USAFLPanama City BeachSeychelles Resort Condominium404-5115 Gulf Dr
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$385,000

For Sale

A day ago

404 - 5115 Gulf Dr, Panama City Beach, FL

Condo

MLS® 789478

1 Bed

2 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Condominium
Levels Residential
Size -
Garage 
HOA Fees 
Taxes $4,023
Days Active 0
Approx. Age 2006
MLS® Number 789478

Property Address: 404-5115 Gulf Dr, Panama City Beach, FL, 32408-6999

Average square foot calculated using Size range provided by listing agent.

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 -- 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 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.
MLS® Number789478
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age2006
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 6, 2026List Date
$385,000List Price
  • Commute

Commute

Starting Address
Destination Address
5115 Gulf Dr, Panama City Beach, FL

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