$468,000
Panama City Beach, FL 32413
MLS# 785579
2 beds | 2 baths | 1146 sqft

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Property Description
Offered for sale is Ocean Reef Unit 1505 -- a fully furnished 2-bedroom, 2-bath Gulf-front condominium with an expansive 10x28 private balcony and breathtaking views of the Emerald Coast. As of May 2026, this beautiful condo is now freshly painted throughout including all walls, doors, and trim. In addition, a new living room sofa has been added. From the moment you step inside, you're welcomed by stunning Gulf views visible from the entry, kitchen, dining, and living areas. The open-concept floor plan is designed for both comfort and entertaining, featuring elegant tile flooring, coastal décor, and abundant natural light throughout. Step outside to the oversized balcony with ample space for dining, relaxing, and gathering. Enjoy waterfront meals, morning coffee at sunrise, or unwind in the evening while listening to the soothing sound of the waves while admiring the beautiful sunsets. The living room offers plush furnishings and a 60'' wall-mounted TV with surround sound for the perfect movie night after a day at the beach. There's even a dedicated workspace for remote work or Zoom meetings -- because paradise and productivity can coexist. A well-appointed, fully equiped, kitchen features granite countertops, updated lighting, and stainless-steel appliances. The dining area comfortably seats six, with additional seating at the breakfast bar. The gulf-front primary suite offers balcony access, spectacular water views, a king-size bed, and a private en-suite bath -- your own peaceful retreat by the sea. A spacious guest bedroom accommodates two queen beds and provides private access to the guest bath. For your convenience, a separate laundry room includes new (2024) Whirlpool side-by-side washer and dryer, plus extra storage. It gets even better -- this unit includes an assigned, beachside covered parking space directly beneath the building. No searching for parking and no long walks across the street. Residents of Ocean Reef Resort enjoy over 300 feet of beachfront, a Gulf-front pool and hot tub, indoor pool, fitness center, and sauna. Ideally located just 1.5 miles from Pier Park -- home to premier shopping, dining, and entertainment -- and only one mile from Topgolf. beach-front restaurants, coffee and donut shops, gift stores, mini-golf, go-carts, and more are all within a couple of blocks. Additional updates include a new A/C and water heater (2019). All dimensions are approximate and should be verified by the buyer if important. This is Gulf-front living at its finest -- add Unit 1505 to your must-see list today. You'll be glad you did.
Details
Maps
Contract Info
List Price/SqFt: 408.38
Status: Active
List Date: 2026-02-20
List Price: $468,000
Current Price: $468,000
Location
Unit #: 1505
Sub Area: 0318 - Beach - Central South
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: From Hwy 98 (Back Beach Rd.) turn south on Nautilus Street. At Front Beach Rd., turn right heading west. Ocean Reef is the first high-rise building immediately on your left.
Area: 03 - Bay County - Beach
Street #: 14415
Street Name: Front Beach
Street Suffix: Road
State: FL
Zip Code: 32413
County: Bay
Subdivision: Ocean Reef
Parcel ID: 40001-250-085
Legal Description: OCEAN REEF, A CONDOMINIUM UNIT 1505 2BR 2BA ORB 3042 P 236 ORB 3554 P 1009 TYPE B 923 H&C 257 BALC
General Property Info
Floor Number: 15
Design: High-Rise (8+ floors)
Apx SqFt(Htd/Cooled): 1146
Construction Status: Construction Complete
SqFt Source: Builders Plans
# of Stories in Building: 23
# of Units in Bldg: 162
Lot Dimensions: 0x0
New Construction: No
Garage Y/N: Yes
Garage Spaces: 1
Pool: Yes
Pool Type: Community
Sub-Type: Condominium
Bedrooms: 2
Full Baths: 2
Total Baths: 2
Year Built: 2008
Listing Info, Tax and Legal
Homestead: No
HOA Fee: Yes
HOA Amount: 2662.86
HOA Frequency: Quarterly
HOA Annual Amount: 10651.44
New Buyer Fee: Yes
New Buyer Fee Amt: 250
Last Taxes: 5675
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Condo Doc: Yes
Remarks & Misc
Remarks: Offered for sale is Ocean Reef Unit 1505 -- a fully furnished 2-bedroom, 2-bath Gulf-front condominium with an expansive 10x28 private balcony and breathtaking views of the Emerald Coast.
As of May 2026, this beautiful condo is now freshly painted throughout including all walls, doors, and trim. In addition, a new living room sofa has been added.
From the moment you step inside, you're welcomed by stunning Gulf views visible from the entry, kitchen, dining, and living areas. The open-concept floor plan is designed for both comfort and entertaining, featuring elegant tile flooring, coastal décor, and abundant natural light throughout.
Step outside to the oversized balcony with ample space for dining, relaxing, and gathering. Enjoy waterfront meals, morning coffee at sunrise, or unwind in the evening while listening to the soothing sound of the waves while admiring the beautiful sunsets.
The living room offers plush furnishings and a 60'' wall-mounted TV with surround sound for the perfect movie night after a day at the beach. There's even a dedicated workspace for remote work or Zoom meetings -- because paradise and productivity can coexist.
A well-appointed, fully equiped, kitchen features granite countertops, updated lighting, and stainless-steel appliances. The dining area comfortably seats six, with additional seating at the breakfast bar.
The gulf-front primary suite offers balcony access, spectacular water views, a king-size bed, and a private en-suite bath -- your own peaceful retreat by the sea. A spacious guest bedroom accommodates two queen beds and provides private access to the guest bath.
For your convenience, a separate laundry room includes new (2024) Whirlpool side-by-side washer and dryer, plus extra storage.
