Episode #7 – Dirt Cheap Like New Home

by May 20, 2009 • 0 comments

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Call us at 866-994-1770 to see these properties or for anything else you need regarding real estate in Panama City Beach.

Show Notes

Deal 1 – Splash

  • List Price: $265,000
  • Square Feet: 1,074
  • Price/SqFt: $246.74
  • 2 Bedrooms, 2 Bath
  • Completed in 2006
  • Splash is well known for its stellar occupancy rates. The first summer season it was open to the public (I think 2007) I interviewed the GM of the onsite rental manager and he said they averaged 90% occupancy all summer. This is a foreclosure listing and the cheapest in the building (per sf). The condo is in good shape, although it needs some appliances. You’re paying for the amenities and the best rental capability on Panama City Beach.

Deal 2 – Ocean Ritz

  • List Price: $265,000
  • Square Feet: 1,322
  • Price/SqFt: $200.45
  • 3 Bedrooms, 3 Bath
  • Completed in 2006
  • Ocean Ritz is a quiet condominium tower with just over 60 condos total. All of the condos are either 3 or 4 bedrooms and location is perfect, right in the middle of Panama City Beach. The square foot is nice and the balcony is huge. The price per square foot on this condo makes this a real steal. Features include custom cabinets, granite countertops, 6″ baseboards and only 3 condos per floor.

Deal 3 – Off Thomas Drive

  • List Price: 167,900
  • Square Feet: 1,260
  • Price/SqFt: 133.25
  • 3 Bedrooms, 2 Bath
  • Built in 1995
  • This home is located just off of Thomas Drive on East Panama City Beach. If you are looking for a great starter or rental home, this is the one for you. The current owner has put in new everything down to the kitchen sink; new a/c, fixtures, stainless steel appliances, carpet, and tile. For the price, you just can’t go wrong, especially for something you don’t have to do anything to in order to move in. Of course, the fact that it’s three blocks from the beach and all the surrounding houses look great could help too.

Call us at 866-994-1770 to see these properties or for anything else you need regarding real estate in Panama City Beach.

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