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For sale
  • $388,000

    5115 Gulf Dr Unit 507, Panama City Beach, FL 32408

    1beds
    883sqft
    : 
    $3,309/mo
    Get pre-qualified
    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
    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!
    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#: 785505MLS 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 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

        DateEventPrice
        2/19/2026Listed for sale$388,000-7.4%$439/sqft
        Source: CPAR #785505 Report a problem
        1/17/2026Listing removed$419,000$475/sqft
        Source: BHHS broker feed #764763 Report a problem
        6/23/2025Price change$419,000-2.3%$475/sqft
        Source: CPAR #764763 Report a problem
        3/28/2025Price change$429,000-4.7%$486/sqft
        Source: CPAR #764763 Report a problem
        11/6/2024Listed for sale$450,000+58.1%$510/sqft
        Source: CPAR #764763 Report a problem
        5/8/2006Sold$284,600$322/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

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Lower Grand Lagoon

        Getting around

        48 / 100
        Car-Dependent
        36 / 100
        Somewhat Bikeable

        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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