5801 S Thomas Drive 1103, Panama City, FL 32408 (MLS# 756670)

List Price/SqFt: 324.7

Status: Sold

List Date: 2024-05-05

List Price: $439,000

Current Price: $429,000

Unit #: 1103

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: Yes

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: South on Joan Av, turn left into Thomas Drive, Eastbound 2.2 miles Regency Towers will be on your right .

Area: 03 - Bay County - Beach

Street #: 5801

Street Direction: S

Street Name: Thomas

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Regency Towers

Parcel ID: 32382-299-000

Legal Description: REGENCY TOWERS CONDO UNIT 1103 PLAN F ORB 516 P 267 2BR 2B (ORIG 3BR 2B)352 SQ FT ORB 4203 P 170 BALCONY 104 SQ FT

Floor Number: 11

Design: High-Rise (8+ floors)

Apx SqFt(Htd/Cooled): 1352

Construction Status: Construction Complete

SqFt Source: Prop App Site

Balcony SqFt: 107

Lot Dimensions: CONDO

Garage Y/N: No

Sub-Type: Condominium

Bedrooms: 2

Full Baths: 2

Total Baths: 2

Year Built: 1982

Homestead: No

HOA Fee: Yes

HOA Amount: 2997.58

HOA Frequency: Quarterly

HOA Annual Amount: 11990.32

New Buyer Fee: No

Last Taxes: 4433

Last Tax Year: 2023

Brokerage Interest: No Interest

Condo Doc: Yes

Remarks: Discover expansive coastal views from the moment you enter this beautifully remodeled condo at Regency Towers. Originally designed as a three-bedroom unit, it has been expertly converted into the largest two-bedroom, two-bathroom configuration in the building to maximize the stunning vistas of Panama City Beach's west end coastline. The unit is offered fully furnished, featuring ceramic wood-like tiles throughout, newly installed windows and sliding glass doors, solid core doors, and updated major appliances including an HVAC system from 2019 and a recently replaced stove. A front-loading stackable washer and dryer set is conveniently located in the hallway, with the dryer properly vented out. This short-term rental has exclusively been listed on the Regency Towers COA Website, generating $35k in NET rental income in 2023. Beach chair privileges are included until November 1st, 2024. Regency Towers has been a beloved destination in Panama City Beach for over 40 years. Situated in the South Lagoon area, it is less than five minutes from St. Andrews State Park and close to local attractions such as Cobra Arcade and Go-Karts, as well as popular eateries like Captain Jack's, Schooners, and Patches Pub. This gated complex boasts extensive amenities, including a children's pool, indoor hot tub, owner's lounge, fitness room, game room, outdoor picnic area with grills, boardwalk, two beachfront pools (both seasonally heated), poolside Bikini Bob's Grill & Bar, and a spacious grassy area. The property offers ample parking and 24-hour security services. All information is deemed reliable but should be verified by the buyer if important. Please note, pets are not allowed.

Sold Price/SqFt: 317.31

Under Contract Date: 2024-05-21

Sold Date: 2024-06-26

Sold Price: $429,000

First: 1

First: 1

First: 1

Heated - Electric: 1

Inground: 1

Dishwasher: 1

Microwave: 1

Oven - Electric: 1

Refrigerator: 1

Washer/Dryer Stacked: 1

Water Heater - Electric: 1

Washer/Dryer Hookup: 1

Breakfast Bar: 1

Closet Owner: 1

Floor - Tile: 1

Window - Treatment All: 1

Balcony: 1

Double Pane Windows: 1

Accounting: 1

BBQ Pit/Grill: 1

Beach: 1

Community Room: 1

Exercise Room: 1

Game Room: 1

Gated Community: 1

Ground Keeping: 1

Insurance: 1

Internet-WiFi: 1

Management: 1

Picnic Area: 1

Pool: 1

Sauna/Steam Room: 1

Sewer: 1

Tennis: 1

Trash Disposal: 1

Water: 1

Cash: 1

Conventional: 1

Furnished: 1

First: 1

First: 1

Gated: 1

Parking Lot: 1

RV: 1

Resid Multi-Family: 1

BBQ Pit/Grill: 1

Conference Center: 1

Elevators: 1

Exercise Room: 1

Gated Community: 1

Pool: 1

Security-24 hour: 1

Waterfront: 1

Whirlpool: 1

Other - See Remarks: 1

Balcony: 1

Bedroom: 1

Dining Room: 1

Family Room: 1

Full Bathroom: 1

Kitchen: 1

Living Room: 1

ShowingTime: 1

TV Cable: 1

Electricity - Connected: 1

Garbage: 1

Internet - Broadband Available: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

First: 1

Gulf: 1

First: 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

24 Hour Security: 1

Security Fence: 1

Security Gate: 1

Security Guard: 1

Condo Association: 1