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5115 Gulf Drive #404

Panama City Beach, FL 32408
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Bed 1

Bed

Bath 2

Bath

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.

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Detail Ic Property Details

Property Type : Residential

Price : $385,000

AD Id : 78010288

MLS Id : 789478

Beds : 1

Year Built : 2006

County : Bay

Subdivision: Cresthaven

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Feature Features

  • Bedroom Information

    Total beds: 1

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 1
  • Interior Features

    MainLevelPrimary
    Appliances: ElectricOven, ElectricRange, ElectricWaterHeater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric Water front: 1

  • Building Information

    Year Built: 2006
    Building Area Total: 883
    Construction Materials: Concrete
    Patio And Porch Features: Balcony
    Pool Features: Community
    Private Pool: No
    Water front Features: Gulf

  • Lot Information

    Lot Dimensions: Condo

    Property Information

    Subdivision: Seychelles Resort Condominium Source Property Type: Residential MLS Area Minor: 0323 - Beach - South of Grand Lagoon Property SubType: Condominium Property Age: 20

  • Listing Price Information

    Listing Price: $385000

  • Tax Information

    Parcel Number: 31437-400-030 Tax Year: 2025 Annual Tax: $4023 Tax Legal Desc: SEYCHELLES RESORT CONDOMINIUM UNIT 404 TYPE B ORB 2753 P 1936 1BR/BUNK/2BA ORB 4554 P 324 883 SQ.FT

  • Homeowners Association Information

    Has Association: Yes
    Association Amenities: Other, SeeRemarks
    Community Features: Clubhouse, Elevator, Pool, Waterfront, CommunityPool, ShortTermRentalAllowed

  • School Information

    Elementary School: Patronis Junior High School: Surfside Senior High School: Arnold
  • Utility Information

    CableConnected, ElectricityAvailable
  • Location Information

    Direction: Thomas drive to 5115 Gulf Drive located next to Schooners.
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ByOwner last updated this listing 06/12/2026 @ 21:17

MLS: 789478 LISTED BY: Craig Duran, Berkshire Hathaway HomeServices Beach Properties of Florida 850-252-4160 SOURCE: CPAR

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