10611 Front Beach Road 401, Panama City Beach, FL 32407 (MLS# 754575)

HOA Fee: Yes

HOA Amount: 1075

HOA Frequency: Monthly

HOA Annual Amount: 12900

New Buyer Fee: No

Last Taxes: 8306

Last Tax Year: 2023

Brokerage Interest: No Interest

Condo Doc: Yes

List Price/SqFt: 549.18

Status: Sold

List Date: 2024-03-20

List Price: $899,000

Current Price: $817,000

Unit #: 401

Sub Area: 0318 - Beach - Central South

Community/Resort: None

Waterfront: Yes

Elementary School: Hutchison Beach

Middle School: Surfside

High School: Arnold

Directions: From Churchwell Dr and Front Beach Rd, turn left onto Front Beach Rd. Look for Ocean Ritz on the right.

Area: 03 - Bay County - Beach

Street #: 10611

Street Name: Front Beach

Street Suffix: Road

State: FL

Zip Code: 32407

County: Bay

Subdivision: Ocean Ritz

Parcel ID: 40000-250-004

Legal Description: OCEAN RITZ CONDO UNIT 401 TYPE A ORB 2855 P 936 4BD/4BR ORB 4566 P 1802 1637 SQ.FT.H&C . 493 SQ.FT.BALC

Design: High-Rise (8+ floors)

Apx SqFt(Htd/Cooled): 1637

Construction Status: Construction Complete

SqFt Source: Prop App Site

Lot Dimensions: Condo

Garage Y/N: No

Sub-Type: Condominium

Bedrooms: 4

Full Baths: 4

Total Baths: 4

Year Built: 2006

Remarks: Experience the allure of beachfront paradise at its finest with this captivating condo nestled within the coveted Ocean Ritz. Positioned on the fourth floor, this gem offers unparalleled views of the shimmering Gulf from its oversized balcony - a feature that beckons relaxation and unforgettable moments. With two Gulf-front master suites seamlessly connecting to the balcony, and a total of four bedrooms and bathrooms accommodating up to 13 guests, this residence promises ample space for both comfort and entertaining. The well-appointed kitchen, adorned with granite countertops, sets the stage for culinary adventures, while the open-concept living and dining area beckons with warmth and hospitality. With luxurious touches like a whirlpool tub in one of the master bathrooms, every aspect of this condo exudes comfort and elegance. Beyond its inherent charm, this property presents a lucrative investment opportunity, boasting a strong history of rental income generation average around $93,000 in gross annual rent. Buy now with the bookings in place from now until September! Don't let this chance to own a piece of paradise slip away - seize the opportunity to make Ocean Ritz your own and embark on a journey of coastal luxury and financial success.

Sold Price/SqFt: 499.08

Under Contract Date: 2024-05-05

Sold Date: 2024-05-17

Sold Price: $817,000

First: 1

Inground: 1

Dishwasher: 1

Dryer: 1

Microwave: 1

Oven - Electric: 1

Washer: 1

Balcony: 1

Pool: 1

Beach: 1

Insurance: 1

Picnic Area: 1

Pool: 1

Sewer: 1

Trash Disposal: 1

Water: 1

Furnished: 1

First: 1

Waterfront: 1

Within 1/2 Mile to Water: 1

BBQ Pit/Grill: 1

Picnic Area: 1

Pool: 1

Whirlpool: 1

Other - See Remarks: 1

Great Room: 1

Kitchen: 1

Primary Bedroom: 1

Electricity - Connected: 1

Public Sewer - Connected: 1

Water Connected: 1

Gulf: 1

Gulf: 1