360 Tour Available! Welcome to ISLAND RESERVE #5305, a TOP-FLOOR unit in one of PANAMA CITY BEACH'S MOST DESIRABLE GATED COMMUNITIES. NEW FLOORING has just been installed in the living and dining areas, along with a BRAND-NEW MICROWAVE. This spacious 2-BEDROOM, 2.5-BATH condo offers DUAL MASTER SUITES, each featuring walk-in closets and PRIVATE BALCONY ACCESS, plus a bright, open-concept layout connecting the living and dining areas to the same expansive balcony. Inside, you'll find NEW FLOORING, GRANITE COUNTERTOPS, and STAINLESS STEEL APPLIANCES, with the added convenience of GARAGE PARKING ON THE SAME LEVEL. Island Reserve is packed with RESORT-STYLE AMENITIES including a 1-ACRE LAGOON POOL with waterfalls, a STATE-OF-THE-ART FITNESS CENTER, and a CLIMATE-CONTROLLED INDOOR GYMNASIUM ideal for basketball or pickleball. This LUSHLY LANDSCAPED COMMUNITY is secured with GATED ACCESS and prohibits short-term rentals for PEACEFUL, YEAR-ROUND LIVING. Perfectly located just 1.4 MILES FROM THE BEACH and 1.2 MILES FROM THE HATHAWAY BRIDGE, with EASY GATED ACCESS OFF LAURIE AVENUE OR GATED ENTRANCE ON ALLISON AVENUE, you're minutes from dining, shopping, and both FRONT BEACH AND BACK BEACH ROADS. Association dues include all utilities except electric and cable/internet. ALL OFFERS CONSIDERED, and now OWNER FINANCING IS AVAILABLE with a full-price offer only of $280, 000--featuring a 5% INTEREST RATE, 30-YEAR AMORTIZATION, and 2-YEAR BALLOON PAYMENT, requiring a $50, 000 NON-REFUNDABLE DOWN PAYMENT, with NO PREPAYMENT PENALTY. ESTIMATED MONTHLY PAYMENT is $1, 234.69 (principal and interest only), and buyer is responsible for HOA dues and taxes; CREDITWORTHINESS WILL BE REVIEWED. Don't miss this UNIQUE OPPORTUNITY to live in a luxury condo with flexible terms in a CENTRALLY LOCATED, HIGHLY SOUGHT-AFTER LUXURY COMMUNITY IN PCB, FL - Less than 2 Miles Away from the Beach --SCHEDULE YOUR PRIVATE TOUR TODAY!
Property Features
Appliances
- Dishwasher
- ElectricRange
- ElectricWaterHeater
- Microwave
- Refrigerator
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 13 x 13
- Primary Bedroom Level: First
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- 1/2 Bathrooms: 1
Interior Features
- KitchenIsland
- SplitBedrooms
- TrackLighting
Other Rooms
- Bedroom, LivingRoom, PrimaryBedroom
- Bedroom: 13 x 13
- Bedroom Level: First
- Living Room Dimensions: 18 x 15
- Living Room Level: First
Heating and Cooling
- Cooling Features: CentralAir, CeilingFans
- Heating Features: Central
- Heating: Yes
Exterior and Lot Features
- Balcony
- Other Structures: PoolHouse
- Patio And Porch Features: Balcony
- Road Frontage Type: PrivateRoad
- Road Surface Type: Paved
Pool and Spa
- Pool Features: Fenced, InGround, Community
- Spa Features: Community
Land Info
- Lot Size Dimensions: 0 x 0
Garage and Parking
- Parking Features: Gated, ParkingLot, CommunityStructure
Homeowners Association
- Association: Yes
- Association Amenities: Gated
- Association Fee: 1736
- Association Fee Frequency: Quarterly
- Association Fee Includes: AssociationManagement, Clubhouse, Insurance, LegalAccounting, MaintenanceGrounds, PestControl, Sewer, Security, Trash, Water
- Calculated Total Monthly Association Fees: 579
School Information
- Elementary School: Breakfast Point
- High School: Arnold
- Middle School: Breakfast Point
Amenities and Community Features
- Community Features: Barbecue, BasketballCourt, Clubhouse, Elevator, FitnessCenter, Pool, Sidewalks, Gated
Other Property Info
- Annual Tax Amount: 3134
- Source Listing Status: Pending
- County: Bay
- Directions: Heading West from Hathaway Bridge, turn right at traffic light on Laurie going into Island Reserve front entrance. From the Laurie Ave entrance, enter gate and go to straight ahead to the parking garage 3rd floor, go down the hallway of Building 5, Top Floor & is about halfway down on your left.
- Tax Year: 2024
- Restrictions: NoShortTermRentals
- Source Property Type: Residential
- Area: 03 - Bay County - Beach
- Property Subtype: condo
- MLS Area Minor: 0320 - Beach - Middle Central
- Source Neighborhood: Island Reserve
- Parcel Number: 40001-100-179
- Postal City: Panama City Beach
- Subdivision: Island Reserve
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1325
- Year Built: 2008
- Entry Level: 3
- Living Area Source: Appraiser
- Property Age: 17
- Building Total Stories: 3
- House Style: LowRise
- Architectural Style: LowRise
Utilities
Home Features
- Security Features: FireAlarm, GatedCommunity, SecurityFence, SecurityService