Elite Realty
    964 Main St, Chipley FL 32428

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    5801 Thomas #325 Panama City, FL 32408

    Main photo of property

    Regency Towers
    MLS Number: 756914

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    • How Many Views 26 Views
    • Property Type Condominium
    • Square Foot of House 1,456 Sq Ft
    • Number of Beds 3 Beds
    • Number of Baths 2 / Baths
    • Share
    • $495,000

    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. 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.

    Listing provided courtesy of Counts Real Estate Group Inc

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    • Architecture

      • Year Built: 1975
      • Stories: 0
      • Project Facilities:
      • Construction:
    • Interior Features

      • Square Footage: 1456
      • Appliances: Dishwasher, Dryer, Microwave, Refrigerator
      • Interior Features: Breakfast Bar, Floor Tile, Window Treatment All
    • Property Features

      • Lot Access: ,
      • Waterfront: Gulf
      • Waterview:
      • Parking: Open, Parking Lot, Paved
      • Utilities: Electric, Lift Station, Public Sewer, Public Water, Other
      • Zoning:
    • Community

      • HOA Includes:Accounting, BBQ Pit/Grill, Beach, Community Room, Dumpster, Exercise Room, Game Room, Gated Community, Ground Keeping, Internet-WiFi, Management, Pest Control, Pool, Security, Sewer, Trash Disposal, Water
      • HOA FEE:N/A
      • HOA Payable:Quarterly
      • Elementary: Patronis
      • Middle: Surfside
      • High: Arnold

Current Data as of Wed Jun 19 10:31:30 CDT 2024
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