17281 Front Beach Road 401, Panama City Beach, FL 32413 (MLS# 757987)

17281 Front Beach Road 401, Panama City Beach, FL 32413

$1,160,000

17281 Front Beach Rd 401 Panama City Bea

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,849 Status: Sold

Current Price: $1,160,000 List Date: 6/01/2024 Last Modified: 1/16/2025

Overview

Description

Welcome to Palazzo 401, a breathtaking condo that checks nearly every box for the discerning buyer. Located on the 4th floor, this beach retreat has unparalleled southern and eastern views of Panama City Beach's coastline, and an extremely spacious floorplan suitable for a large family or to accommodate for strong vacation rental income. Palazzo is one of the newer condos in Panama City Beach (2008), and since completion has always been regarded as one of the luxury products in Panama City Beach. Located on most popular west end of the beach, there is more peace and quiet at this location than other buildings running along the beach, while also being only a 15-minute drive to Rosemary Beach and the beaches of 30A. This beautiful property is equipped with 9-foot ceilings, floor to ceiling glass windows wrapping the living and dining areas, and master bedroom. Boasting a 220 sqft balcony, there is room for all guests to enjoy the crashing waves of the beautiful Emerald Coast. Curr … (Read more) Welcome to Palazzo 401, a breathtaking condo that checks nearly every box for the discerning buyer. Located on the 4th floor, this beach retreat has unparalleled southern and eastern views of Panama City Beach’s coastline, and an extremely spacious floorplan suitable for a large family or to accommodate for strong vacation rental income. Palazzo is one of the newer condos in Panama City Beach (2008), and since completion has always been regarded as one of the luxury products in Panama City Beach. Located on most popular west end of the beach, there is more peace and quiet at this location than other buildings running along the beach, while also being only a 15-minute drive to Rosemary Beach and the beaches of 30A. This beautiful property is equipped with 9-foot ceilings, floor to ceiling glass windows wrapping the living and dining areas, and master bedroom. Boasting a 220 sqft balcony, there is room for all guests to enjoy the crashing waves of the beautiful Emerald Coast. Currently configured to sleep 8-10 guest, the rental income has been solid for this unit, achieving over 65,000 in gross income in 2023, with 3 weeks of time being blocked off for repainting of the building and with several weeks of owner usage. Take a look at the projections of over 100k in the documents section! Sellers currently manage by-owner and will help the new owners with the transition to self-managing if so desired. With only 129 units, Palazzo is a lower density building compared to the other condos in PCB, and for this reason has always been a desirable location for private second-home owners, those looking for a vacation rental, and even for many primary residents. This property is in excellent condition, with new paint and some new furniture. It also comes with a deeded exterior storage closet large enough to store bikes, kayaks and paddle boards. There are many condos on the beach to choose from. Some of these condos are built more for strictly vacation rentals, and a few that built more for noon rental purposes. Here at Palazzo, you will get the best of both worlds! Come see this luxury masterpiece and you will see what has drawn buyers to these floorpans since it’s conception!

Listing Details MLS# 757987

Contract Info

List Price/SqFt: 689.51

Location

Area: 03 – Bay County – Beach
Street #: 17281
Street Name: Front Beach
Street Suffix: Road
Unit #: 401
State: FL
Zip Code: 32413
County: Bay
Sub Area: 0325 – Beach – West South
Subdivision: Palazzo
Community/Resort: None
Waterfront: Yes
Parcel ID: 40001-150-018
Elementary School: West Bay
Middle School: Surfside
High School: Arnold
Directions: From Hwy 79 South, turn left on Front Beach Road. Palazzo is the first high rise on the left.
Legal Description: PALAZZO CONDOMINIUM UNIT 401 TYPE D ORB 3018 P 748 3BR 3BA ORB 4377 P 711 1849 H&C . 229 BALC . STORAGE LOCKER P1-11

General Property Info

Sub-Type: Condominium
Floor Number: 4
Design: High-Rise (8+ floors)
Apx SqFt(Htd/Cooled): 1849
SqFt Source: Prop App Site
Full Baths: 3
Total Baths: 3
Year Built: 2008
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Covered Spaces: 2
Lot Dimensions: NA

Status Change Info

Under Contract Date: 2024-11-30
Sold Date: 2025-01-15
Sold Price/SqFt: 627.37

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 1494.48
HOA Frequency: Monthly
HOA Annual Amount: 17933.76
New Buyer Fee: No
New Buyer Fee Paid: $
Last Taxes: 10311
Last Tax Year: 2023
Brokerage Interest: No Interest
Condo Doc: Yes

