131 Grand Island Blvd, Panama City Beach, FL 32407
What's special
5-minute walk to the beach! Welcome to Gulf Highlands Beach Resort, where this 2-story, 2-bedroom, 2.5-bath townhome is being SOLD FULLY FURNISHED and is ready for immediate enjoyment or to become your next investment property! With rental projections of approximately $38,000 annually, plus a 2022 roof and 2022 HVAC, this property is ready to go. Inside, you'll find a bright, neutral interior with an open layout. The kitchen features tile flooring, stainless steel appliances, abundant cabinetry, and a large breakfast bar with ample seating, while the adjacent dining area accommodates more seating. The spacious living room opens through sliding glass doors to a covered patio overlooking one of the community pools, with a shared green space, creating a relaxing outdoor setting. Additional conveniences include two owner's closets for secure storage and two assigned parking spaces. Both bedrooms and the laundry room are located upstairs. The spacious primary suite features a vaulted ceiling, private balcony with pool views, and an ensuite bathroom with a tub/shower combination. The second bedroom also includes its own ensuite bathroom with a walk-in shower, offering privacy for guests. Gulf Highlands Beach Resort is packed with amenities, including private beach access, 11 swimming pools, newly added pickleball courts, basketball courts, shuffleboard courts, mini golf, and a fitness center. Centrally located in Panama City Beach, you're just minutes from shopping, dining, and local attractions. Whether you're looking for a beach getaway, full-time residence, or short-term rental investment, this townhome offers an excellent location, strong income potential, and outstanding resort-style amenities!
- 19 days |
- 555 |
- 8 |
Originating MLS: Central Panhandle Association of REALTORSTravel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
TRAVIS TALLEY 850-916-5800,
KELLER WILLIAMS REALTY GULF COAST
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom, Dining Room, Full Bath, Foyer, Half Bath, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom
Primary bedroom
- Level: Second
- Dimensions: 17.3 x 13.2
Bedroom
- Level: Second
- Dimensions: 13.11 x 10.9
Primary bathroom
- Level: Second
- Dimensions: 10.6 x 5.2
Dining room
- Dimensions: 17.3 x 10.8
Foyer
- Level: First
- Dimensions: 3.8 x 2.11
Other
- Level: Third
- Dimensions: 7.5 x 6.6
Half bath
- Level: First
- Dimensions: 3 x 7
Kitchen
- Level: First
- Dimensions: 13.11 x 11.1
Laundry
- Level: Second
- Dimensions: 2.9 x 6.6
Living room
- Dimensions: 17.3 x 14.1
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Oven, Electric Range, Tankless Water Heater
Features
- Balcony, Interior Steps, Tub Shower, Upper Level Primary, Walk-In Closet(s), Entrance Foyer
Interior area
- Total structure area: 1,436
- Total interior livable area: 1,436 sqft
Video & virtual tour
Property
Parking
- Parking features: No Garage, Gated
Features
- Patio & porch: Balcony, Covered, Patio
- Exterior features: Patio
- Pool features: Community
Lot
- Size: 920 Square Feet
- Dimensions: 20 x 46 x 20 x 46
- Features: Paved
Details
- Parcel number: 34797832000
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Slab
- Roof: Clay
Condition
- New construction: No
- Year built: 1989
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Beach, Fitness Center, Golf, Pool, Tennis Court(s), Community Pool, Gated, Short Term Rental Allowed
- Security: Gated Community, Security Gate
- Subdivision: Gulf Highlands Beach Resort
HOA
- Has HOA: Yes
- Amenities included: Beach Rights, Gated
- Services included: Fitness Facility, Internet, Maintenance Grounds, Pool(s), Tennis Courts, Trash
- HOA fee: $1,122 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $289/sqft
- Tax assessed value: $361,863
- Annual tax amount: $4,486
- Date on market: 8/7/2026
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Listed for sale | $415,000-2.4%$289/sqft |
Source:  PAR #687148 Report a problem | ||
| 5/19/2022 | Sold | $425,000+9.3%$296/sqft |
Source:  CPAR #723784 Report a problem | ||
| 3/22/2022 | Pending sale | $389,000+49.7%$271/sqft |
Source: CPAR #723784 Report a problem | ||
| 4/6/2019 | Listing removed | $259,900$181/sqft |
Source: MLStoSell.com #677068 Report a problem | ||
| 1/4/2019 | Price change | $259,900+4%$181/sqft |
Source: MLStoSell.com #677068 Report a problem | ||
| 11/6/2018 | Price change | $249,900-3.5%$174/sqft |
Source: MLStoSell.com #677068 Report a problem | ||
| 10/5/2018 | Listed for sale | $259,000+8.1%$180/sqft |
Source: MLStoSell.com #677068 Report a problem | ||
| 3/29/2018 | Sold | $239,500-2.2%$167/sqft |
Source: CPAR #667654 Report a problem | ||
| 2/3/2018 | Pending sale | $244,900$171/sqft |
Source: Emerald Coast Realty Inc #667654 Report a problem | ||
| 2/3/2018 | Listed for sale | $244,900+20.3%$171/sqft |
Source: Emerald Coast Realty Inc #667654 Report a problem | ||
| 8/1/2016 | Sold | $203,500-0.7%$142/sqft |
Source: CPAR #637078 Report a problem | ||
| 2/19/2016 | Listing removed | $204,900$143/sqft |
Source: Emerald Coast Realty Inc #637078 Report a problem | ||
| 10/27/2015 | Listed for sale | $204,900+10.8%$143/sqft |
Source: Emerald Coast Realty Inc #637078 Report a problem | ||
| 5/12/2003 | Sold | $185,000$129/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,486 +4.4% | $361,863 +1.8% |
| 2023 | $4,299 +70.8% | $355,451 +66.2% |
| 2022 | $2,516 | $213,817 |
| 2021 | -- | -- |
| 2020 | $2,339 +9.1% | $190,961 +10% |
| 2019 | $2,145 | $173,601 +1.1% |
| 2018 | $2,145 -0.6% | $171,791 +3.2% |
| 2017 | $2,157 +41.6% | $166,488 +24.4% |
| 2016 | $1,523 -5.8% | $133,805 -1.1% |
| 2015 | $1,617 | $135,300 -0.8% |
| 2014 | $1,617 | $136,455 -0.7% |
| 2013 | -- | $137,486 +0.6% |
| 2012 | -- | $136,667 -6.1% |
| 2011 | -- | $145,540 -4.4% |
| 2010 | -- | $152,257 -10.4% |
| 2009 | -- | $169,987 -8.3% |
| 2008 | -- | $185,367 -10.3% |
| 2007 | -- | $206,641 -20.1% |
| 2006 | -- | $258,482 |
| 2005 | -- | $258,482 +62.5% |
| 2004 | -- | $159,041 +68.1% |
| 2003 | -- | $94,630 +15.2% |
| 2002 | -- | $82,176 +13.5% |
| 2001 | -- | $72,378 +8.4% |
| 2000 | -- | $66,799 |
Find assessor info on the county website
Monthly payment
Estimated market value
$394,400
$375,000 - $414,000
$2,325/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.