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17281 Front Beach Road , #401

Panama City Beach, FL 32413
  • $1,349,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 951383
Price Reduced
UPDATED: 117 min ago
$1,349,000
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,849
    SQFT
  • $730
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2008
County:
Bay
Area:

School Information

Elementary School:
Middle School:
High School:

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!

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© 2024 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Back Stage Realty. Vendor Member number: 28178. Data last updated: 2024-06-14T14:06:03.673.
Vendor Member #28178.
www.backstagerealty.com/homes/151282137
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17281 Front Beach Road , #401 Panama City Beach, FL 32413

  • Price: $1,349,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 117 min ago
  • MLS #: 951383
3
Beds
3
Baths
0
½ Baths
N/A
Acres
1,849
SQFT
$730
$/SQFT
2008
Built
Neighborhood:
Palazzo Condominium
County:
Bay
Area:
Bay County
Elementary School:
West Bay
Middle School:
Surfside
High School:
Arnold
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!
Exterior Features

Architectural Style N/A Carport YN No Construction Materials Block Exterior Features Balcony Pool YN Yes View LakeGulf Waterfront Features Gulf

Interior Features

Appliances CooktopDishwasherDryerRefrigeratorStove/Oven ElectricWasher Cooling Central Air Cooling YN Yes First Floor Bedroom Yes Heating Central Heating YN Yes Interior Features Ceiling Crwn MoldingCeiling RaisedFloor TileKitchen IslandLighting RecessedLighting TrackOwner's ClosetPantryWindow Treatment All Primary Bedroom First Floor Yes Rooms Total 5

Property Features

Association Fee Frequency Monthly Association Fee Includes AccountingGround KeepingRecreational FacltySecuritySewerWaterCable TVTrash Association Fee2 1494.48 Association YN Yes Buyer Financing Conventional Community Features BBQ Pit/GrillBeachCommunity RoomDumpsterElevatorsExercise RoomGated CommunityPoolSeparate StorageWaterfrontWhirlpool New Construction YN No Pool Type Community Property Condition Construction Complete Property Sub Type Condominium Short Term Rental Allowed Yes Utilities ElectricPhoneTV Cable

Listing courtesy of EXP Realty LLC: 888-883-8509.


© 2024 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Back Stage Realty. Vendor Member number: 28178. Data last updated: 2024-06-14T14:06:03.673.
Vendor Member #28178.
 
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