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Sold for $223,000
  • $223,000

    1320 E 5th St APT 103, Panama City, FL 32401

    2beds
    844sqft
    Condominium
    Built in 1985
    -- sqft lot
    $221,500 Zestimate®
    $264/sqft
    $1,498 Estimated rent

    Home value

    $221,500

    $199,000 - $246,000

    $1,498/mo

    Zestimate® history
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    $1,540/mo

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    What's special

    Open-concept layoutIn-unit laundry facilitiesDeeded boat slipWatson bayouWell-equipped kitchenSleek stainless steel appliancesAir conditioning
    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Charming Turnkey Rental Investment with Boat Slip in Beautiful Panama City, Florida! Welcome to your next investment! This delightful turnkey rental Condo is the perfect opportunity for anyone looking to step into the thriving Panama City rental market without the hassle. What You'll Love About This Property: - Fantastic Location: Situated right on Watson Bayou just a mile away from Downtown Panama City with amazing dining spots, and fun local attractions, this unit is perfectly positioned to attract both vacationers and long-term tenants. Perfect for avid fishermen, keep your boat at the deeded boat slip and just a 10 minute ride to the Saint Andrews Pass! - Move-In Ready: Fully furnished with stylish decor and comfortable furnishings, this charming unit is ready to welcome guests right away. Simply move in or list it for rentals immediately! - Spacious Comfort: With 844 sq ft of inviting living space, this unit features 2 cozy bedrooms and 2 bathrooms, plus an open-concept layout that's perfect for relaxing or entertaining. - Modern Amenities: Enjoy a well-equipped kitchen with sleek stainless steel appliances, generous countertops, and ample storage options. Plus, you'll find convenient in-unit laundry facilities and air conditioning for year-round comfort. HOA covers Internet, boat slip (with Electric & water), trash, & pest control! Only pay your electric! - Bonus Feature - Deeded Boat Slip: This property even includes a deeded boat slip! Perfect for those who love spending time on the water, it offers easy GULF access to boating and fishing right from your doorstep. - Rental History: With AirbNb rental history and a high demand for properties in this area, you can feel confident in your investment's potential for cash flow and appreciation. - Low Maintenance: Well-maintained and managed, this property is not only charming but also easy to care for, making it an ideal rental investment. Don't miss this friendly and fabulous turnkey rental opportunity in lovely Panama City! Contact us today to schedule your showing and start your journey to owning this amazing property! Any Assessment paid in full at closing!

    Zillow last checked:

    Listing updated:

    Listed by:

    Megan Osborn 850-276-0020,

    Foundation Real Estate Agency LLC

    Bought with:

    Megan Osborn

    Foundation Real Estate Agency LLC

    Source: CPAR,MLS#: 775714MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Bedroom, Kitchen, Living Room
    Bedroom
    • Level: First
    • Dimensions: 11.2 x 13.9
    Bedroom
    • Level: First
    • Dimensions: 10.7 x 12
    Kitchen
    • Level: First
    • Dimensions: 11 x 8
    Living room
    • Level: First
    • Dimensions: 11.5 x 13.1
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Washer/Dryer Stacked, Electric Range, Electric Water Heater
    • Laundry: Stacked
    Features
    • Windows: Double Pane Windows
    Interior area
    • Total structure area: 844
    • Total interior livable area: 844 sqft

    Property

    Parking
    • Parking features: Electric Gate, Paved, Parking Lot
    Features
    • Patio & porch: Balcony, Covered, Patio
    • Exterior features: Boat Slip, Dock
    • Fencing: Partial
    • Has view: Yes
    • View description: Bayou
    • Has water view: Yes
    • Water view: Bayou
    • Waterfront features: Bayou, Bayfront, Seawall
    Details
    • Parcel number: 22331954000
    • Zoning description: Resid Multi-Family
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Low Rise
    • Property subtype: Condominium
    Materials
    • Stucco
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1985

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Electricity Available

    Community & HOA

    Community
    • Features: Dock, Fishing, Park, Waterfront, Gated, Short Term Rental Allowed
    • Security: Gated Community
    • Subdivision: Bayou Pointe Villas
    HOA
    • Has HOA: Yes
    • Amenities included: Dock, Gated, Picnic Area, Boat Slip
    Location
    • Region: Panama City

    Financial & listing details

    • Price per square foot: $264/sqft
    • Annual tax amount: $3,356
    • Date on market: 7/1/2025
    • Cumulative days on market: 41 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    9/15/2025Sold$223,000-10.4%$264/sqft
    Source: CPAR #775714 Report a problem
    8/12/2025Pending sale$248,900$295/sqft
    Source: CPAR #775714 Report a problem
    7/25/2025Price change$248,900-0.4%$295/sqft
    Source: CPAR #775714 Report a problem
    7/2/2025Listed for sale$249,900$296/sqft
    Source: CPAR #775714 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 32401

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Cherry Street
    • Middle: Jinks
    • High: Bay

    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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    $221,500
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    +$4,430
    With Zillow Showcase(estimated)
    $225,930