25 days on rocket

8700 Front Beach Rd Unit 3106, Panama City Beach, FL, 32407

$255,000

Home List Price

$3,028*

Closing Credit

1 Bedroom
1 Full Bath
1,071 SqFt
$238/SqFt
Condo
Schools Nearby

Location

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8700 Front Beach Rd Unit 3106, Panama City Beach$255,000

Buyer Closing Credits

$3,028*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCovered, Permit Required
Year Built2009
HeatingElectric
CoolingCentral Air
MLS #754718
StatusActive

About 8700 Front Beach Rd Unit 3106

Income opportunity-Ground floor Units only come around once in a Blue Moon at Island Reserve. This one not only has the advantage of being on the first floor, this residence has a bonus room that can be used as you like. Often as an additional bedroom or bunk room. This unit is very spacious with high ceilings, and an open floor design, with the bonus of crown molding, wood and tile floors, granite counter tops and an updated kitchen with modern appliances. The master bedroom has a double vanity with a large tub and shower type design. This residence features a laundry area that will accommodate a full size washer and dryer. Island Reserve is not only modern, but also one of the most amenity rich communities in Panama City Beach, featuring an excellent fitness facility, game room, theater room with a huge screen, basketball court and volleyball courts, with a Dream Pool that features a waterfall, all wrapped up in a safe gated community with modern styling that includes covered parking for two cars. Island Reserve also allows owners to have dogs, which is becoming increasingly rare. It is very close to our beautiful sandy beaches, and centrally located to all that is Panama City Beach. Long term rental projection on this unit is approximately $1900.00 per month, with low HOA member dues, making this an attractive investment opportunity.

Property Details

Property Features

Property Information:

  • Architectural Style: Low Rise
  • Year Built: 2009
  • Living Area: 1,071 SqFt

Listing Office:

  • Office Name: Local Motion Realty LLC

Interior Features

Interior Information:

  • Appliances: Electric Oven, Refrigerator, Range Hood
  • Interior: Kitchen Island, New Paint

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Pool

Parking Information:

  • Parking: Covered, Permit Required

Utilities

Utilities Information:

  • Heating: Electric
  • 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: Directions: Island reserve is on the corner of Front Beach Road, and Laurie ave. It is West of the Hathaway Bridge. It is a gated community, you will need a gate code to enter.

Price Information

Listing Price Info

Price Summary:

  • List Price: $255,000
  • Price Per SqFt: $238/SqFt

HOA Fees:

  • Amount: $1232
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $969
  • Tax Year: 2020
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Housing Market Comparison

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

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Panama City Beach, FL

City

Med. Sold Price

$479.9K

Med. Price/SqFt

$352

Avg. Days On Market

95

# of Sold Homes

114

8700 Front Beach Rd Unit 3106 vs Panama City Beach

25 DAYS ON ROCKET

-70 Days

$255,000

-$224.9K Less

$238/SqFt

-$115 Less

KEY TAKEAWAY

This property is $224.9K less than the Median Sold Price and $115/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: BCAR
  • MLS Number: #754718

Listing Office:

  • Office Name: Local Motion Realty LLC

IDX 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 3:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 17, 2016Home Sold
$129,500
Jun 17, 2009Home Sold
$80,300

Tax History

YEARPROP. TAXASSESSMENT
2020$969$140,675
2018$936$109,911
2017$919$107,650

History based on county public records data.

Payment Calculator

$1,750

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$831

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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.

Middle School

school-card-donut-3201234
6
/10

  • Breakfast Point Academy

  • 601 North Richard Jackson Blvd

  • 2.08 miles

  • Public District Grades PK-8

High School

school-card-donut-3201235
5
/10

  • J.R. Arnold High School

  • 550 N Alf Coleman Rd

  • 2.23 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,858. Most Panama City Beach, FL residents have annual incomes less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8700 Front Beach Rd Unit 3106

What is the listing price of this property?

The listing price of 8700 Front Beach Rd Unit 3106 property is $255,000.

What type of property is this?

The property 8700 Front Beach Rd Unit 3106 is a condo located in Panama City Beach, Florida, 32407.

Is this property for sale now?

Active Listing: 8700 Front Beach Rd Unit 3106 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 8700 Front Beach Rd Unit 3106 are:
Breakfast Point Academy: GreatSchools Rating 6/10
J.R. Arnold High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $969 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 17, 2016 for $129,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8700 Front Beach Rd Unit 3106 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 8700 Front Beach Rd Unit 3106 is 1,071 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8700 Front Beach Rd Unit 3106 is 2009.

Rocket Homes›Florida›Bay County›Panama City Beach›32407›8700 Front Beach Rd Unit 3106

This home is located at 8700 Front Beach Rd Unit 3106 in Panama City Beach, FL and zip code 32407. This 1,071 square foot home was built in 2009. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since April 04, 2024 and is currently priced at $255,000.

Over 7 listings were sold over their listed price in March 2024 in Panama City Beach, FL. In the same period over 85 listings were sold below the listed price and 22 listings were sold for the listed price. In March 2024 in Panama City Beach, FL there were 9.3% more homes for sale than in February 2024. While the average time on the market in March 2024 was 95 days, the median list price was $479,991.

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

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