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$367,500

  • Sold
  • Closed
  • Condo
  • 1 Bed
  • 2 Full Baths
  • Updated 6 days ago
See This Home
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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.

Full Property Details for 5115 Gulf Dr #404

General

  • Sold For: $367,500
  • HOA FEE: $791/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $4,023 (2025)
  • Status: Closed
  • Type: Condo
  • Source: Bay_County
  • MLS ID: 789478
  • Added to Site: 111 day(s) ago

Interior

  • Number of Rooms: 1
  • Interior Features: Main Level Primary
  • Appliances: Electric Oven, Electric Range, Electric Water Heater

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 1

Additional Information

  • Shared Amenities: Other, See Remarks
  • Pool: Yes
  • Pool Description: Community

Exterior

  • Porch/Patio/Deck: Balcony

Location

  • County: Bay
  • Subdivision: Seychelles Resort Condominium
  • Driving Directions: Thomas drive to 5115 Gulf Drive located next to Schooners.

School Information

  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold

Community

  • Community Name: 03 - Bay County - Beach
  • Association: Yes
  • Assoc. Fees Include: Association Management, Cable TV, Electricity, Sewer, Trash, Water

Heating & Cooling

  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Utility Description: Cable Connected, Electricity Available

Structural Information

  • Architectural Style: High Rise
  • Construction: Concrete
  • Elevator: Yes
  • Sq. Ft. Source: Appraiser
  • Year Built: 2006

Lot Features

  • Lot Dimensions: Condo

Water Features

  • Water Front: Yes
  • Water Front Desc.: Gulf
  • Water Front View: Gulf

Financial Considerations

  • Association Fee: $2,372
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $4,023
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: SEYCHELLES RESORT CONDOMINIUM UNIT 404 TYPE B ORB 2753 P 1936 1BR/BUNK/2BA ORB 4554 P 324 883 SQ.FT
  • Property ID: 31437-400-030

Listed by Berkshire Hathaway HomeServices Beach Properties of Florida
Sold by LPT Realty LLC

Listing agent

— 5115 Gulf Dr #404 —

  • Berkshire Hathaway HomeServices Beach Properties of Florida

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5115 Gulf Dr #404

School District:Bay County School District
NameGradesDistance
Patronis Elementary School
7400 Patronis Dr, Panama City Beach, FL 32408
K-52.1 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-87.5 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-125.8 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 5115 Gulf Dr #404

Date
Details
Price
Change
Source
8/17/2026
Sold
$367,500
-4.55%
MLS
5/06/2026
Listed
$385,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Berkshire Hathaway HomeServices Beach Properties of Florida
Sold by LPT Realty LLC

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5115 Gulf Drive #404, Panama City Beach, FL 32408 (MLS# 789478) is a Condo property that was sold at $367,500 on August 17, 2026. Want to learn more about 5115 Gulf Drive #404? 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.