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For sale
    • Price cut: $10K (7/8)
    $244,900

    117 Cindy Ln, Panama City Beach, FL 32407

    2beds
    972sqft
    Townhouse
    Built in 1985
    1,476 Square Feet Lot
    $234,200 Zestimate®
    $252/sqft
    $374/mo HOA

    What's special

    Gated entryFully furnishedWaterfront restaurant and poolTennis courtsNew hvac systemFitness centerPickleball courts
    Back on market with no seller's fault. Very motivated seller! HUGE PRICE DROP. Beach Life, Rental Income & Incredible Value -- All in One! Fully furnished and truly rental-ready, this beautifully maintained unit is just a 5-minute walk to the beach, offering the perfect blend of comfort, convenience, and coastal charm. With two assigned parking spaces right at your door, everyday convenience comes easy. Major updates include a tankless water heater and a new HVAC system installed at the end of 2024, providing peace of mind and long-term value. Exceptionally cared for, this property presents a rare opportunity to own a move-in-ready beach retreat in one of Panama City Beach's most sought-after communities. Low HOA fees include an impressive array of amenities: 11 pools (5 heated), pickleball courts, shuffleboard, tennis courts, mini golf, fitness center, playground, waterfront restaurant and pool, Wi-Fi, pest control, termite bond, trash service, grounds maintenance, property patrol, gated entry, and more.
    145 days
    |
    458
    |
    39
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Denis Rakov 850-319-7412,

    Beachy Beach Real Estate

    Source: CPAR,MLS#: 786590MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bedroom, Primary Bedroom
      Primary bedroom
      • Level: Second
      • Dimensions: 13 x 12
      Bedroom
      • Level: Second
      • Dimensions: 12 x 11
      Features
      • Upper Level Primary
      Interior area
      • Total structure area: 972
      • Total interior livable area: 972 sqft

      Property

      Features
      • Pool features: Community
      Lot
      • Size: 1,476 Square Feet
      • Dimensions: 18 x 82
      Details
      • Parcel number: 34797101008

      Construction

      Type & style
      • Home type: Townhouse
      • Property subtype: Townhouse
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1985

      Community & HOA

      Community
      • Features: Community Pool, Short Term Rental Allowed
      • Subdivision: Gulf Highlands Beach Resort
      HOA
      • Has HOA: Yes
      • Amenities included: Gated
      • Services included: Pool(s), Security
      • HOA fee: $1,122 quarterly
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $252/sqft
      • Tax assessed value: $266,222
      • Annual tax amount: $3,113
      • Date on market: 7/31/2026
      • Cumulative days on market: 146 days

        Estimated market value

        $234,200

        $222,000 - $246,000

        $1,879/mo

        Price history

        DateEventPrice
        7/31/2026Listed for sale$244,900$252/sqft
        Source: CPAR #786590 Report a problem
        7/25/2026Pending sale$244,900$252/sqft
        Source: CPAR #786590 Report a problem
        7/8/2026Price change$244,900-3.9%$252/sqft
        Source: CPAR #786590 Report a problem
        5/19/2026Price change$254,900-1.2%$262/sqft
        Source: CPAR #786590 Report a problem
        5/9/2026Price change$257,900-0.8%$265/sqft
        Source: CPAR #786590 Report a problem
        3/10/2026Listed for sale$259,900+15.5%$267/sqft
        Source: CPAR #786590 Report a problem
        4/19/2021Sold$225,000-2.1%$231/sqft
        Source: CPAR #708867 Report a problem
        3/10/2021Pending sale$229,900$237/sqft
        Source: CPAR #708867 Report a problem
        3/9/2021Listed for sale$229,900+109.2%$237/sqft
        Source: CPAR #708867 Report a problem
        8/7/2013Sold$109,900$113/sqft
        Source: CPAR #608358 Report a problem
        4/20/2013Listed for sale$109,900+10%$113/sqft
        Source: Emerald Coast Realty, Inc. #608358 Report a problem
        4/8/2012Listing removed$99,900$103/sqft
        Source: Emerald Coast Realty, Inc. #504434 Report a problem
        3/10/2012Listed for sale$99,900$103/sqft
        Source: Emerald Coast Realty, Inc. #504434 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,113 +6.9%$229,668 +10%
        2023$2,913 +33.7%$208,789 +10%
        2022$2,179 $189,808
        2021-- --
        2020$1,434 +10.6%$110,800 +10%
        2019$1,296 $100,727 +8%
        2018$1,296 +5.1%$93,227 +4.4%
        2017$1,233 +16.4%$89,260 -0.2%
        2016$1,059 -1.9%$89,396 -0.5%
        2015$1,080 $89,820 -0.2%
        2014$1,080 $89,969 +4.4%
        2013-- $86,147 +0.4%
        2012-- $85,811 +5.5%
        2011-- $81,323 -1%
        2010-- $82,160 -17%
        2009-- $98,967 -19%
        2008-- $122,199 -10.5%
        2007-- $136,481 -12.2%
        2006-- $155,522
        2005-- $155,522 +131.2%
        2004-- $67,267
        2003-- $67,267 +13.1%
        2002-- $59,477 +13.3%
        2001-- $52,509 +7.4%
        2000-- $48,895
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 32407

        Getting around

        53 / 100
        Somewhat Walkable
        48 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Hutchison Beach
        • Middle: Surfside
        • High: Arnold

        Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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