5115 Gulf Drive Unit 404 Panama City Beach, FL 32408
1 bed / 2 bath / 883 Sq. Ft. / Condo
Status: Pending
{{listPriceUS ? listPriceUS : listPriceNoSuffix}}
{{listPriceUS ? listPriceUS : listPriceNoSuffix}}
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. 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.
property details
Type
Condo
Status
Pending
County
Bay
Year Built
2006
Sq. Ft.
883
Listing Id
789478
Courtesy Of
Craig Duran - Berkshire Hathaway HomeServices Beach Properties of Florida +1 (850) 252-4160
List Office Phone
+1 (850) 252-4160
Subdivision
Seychelles Resort Condominium
Interior Features
Beds
1
Full Baths
2
Living Area Units
Sq. Ft.
Appliances
Electric Oven
Electric Range
Electric Range
Bathrooms Total
2
Utility & Building Info
Below Grade Finished Area
0
Price Per Sq Meter
$0
Heating
Electric Heating
Building Area Total
883 Sq. Ft.
Architectural Style
Other
Price History
| date | event | price | source |
|---|---|---|---|
|
07/21/2026
07/21/2026
|
Pending |
$385,000
|
Central Panhandle Assoc of Realtors (Bay County) |
|
05/06/2026
05/06/2026
|
Active |
$385,000
|
Central Panhandle Assoc of Realtors (Bay County) |
View More
Market Trends
Source: Constellation1
Mortgage Calculator
Estimated Mortgage Payment
Your total payment will be
{{ currency_symbol }}{{ parseInt(monthlyMortgage).formatThousands(0) }}
- Principal {{ parseInt(priciplePayment).formatThousands(0) }}
- Interest {{ parseInt(interestPayment).formatThousands(0) }}
({{ downPaymentFormatted }})
(Years)
Estimate does not reflect Property Tax, PMI or Homeowner Insurance. Mortgage Calculator provided by Berkshire Hathaway HomeServices.
