17281 Front Beach RD #401 Pending Save Request In-Person Tour Request Virtual Tour
Panama City Beach,FL 32413
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Pending
Purchase Type For Sale
Square Footage 1,849 sqft
Price per Sqft $689
Subdivision Palazzo
MLS Listing ID 757987
Style High Rise
Bedrooms 3
Full Baths 3
HOA Fees $1,494/mo
HOA Y/N Yes
Year Built 2008
Annual Tax Amount $10,311
Tax Year 2023
Property 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. 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!
Location
State FL
County Bay
Community Barbecue,Beach,Clubhouse,Elevator,Fitness Center,Pool,Recreation Area,Storage Facilities,Short Term Rental Allowed,Waterfront
Area 03 - Bay County - Beach
Interior
Interior Features High Ceilings,Kitchen Island,Pantry,Recessed Lighting,Smart Thermostat,Track Lighting
Heating Electric
Cooling Electric
Furnishings Furnished
Fireplace No
Appliance Dryer,Dishwasher,Electric Cooktop,Electric Range,Electric Water Heater,Microwave,Refrigerator,Washer
Exterior
Exterior Feature Balcony
Parking Features Attached,Electric Gate,Garage
Pool Electric Heat,In Ground,Community
Community Features Barbecue,Beach,Clubhouse,Elevator,Fitness Center,Pool,Recreation Area,Storage Facilities,Short Term Rental Allowed,Waterfront
Utilities Available Cable Available,Phone Available
Amenities Available Beach Rights,Gated,Storage
Waterfront Description Gulf,Shoreline - Sand
View Y/N Yes
Water Access Desc Gulf,Shoreline - Sand
View Gulf,Lake
Porch Balcony
Building
Architectural Style High Rise
Schools
Elementary Schools West Bay
Middle Schools Surfside
High Schools Arnold
Others
HOA Fee Include Clubhouse,Cable TV,Internet,Legal/Accounting,Maintenance Grounds,Maintenance Structure,Pest Control,Pool(s),Sewer,Security,Trash,Water
Tax ID 40001-150-018
Security Features Fire Alarm,Fire Sprinkler System,24 Hour Security,Key Card Entry
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Listed As-Is