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5801 S Thomas Drive, 1103, Panama City, FL 32408

$439,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,352 Status: Active
Current Price: $439,000 List Date: 5/05/2024 Last Modified: 5/16/2024

Description

Discover expansive coastal views from the moment you enter this beautifully remodeled condo at Regency Towers. Originally designed as a three-bedroom unit, it has been expertly converted into the largest two-bedroom, two-bathroom configuration in the building to maximize the stunning vistas of Panama City Beach's west end coastline. The unit is offered fully furnished, featuring ceramic wood-like tiles throughout, newly installed windows and sliding glass doors, solid core doors, and updated major appliances including an HVAC system from 2019 and a recently replaced stove. A front-loading stackable washer and dryer set is conveniently located in the hallway, with the dryer properly vented out. This short-term rental has exclusively been listed on the Regency Towers COA Website, generating $35k in NET rental income in 2023. Beach chair privileges are included until November 1st, 2024. Regency Towers has been a beloved destination in Panama City Beach for over 40 years. Situated in the South Lagoon area, it is less than five minutes from St. Andrews State Park and close to local attractions such as Cobra Arcade and Go-Karts, as well as popular eateries like Captain Jack's, Schooners, and Patches Pub. This gated complex boasts extensive amenities, including a children's pool, indoor hot tub, owner's lounge, fitness room, game room, outdoor picnic area with grills, boardwalk, two beachfront pools (both seasonally heated), poolside Bikini Bob's Grill & Bar, and a spacious grassy area. The property offers ample parking and 24-hour security services. All information is deemed reliable but should be verified by the buyer if important. Please note, pets are not allowed.

More Information MLS# 756670

Contract Info

Status: Active List Date: 2024-05-05 List Price: $439,000 List Price/SqFt: 324.7 Current Price: $439,000

Location

Area: 03 - Bay County - Beach Street #: 5801 Street Direction: S Street Name: Thomas Street Suffix: Drive Unit #: 1103 State: FL Zip Code: 32408 County: Bay Sub Area: 0323 - Beach - South of Grand Lagoon Subdivision: Regency Towers Community/Resort: None Waterfront: Yes Parcel ID: 32382-299-000 Elementary School: Patronis Middle School: Surfside High School: Arnold Directions: South on Joan Av, turn left into Thomas Drive, Eastbound 2.2 miles Regency Towers will be on your right . Legal Description: REGENCY TOWERS CONDO UNIT 1103 PLAN F ORB 516 P 267 2BR 2B (ORIG 3BR 2B)352 SQ FT ORB 4203 P 170 BALCONY 104 SQ FT

General Property Info

Sub-Type: Condominium Design: High-Rise (8+ floors) Apx SqFt(Htd/Cooled): 1352 SqFt Source: Prop App Site Balcony SqFt: 107 Bedrooms: 2 Full Baths: 2 Total Baths: 2 Floor Number: 11 Year Built: 1982 Construction Status: Construction Complete Garage Y/N: No Lot Dimensions: CONDO

Listing Info, Tax and Legal

Homestead: No HOA Fee: Yes HOA Amount: 2997.58 HOA Frequency: Quarterly HOA Annual Amount: 11990.32 New Buyer Fee: No Last Taxes: 4433 Last Tax Year: 2023 Brokerage Interest: No Interest Condo Doc: Yes

