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Sold for $400,000
  • $400,000

    5115 Gulf Dr Unit 402, Panama City Beach, FL 32408

    1beds
    883sqft
    Condominium
    Built in 2006
    -- sqft lot
    $383,600 Zestimate®
    $453/sqft
    $1,936 Estimated rent

    Home value

    $383,600

    $357,000 - $414,000

    $1,936/mo

    Zestimate® history
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    What's special

    Direct beach accessPrivate balconyHot tubPrivate en-suite bathroomGranite countertopsFloor-to-ceiling gulf-facing windowsSpacious master suite
    UNDER CONTRACT WITH CONTINGENCIES; SELLER ACCEPTING BACKUP OFFERS. Welcome to Seychelles Beach Resort, one of Panama City Beach's most coveted Gulf-front communities, where luxury, location, and income potential meet. Perched directly on the sugar-white sands, this turnkey-ready 1-bedroom, 2-bathroom condo delivers unbeatable views and an unbeatable investment. Step inside to discover a light-filled, open-concept living and dining space framed by floor-to-ceiling Gulf-facing windows. The private balcony is your front-row seat to breathtaking sunsets and gentle sea breezes perfect for morning coffee or evening cocktails. The spacious master suite features a king-sized bed and private en-suite bathroom, while a second full bath offers added flexibility for guests making this unit ideal as a vacation rental, personal beach retreat, or year-round residence. The modern kitchen boasts granite countertops, stainless steel appliances, and ample cabinetry perfect for whipping up beachside meals after a day in the sun. Seychelles Beach Resort amenities include: Two beachfront pools (one heated seasonally) Hot tub Fitness center Covered parking Direct beach access Electricity INCLUDED in HOA dues a rare bonus! Located on the peaceful east end of Panama City Beach, you're just steps from St. Andrews State Park and walking distance to dining and entertainment with the iconic Schooners beachside restaurant right at your doorstep. Why investors love it: High rental demand, exceptional amenities, and one of the very few buildings with utilities covered in the HOA. Whether you're looking to capitalize on short-term rental income or secure your own slice of paradise, this is a rare Gulf-front opportunity you don't want to miss. Schedule your private tour today and start living (or renting) the beachfront dream.

    Zillow last checked:

    Listing updated:

    Listed by:

    Mike S Herring 850-321-0917,

    Keller Williams Realty Emerald

    Bought with:

    Chuck F Peek, 0409158

    Anchor Realty Florida

    Source: CPAR,MLS#: 777331MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Dining Room, Full Bath, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
    Primary bedroom
    • Description: All measurements are approximate
    • Level: First
    • Dimensions: 12 x 10
    Primary bathroom
    • Level: First
    • Dimensions: 8 x 6
    Dining room
    • Level: First
    • Dimensions: 7 x 7
    Other
    • Level: First
    • Dimensions: 8 x 6
    Kitchen
    • Level: First
    • Dimensions: 8 x 6
    Living room
    • Level: First
    • Dimensions: 16 x 13
    Heating
    • Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Washer/Dryer Stacked, Electric Cooktop, Electric Range, Electric Water Heater
    • Laundry: Stacked
    Interior area
    • Total structure area: 883
    • Total interior livable area: 883 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Patio & porch: Balcony
    • Pool features: In Ground, Community
    • Has view: Yes
    • View description: Gulf
    • Has water view: Yes
    • Water view: Gulf
    • Waterfront features: Gulf
    Lot
    • Features: Paved
    Details
    • Parcel number: 31437400028
    • Zoning description: Resid Multi-Family, Resort
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: High Rise
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 2006

    Utilities & green energy

    • Sewer: Public Sewer

    Community & HOA

    Community
    • Features: Community Pool, Short Term Rental Allowed
    • Security: Fire Sprinkler System, Secured Garage/Parking, Smoke Detector(s)
    • Subdivision: Seychelles Resort Condominium
    HOA
    • Has HOA: Yes
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $453/sqft
    • Tax assessed value: $379,100
    • Annual tax amount: $4,699
    • Date on market: 8/8/2025
    • Cumulative days on market: 5 days

    Price history

    DateEventPrice
    9/23/2025Sold$400,000-3.6%$453/sqft
    Source: CPAR #777331 Report a problem
    8/13/2025Pending sale$415,000$470/sqft
    Source: ECAOR #982663 Report a problem
    8/13/2025Contingent$415,000$470/sqft
    Source: CPAR #777331 Report a problem
    8/8/2025Listed for sale$415,000$470/sqft
    Source: CPAR #777331 Report a problem
    7/6/2025Listing removed$415,000$470/sqft
    Source: CPAR #773670 Report a problem
    6/24/2025Price change$415,000-3.3%$470/sqft
    Source: CPAR #773670 Report a problem
    5/31/2025Listed for sale$429,000-0.2%$486/sqft
    Source: ECAOR #976773 Report a problem
    5/13/2025Listing removed$430,000$487/sqft
    Source: CPAR #765113 Report a problem
    4/9/2025Price change$430,000-3.4%$487/sqft
    Source: CPAR #765113 Report a problem
    11/15/2024Listed for sale$445,000-5.3%$504/sqft
    Source: CPAR #765113 Report a problem
    6/14/2024Listing removed--
    Source: ECAOR #938096 Report a problem
    12/9/2023Listed for sale$470,000+9.3%$532/sqft
    Source: ECAOR #938096 Report a problem
    3/30/2023Sold$430,000-4.4%$487/sqft
    Source: ECAOR #916065 Report a problem
    2/28/2023Pending sale$449,900$510/sqft
    Source: ECAOR #916065 Report a problem
    2/17/2023Price change$449,900-1.1%$510/sqft
    Source: CPAR #736993 Report a problem
    1/31/2023Listed for sale$454,900+130.9%$515/sqft
    Source: CPAR #736993 Report a problem
    10/31/2016Sold$197,000-3.9%$223/sqft
    Source: Public Record Report a problem
    5/27/2016Listed for sale$204,900+20.9%$232/sqft
    Source: Keller Williams - Destin #646676 Report a problem
    1/4/2011Sold$169,500-5.8%$192/sqft
    Source: Public Record Report a problem
    2/27/2009Sold$180,000$204/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,699 +30.3%$379,100 +78.9%
    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
    Schools provided by the listing agent
    • Elementary: Patronis
    • 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.

    Sell for more on Zillow
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    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
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    With Zillow Showcase(estimated)
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