Active
17281 Front Beach Road 401
Panama City Beach FL, 32413
$1,299,000
$702.54 per sqft
Active
3 Beds
3 Baths
1,849 sqft
Condo
Built in 2008
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!
757987
MLSⓇ ID
June 1, 2024
Listed
September 5, 2024
Updated
Map
17281 Front Beach Road 401
Panama City Beach FL, 32413
Interior Features
Bedrooms
3
Total Bathrooms
3
Full Bathrooms
3
Interior Features
High Ceilings, Kitchen Island, Pantry, Recessed Lighting, Smart Thermostat, Track Lighting
Appliances
Dryer, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Exterior Features
Balcony
Architectual Style
High Rise
School Information
High School
Arnold
Elementary School
West Bay
Other Property Details
Area Name
03 - Bay County - Beach
Taxes
$10,311
Tax Frequency
Annually
Days on Market
96
Association Fee
$1,494
Association Fee Frequency
Monthly
Association Amenities
Beach Rights, Gated, Storage
Garage
No
Parking
Attached, Electric Gate, Garage
View
Yes
View Description
Gulf, Lake
County
Bay
Pool
Yes
Pool Features
Electric Heat, In Ground, Community
Waterfront
Yes
Listing History
Date | Event | Price |
---|---|---|
9/5/2024 | Price change | $1,299,000 -4% |
8/14/2024 | Price change | $1,348,999 -1% |
6/13/2024 | Price change | $1,349,000 -4% |
Courtesy of Compass Florida, LLC, Daniel D Walker,
Listing Contact: (850) 974-1621
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Abbott Martin Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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