Discover this exceptional lower level, 3-bedroom, 2-bathroom unit at the highly sought-after Regency Towers, notable for its substantial upgrades and robust rental performance. This unit features sliders to the balcony and windows that were replaced in 2019 with hurricane/impact grade materials for enhanced safety and durability. The interior welcomes you with beadboard and chair rail in the entry hall and is elegantly detailed with crown molding throughout.Significantly, this condo benefits from a dryer vented to the exterior, an upgrade made in 2022 that is uncommon in most Regency units, enhancing both safety and efficiency. The HVAC system is well-maintained, having been in place for 7 years, while the dishwasher and microwave were replaced just 3 years ago.Financially, the unit has demonstrated strong rental income, generating $49, 000 in 2022 and $50, 000 in 2023 through VRBO bookings. This revenue was achieved despite the owners reserving three weeks each in the spring and fall for personal use, and not actively pursuing additional bookings. The unit maintains a high desirability on VRBO, reflected in its 4.8-star rating.Milestone inspections confirm that the major structural components are in good and serviceable condition. Residents and guests of Regency Towers enjoy access to two large swimming pools, one of which is heated during the winter months, an indoor hot tub, Bikini Bob's Poolside Cafe, game room, exercise room and of course, the World's Most Beautiful Beaches!Regency Towers is strategically located near top-rated restaurants, St. Andrews State Park, and Panama City Beach's newest sports park.Set on Thomas Drive, a convenient four-lane street, this property offers both a premium lifestyle and investment opportunity.All information is believed to be correct but should be verified by the buyer. This unit represents a perfect blend of luxury, comfort, and profitability, making it a must-see on your list.
Property Features
Bedrooms
- Bedrooms: 3
- Primary Bedroom Dimensions: 15 x 12
- Primary Bedroom Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- BreakfastBar
- WindowTreatments
- Flooring: Tile
Appliances
- Dryer
- Dishwasher
- ElectricWaterHeater
- Microwave
- Refrigerator
Other Rooms
- Bedroom: 12 x 8
- Bedroom Level: First
- Bedroom: 13 x 12
- Bedroom Level: First
- Living Room Dimensions: 23 x 12
- Living Room Level: First
Heating and Cooling
- Cooling Features: CentralAir, CeilingFans, Electric
- Heating Features: Central, Electric
- Heating: Yes
Kitchen and Dining
- Kitchen Dimensions: 14 x 8
- Kitchen Level: First
Exterior and Lot Features
- Balcony
- HotTubSpa
- OutdoorGrill
- OutdoorShower
- Pool
- Patio And Porch Features: Balcony
- Road Frontage Type: CountyRoad
- Road Surface Type: Paved
Pool and Spa
- Pool Features: Community, Pool
- Spa Features: Community
- Spa: Yes
Waterfront and Water Access
Land Info
Garage and Parking
- Open Parking: Yes
- Parking Features: Open, Paved, ParkingLot
Home Features
- View: Gulf
- Security Features: SecurityGate, GatedwithGuard, SecurityFence, SecurityGuard, GatedCommunity, Item24HourSecurity
Homeowners Association
- Association: Yes
- Association Amenities: BeachRights, GameRoom, Gated
- Association Fee: 2997
- Association Fee Frequency: Quarterly
- Association Fee Includes: AssociationManagement, Clubhouse, FitnessFacility, Internet, LegalAccounting, MaintenanceGrounds, PestControl, Pools, Sewer, Security, Trash, Water
- Calculated Total Monthly Association Fees: 999
School Information
- Elementary School: Patronis
- High School: Arnold
- Middle School: Surfside
Amenities and Community Features
- Community Features: Barbecue, Beach, Clubhouse, CableTV, Elevator, Fitness, GameRoom, Pool, ShortTermRentalAllowed, TennisCourts, Waterfront, Gated
Other Property Info
- Annual Tax Amount: 4087
- Source Listing Status: Active
- County: Bay
- Directions: Coming from Hathaway bridge turn left onto Thomas Dr continuing around the curve. Regency will be on the left - gulf front. After going thru the gate, go left into the parking lot.
- Tax Year: 2023
- Source Property Type: Residential
- Property Subtype: condo
- MLS Area Minor: 0323 - Beach - South of Grand Lagoon
- Source Neighborhood: Regency Towers
- Parcel Number: 32382-034-000
- Postal City: Panama City
- Subdivision: Regency Towers
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1456
- Year Built: 1975
- Construction Materials: Block, Concrete, Stucco
- Foundation Details: PillarPostPier
- Living Area Source: Appraiser
- Property Age: 49
- Roof: Flat, Membrane
- House Style: HighRise
- Architectural Style: HighRise
Utilities
- Sewer: PublicSewer
- SewerAvailable
- WaterAvailable
- Water Source: Public