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$400,000
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Property Description
UNDER CONTRACT WITH CONTINGENCIES; SELLER ACCEPTING BACKUP OFFERS. Welcome to Seychelles Beach Resort, one of Panama City Beach's most coveted Gulf-front communities, where luxury, location, and income potential meet. Perched directly on the sugar-white sands, this turnkey-ready 1-bedroom, 2-bathroom condo delivers unbeatable views and an unbeatable investment. Step inside to discover a light-filled, open-concept living and dining space framed by floor-to-ceiling Gulf-facing windows. The private balcony is your front-row seat to breathtaking sunsets and gentle sea breezes perfect for morning coffee or evening cocktails. The spacious master suite features a king-sized bed and private en-suite bathroom, while a second full bath offers added flexibility for guests making this unit ideal as a vacation rental, personal beach retreat, or year-round residence. The modern kitchen boasts granite countertops, stainless steel appliances, and ample cabinetry perfect for whipping up beachside meals after a day in the sun. Seychelles Beach Resort amenities include: Two beachfront pools (one heated seasonally) Hot tub Fitness center Covered parking Direct beach access Electricity INCLUDED in HOA dues a rare bonus! Located on the peaceful east end of Panama City Beach, you're just steps from St. Andrews State Park and walking distance to dining and entertainment with the iconic Schooners beachside restaurant right at your doorstep. Why investors love it: High rental demand, exceptional amenities, and one of the very few buildings with utilities covered in the HOA. Whether you're looking to capitalize on short-term rental income or secure your own slice of paradise, this is a rare Gulf-front opportunity you don't want to miss. Schedule your private tour today and start living (or renting) the beachfront dream.
Full Property Details
Full Property Details for 5115 Gulf Dr #402
General
- Sold For: $400,000
- Status: Closed
- Type: Condo
- Source: Bay_County
- MLS ID: 777331
- Added to Site: 164 day(s) ago
Interior
- Number of Rooms: 6
- Appliances: Washer/Dryer Stacked, Electric Cooktop, Electric Range, 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
- Security/Safety: Fire Sprinkler System, Secured Garage/Parking, Smoke Detector(s)
Exterior
- Porch/Patio/Deck: Balcony
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Bay
- Subdivision: Seychelles Resort Condominium
- Driving Directions: Follow US-98 E/Back Beach Rd/Panama City Beach Pkwy to Front Bch Rd in Upper Grand Lagoon. Take the exit toward Thomas Dr/NSA Main Gate/Bay Point from Front Beach Rd. Follow C R 392/Thomas Dr to Gulf Dr in Lower Grand Lagoon 5115 Gulf Dr UNIT 402.
School Information
- Elementary School: Patronis
- 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, Ceiling Fan(s)
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: High Rise
- Sq. Ft. Source: Appraiser
- Year Built: 2006
Lot Features
- Property View: Gulf
- Lot Dimensions: 0 x 0
- Frontage: City Street
- Lot Features: Paved
- Zoning: Resid Multi-Family, Resort
Water Features
- Water Front: Yes
- Water View: Yes
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: SEYCHELLES RESORT CONDOMINIUM UNIT 402 TYPE B ORB 2753 P 1936 1BR/BUNK/2BA ORB 4673 P 2326 883 SQ.FT
- Property ID: 31437-400-028
Listed by Keller Williams Realty Emerald
Sold by Anchor Realty Florida
Get Pre-Approved Today
Schools
Schools serving 5115 Gulf Dr #402
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 2.1 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 7.5 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 5.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5115 Gulf Dr #402
Date
Details
Price
Change
Source
9/23/2025
Sold
$400,000
-3.61%
MLS
8/08/2025
Listed
$415,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5115 Gulf Drive #402, Panama City Beach, FL 32408 (MLS# 777331) is a Condo property that was sold at $400,000 on September 23, 2025. Want to learn more about 5115 Gulf Drive #402? 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.

