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Property Description
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. High-Performing Short-Term Rental Grossing over $50K in 2025 | Gulf-Front at Calypso Resort. This is a turnkey Gulf-front 1-bedroom condo with hallway bunk beds and 2 full bathrooms located at Calypso Resort & Towers, one of the top-producing short-term rental resorts in Panama City Beach. This newly renovated unit offers direct Gulf views, a large private balcony, and overlooks Calypso's massive resort-style pool--features that consistently drive strong nightly rates and high occupancy. The floor plan is intentionally designed for short-term rental success. The hallway bunk beds create an additional sleeping area, allowing the condo to accommodate more guests than a standard 1-bedroom and directly increasing rental demand and income potential. With two full bathrooms, the unit functions like a much larger condo in the eyes of vacation renters. New luxury vinyl plank (LVP) flooring was just installed throughout, enhancing durability, aesthetics, and long-term rental performance. The unit is truly turnkey and ready to continue producing income immediately. - Short-Term Rental Investment Highlights: - Just over $50,000 in gross rental income in 2025 - Self-managed on Airbnb and VRBO - Highly desirable bunk-bed floor plan that outperforms typical 1-bedroom units - New luxury plank flooring installed throughout! Location further amplifies rental demand. Calypso is adjacent to the Panama City Beach fishing pier and is the closest Gulf-front resort to Pier Park, putting guests within walking distance of PCB's most visited shopping, dining, and entertainment district one of the strongest booking drivers in the market. Whether you're looking for a cash-flowing Gulf-front short-term rental, a 1031 exchange replacement, or a low-maintenance investment with documented income, this condo checks every box. Rare opportunity to own a proven, high-performing short-term rental at one of PCB's most in-demand resorts. Schedule your private showing today.
Full Property Details
Full Property Details for 15817 Front Beach Rd #1-507
General
- Sold For: $450,000
- Taxes: $5,507 (2025)
- Status: Closed
- Type: Condo
- Source: Bay_County
- MLS ID: 779876
- Added to Site: 184 day(s) ago
Interior
- Number of Rooms: 6
- Interior Features: Handicap Access
- Appliances: Washer/Dryer Stacked, Electric Oven, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 1
Other Rooms
- Laundry: Stacked
Additional Information
- Pool: Yes
- Pool Description: In Ground, Community
Exterior
- Porch/Patio/Deck: Balcony
Parking
- Garage: Yes
- Parking Features: Parking Lot
Location
- County: Bay
- Subdivision: Calypso Towers I
- Driving Directions: GPS directions are accurate. Located on Gulf side of Front Beach Road just west of PCB Russell-Fields Fishing Pier and directly across from Pier Park. Parking on north side next to garage. Enter east building #1 unit is on 5th floor numbered 1-507.
School Information
- Elementary School: Hutchison Beach
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Cable Connected
Structural Information
- Architectural Style: High Rise
- Construction: Concrete, Stucco
- Elevator: Yes
- Sq. Ft. Source: Appraiser
- Year Built: 2006
Lot Features
- Property View: Gulf
- Frontage: City Street
- Zoning: Resort
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Gulf, Shoreline - Sand
- Water Front View: Gulf, Shoreline - Sand
Financial Considerations
- Tax Amount: $5,507
- Tax Year: 2025
Disclosures and Reports
- Legal Description: CALYPSO TOWERS I UNIT 1-507 TYPE D ORB 3154 P 1314 1BR/2BA . 945 SQ.FT. . 841 H&C
- Property ID: 33802-200-043
Listed by Rev Realty Florida, LLC
Sold by Christies International Real Estate Emerald Coast
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Schools
Schools serving 15817 Front Beach Rd #1-507
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Hutchison Beach Elementary School 12900 Middle Beach Rd, Panama City, FL 32407 | K-5 | 2.4 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 1.4 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 3.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 15817 Front Beach Rd #1-507
Date
Details
Price
Change
Source
3/30/2026
Sold
$450,000
-5.26%
MLS
1/30/2026
Price Reduced
$475,000
-1.04%
MLS
1/28/2026
Price Reduced
$480,000
-0.93%
MLS
10/29/2025
Price Reduced
$484,500
-1.02%
MLS
10/14/2025
Price Reduced
$489,500
-1.01%
MLS
10/02/2025
Listed
$494,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
15817 Front Beach Road #1-507, Panama City Beach, FL 32413 (MLS# 779876) is a Condo property that was sold at $450,000 on March 30, 2026. Want to learn more about 15817 Front Beach Road #1-507? Do you have questions about finding other Condo real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

