- Price$495,000
- Beds3
- Baths2
- SQ. Feet1,456
- Built1975
5801 Thomas Drive # 325, Panama City
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. PLUS, both the washer and dryer are brand new as of the third week of June, 2024!! 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.
Essential Information
- MLS® #756914
- Price$495,000
- Bedrooms3
- Bathrooms2.00
- Full Baths2
- Square Footage1,456
- Acres0.00
- Year Built1975
- TypeResidential
- Sub-TypeCondominium
- StyleHigh Rise
- StatusActive
Amenities
- AmenitiesBeach Rights, Game Room, Gated
- UtilitiesOther, Sewer Connected, Water Connected
- ParkingOpen, Paved, Parking Lot
- GaragesOpen, Paved, Parking Lot
- ViewGulf
- Is WaterfrontYes
- WaterfrontGulf
- Has PoolYes
- PoolCommunity, Pool
Exterior
- ExteriorBlock, Concrete, Stucco
- Exterior FeaturesBalcony, Outdoor Shower, Pool
- RoofFlat, Membrane
- ConstructionBlock, Concrete, Stucco
- FoundationPillar/Post/Pier
Additional Information
- Date ListedMay 10th, 2024
- HOA Fees2997.58
- HOA Fees Freq.Quarterly
Community Information
- Address5801 Thomas Drive # 325
- Area03 - Bay County - Beach
- SubdivisionRegency Towers
- CityPanama City
- CountyBay
- StateFL
- Zip Code32408
Interior
- Interior FeaturesBreakfast Bar
- AppliancesDryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator
- HeatingCentral, Electric
- CoolingCentral Air, Ceiling Fan(s), Electric
School Information
- ElementaryPatronis
- MiddleSurfside
- HighArnold
Listing Details
- Listing OfficeCounts Real Estate Group Inc
DISCLAIMER: IDX information is provided exclusively 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 Source: Bay County Association Of REALTORS® Multiple Listing Service