16819 Front Beach Road 417, Panama City Beach, FL 32413 (MLS# 755568)

HOA Fee: Yes

HOA Amount: 3827

HOA Frequency: Quarterly

HOA Annual Amount: 15308

New Buyer Fee: No

Brokerage Interest: No Interest

Condo Doc: Yes

List Price/SqFt: 508.38

Status: Sold

List Date: 2024-04-12

List Price: $849,000

Current Price: $820,000

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

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: 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.

Sold Price/SqFt: 491.02

Under Contract Date: 2024-04-24

Sold Date: 2024-05-03

Sold Price: $820,000

Inground: 1

Dishwasher: 1

Microwave: 1

Range - Electric: 1

Refrigerator: 1

Washer/Dryer Stacked: 1

Water Heater - Electric: 1

Washer/Dryer Hookup: 1

Breakfast Bar: 1

Closet Owner: 1

Floor - Tile: 1

Pantry: 1

Window - Treatment All: 1

Concrete: 1

Balcony: 1

Pool: 1

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: 1

Bunk Hallway: 1

First: 1

First: 1

Within 1/2 Mile to Water: 1

Covered: 1

Garage: 1

MBath Shower/Tub Combo: 1

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

Bedroom: 1

Kitchen: 1

Living Room: 1

Master Bedroom: 1

Electricity - Connected: 1

Garbage: 1

Public Sewer - Connected: 1

Water Connected: 1

Gulf: 1

Gulf: 1

First: 1

First: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

Building Security: 1

Smoke Detector(s): 1