$275,000
Panama City Beach, FL 32407
MLS# 970283
Status: Sold
2 beds | 3 baths | 1325 sqft
1 / 55
Property Description
OWNER FINANCING NOW OFFERED!!! WITH FULL PRICE OFFER AT 5% INTEREST RATE, AMORTIZED OVER 30 YEARS WITH A 3-YEAR BALLOON PAYMENT DUE. $50K NON-REFUNDABLE DOWN PAYMENT REQUIRED. NO PREPAYMENT PENALTY. BUYER RESPONSIBLE FOR HOA DUES AND PROPERTY TAXES. ESTIMATED MONTHLY PAYMENT OF $1,207.85 (PRINCIPAL AND INTEREST ONLY) BASED ON A $275K PURCHASE PRICE. CREDITWORTHINESS WILL BE CONSIDERED FOR ANY SELLER-FINANCED DEAL. One of the Lowest Priced 2 Bedroom / 2.5 Bath condos in the Entire Complex!! Act now! This 2-bed, 2.5-bath condo in the coveted Island Reserve offers affordable luxury in a gated community. Currently rented at $1,850/month on a flexible, month-to-month lease. Enjoy resort-style living just 1.4 miles from Panama City Beach's famous white sands and close to the Hathaway Bridge.
Details
Documents
Status Change Info
Sold Price/SqFt: 207.55
Status: Sold
Under Contract Date: 2025-04-19
Sold Date: 2025-05-20
Sold Price: $275,000
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 207.55
List Date: 2025-03-05
Current Price: $275,000
List Price: $275,000
Location, Tax and Legal
Unit #: UNIT 6305
Sub Area: 2720 - Beach - Middle Central
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Legal Description: ISLAND RESERVE 31 3S 15W TYPE B-U BLDG 6 UNIT 6305 ORB 3018 P 563 2BR 2.5B 1325 H&C ORB 4168 P 36 145 BALC . MAP 57C4
General Property Info
Sub-Type: Condominium
Design: N/A
SqFt Source: County PA Records
Stories In Unit: 1
Stories in Building: 3
Unit Floors Above Ground: 3
Garage: No
Carport: No
Pool: Yes
Pool Type: Community
Apx SqFt(Htd/Cooled): 1325
Bedrooms: 2
Full Baths: 2
Half Baths: 1
Total Bathrooms: 3
Year Built: 2008
Listing Info, Tax & Legal
Who Paid Doc Stamps: Seller
Who Paid Title: Seller
Is Subject Leased: Yes
Assessment Fees: Yes
Rent/Mo: 1850
Assessment Amount: 1736.59
Lease Expiration Dt: 2025-05-01
Annual Assessment Amount: 6946.36
Assessment Paid: Quarterly
New Buyer Fee: No
Last Taxes: 3159.74
Last Tax Year: 2024
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: OWNER FINANCING NOW OFFERED!!! WITH FULL PRICE OFFER AT 5% INTEREST RATE, AMORTIZED OVER 30 YEARS WITH A 3-YEAR BALLOON PAYMENT DUE. $50K NON-REFUNDABLE DOWN PAYMENT REQUIRED. NO PREPAYMENT PENALTY. BUYER RESPONSIBLE FOR HOA DUES AND PROPERTY TAXES. ESTIMATED MONTHLY PAYMENT OF $1,207.85 (PRINCIPAL AND INTEREST ONLY) BASED ON A $275K PURCHASE PRICE. CREDITWORTHINESS WILL BE CONSIDERED FOR ANY SELLER-FINANCED DEAL. One of the Lowest Priced 2 Bedroom / 2.5 Bath condos in the Entire Complex!! Act now! This 2-bed, 2.5-bath condo in the coveted Island Reserve offers affordable luxury in a gated community. Currently rented at $1,850/month on a flexible, month-to-month lease. Enjoy resort-style living just 1.4 miles from Panama City Beach's famous white sands and close to the Hathaway Bridge.
Construction Status
Construction Complete: 1
Project Facilities
BBQ Pit/Grill: 1
Community Room: 1
Dumpster: 1
Elevators: 1
Exercise Room: 1
Gated Community: 1
Minimum Rental Prd: 1
Pets Allowed: 1
Picnic Area: 1
Pool: 1
Short Term Rental - Not Allowed: 1
Whirlpool: 1
Utilities
Community Sewer: 1
Community Water: 1
Electric: 1
Exterior
Balcony: 1
Interior
Ceiling Crwn Molding: 1
Kitchen Island: 1
Washer/Dryer Hookup: 1
Financing
Conventional: 1
VA: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Refrigerator W/IceMk: 1
Stove/Oven Electric: 1
Washer: 1
Energy
AC - Central Elect: 1
Ceiling Fans: 1
Heat Cntrl Electric: 1
Water Heater - Elect: 1
Mstr Bdrm/Mstr Bath
MBath Double Vanity: 1
MBath Garden Tub: 1
MBath Separate Shwr: 1
MBath Tile: 1
MBath Walk-In Closet: 1
MBed Carpeted: 1
MBed First Floor: 1
Bedroom
First: 1
Kitchen
First: 1
Living Room
First: 1
Rooms
Bedroom: 1
Kitchen: 1
Living Room: 1
Fees Include
Accounting: 1
Ground Keeping: 1
Insurance: 1
Management: 1
Security: 1
Sewer: 1
Trash: 1
Water: 1
Existing Leases
Month To Month: 1
Location Tax and Legal
Area: 27 - Bay County
Street #: 8700
Street Name: Front Beach
Street Suffix: Road
State: FL
Zip Code: 32407
County: Bay
Project Name/Subdivision: ISLAND RESERVE
Parcel ID: 40001-100-219
Property Features
Construction Status: Construction Complete
Project Facilities: BBQ Pit/Grill; Community Room; Dumpster; Elevators; Exercise Room; Gated Community; Minimum Rental Prd; Pets Allowed; Picnic Area; Pool; Short Term Rental - Not Allowed; Whirlpool
Exterior: Balcony
Interior: Ceiling Crwn Molding; Kitchen Island; Washer/Dryer Hookup
Appliances: Dishwasher; Dryer; Microwave; Refrigerator W/IceMk; Stove/Oven Electric; Washer
Utilities: Community Sewer; Community Water; Electric
Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Electric; Water Heater - Elect
Bedroom: First
Kitchen: First
Living Room: First
Rooms: Bedroom; Kitchen; Living Room
Financing: Conventional; VA
Fees Include: Accounting; Ground Keeping; Insurance; Management; Security; Trash; Water
Existing Leases: Month To Month
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Bedroom | First | 13 x 13 | 13.00 | 13.00 | 13 x 13 |
| Bedroom | First | 11 x 13 | 11.00 | 13.00 | 11 x 13 |
| Living Room | First | 15 x 18 | 15.00 | 18.00 | 15 x 18 |
| Kitchen | First | 9 x 14 | 9.00 | 14.00 | 9 x 14 |
Owner Financing Details - IR 6305 Listing Office: LPT Realty LLC
Last Updated: May - 21 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
