503 Lighthouse Rd Unit 503, Panama City Beach, FL, 32407

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503 Lighthouse Rd Unit 503, Panama City Beach$257,500

Buyer Closing Credits

$3,058^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeCondominium

Year Built2006

HeatingCentral

CoolingCentral Air

MLS #943037

StatusActive

About 503 Lighthouse Rd Unit 503

SHORT TERM RENTALS ALLOWED!! Projected annual revenue for this rental machine is appx $48K. Welcome to the heart of Panama City Beach! Nautilus Cove Condos offer nice amenities like a large lagoon style pool, fitness center, and playground. Location is ideal as the beach is only 1 mile away and shopping, schools, and entertainment are just over 2 miles. This 2 bedroom 2 bath downstairs unit allows short term rentals. The flooring was recently updated and kitchen/baths have granite counter tops. Whether youre purchasing as an investment or as your forever home, this furnished unit is turn key and ready for you. If measurements deemed important, please verify.

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Property Details

Property Features

Property Information:

• Architectural Style: N/A
• Year Built: 2006
• Living Area: 935 SqFt

Listing Office:

• Office Name: Think Real Estate
• Office Email: zsanchez92@gmail.com
• Listing Agent: Tina Lamonica

Interior Features

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 2

Exterior Features

Exterior Information:

• Private Pool: No

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air

School Info

Assigned Schools Information:

• J.R. Arnold High School, Public District Grades 9-12
• Breakfast Point Academy, Public District Grades PK-8

Other

Directions Information:

• Directions: From Inlet Beach, travel east on 98/PCB Pkway, left into the Nautilus Cove Condo complex, turn right, downstairs unit is located in building 5.

Price Information

Listing Price Info

Price Summary:

• List Price: $257,500
• Price Per SqFt: $275/SqFt

HOA Fees:

• Amount: $1416
• Frequency: Quarterly

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Housing Market Comparison

See how this home compares to others in Panama City Beach, FL.

Panama City Beach, FL

City

Med. Sold Price

$479.9K

Med. Price/SqFt

$352

Avg. Days On Market

95

# of Sold Homes

114

503 Lighthouse Rd Unit 503 vs Panama City Beach

63 DAYS ON ROCKET

-32 Days

$257,500

-$222.4K Less

$275/SqFt

-$78 Less

KEY TAKEAWAY

This property is $222.4K less than the Median Sold Price and $78/SqFt less than other homes in Panama City Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: Emerald Coast Association of REALTORS®
• MLS Number: #943037

Listing Office:

• Office Name: Think Real Estate
• Office Email: zsanchez92@gmail.com
• Listing Agent: Tina Lamonica

Information Deemed Reliable but not guaranteed. The information being provided is 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 10:20:24 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

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NMLS#3030

**Disclosures

Rocket Homes›Florida›Bay County›Panama City Beach›32407›503 Lighthouse Rd Unit 503

This home is located at 503 Lighthouse Rd Unit 503 in Panama City Beach, FL and zip code 32407. This 935 square foot home was built in 2006. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 23, 2024 and is currently priced at $257,500.

In March 2024 more than 7 listings in Panama City Beach, FL were sold above the asking price. During the same period more than 22 listings were sold at asking price, while more than 85 were sold below. The inventory of homes for sale in Panama City Beach, FL between February 2024 and March 2024 increased by 9.3%. In March 2024, listings were on the market for 95 days. During the same period, the median list price in this real estate market was $479,991.

From Rocket Homes Real Estate and based on county public records data.