5801 Thomas Drive #1404

Panama City Beach, FL 32408
$989,000
2155 sqft | 4 beds | 2 baths | #761729

Description

STUNNING!! SPACIOUS!! GULF FRONT!! PENTHOUSE!!If you've ever dreamed of owning a second home on the Gulf that also generates passive income, this is an incredible opportunity. A recent appraisal valued the property at $1,070,000, with rental income projections EXCEEDING $120,000. This means you can make a sound investment while enjoying INSTANT EQUITY. Welcome to Regency Towers 1404, situated on The World's Most Beautiful Beach! This impressive penthouse features FOUR spacious bedrooms PLUS an office, making it an ideal retreat for families or groups. The expansive balcony offers breathtaking, direct views of the Gulf, accessible from both the living room and the master bedroom. With the capacity to accommodate up to 15 guests, this residence is perfect for entertaining. Experience luxury with high-end finishes, including Luxury Vinyl Plank flooring, Quartz countertops, a mini bar with a wine fridge, and a stunning floor-to-ceiling electric fireplace. Regency Towers' fantastic amenities include two olympic size pools- one heated year round, full service tiki bar & grill, 10 person hot tub, kiddie pool, fitness center, billiards room, community room with kitchen for hosting events,multiple picnic areas with grills, and plenty of engaging in house activities are offered year round! Beach chair rentals, jet ski rentals, and parasailing offered right here on the beach! Located just minutes from St. Andrews state park, multiple boat launches, arcades, Go kart tracks, golf cart/scooter rental, bike rental, mini golf, amusement rides, Shipwreck Island Waterpark, favorite restaurants, clothing boutiques, jet ski/boat rental, Pier Park, and engaging Nightlife!!! All this & more at the World's Most Beautiful Beach!Penthouses like this rarely become available, so seize this unique chance to make Regency Towers 1404 your primary residence, vacation getaway, or short-term rental investment. Don't miss out on this extraordinary opportunity!
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  • Interior Details
    • Beds & Baths
      • Bedrooms:4
      • Bathrooms:2
      • Full Baths:2
  • Property Details
    • Property
      • Lot description:Waterfront
      • Exterior materials:Balcony
    • Measurements
      • Square Feet:2155
  • Construction Details
    • Type & Style
      • Property type:Purchase
      • Style:High Rise
    • Condition
      • Year built:1982
  • Utilities / Energy Details
    • Utility
      • Utility features:Electricity Connected, Trash Collection
  • Community and Neighborhood Details
    • Community
      • Subdivision:Regency Towers
    • Location
      • Elementary School:Patronis
      • Middle School:Surfside
      • High School:Arnold
      • County:Bay
  • Financial Details
    • Pricing Details
      • Days on Market (Cumulative):87
      • Taxes annual:$6, 667
    • HOA
      • Hoa fees:3996.57
  • Other
    • Source
      • MLS #:761729

Location

Central Bay Realty and Property ManagementReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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