5115 Gulf Drive #2002, Panama City, FL 32408

Panama City
Local realty services provided by:Better Homes and Gardens Real Estate Historic
5115 Gulf Drive #2002,Panama City, FL 32408
$388,000
  • 1 Beds
  • 2 Baths
  • 883 sq. ft.
  • Condominium
  • Active
Listed by: craig duran
Office: berkshire hathaway homeservices beach properties of florida
MLS#:781225
Source:FL_BCMLS

Price summary

  • Price:$388,000
  • Price per sq. ft.:$439.41

About this home

This 1BR + BUNKS/2BA condo at Seychelles in Panama City Beach earned over $41K IN RENTAL INCOME last year, making it a strong short-term rental investment and the perfect vacation getaway. Designed to accommodate up to six guests, it features a king-size master, built-in hallway bunks, and a sofa sleeper in the living area — ideal for families or groups. Step through sliding glass doors onto a spacious private balcony with sweeping east and west coast views. Inside, 9-foot ceilings and hard flooring throughout (luxury vinyl plank in the bedroom, tile elsewhere) create a modern, low-maintenance aesthetic. The kitchen is equipped with stainless appliances, while a stacked washer and dryer add convenience for longer stays. Seychelles offers a rare all-inclusive ownership experience with low HOA fees covering all utilities— electricity, cable, internet, water, and trash — reducing monthly expenses and maximizing rental potential. Resort-style amenities include two pools (one...

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Home facts

  • Year built:2006
  • Listing ID #:781225
  • Added:141 day(s) ago
  • Updated:March 19, 2026 at 02:37 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:1
  • Dining Description:Coffered ceilings
  • Bathrooms Description:CofferedCeilings
  • Kitchen Description:Electric Oven, Electric Range
  • Bedroom Description:CofferedCeilings
  • Living area:883 sq. ft.

Heating and cooling

  • Cooling:CeilingFans, CentralAir
  • Heating:Electric
  • Central air:Yes

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:$388,000
  • Price per sq. ft.:$439.41
  • Tax amount:$3,680 (2024)

Features and amenities

  • Amenities:ElectricOven, ElectricRange
  • Pool features:Community
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