5115 Gulf Drive #404, Panama City Beach, FL 32408

Panama City Beach
Local realty services provided by:Better Homes and Gardens Real Estate Historic
5115 Gulf Drive #404,Panama City Beach, FL 32408
$385,000
  • 1 Beds
  • 2 Baths
  • 883 sq. ft.
  • Condominium
  • Active
Listed by: craig duran
Office: berkshire hathaway homeservices beach properties of florida
MLS#:789478
Source:FL_BCMLS

Price summary

  • Price:$385,000
  • Price per sq. ft.:$436.01

About this home

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 -- 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...

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Home facts

  • Year built:2006
  • Listing ID #:789478
  • Added:1 day(s) ago
  • Updated:May 06, 2026 at 11:39 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:1
  • Kitchen Description:Electric Oven, Electric Range, Electric Water Heater
  • Living area:883 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Year built:2006
  • Building area:883 sq. ft.
  • Architectural Style:High Rise
  • Construction Materials:Concrete
  • Exterior Features:Balcony

Schools

  • High school:Arnold
  • Middle school:Surfside
  • Elementary school:Patronis

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$385,000
  • Price per sq. ft.:$436.01
  • Tax amount:$4,023 (2025)

Features and amenities

  • Amenities:ElectricOven, ElectricRange, ElectricWaterHeater
  • Pool features:Community
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