5115 Gulf Drive Unit 404, Panama City Beach, FL 32408
- $367,500
- 1
- BD
- 2
- BA
- Sold Price
- $367,500
- List Price
- $385,000
- Closing Date
- Aug 17, 2026
- MLS#
- 789478
- Bedrooms
- 1
- Bathrooms
- 2
- Full-baths
- 2
- Subdivision
- Seychelles Resort Condominium
- Year Built
- 2006
Property Description
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. 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 through Best Beach Getaways. Total annual carry: approximately $14,117 (HOA $9,489 · taxes $3,862 · insurance $667 · AC service $99). Everything else is income or enjoyment.
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Additional Information
- Hoa Fee
- $2,372
- Hoa Fee Freq
- Quarterly
- Waterfront
- Yes
- Interior Features
- Main Level Primary
- Lot Dimensions
- Condo
- Appliances
- Electric Oven, Electric Range, Electric Water Heater
- Elementary School
- Patronis
- Middle School
- Surfside
- High School
- Arnold
Mortgage Calculator
Listing courtesy of Berkshire Hathaway HomeServices Beach Properties of Florida. Selling Office: LPT Realty LLC.