Experience coastal living at its finest in this stunning 19th floor penthouse Gulf-front condo at Sterling Reef Condominiums. This beautifully updated two-bedroom, two-bath residence offers breathtaking views of the turquoise and emerald-green waters of the Gulf, perfectly complemented by sugar-white sands stretching for miles.
Designed for both comfort and style, this turnkey-rental ready condo comfortably sleeps up to six guests and features fresh updates throughout--including new paint completed within the last week, along with a new couch, chair, and rug that bring a bright, modern feel to the space. The open living area flows seamlessly onto a spacious Gulf-front balcony, where you can relax, dine, or simply take in the unforgettable sunsets.
The primary suite is a true retreat, complete with a private en-suite bath and its own direct balcony access--perfect for enjoying your morning coffee with the sound of the waves. The second bedroom and full bath provide ample space and privacy for guests or family.
Sterling Reef offers exceptional amenities, including a beachfront pool, fitness center, outdoor grilling stations, and picnic areas--everything you need for the perfect beachside lifestyle. The location is unbeatable: situated directly next to M.B. Miller County Pier, you'll have front-row seats to incredible views and fishing opportunities. You're also across the street from Shipwreck Island Waterpark and just minutes from shopping, dining, and entertainment at Pier Park.
Even better, enjoy spectacular Independence Day fireworks right from your own balcony--no crowds required.
This condo is a proven rental with great rental history. Even better, reservations are already secured for 2026, offering immediate, turnkey income for the next owner.
Whether you're looking for a personal getaway, investment property, or vacation rental, this penthouse truly has it all--luxury, location, and lifestyle you simply can't beat.
For sale
$439,900
12011 Front Beach Rd Unit 1902B, Panama City Beach, FL 32413
2beds
1,076sqft
Condominium
Built in 2005
-- sqft lot
$421,200 Zestimate®
$409/sqft
$-- HOA
What's special
Fresh updates throughoutNew paintPicnic areasBright modern feelOutdoor grilling stationsUnforgettable sunsetsBeachfront pool
- 65 days |
- 233 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Kay H Pate 205-382-0647,
Beach Haven Realty,
Patrick D Pate 850-381-7273,
Beach Haven Realty
Source: CPAR,MLS#: 789284
Originating MLS: Central Panhandle Association of REALTORS
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Living Room, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 15 x 11
Living room
- Level: First
- Dimensions: 23 x 14
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Convection Oven, Washer/Dryer Stacked, Electric Cooktop, Ice Maker
- Laundry: Stacked
Features
- Balcony, Main Level Primary
Interior area
- Total structure area: 1,076
- Total interior livable area: 1,076 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Patio & porch: Balcony
- Pool features: Community
- Spa features: Community
- Has view: Yes
- View description: Gulf, Water
- Has water view: Yes
- Water view: Gulf,Water
- Waterfront features: Gulf, Shoreline - Sand
Details
- Parcel number: 34809610121
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Architectural style: High Rise
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Concrete
Condition
- New construction: No
- Year built: 2005
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Phone Available
Community & HOA
Community
- Features: Barbecue, Beach, Park, Pool, Community Pool, Short Term Rental Allowed
- Security: Security Service
- Subdivision: Sterling Reef
HOA
- Has HOA: Yes
- Amenities included: Beach Rights, Barbecue, Picnic Area
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $409/sqft
- Tax assessed value: $461,975
- Annual tax amount: $5,465
- Date on market: 5/2/2026
- Cumulative days on market: 228 days
Estimated market value
$421,200
$400,000 - $442,000
$5,460/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2026 | Listed for sale | $439,900+2.3%$409/sqft |
Source: | ||
| 4/2/2026 | Listing removed | $429,900$400/sqft |
Source: | ||
| 3/11/2026 | Price change | $429,900-3.4%$400/sqft |
Source: | ||
| 12/17/2025 | Price change | $445,000-7.1%$414/sqft |
Source: | ||
| 10/9/2025 | Listed for sale | $479,000+112.9%$445/sqft |
Source: | ||
| 9/1/2009 | Sold | $225,000-13.5%$209/sqft |
Source: Public Record Report a problem | ||
| 7/25/2008 | Sold | $260,000-54.4%$242/sqft |
Source: Public Record Report a problem | ||
| 4/22/2005 | Sold | $570,000$530/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,465 +4.7% | $390,316 +10% |
| 2023 | $5,220 +25.5% | $354,833 +10% |
| 2022 | $4,161 | $322,575 |
| 2021 | -- | -- |
| 2020 | $3,308 +10.8% | $269,488 +10% |
| 2019 | $2,985 | $244,989 +10% |
| 2018 | $2,985 +8.5% | $222,717 +10% |
| 2017 | $2,752 +19% | $202,470 +0.4% |
| 2016 | $2,312 +0% | $201,607 +10% |
| 2015 | $2,311 | $183,279 +10% |
| 2014 | $2,311 | $166,617 +10% |
| 2013 | -- | $151,470 +10% |
| 2012 | -- | $137,700 -15.3% |
| 2011 | -- | $162,565 -8.9% |
| 2010 | -- | $178,500 -19.1% |
| 2009 | -- | $220,580 -19.8% |
| 2008 | -- | $274,890 -16% |
| 2007 | -- | $327,250 -30% |
| 2006 | -- | $467,500 +1458.3% |
| 2005 | -- | $30,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 32413
Nearby schools
GreatSchools rating
- 8/10Hutchison Beach Elementary SchoolGrades: K-5Distance: 0.8 mi
- 7/10Surfside Middle SchoolGrades: PK-12Distance: 2 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 1.3 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Bay County
- Panama City Beach
- 32413
- 12011 Front Beach Rd Unit 1902B
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