Ramp: 1 Survey Available: 1 Waterfront: 1 Within 1/2 Mile to Water: 1

Lot Access

County Road: 1 Dirt/Clay Road: 1 Graded/Maintained: 1

Parking Features

Garage: 1 Golf Cart Covered: 1 Oversized: 1 RV Access/Parking: 1

Mstr Bath / Mstr Bdrm

MBath Whirlpool: 1 MBed Balcony: 1 MBed Walk-in Closet: 1 MBed Waterfront: 1

Present Zoning

County: 1 Resid Single Family: 1

Rooms

Bedroom: 1 Dining Room: 1 Garage: 1 Kitchen: 1 Laundry: 1 Living Room: 1 Master Bathroom: 1 Master Bedroom: 1 Media Room: 1 Mud Room: 1 Workshop: 1

Utilities

TV Cable: 1 Electricity – Connected: 1 Phone – Connected: 1 Water Connected: 1 Septic Tank: 1 Underground Utilities: 1

Waterview

Bay: 1

Sale Type

As Is: 1

Waterfront Type

Bay/Harbor: 1

Master Bedroom

Third: 1

Bedroom

First: 1 Second: 1 Third: 1

Cooling

Central Air: 1 Electric: 1 Multi Units: 1

Heating

Central: 1 Electric: 1 Fireplace – Electric: 1

Security Features

Prewired: 1 Security Lights: 1 Security System: 1 Security System Owned: 1

Property Features

Master Bedroom: Third Bedroom: First; Second; Third Cooling: Central Air; Electric; Multi Units Heating: Central; Electric; Fireplace – Electric Exterior: Balcony; Deck Open; Double Pane Windows; Patio Covered Financing: Cash; Conventional Furnished: Unfurnished Interior: Bonus Room Kitchen: Second Living Room: Second Lot Features: Cleared; Cul-De-Sac; Dead End; Flood Insurance Req; Interior Lot; Near Public Boat Ramp; Survey Available; Waterfront; Within 1/2 Mile to Water Lot Access: County Road; Dirt/Clay Road; Graded/Maintained Master Bathroom: Third Dining Room: Second Garage: First Laundry: Second Mud Room: First Media Room: First Security Features: Prewired; Security Lights; Security System; Security System Owned Workshop: First Parking Features: Garage; Golf Cart Covered; Oversized; RV Access/Parking Rooms: Bedroom; Dining Room; Garage; Kitchen; Laundry; Living Room; Master Bathroom; Master Bedroom; Media Room; Mud Room; Workshop Sale Type: As Is Utilities: TV Cable; Electricity – Connected; Phone – Connected; Septic Tank; Underground Utilities; Water Connected Waterfront Type: Bay/Harbor Waterfront Feature: Shore – Seawall Waterview: Bay Present Zoning: County; Resid Single Family

Room Information

Living Room Level: Second Dimensions: 21 x 17 Length: 21.00 Width: 17.00 Dimensions: 21 x 17 Remarks: Water View Kitchen Level: Second Dimensions: 23 x 17 Length: 23.00 Width: 17.00 Dimensions: 23 x 17 Remarks: Water View Dining Room Level: Second Dimensions: 21 x 11 Length: 21.00 Width: 11.00 Dimensions: 21 x 11 Remarks: Water View Master Bedroom Level: Third Dimensions: 12 x 21 Length: 12.00 Width: 21.00 Dimensions: 12 x 21 Remarks: Water View Master Bathroom Level: Third Dimensions: 17 x 12 Length: 17.00 Width: 12.00 Dimensions: 17 x 12 Bedroom Level: Third Dimensions: 13 x 16 Length: 13.00 Width: 16.00 Dimensions: 13 x 16 Bedroom Level: Second Dimensions: 11 x 12 Length: 11.00 Width: 12.00 Dimensions: 11 x 12 Bedroom Level: Second Dimensions: 13 x 16 Length: 13.00 Width: 16.00 Dimensions: 13 x 16 Bedroom Level: First Dimensions: 11 x 14 Length: 11.00 Width: 14.00 Dimensions: 11 x 14 Media Room Level: First Dimensions: 20 x 17 Length: 20.00 Width: 17.00 Dimensions: 20 x 17 Mud Room Level: First Dimensions: 11 x 7 Length: 11.00 Width: 7.00 Dimensions: 11 x 7 Remarks: Water View Workshop Level: First Dimensions: 28 x 11 Length: 28.00 Width: 11.00 Dimensions: 28 x 11 Remarks: Water View / Central Heated & Cooled Garage Level: First Dimensions: 21 x 32 Length: 21.00 Width: 32.00 Dimensions: 21 x 32 Remarks: Central Heated & Cooled Laundry Level: Second Dimensions: 8 x 6 Length: 8.00 Width: 6.00 Dimensions: 8 x 6
Listing Office: Coldwell Banker Realty
Last Updated: September – 24 – 2024
Information deemed reliable but not guaranteed.