16819 Front Beach Road 417, Panama City Beach, FL 32413

$820,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,670 Status: Sold
Current Price: $849,000 List Date: 4/12/2024 Last Modified: 9/27/2024

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.

Supplements: 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.

More Information MLS# 755568

Listing Info, Tax and Legal

HOA Fee: Yes HOA Amount: 3827 HOA Frequency: Quarterly HOA Annual Amount: 15308 New Buyer Fee: No Brokerage Interest: No Interest Condo Doc: Yes

Contract Info

List Price/SqFt: 508.38 Status: Sold List Date: 2024-04-12 List Price: $849,000 Current Price: $820,000

Location

Unit #: 417 Sub Area: 0318 – Beach – Central South Community/Resort: None Waterfront: Yes Elementary School: Hutchison Beach Middle School: Surfside High School: Arnold Directions: From the intersection of Highway 79 and Panama City Beach Parkway, go South on Arnold to Front Beach Road. Take a left and Tidewater Resort will be on the Gulf side within the first half mile. Area: 03 – Bay County – Beach Street #: 16819 Street Name: Front Beach Road State: FL Zip Code: 32413 County: Bay Subdivision: Tidewater Beach Phase II Parcel ID: 40000-975-042 Legal Description: TIDEWATER BEACH PHASE II UNIT 417 TYPE J ORB 2973 P 1731 3BR 3BA BUNK ORB 4512 P 981 1670 TOTAL SF

General Property Info

Design: High-Rise (8+ floors) Apx SqFt(Htd/Cooled): 1670 Construction Status: Construction Complete SqFt Source: Prop App Site Lot Dimensions: 0x0 Garage Y/N: No Sub-Type: Condominium Bedrooms: 3 Full Baths: 3 Total Baths: 3 Year Built: 2007

Remarks & Misc

Remarks: 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.

Status Change Info

Sold Price/SqFt: 491.02 Under Contract Date: 2024-04-24 Sold Date: 2024-05-03 Sold Price: $820,000

Pool Features

Inground: 1

Appliances

Dishwasher: 1 Microwave: 1 Range – Electric: 1 Refrigerator: 1 Washer/Dryer Stacked: 1 Water Heater – Electric: 1

Interior Features

Washer/Dryer Hookup: 1 Breakfast Bar: 1 Closet Owner: 1 Floor – Tile: 1 Pantry: 1 Window – Treatment All: 1

Construction/Siding

Concrete: 1

Exterior

Balcony: 1 Pool: 1

Association Fees Include

BBQ Pit/Grill: 1 Beach: 1 Community Room: 1 Dumpster: 1 Exercise Room: 1 Fishing: 1 Game Room: 1 Ground Keeping: 1 Internet-WiFi: 1 Picnic Area: 1 Pool: 1 Sauna/Steam Room: 1 Security: 1 Sewer: 1 Theater: 1 Trash Disposal: 1 TV Cable: 1 Water: 1

Furnished

Furnished: 1

Interior

Bunk Hallway: 1

Kitchen

First: 1

Living Room

First: 1

Lot Features

Within 1/2 Mile to Water: 1

Parking Features

Covered: 1 Garage: 1

Mstr Bath / Mstr Bdrm

MBath Shower/Tub Combo: 1

Association Amenities

Beach: 1 Community Room: 1 Dumpster: 1 Elevators: 1 Exercise Room: 1 Fishing: 1 Game Room: 1 Pool: 1 Sauna/Steam Room: 1 Security-24 hour: 1 Other – See Remarks: 1

Rooms

Bedroom: 1 Kitchen: 1 Living Room: 1 Master Bedroom: 1

Utilities

Electricity – Connected: 1 Garbage: 1 Public Sewer – Connected: 1 Water Connected: 1

Waterview

Gulf: 1

Waterfront Type

Gulf: 1

Master Bedroom

First: 1

Bedroom

First: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1 Electric: 1

Heating

Central: 1 Electric: 1

Security Features

Building Security: 1 Smoke Detector(s): 1

Property Features

Appliances: Dishwasher; Microwave; Range – Electric; Refrigerator; Washer/Dryer Stacked; Water Heater – Electric Master Bedroom: First Bedroom: First Cooling: Ceiling Fan(s); Central Air; Electric Heating: Central; Electric Exterior: Balcony; Pool Association Fees Include: BBQ Pit/Grill; Beach; TV Cable; Community Room; Dumpster; Fishing; Exercise Room; Game Room; Internet-WiFi; Ground Keeping; Picnic Area; Pool; Sauna/Steam Room; Security; Sewer; Theater; Trash Disposal; Water Furnished: Furnished Interior: Bunk Hallway Kitchen: First Living Room: First Lot Features: Within 1/2 Mile to Water Pool Features: Inground Security Features: Building Security; Smoke Detector(s) Parking Features: Covered; Garage Association Amenities: Beach; Community Room; Dumpster; Elevators; Fishing; Exercise Room; Game Room; Pool; Sauna/Steam Room; Security-24 hour; Other – See Remarks Rooms: Bedroom; Kitchen; Living Room; Master Bedroom Utilities: Electricity – Connected; Garbage; Public Sewer – Connected; Water Connected Waterfront Type: Gulf Waterview: Gulf

Room Information

Master Bedroom Level: First Dimensions: 14 x 14 Length: 14.00 Width: 14.00 Dimensions: 14 x 14 Remarks: Measurements approximate; buyer to verify Bedroom Level: First Dimensions: 14 x 11 Length: 14.00 Width: 11.00 Dimensions: 14 x 11 Bedroom Level: First Dimensions: 14 x 12 Length: 14.00 Width: 12.00 Dimensions: 14 x 12 Living Room Level: First Dimensions: 20 x 18 Length: 20.00 Width: 18.00 Dimensions: 20 x 18 Kitchen Level: First Dimensions: 12 x 10 Length: 12.00 Width: 10.00 Dimensions: 12 x 10
Listing Office: Keller Williams Realty Emerald
Last Updated: September – 27 – 2024
Information deemed reliable but not guaranteed.