StatusAccepting Backup Offers (Active Under Contract)
About 3100 Airport Rd
Discover Bay Crest Townhomes, an exciting future townhome development in Panama City, Florida. These 54 luxurious three-bedroom, two-and-a-half-bathroom townhomes with garages will be nestled on 4.369 acres of prime real estate. With an exceptional price point of $1.8 million, this development presents a compelling investment opportunity, with an estimated overall valuation projected to reach nearly $20 million.Bay Crest Townhomes will boast a prime location with multiple entrances, ensuring easy access and eliminating the need for road maintenance from FDOT. Additionally, a lift station conveniently located across the street from the proposed development provides enhanced convenience and infrastructure. The property already includes a home that can be utilized as a sales office, streamlining the sales process.Each townhome within Bay Crest will offer approximately 1,300 square feet of living space, perfectly designed to strike a balance between comfort and luxury for residents.SweetBay's marina will allow you to take full advantage of the Bay and Intercostal waterway to the Gulf. Phase 1 of the 40-acre marina district will feature a 2-acre wet basin and 56,000 square foot dry storage boat barn and will serve as the only marina on North Bay.Civils for Bay Crest Townhomes will be skillfully planned and executed by McNeil Carroll, guaranteeing top-notch construction and development. The property is currently zoned as MU3 (mixed use 3) with county approval for 54 townhomes, providing a solid foundation for the project's success.Bay Crest Townhomes benefit from their proximity to the future marketplace of Sweet Bay, offering a vibrant retail, dining, and entertainment scene within walking distance. Enjoy convenient access to the pristine bay, perfect for water sports and scenic walks along the shore. The development also provides easy access to the thriving city of Panama City, renowned for its amazing bays leading to the Gulf, exceptional dining options, convenient shopping, and a newly revitalized downtown area.Don't miss out on this exceptional future townhome development. Embrace the anticipation of the coastal lifestyle offered by Bay Crest Townhomes, where luxury and convenience merge in Panama City, Florida. With its attractive pricing, significant valuation potential, prime location near Panama City, Panama City Beach and 30A, as well as reputable engineers overseeing the project, this development promises substantial returns. Secure this prestigious community and seize the potential for a prosperous future.
Property Details
Property Features
Listing Office:
Office Name: Beach House Sales and Development
Lot Features
Lot Information:
Lot Size: 4.36 Acres
School Info
Assigned Schools Information:
Bay High School, Public District Grades 9-12
Jinks Middle School, Public District Grades 6-8
Northside Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: Drive from FL-390 W turn right on Airport Rd to property on the left. There is a driveway to the right that you can travel up or you can take 31st Court on the right to access the acreage.
Price Information
Listing Price Info
Price Summary:
List Price: $1,500,000
Tax Information:
Annual Amount: $2,524
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Panama City, FL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$7,554
Per Month
Principal & Interest
$7,487
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,564
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Northside Elementary School
2001 Northside Dr
Distance between this listing and this school1.39 miles
Public District Grades PK-5
Middle School
4
/10
Jinks Middle School
600 W 11th St
Distance between this listing and this school2.61 miles
Public District Grades 6-8
High School
3
/10
Bay High School
1200 Harrison Ave
Distance between this listing and this school2.85 miles
Public District Grades 9-12
Assigned Schools
5
/10
Northside Elementary School
2001 Northside Dr
Distance between this listing and this school1.39 miles
Public District Grades PK-5
Nearby Schools
2
/10
Lucille Moore Elementary School
1900 Michigan Ave
Distance between this listing and this school1.89 miles
Public District Grades PK-5
6
/10
Rising Leaders Academy
1527 Lincoln Ave
Distance between this listing and this school1.92 miles
Public Charter Grades KG-5
Assigned Schools
4
/10
Jinks Middle School
600 W 11th St
Distance between this listing and this school2.61 miles
Public District Grades 6-8
Nearby Schools
4
/10
Mowat Middle School
1903 W Highway 390
Distance between this listing and this school2.45 miles
Public District Grades 6-8
7
/10
North Bay Haven Charter Academy Middle School
1104 Balboa Ave
Distance between this listing and this school2.49 miles
Public Charter Grades 6-8
Assigned Schools
3
/10
Bay High School
1200 Harrison Ave
Distance between this listing and this school2.85 miles
Public District Grades 9-12
Nearby Schools
5
/10
Newpoint Bay Charter High School
700 W 23rd St Bldg H
Distance between this listing and this school1.28 miles
Public Charter Grades 9-12
6
/10
Bay Virtual Franchise
1311 Balboa Ave
Distance between this listing and this school2.27 miles
The neighbors living near this home have an average income of $66,500. Most Panama City, FL residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3100 Airport Rd
What is the listing price of this property?
The listing price of 3100 Airport Rd property is $1,500,000.
What type of property is this?
The property 3100 Airport Rd is land located in Panama City, Florida, 32405.
Is this property for sale now?
Accepting Backup Offers: 3100 Airport Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 3100 Airport Rd are: Northside Elementary School: GreatSchools Rating 5/10Jinks Middle School: GreatSchools Rating 4/10Bay High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $2,524 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 3100 Airport Rd in Panama City, FL and zip code 32405 in the Saint Andrews Bay neighborhood. This home sits on a 4.36 acre lot. It has been listed on Rocket Homes since May 31, 2023 and is currently priced at $1,500,000.
In March 2024, from all listings sold in Panama City, FL there were more than 13 sold above asking price, over 120 sold below and more than 63 were sold right at the asked price. Between February 2024 and March 2024, Panama City, FL real estate market has seen increase in the number of listings by 3.2%. In March 2024, listings were on the market for 82 days. During the same period, the median list price in this real estate market was $347,126.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Horse Races
Horse Races
Soccer
Continuing Education Courses
Stein Mart
Forever 21
Express/Express For Men
LongHorn Steakhouse
Dominos Pizza
Qdoba
Buick
Mazda
Volkswagen
Contemporary Inspirational
Rhythmic Contemporary Hits
Urban Contemporary