17281 Front Beach Road 401, Panama City Beach, FL 32413 (MLS# 757987)

HOA Fee: Yes

HOA Amount: 1494.48

HOA Frequency: Monthly

HOA Annual Amount: 17933.76

New Buyer Fee: No

New Buyer Fee Paid: $

Last Taxes: 10311

Last Tax Year: 2023

Brokerage Interest: No Interest

Condo Doc: Yes

List Price/SqFt: 689.51

Status: Sold

List Date: 2024-06-01

List Price: $1,274,900

Current Price: $1,160,000

Unit #: 401

Sub Area: 0325 - Beach - West South

Community/Resort: None

Waterfront: Yes

Elementary School: West Bay

Middle School: Surfside

High School: Arnold

Directions: From Hwy 79 South, turn left on Front Beach Road. Palazzo is the first high rise on the left.

Area: 03 - Bay County - Beach

Street #: 17281

Street Name: Front Beach

Street Suffix: Road

State: FL

Zip Code: 32413

County: Bay

Subdivision: Palazzo

Parcel ID: 40001-150-018

Legal Description: PALAZZO CONDOMINIUM UNIT 401 TYPE D ORB 3018 P 748 3BR 3BA ORB 4377 P 711 1849 H&C . 229 BALC . STORAGE LOCKER P1-11

Floor Number: 4

Design: High-Rise (8+ floors)

Apx SqFt(Htd/Cooled): 1849

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

Lot Dimensions: NA

New Construction: No

Garage Y/N: No

Covered Spaces: 2

Sub-Type: Condominium

Bedrooms: 3

Full Baths: 3

Total Baths: 3

Year Built: 2008

Remarks: 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!

Sold Price/SqFt: 627.37

Under Contract Date: 2024-11-30

Sold Date: 2025-01-15

Sold Price: $1,160,000

Heated - Electric: 1

Inground: 1

Spa/ Hot Tub: 1

Cooktop - Electric: 1

Dishwasher: 1

Dryer: 1

Microwave: 1

Range - Electric: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Ceiling - Crwn Molding: 1

Ceiling - Raised: 1

Closet Owner: 1

Floor - Tile: 1

Kitchen Island: 1

Lighting - Recessed: 1

Lighting - Track: 1

Pantry: 1

Window - Treatment All: 1

Block: 1

Balcony: 1

Shore - Beach: 1

Accounting: 1

Beach: 1

Community Room: 1

Conference Center: 1

Dumpster: 1

Exercise Room: 1

Gated Community: 1

Ground Keeping: 1

Internet Service: 1

Pest Control: 1

Pool: 1

Repairs/Maintenance: 1

Security: 1

Separate Storage: 1

Sewer: 1

Trash Disposal: 1

TV Cable: 1

Water: 1

Cash: 1

Conventional: 1

Furnished: 1

Smart Thermostat: 1

First: 1

Electric Gate: 1

Garage Attached: 1

Resid Multi-Family: 1

BBQ Pit/Grill: 1

Beach: 1

Community Room: 1

Dumpster: 1

Elevators: 1

Exercise Room: 1

Pool: 1

Separate Storage: 1

Waterfront: 1

Whirlpool: 1

Recreation Facilities: 1

Bedroom: 1

Living Room: 1

Primary Bedroom: 1

Cable - Available: 1

Electricity - Availabile: 1

Internet - Broadband Available: 1

Phone - Available: 1

Gulf: 1

Lake: 1

As Is: 1

Gulf: 1

First: 1

Electric: 1

Electric: 1

24 Hour Security: 1

Fire Alarm: 1

Fire Sprinkler System: 1

Key Card Entry: 1

Security Gate: 1