Here's your front-row seat to 200 feet of pristine white sand and the Gulf of Mexico at Seychelles, tucked away on Panama City Beach's quieter east end. The desirable 5th-floor location is favored by vacationers for its perfect balance--low enough for quick access to the beach and amenities without waiting for the elevator, yet high enough to offer privacy and stunning views. This 1BR/2BA condo with a master suite and bunks comfortably sleeps six. The space is bright and airy, featuring 9' ceilings, 8' glass doors leading to the balcony, and tile flooring throughout for effortless maintenance. Enjoy sweeping views of Panama City Beach's iconic sugar-white sands and emerald waters from the spacious balcony or living area. The kitchen boasts stainless steel appliances, solid surface counters, and solid wood cabinets, while both bathrooms showcase elegant marble vanities. Seychelles' resort amenities are exceptional: two Gulf-front pools (one heated seasonally), a hot tub, dune walkover, fully-equipped fitness center, community room, high-speed elevators, and secure, gated parking in a covered garage--all surrounded by lush tropical landscaping. Located just steps from Schooners and minutes from St. Andrews State Park, golf, marinas, shopping, dining, and entertainment, this condo is perfectly positioned for both relaxation and adventure. The inclusive HOA covers utilities - electricity, WiFi, cable, water, and sewage - making ownership worry-free. Whether as a vacation home or a short-term rental, this condo is the perfect gateway to the best of Panama City Beach. Don't miss your chance to own this beachfront paradise!
For sale
$388,000
5115 Gulf Dr Unit 507, Panama City Beach, FL 32408
1beds
883sqft
Condominium
Built in 2006
-- sqft lot
$368,200 Zestimate®
$439/sqft
$791/mo HOA
What's special
Hot tubSolid surface countersDune walkoverLush tropical landscapingSolid wood cabinets
- 194 days
- 162
- 10
Zillow last checked:
Listing updated:
Listed by:
Craig Duran 850-290-0417,
Berkshire Hathaway HomeServices Beach Properties of Florida
Source: CPAR,MLS#: 785505
Originating 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 11
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Oven, Electric Range
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: 31437400042
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: Electricity Available
Community & HOA
Community
- Features: Barbecue, Beach, Clubhouse, Fitness Center, Pool, Waterfront, Community Pool, Short Term Rental Allowed
- Subdivision: Seychelles Resort Condominium
HOA
- Has HOA: Yes
- Services included: Association Management, Electricity, Sewer, Trash, Water
- HOA fee: $2,372 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $439/sqft
- Tax assessed value: $379,100
- Annual tax amount: $3,553
- Date on market: 2/19/2026
- Cumulative days on market: 195 days
- Electric utility on property: Yes
Estimated market value
$368,200
$350,000 - $387,000
$1,755/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/19/2026 | Listed for sale | $388,000-7.4%$439/sqft |
Source: | ||
| 1/17/2026 | Listing removed | $419,000$475/sqft |
Source: BHHS broker feed #764763 Report a problem | ||
| 6/23/2025 | Price change | $419,000-2.3%$475/sqft |
Source: | ||
| 3/28/2025 | Price change | $429,000-4.7%$486/sqft |
Source: | ||
| 11/6/2024 | Listed for sale | $450,000+58.1%$510/sqft |
Source: | ||
| 5/8/2006 | Sold | $284,600$322/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Lower Grand Lagoon
Nearby schools
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.








