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Sold for $367,500
    • $367,500

    5115 Gulf Dr Unit 404, Panama City Beach, FL 32408

    1beds
    883sqft
    Condominium
    Built in 2006
    -- sqft lot
    $364,500 Zestimate®
    $416/sqft
    $1,755 Estimated rent

    Home value

    $364,500

    $346,000 - $383,000

    $1,755/mo

    Zestimate® history
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    What's special

    Direct gulf viewOne bedroomFresh paint throughoutGulf-front buildingNew washer and dryerNew mattressesNew dishwasher
    There is no other gulf-front building in Panama City Beach where your electric bill is zero. Seychelles is it. Unit 404 sits on the fourth floor with a direct gulf view. One bedroom, two full baths, and hallway bunks that sleep the whole group. Fully furnished and move-in ready. Here's what makes Seychelles different from every other building on this beach: electricity is included in the HOA fee. Not water. Not trash. Electric. That means no summer AC bill, no winter heating bill, no utility surprise -- ever. For a vacation home owner, that's simplicity. For an investor running short-term rentals, that's a cost structure no comparable can match. The unit was completely refreshed in 2024 -- new furniture, new mattresses, new ceiling fans, fresh paint throughout, new dishwasher, new washer and dryer. It's in excellent showing condition and produced $32,000 in rental income in 2025 with the existing management program through Best Beach Getaways. Total annual carry: approximately $14,117 (HOA $9,489 · taxes $3,862 · insurance $667 · AC service $99). Everything else is income or enjoyment.

    Zillow last checked:

    Listing updated:

    Listed by:

    Craig Duran 850-290-0417,

    Berkshire Hathaway HomeServices Beach Properties of Florida

    Bought with:

    Mike A Glass, 554784

    LPT Realty LLC

    Source: CPAR,MLS#: 789478MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Primary Bedroom
    Primary bedroom
    • Level: First
    • Dimensions: 12 x 10
    Heating
    • Electric
    Appliances
    • Included: Electric Oven, Electric Range, Electric Water Heater
    Features
    • Main Level Primary
    Interior area
    • Total structure area: 883
    • Total interior livable area: 883 sqft

    Property

    Features
    • Patio & porch: Balcony
    • Pool features: Community
    • On waterfront: Yes
    • Waterfront features: Gulf
    Details
    • Parcel number: 31437400030

    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: 2006

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Cable Connected, Electricity Available

    Community & HOA

    Community
    • Features: Clubhouse, Elevator, Pool, Waterfront, Community Pool, Short Term Rental Allowed
    • Subdivision: Seychelles Resort Condominium
    HOA
    • Has HOA: Yes
    • Amenities included: Other, See Remarks
    • Services included: Association Management, Cable TV, Electricity, Sewer, Trash, Water
    • HOA fee: $2,372 quarterly
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $416/sqft
    • Tax assessed value: $379,100
    • Annual tax amount: $4,023
    • Date on market: 5/6/2026
    • Cumulative days on market: 76 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    8/17/2026Sold$367,500-4.5%$416/sqft
    Source: CPAR #789478 Report a problem
    7/21/2026Pending sale$385,000$436/sqft
    Source: CPAR #789478 Report a problem
    5/6/2026Listed for sale$385,000-8.3%$436/sqft
    Source: CPAR #789478 Report a problem
    4/5/2024Sold$420,000-6.5%$476/sqft
    Source: CPAR #751687 Report a problem
    3/26/2024Pending sale$449,000$508/sqft
    Source: BHHS broker feed #751687 Report a problem
    3/26/2024Contingent$449,000$508/sqft
    Source: CPAR #751687 Report a problem
    1/22/2024Listed for sale$449,000+142.7%$508/sqft
    Source: CPAR #751687 Report a problem
    7/31/2014Sold$185,000-2.6%$210/sqft
    Source: CPAR #615699 Report a problem
    5/1/2014Price change$189,999-4.8%$215/sqft
    Source: Top Producers Real Estate Center #615699 Report a problem
    12/29/2013Price change$199,500-8.3%$226/sqft
    Source: Top Producers Real Estate Center #615699 Report a problem
    3/20/2013Listed for sale$217,500$246/sqft
    Source: ResortQuest Real Estate of Florida LLC #580015 Report a problem
    2/3/2013Listing removed$217,500$246/sqft
    Source: Resortquest Real Estate #600160 Report a problem
    10/5/2012Listed for sale$217,500$246/sqft
    Source: Resortquest Real Estate Of Florida Llc #580015 Report a problem
    10/4/2012Pending sale$217,500$246/sqft
    Source: Resortquest Real Estate Of Florida Llc #580015 Report a problem
    7/20/2012Listed for sale$217,500+27.9%$246/sqft
    Source: Resortquest Real Estate Of Florida Llc #580015 Report a problem
    5/7/2009Sold$170,000-51.4%$193/sqft
    Source: Public Record Report a problem
    5/31/2006Sold$350,000$396/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,726 +2.1%$239,701 +10%
    2023$3,648 +18.1%$217,910 +10%
    2022$3,089 $198,100
    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 +3.3%
    2016$2,182 +2%$164,645 +3.4%
    2015$2,141 $159,163 +17.2%
    2014$2,141 $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 homes

    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.

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