5115 Gulf DR #404 Panama City Beach, FL 32408
1 Bed
2 Baths
883 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 883 sqft
Price per Sqft $436
Subdivision Seychelles Resort Condominium
MLS Listing ID 789478
Style High Rise
Bedrooms 1
Full Baths 2
HOA Y/N Yes
Year Built 2006
Annual Tax Amount $4,023
Tax Year 2025
Property Sub-Type Condominium
Property Description
Unit 404 sits on the fourth floor with a direct gulf view -- water straight ahead from the living room and the bedroom. 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.
Location
State FL
County Bay
Community Clubhouse, Elevator, Pool, Waterfront, Community Pool, Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Heating Electric
Fireplace No
Appliance Electric Oven, Electric Range, Electric Water Heater
Exterior
Pool Community
Community Features Clubhouse, Elevator, Pool, Waterfront, Community Pool, Short Term Rental Allowed
Utilities Available Cable Connected, Electricity Available
Amenities Available Other, See Remarks
Waterfront Description Gulf
Water Access Desc Gulf
Porch Balcony
Private Pool No
Building
Sewer Public Sewer
Architectural Style High Rise
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Restrictions Short Term Rentals Allowed
Tax ID 31437-400-030