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5801 Thomas Drive 325, Panama City, FL 32408

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For Sale

$495,000

3 beds • 2 baths • 1,456 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Condominium
    Property type

  • Newly Listed
    Time on Century 21

  • $339.97
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

Discover this exceptional lower level, 3-bedroom, 2-bathroom unit at the highly sought-after Regency Towers, notable for its substantial upgrades and robust rental performance. This unit features sliders to the balcony and windows that were replaced in 2019 with hurricane/impact grade materials for enhanced safety and durability. The interior welcomes you with beadboard and chair rail in the entry hall and is elegantly detailed with crown molding throughout.Significantly, this condo benefits from a dryer vented to the exterior, an upgrade made in 2022 that is uncommon in most Regency units, enhancing both safety and efficiency. The HVAC system is well-maintained, having been in place for 7 years, while the dishwasher and microwave were replaced just 3 years ago.Financially, the unit has demonstrated strong rental income, generating $49,000 in 2022 and $50,000 in 2023 through VRBO bookings. This revenue was achieved despite the owners reserving three weeks each in the spring and fall for personal use, and not actively pursuing additional bookings. The unit maintains a high desirability on VRBO, reflected in its 4.8-star rating.Milestone inspections confirm that the major structural components are in good and serviceable condition. Residents and guests of Regency Towers enjoy access to two large swimming pools, one of which is heated during the winter months, an indoor hot tub, Bikini Bob's Poolside Cafe, game room, exercise room and of course, the World's Most Beautiful Beaches!Regency Towers is strategically located near top-rated restaurants, St. Andrews State Park, and Panama City Beach's newest sports park.Set on Thomas Drive, a convenient four-lane street, this property offers both a premium lifestyle and investment opportunity.All information is believed to be correct but should be verified by the buyer. This unit represents a perfect blend of luxury, comfort, and profitability, making it a must-see on your list.
MLS# 756914

Courtesy Of Counts Real Estate Group Inc

(850) 231-1483

Open Houses

May

29

Wednesday

In Person

Wednesday, May 29, 2024

2:00PM - 4:00PM

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Pool, Water Front
  • Appliances
    Dishwasher, Dryer, Microwave, Refrigerator
  • Architecture Style
    High Rise
  • Cooling System
    Ceiling Fan(s), Central A/C
  • Exterior Type
    Block, Concrete Block, Stucco
  • Heating Fuel
    Electric
  • Heating System
    Central Furnace
  • Roof Type
    Membrane
  • Rooms
    Bedroom, Full Bath, Kitchen, Living Room

Map and Directions

Directions to 5801 Thomas Drive 325, Panama City, FL 32408

Home seller CENTURY 21 AllPoints Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 AllPoints Realty

(850) 230-4514
Learn More About Us

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Copyright © 2024 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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