$875,000
1508 Elma Ruth Drive
Panama City, FL 32409
MLS# 723748
Status: Sold
5 beds  |  5 baths  |  5520 sqft


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Property 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!

Details
Maps
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: 78x193
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
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 20x20 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.
Room Information
Room Name Level Dimensions Length Width Remarks
Living RoomSecond21 x 1721.0017.00Water View
KitchenSecond23 x 1723.0017.00Water View
Dining RoomSecond21 x 1121.0011.00Water View
Master BedroomThird12 x 2112.0021.00Water View
Master BathroomThird17 x 1217.0012.00
BedroomThird13 x 1613.0016.00
BedroomSecond11 x 1211.0012.00
BedroomSecond13 x 1613.0016.00
BedroomFirst11 x 1411.0014.00
Media RoomFirst20 x 1720.0017.00
Mud RoomFirst11 x 711.007.00Water View
WorkshopFirst28 x 1128.0011.00Water View / Central Heated & Cooled
GarageFirst21 x 3221.0032.00Central Heated & Cooled
LaundrySecond8 x 68.006.00

Listing Office: Coldwell Banker Realty

Last Updated: September - 24 - 2024

Information deemed reliable but not guaranteed.