$300,000 it’s kind of the median or average price for a condominium or home in Panama City Beach. A little further west along scenic 30 A you can find coastal villages with condominiums and homes that easily stretch over $2 million, but in Panama City Beach most people are looking for either a vacation condominium that they can rent out when they are not using it throughout the year or as a second home. These tend to be a little bit more affordable and although you can find condominiums over a half $1 million, the majority of condos along the beach in Panama City Beach are between $110,000 and $450,000. So here’s a good snapshot of what you could expect to find for around $300,000.
As of the publishing of this blog post, there were 33 homes between $290,000 and $310,000. The range all up and down the beach at places like the Ocean Villa Resort, Edgewater Beach Resort, Tidewater, and the Grand Towers. For around $300,000 you’re likely to find a one or two bedroom condominium between 800 ft.² and 1200 ft.² on the beach side, typically with beautiful views of the ocean. Let’s take a look at one of the condominiums that’s right on the beach located at 9900 South Thomas Dr. This is the Shores of Panama by Emerald View Resorts and is located right on the corner of Front Beach Road and S. Thomas Dr. in the heart of everything. Shops, restaurants, markets and more are all within about a 5 to 10-minute general walking distance. This condo was built in 2007 and features two bedrooms, three bathrooms, and 1150 ft.². It comes with assigned parking on the fifth floor with many amenities such as an outdoor swimming pool, indoor heated pool, Tiki bar, and workout facility. Homeowners fees are about $2500 per quarter. This covers all common area maintenance, landscaping, community sewer, water, pest control and cable TV. Pets are allowed with certain limitations and restrictions.
So, you’re going to get something that looks like this for around $300,000. And, you are not just restricted to certain buildings. There are buildings all up and down both middle, West, and east Panama City Beach so it’s important to know what you’d like to be close to and then find a condo in that building that meets your current price range and search criteria.
Because we specialize just in Panama City Beach condominiums we can help you find the right condo for your needs whether you are looking for a vacation rental property, second home, or even a permanent residents. Call our office today or begin your search on our website for free.