Income opportunity-Ground floor Units only come around once in a Blue Moon at Island Reserve. This one not only has the advantage of being on the first floor, this residence has a bonus room that can be used as you like. Often as an additional bedroom or bunk room. This unit is very spacious with high ceilings, and an open floor design, with the bonus of crown molding, wood and tile floors, granite counter tops and an updated kitchen with modern appliances. The master bedroom has a double vanity with a large tub and shower type design. This residence features a laundry area that will accommodate a full size washer and dryer. Island Reserve is not only modern, but also one of the most amenity rich communities in Panama City Beach, featuring an excellent fitness facility, game room, theater room with a huge screen, basketball court and volleyball courts, with a Dream Pool that features a waterfall, all wrapped up in a safe gated community with modern styling that includes covered parking for two cars. Island Reserve also allows owners to have dogs, which is becoming increasingly rare. It is very close to our beautiful sandy beaches, and centrally located to all that is Panama City Beach. Long term rental projection on this unit is approximately $1900.00 per month, with low HOA member dues, making this an attractive investment opportunity.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
Appliances
- ElectricOven
- Refrigerator
- RangeHood
Heating and Cooling
- Cooling Features: CentralAir
- Heating Features: Electric
- Heating: Yes
Other Rooms
- Living Room Dimensions: 13 x 11
- Living Room Level: First
Exterior and Lot Features
- Pool
- Patio And Porch Features: Covered, Patio
- Road Frontage Type: CityStreet
Pool and Spa
- Pool Features: InGround, Community, Pool
Garage and Parking
- Covered Spaces: 2
- Parking Features: Covered, PermitRequired
Land Info
Homeowners Association
- Association: Yes
- Association Amenities: GameRoom, Gated, PicnicArea
- Association Fee: 1232
- Association Fee Frequency: Quarterly
- Association Fee Includes: AssociationManagement, Clubhouse, CableTV, LegalAccounting, Pools
- Calculated Total Monthly Association Fees: 411
- Pets Allowed: OwnerOnly
School Information
- Elementary School: Breakfast Point
- High School: Arnold
- Middle School: Breakfast Point
Amenities and Community Features
- Community Features: BasketballCourt, Pool, Gated
Other Property Info
- Annual Tax Amount: 2450
- Source Listing Status: Active
- County: Bay
- Directions: Directions: Island reserve is on the corner of Front Beach Road, and Laurie ave. It is West of the Hathaway Bridge. It is a gated community, you will need a gate code to enter.
- Tax Year: 2023
- Source Property Type: Residential
- Property Subtype: condo
- MLS Area Minor: 0320 - Beach - Middle Central
- Source Neighborhood: Island Reserve
- Parcel Number: 40001-100-085
- Postal City: Panama City Beach
- Subdivision: Island Reserve
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1071
- Year Built: 2009
- Building Features: Dumpster
- Living Area Source: Appraiser
- Property Age: 15
- House Style: LowRise
- Architectural Style: LowRise
Utilities
- Sewer: PublicSewer
- SewerAvailable
- WaterAvailable
- Water Source: Public
Home Features
- Security Features: SecurityGate, GatedCommunity