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Off market
  • $370,200

    5115 Gulf Dr Unit 2002, Panama City Beach, FL 32408

    1beds
    883sqft
    Single Family Residence
    Built in 2006
    -- sqft lot
    $370,200 Zestimate®
    $419/sqft
    $1,724 Estimated rent

    Home value

    $370,200

    $352,000 - $389,000

    $1,724/mo

    Zestimate® history
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    $1,724/mo

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    $2,421/mo

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    $2,421/mo

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    What's special

    King-size masterBuilt-in hallway bunksStacked washer and dryerPeaceful east-end setting

    This 1BR + BUNKS/2BA condo at Seychelles in Panama City Beach earned over $41K IN RENTAL INCOME last year, making it a strong short-term rental investment and the perfect vacation getaway. Designed to accommodate up to six guests, it features a king-size master, built-in hallway bunks, and a sofa sleeper in the living area - ideal for families or groups. Step through sliding glass doors onto a spacious private balcony with sweeping east and west coast views. Inside, 9-foot ceilings and hard flooring throughout (luxury vinyl plank in the bedroom, tile elsewhere) create a modern, low-maintenance aesthetic. The kitchen is equipped with stainless appliances, while a stacked washer and dryer add convenience for longer stays. Seychelles offers a rare all-inclusive ownership experience with low HOA fees covering all utilities - electricity, cable, internet, water, and trash - reducing monthly expenses and maximizing rental potential. Resort-style amenities include two pools (one seasonally heated gulf-front), a hot tub, fitness center, game room, high-speed elevators, covered parking, and onsite management. Enjoy a peaceful east-end setting while staying close to the best of Panama City Beach - Schooners, St. Andrews State Park, marinas, and dining are just minutes away. Take the first step toward owning your beach getaway - call today!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Source: BHHS broker feed,MLS#: 781225

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Electric
    Cooling
    • Central Air
    Features
    • Cable Ready
    • Has basement: No
    Interior area
    • Total structure area: 883
    • Total interior livable area: 883 sqft

    Property

    Features
    • On waterfront: Yes
    • Waterfront features: Waterfront
    • Frontage type: Waterfront
    Details
    • Parcel number: 31437400172

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • Year built: 2006

    Community & HOA

    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $419/sqft
    • Tax assessed value: $379,100
    • Annual tax amount: $3,680
    • Date on market: 11/5/2025
    • Lease term: Contact For Details
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    4/1/2026Listing removed$388,000$439/sqft
    Source: BHHS broker feed #781225 Report a problem
    1/10/2026Price change$388,000-1.8%$439/sqft
    Source: CPAR #781225 Report a problem
    11/4/2025Listed for sale$395,000-4.6%$447/sqft
    Source: CPAR #781225 Report a problem
    10/29/2025Listing removed--
    Source: Owner Report a problem
    10/21/2025Listed for sale$414,000-10%$469/sqft
    Source: Owner Report a problem
    9/30/2024Listing removed$460,000$521/sqft
    Source: CPAR #755432 Report a problem
    4/11/2024Listed for sale$460,000+142.1%$521/sqft
    Source: CPAR #755432 Report a problem
    9/18/2017Sold$190,000-5%$215/sqft
    Source: ECAOR #772949 Report a problem
    8/24/2017Pending sale$199,900$226/sqft
    Source: Destin #657207 Report a problem
    8/24/2017Listed for sale$199,900$226/sqft
    Source: Destin #657207 Report a problem
    5/13/2017Listing removed$199,900$226/sqft
    Source: Destin #772949 Report a problem
    4/26/2017Listed for sale$199,900$226/sqft
    Source: Destin #772949 Report a problem
    4/26/2017Pending sale$199,900$226/sqft
    Source: Destin #772949 Report a problem
    4/7/2017Listed for sale$199,900-40%$226/sqft
    Source: Keller Williams - Destin #772949 Report a problem
    9/8/2006Sold$333,000$377/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,680 +2%$233,058 +10%
    2023$3,606 +18%$211,871 +10%
    2022$3,056 $192,610
    2021-- --
    2020$2,197 +17.3%$163,719 +10%
    2019$1,874 $148,835 -15%
    2018$1,874 -16%$175,100 +3%
    2017$2,232 +2.3%$170,000 +3.5%
    2016$2,182 +5%$164,329 +10%
    2015$2,079 $149,390 +10%
    2014$2,079 $135,809 +10%
    2013-- $123,463 +5.3%
    2012-- $117,300 -0.7%
    2011-- $118,150 -19%
    2010-- $145,775 -16.7%
    2009-- $175,100 -12.4%
    2008-- $199,818 -17.4%
    2007-- $241,910 +759.5%
    2006-- $28,144
    Find assessor info on the county website

    Neighborhood: Lower Grand Lagoon

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $370,200
    2% more
    +$7,404
    With Zillow Showcase(estimated)
    $377,604
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $370,200
    2% more
    +$7,404
    With Zillow Showcase(estimated)
    $377,604