BEDS1
BATHS2 full
SQUARE FEET883
MLS#789478
STATUSActive
PROPERTY TYPEResidential - Condominium
SUBDIVISIONSeychelles Resort Condominium
Property Description
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 -- water straight ahead from the living room and the bedroom. 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.
Property Features
Property Type: Residential - Condominium
Heating: Electric
Home Style: High Rise
Taxes: $4,023
Year Built: 2006
Feature Descriptions
Appliances: Electric Oven, Electric Range, Electric Water Heater
Association Amenities: Other, See Remarks
Community Features: Clubhouse, Elevator, Pool, Waterfront, Community Pool, Short Term Rental Allowed
Days on Site: 1
Exterior: Concrete
Parcel#: 31437-400-030
Patio/Porch: Balcony
Pool: Community
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Available
Waterfront: Gulf
Room Sizes
Primary Bedroom: 12 X 10 Level - First
Local Schools
High School: Arnold
Middle School: Surfside
Elementary School: Patronis
Listed By / Shown By
Listed By
Agency Name: Berkshire Hathaway HomeServices Beach Properties of Florida
Shown By
Agent Name: The Moats Group
Agent Phone: (601) 270-6435
Agency Title: Premier Property Group
Estimate Your Payment
Estimated Payment
$ 1,304.38 per month $856.84 Principal & Interest $335.25 Property Tax $112.29 Homeowner's InsuranceChange Payment Information
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5115 Gulf Drive , Unit 404 | MLS# 789478
This condo located at 5115 Gulf Drive , Unit 404, Panama City Beach, FL 32408 is currently listed for sale with an asking price of $385,000. This property was built in 2006 and has 1 bedrooms and 2 full baths with 883 sq. ft. Gulf Drive , Unit 404 is located in the Seychelles Resort Condominium subdivision. Search Seychelles Resort Condominium real estate on themoatsgroup.premierfl.com today.