Remarks & Misc

Remarks: Welcome to Palazzo 401, a breathtaking condo that checks nearly every box for the discerning buyer. Located on the 4th floor, this beach retreat has unparalleled southern and eastern views of Panama City Beach's coastline, and an extremely spacious floorplan suitable for a large family or to accommodate for strong vacation rental income. Palazzo is one of the newer condos in Panama City Beach (2008), and since completion has always been regarded as one of the luxury products in Panama City Beach. Located on most popular west end of the beach, there is more peace and quiet at this location than other buildings running along the beach, while also being only a 15-minute drive to Rosemary Beach and the beaches of 30A. This beautiful property is equipped with 9-foot ceilings, floor to ceiling glass windows wrapping the living and dining areas, and master bedroom. Boasting a 220 sqft balcony, there is room for all guests to enjoy the crashing waves of the beautiful Emerald Coast. Currently configured to sleep 8-10 guest, the rental income has been solid for this unit, achieving over 65,000 in gross income in 2023, with 3 weeks of time being blocked off for repainting of the building and with several weeks of owner usage. Take a look at the projections of over 100k in the documents section! Sellers currently manage by-owner and will help the new owners with the transition to self-managing if so desired. With only 129 units, Palazzo is a lower density building compared to the other condos in PCB, and for this reason has always been a desirable location for private second-home owners, those looking for a vacation rental, and even for many primary residents. This property is in excellent condition, with new paint and some new furniture. It also comes with a deeded exterior storage closet large enough to store bikes, kayaks and paddle boards. There are many condos on the beach to choose from. Some of these condos are built more for strictly vacation rentals, and a few that built more for noon rental purposes. Here at Palazzo, you will get the best of both worlds! Come see this luxury masterpiece and you will see what has drawn buyers to these floorpans since it's conception!

More Information

Pool Features

Heated – Electric: Yes
Inground: Yes
Spa/ Hot Tub: Yes

Appliances

Cooktop – Electric: Yes
Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range – Electric: Yes
Refrigerator: Yes
Washer: Yes
Water Heater – Electric: Yes

Interior Features

Ceiling – Crwn Molding: Yes
Ceiling – Raised: Yes
Closet Owner: Yes
Floor – Tile: Yes
Kitchen Island: Yes
Lighting – Recessed: Yes
Lighting – Track: Yes
Pantry: Yes
Window – Treatment All: Yes

Construction/Siding

Block: Yes

Exterior

Balcony: Yes

Waterfront Feature

Shore – Beach: Yes

Association Fees Include

Accounting: Yes
Beach: Yes
Community Room: Yes
Conference Center: Yes
Dumpster: Yes
Exercise Room: Yes
Gated Community: Yes
Ground Keeping: Yes
Internet Service: Yes
Pest Control: Yes
Pool: Yes
Repairs/Maintenance: Yes
Security: Yes
Separate Storage: Yes
Sewer: Yes
Trash Disposal: Yes
TV Cable: Yes
Water: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Furnished: Yes

Interior

Smart Thermostat: Yes

Living Room

First: Yes

Parking Features

Electric Gate: Yes
Garage Attached: Yes

Mstr Bath / Mstr Bdrm

MBath Double Vanity: Yes
MBath Separate Shwr: Yes
MBath Whirlpool: Yes
MBed Balcony: Yes
MBed Walk-in Closet: Yes
MBed Waterfront: Yes

Present Zoning

Resid Multi-Family: Yes

Association Amenities

BBQ Pit/Grill: Yes
Beach: Yes
Community Room: Yes
Dumpster: Yes
Elevators: Yes
Exercise Room: Yes
Pool: Yes
Separate Storage: Yes
Waterfront: Yes
Whirlpool: Yes
Recreation Facilities: Yes

Rooms

Bedroom: Yes
Living Room: Yes
Master Bedroom: Yes

Utilities

Cable – Available: Yes
Electricity – Availabile: Yes
Internet – Broadband Available: Yes
Phone – Available: Yes

Waterview

Gulf: Yes
Lake: Yes

Sale Type

As Is: Yes

Waterfront Type

Gulf: Yes

Master Bedroom

First: Yes

Bedroom

First: Yes

Cooling

Electric: Yes

Heating

Electric: Yes

Security Features

24 Hour Security: Yes
Fire Alarm: Yes
Fire Sprinkler System: Yes
Key Card Entry: Yes
Security Gate: Yes

Property Features

Appliances: Cooktop – Electric; Dishwasher; Dryer; Microwave; Range – Electric; Refrigerator; Washer; Water Heater – Electric Master Bedroom: First Bedroom: First Cooling: Electric Heating: Electric Exterior: Balcony Association Fees Include: Accounting; Beach; TV Cable; Community Room; Dumpster; Exercise Room; Gated Community; Internet Service; Ground Keeping; Repairs/Maintenance; Conference Center; Pest Control; Pool; Security; Separate Storage; Sewer; Trash Disposal; Water Financing: Cash; Conventional Furnished: Furnished Interior: Smart Thermostat Living Room: First Pool Features: Heated – Electric; Inground; Spa/ Hot Tub Security Features: 24 Hour Security; Fire Alarm; Fire Sprinkler System; Key Card Entry; Security Gate Parking Features: Electric Gate; Garage Attached Association Amenities: BBQ Pit/Grill; Beach; Community Room; Dumpster; Elevators; Exercise Room; Pool; Recreation Facilities; Separate Storage; Whirlpool; Waterfront Rooms: Bedroom; Living Room; Master Bedroom Sale Type: As Is Utilities: Cable – Available; Electricity – Availabile; Internet – Broadband Available; Phone – Available Waterfront Type: Gulf Waterfront Feature: Shore – Beach Waterview: Gulf; Lake Present Zoning: Resid Multi-Family

Room Information

Room Name	Level	Dimensions	Length	Width
Master Bedroom	First	11.7 x 15	11.70	15.00
Bedroom	First	12.1 x 17.2	12.10	17.20
Bedroom	First	12.4 x 10	12.40	10.00
Living Room	First	27 x 15	27.00	15.00

Listing Office: Compass Florida, LLC

Last Updated: January – 16 – 2025

Information deemed reliable but not guaranteed.