It gets even better -- this unit includes an assigned, beachside covered parking space directly beneath the building. No searching for parking and no long walks across the street.
Residents of Ocean Reef Resort enjoy over 300 feet of beachfront, a Gulf-front pool and hot tub, indoor pool, fitness center, and sauna. Ideally located just 1.5 miles from Pier Park -- home to premier shopping, dining, and entertainment -- and only one mile from Topgolf. beach-front restaurants, coffee and donut shops, gift stores, mini-golf, go-carts, and more are all within a couple of blocks.
Additional updates include a new A/C and water heater (2019). All dimensions are approximate and should be verified by the buyer if important. This is Gulf-front living at its finest -- add Unit 1505 to your must-see list today. You'll be glad you did.
Dining Room
First: 1
Pool Features
Gunite Concrete: 1
Heated - Gas: 1
Inground: 1
Indoor: 1
Spa/ Hot Tub: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Range - Electric: 1
Refrigerator: 1
Washer: 1
Water Heater - Electric: 1
Interior Features
Breakfast Bar: 1
Ceiling - Crwn Molding: 1
Floor - Tile: 1
Lock Out Closet: 1
Window - Treatment All: 1
Construction/Siding
Block: 1
Concrete: 1
Foundation - On Piling: 1
Roof - Membrane: 1
Siding - Stucco: 1
Exterior
Balcony: 1
Waterfront Feature
Shore - Beach: 1
Association Fees Include
BBQ Pit/Grill: 1
Beach: 1
Conference Center: 1
Dumpster: 1
Exercise Room: 1
Ground Keeping: 1
Internet-WiFi: 1
Management: 1
Pest Control: 1
Pool: 1
Sauna/Steam Room: 1
Security: 1
Sewer: 1
Trash Disposal: 1
Water: 1
Whirlpool: 1
Financing
Cash: 1
Conventional: 1
Furnished
Furnished: 1
Living Room
First: 1
Lot Features
Coastal Construction Control Line: 1
Covenants & Rescrictions: 1
Sand Dunes: 1
Storm Sewer: 1
Waterfront: 1
Within 1/2 Mile to Water: 1
Parking Features
Additional Parking: 1
Assigned: 1
Mstr Bath / Mstr Bdrm
MBath Double Vanity: 1
MBed Balcony: 1
MBed Waterfront: 1
MBath Shower/Tub Combo: 1
Association Amenities
BBQ Pit/Grill: 1
Beach: 1
Boardwalk: 1
Conference Center: 1
Dumpster: 1
Elevators: 1
Exercise Room: 1
Pool: 1
Sauna/Steam Room: 1
Security-24 hour: 1
Waterfront: 1
Whirlpool: 1
Dog Park: 1
Rooms
Bedroom: 1
Dining Room: 1
Living Room: 1
Utilities
TV Cable: 1
Electricity - Connected: 1
Garbage: 1
Internet - Fiber Optic: 1
Public Sewer - Connected: 1
Public Water - Connected: 1
Waterview
Gulf: 1
Sale Type
As Is: 1
Waterfront Type
Gulf: 1
Bedroom
First: 1
Cooling
Ceiling Fan(s): 1
Heat Pump: 1
Heating
Heat Pump: 1
Security Features
Building Security: 1
Closed Circuit Camera(s): 1
Fire Alarm: 1
Fire Sprinkler System: 1
Security Fence: 1
Security Guard: 1
Smoke Detector(s): 1
Property Features
Appliances: Dishwasher; Disposal; Dryer; Microwave; Range - Electric; Refrigerator; Washer; Water Heater - Electric
Bedroom: First
Cooling: Ceiling Fan(s); Heat Pump
Heating: Heat Pump
Exterior: Balcony
Association Fees Include: BBQ Pit/Grill; Beach; Dumpster; Exercise Room; Internet-WiFi; Ground Keeping; Management; Conference Center; Pest Control; Pool; Sauna/Steam Room; Security; Sewer; Whirlpool; Trash Disposal; Water
Financing: Cash; Conventional
Furnished: Furnished
Living Room: First
Lot Features: Coastal Construction Control Line; Covenants & Rescrictions; Sand Dunes; Storm Sewer; Waterfront; Within 1/2 Mile to Water
Dining Room: First
Pool Features: Gunite Concrete; Heated - Gas; Inground; Indoor; Spa/ Hot Tub
Security Features: Building Security; Closed Circuit Camera(s); Fire Alarm; Fire Sprinkler System; Security Fence; Security Guard; Smoke Detector(s)
Parking Features: Additional Parking; Assigned
Association Amenities: BBQ Pit/Grill; Beach; Boardwalk; Dog Park; Dumpster; Elevators; Exercise Room; Conference Center; Pool; Sauna/Steam Room; Security-24 hour; Whirlpool; Waterfront
Rooms: Bedroom; Dining Room; Living Room
Sale Type: As Is
Utilities: TV Cable; Electricity - Connected; Garbage; Internet - Fiber Optic; Public Sewer - Connected; Public Water - Connected
Waterfront Type: Gulf
Waterfront Feature: Shore - Beach
Waterview: Gulf
Room Information
| Room Name | Level | Dimensions | Length | Width |
| Living Room | First | 12 x 13.5 | 12.00 | 13.50 |
| Dining Room | First | 12 x 14 | 12.00 | 14.00 |
| Bedroom | First | 11 x 12.8 | 11.00 | 12.80 |
Listing Office: Distinctive Beach Real Estate
Last Updated: May - 21 - 2026
Information deemed reliable but not guaranteed.
