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$223,000

  • Sold
  • Closed
  • Condo
  • 2 Beds
  • 2 Full Baths
See This Home
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CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Charming Turnkey Rental Investment with Boat Slip in Beautiful Panama City, Florida! Welcome to your next investment! This delightful turnkey rental Condo is the perfect opportunity for anyone looking to step into the thriving Panama City rental market without the hassle. What You'll Love About This Property: - Fantastic Location: Situated right on Watson Bayou just a mile away from Downtown Panama City with amazing dining spots, and fun local attractions, this unit is perfectly positioned to attract both vacationers and long-term tenants. Perfect for avid fishermen, keep your boat at the deeded boat slip and just a 10 minute ride to the Saint Andrews Pass! - Move-In Ready: Fully furnished with stylish decor and comfortable furnishings, this charming unit is ready to welcome guests right away. Simply move in or list it for rentals immediately! - Spacious Comfort: With 844 sq ft of inviting living space, this unit features 2 cozy bedrooms and 2 bathrooms, plus an open-concept layout that's perfect for relaxing or entertaining. - Modern Amenities: Enjoy a well-equipped kitchen with sleek stainless steel appliances, generous countertops, and ample storage options. Plus, you'll find convenient in-unit laundry facilities and air conditioning for year-round comfort. HOA covers Internet, boat slip (with Electric & water), trash, & pest control! Only pay your electric! - Bonus Feature - Deeded Boat Slip: This property even includes a deeded boat slip! Perfect for those who love spending time on the water, it offers easy GULF access to boating and fishing right from your doorstep. - Rental History: With AirbNb rental history and a high demand for properties in this area, you can feel confident in your investment's potential for cash flow and appreciation. - Low Maintenance: Well-maintained and managed, this property is not only charming but also easy to care for, making it an ideal rental investment. Don't miss this friendly and fabulous turnkey rental opportunity in lovely Panama City! Contact us today to schedule your showing and start your journey to owning this amazing property! Any Assessment paid in full at closing!

Full Property Details for 1320 E 5th St #103

General

  • Sold For: $223,000
  • Taxes: $3,356 (2024)
  • Status: Closed
  • Type: Condo
  • Source: Bay_County
  • MLS ID: 775714
  • Added to Site: 199 day(s) ago

Interior

  • Number of Rooms: 4
  • Appliances: Washer/Dryer Stacked, Electric Range, Electric Water Heater
  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Stacked

Additional Information

  • Shared Amenities: Dock, Gated, Picnic Area, Boat Slip
  • Security/Safety: Gated Community

Exterior

  • Exterior Features: Boat Slip, Dock
  • Porch/Patio/Deck: Balcony, Covered, Patio

Parking

  • Parking Features: Electric Gate, Paved, Parking Lot

Location

  • County: Bay
  • Subdivision: Bayou Pointe Villas
  • Driving Directions: From MLK boulevard take a left on Business 98 and the condominium is on the right.

School Information

  • Elementary School: Cherry Street
  • Middle School: Jinks
  • High School: Bay

Community

  • Community Name: 02 - Bay County - Central
  • Association: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electricity Available

Structural Information

  • Architectural Style: Low Rise
  • Windows: Double Pane Windows
  • Sq. Ft. Source: Appraiser
  • Year Built: 1985
  • Other Struct. Feat.: Dumpster

Lot Features

  • Property View: Bayou
  • Frontage: City Street
  • Zoning: Resid Multi-Family
  • Fencing (Description): Partial

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Bay Access, Bayou, Seawall
  • Water Front View: Bay Access, Bayou, Seawall
  • Boat Dock Slip: Yes

Financial Considerations

  • Tax Amount: $3,356.01
  • Tax Year: 2024

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: BAYOU POINTE VILLAS CONDO UNIT 103 ORB 1052 P 158 2BR 2 BATH 844 SF ORB 4437 P 1151 BOAT SLIP #28 ORB 4780 P 73
  • Property ID: 22331-954-000

Listed and Sold by Foundation Real Estate Agency LLC

Listing agent

— 1320 E 5th St #103 —

  • Foundation Real Estate Agency LLC

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 1320 E 5th St #103

School District:Bay County School District
NameGradesDistance
Merriam Cherry Street Elementary School
1125 Cherry Street, Panama City, FL 32401
PK-50.7 mi
Jinks Middle School
600 West 11th Street, Panama City, FL 32401
6-81.8 mi
Bay High School
1200 Harrison Avenue, Panama City, FL 32401
9-121.5 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 1320 E 5th St #103

Date
Details
Price
Change
Source
9/15/2025
Sold
$223,000
-10.41%
MLS
7/25/2025
Price Reduced
$248,900
-0.4%
MLS
7/01/2025
Listed
$249,900
—
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 and Sold by Foundation Real Estate Agency LLC

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1320 E 5th Street #103, Panama City, FL 32401 (MLS# 775714) is a Condo property that was sold at $223,000 on September 15, 2025. Want to learn more about 1320 E 5th Street #103? Do you have questions about finding other Condo real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.