Remarks & Misc

Remarks: Discover expansive coastal views from the moment you enter this beautifully remodeled condo at Regency Towers. Originally designed as a three-bedroom unit, it has been expertly converted into the largest two-bedroom, two-bathroom configuration in the building to maximize the stunning vistas of Panama City Beach's west end coastline. The unit is offered fully furnished, featuring ceramic wood-like tiles throughout, newly installed windows and sliding glass doors, solid core doors, and updated major appliances including an HVAC system from 2019 and a recently replaced stove. A front-loading stackable washer and dryer set is conveniently located in the hallway, with the dryer properly vented out. This short-term rental has exclusively been listed on the Regency Towers COA Website, generating $35k in NET rental income in 2023. Beach chair privileges are included until November 1st, 2024. Regency Towers has been a beloved destination in Panama City Beach for over 40 years. Situated in the South Lagoon area, it is less than five minutes from St. Andrews State Park and close to local attractions such as Cobra Arcade and Go-Karts, as well as popular eateries like Captain Jack's, Schooners, and Patches Pub. This gated complex boasts extensive amenities, including a children's pool, indoor hot tub, owner's lounge, fitness room, game room, outdoor picnic area with grills, boardwalk, two beachfront pools (both seasonally heated), poolside Bikini Bob's Grill & Bar, and a spacious grassy area. The property offers ample parking and 24-hour security services. All information is deemed reliable but should be verified by the buyer if important. Please note, pets are not allowed.

Property Features

Appliances: Dishwasher; Microwave; Oven - Electric; Refrigerator; Washer/Dryer Stacked; Water Heater - Electric Full Bathroom: First Bedroom: First Cooling: Central Air; Electric Heating: Central; Electric Exterior: Balcony; Double Pane Windows Fees Include: Accounting; BBQ Pit/Grill; Beach; Community Room; Fitness Center; Game Room; Gated Community; Insurance; Internet-WiFi; Maintenance Grounds; Management; Picnic Area; Pool; Sauna/Steam Room; Sewer; Tennis Court(s); Trash Disposal; Water Financing: Cash; Conventional Furnished: Furnished Interior Features: Breakfast Bar; Owner's Closet; Floor Tile; Window Treatment All Kitchen: First Living Room: First Balcony: First Dining Room: First Family Room: First Pool Features: Heated - Electric; Inground Security Features: 24 Hour Security; Security Fence; Security Gate; Security Guard Parking Features: Gated; Parking Lot; RV Project Facilities: BBQ Pit/Grill; Elevators; Fitness Center; Gated Community; Meeting Room; Pool; Security-Gate; Short Term Rental Allowed; Whirlpool; Waterfront Rooms: Balcony; Bedroom; Dining Room; Family Room; Full Bathroom; Kitchen; Living Room Showing: ShowingTime Special List Prov: Condo Association Utilities: TV Cable; Electricity Connected; Garbage; Internet - Broadband Available Waterfront Type: Gulf Waterview: Gulf Present Zoning: Resid Multi-Family

Room Information

Kitchen Level: First Dimensions: 7.11 x 15.7 Length: 7.11 Width: 15.70 Dimensions: 7.11 x 15.7 Living Room Level: First Dimensions: 12.3 x 14.7 Length: 12.30 Width: 14.70 Dimensions: 12.3 x 14.7 Family Room Level: First Dimensions: 11.11 x 7.7 Length: 11.11 Width: 7.70 Dimensions: 11.11 x 7.7 Dining Room Level: First Dimensions: 11.1 x 16.8 Length: 11.10 Width: 16.80 Dimensions: 11.1 x 16.8 Balcony Level: First Dimensions: 11.1 x 7.5 Length: 11.10 Width: 7.50 Dimensions: 11.1 x 7.5 Full Bathroom Level: First Dimensions: 8.4 x 7.1 Length: 8.40 Width: 7.10 Dimensions: 8.4 x 7.1 Full Bathroom Level: First Dimensions: 8.4 x 9.7 Length: 8.40 Width: 9.70 Dimensions: 8.4 x 9.7 Bedroom Level: First Dimensions: 11.11 x 11.11 Length: 11.11 Width: 11.11 Dimensions: 11.11 x 11.11 Bedroom Level: First Dimensions: 8.1 x 11.11 Length: 8.10 Width: 11.11 Dimensions: 8.1 x 11.11
Listing Office: Coldwell Banker Realty
Last Updated: May - 16 - 2024

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.