Panama City Beach Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

 

 

Sept. 14, 2022

Your Next Laketown Wharf One Bedroom Lakeview Condo

Posted in Condo for Sale
Sept. 5, 2022

What's up With Prices at Laketown Wharf?

Hi my name is Scott Pope, your Laketown 

Wharf condo guide. Here to let you know that

 

this past month we've had a 30% increase in 

listings. We're up to 66 listings currently.

 

What's the story behind 66 listings and only 

six sales at Laketown Wharf? First the inventory

 

has went from low to high and prices went 

from high to higher as shown on the screen.

 

Now with rising interest rates and the 

volatile stock market, there aren't enough

 

buyers to sustain the price levels that 

we've seen in Laketown Wharf this year.

 

They are now reverting back to the price 

levels they were in the spring of this year.

 

Mind you those were good prices but they aren't 

going to keep going up five, six, seven percent

 

every month. Competition among similar condos 

is fierce right now. So either your condo must

 

stand out with amazing features or stand out 

by competitive pricing. For the most part right

 

now - price sales. Hey! We need a favor from you. 

If you would please subscribe to our channel and

 

like this video we'd appreciate it. We currently 

have seven pending sales at Laketown Wharf.

 

Five of those are scheduled to close in September. 

If they do and if we have any additional to close

 

in September, that will keep pace with what we've 

been doing since May of this year. There were

 

six sales at Laketown Wharf in July. Three one 

bedroom lake views ranging from $294 to $320,000

 

and three two bedroom Gulf views ranging from $469 

to $475 thousand. One last thing before we go.

 

I just want to let you know on Thursday 

Nautical Properties has a big announcement.

 

We have a third member joining our team! So stay 

tuned to see who that person is. See you then!

 

Posted in Market Updates
Aug. 1, 2022

Laketown Wharf Market Report July 2022

Description

Laketown Wharf Resort market report on sold condo prices and listings for sale in Panama City Beach. You will know how many condos have sold at LTW recently and what the prices are for condos available to buy. Scott Pope with Nautical Properties presents this informative video so you can be informed about condo unit prices at Laketown Wharf. LTW has one bedroom, two bedroom, and three bedroom condos. There are units that have Gulfviews and some that have lake views. Prices range from $312,000 to $580,000. The Laketown Wharf market report is done monthly, posting on the first of every month.

CHAPTERS

00:00 Introduction

00:10 Condos Sold in July

01:05 1 Bedroom Condos for Sale

01:36 2 Bedroom Condos for Sale

01:50 3 Bedroom Condos for Sale

02:16 3 Bedroom Corner Condos for Sale

Get a Laketown Wharf market report emailed to you automatically each month: https://www.nautical.properties/laketown-wharf-resort-market-report/

Subscribe to our YouTube channel "PCB Condo Guide":

https://www.youtube.com/NauticalProperties/?sub_confirmation=1

Scott (Lic Real Estate Broker) has 8 years experience with Panama City Beach condos and real estate. You can contact him: 850-329-5910 scott@nautical.properties

Mark (Lic. Broker Associate) has 17 years real estate experience and earning the Graduate, REALTOR® Institute (GRI) designation in 2007.You can contact him: 334-596-1474 mark@nautical.properties

Transcript

0:02

(waves crashing)

0:05

- Hi, I'm Scott you're condo guide for the day

0:08

for Laketown Wharf.

0:09

In July sales were slow.

0:11

We had a total of eight condos

0:13

that went under contract in July,

0:15

but can you believe that five of those happened

0:17

in the last 10 days of the month?

0:19

The best month we had in sales here at Laketown Wharf

0:22

was April.

0:22

We had 23 sales that month.

0:25

Then in May, it went down to six.

0:27

June, went down to five, and July we only had four.

0:33

Now for the four condo sales in Laketown Wharf in July,

0:37

there were two, one bedroom units that were sold.

0:41

One was a Gulfview at $380,000.

0:45

The Lakeview sold for $320,000.

0:48

A two bedroom Lakeview sold for $387,500.

0:53

And one Gulfview, three bedroom corner unit

0:56

that sold for $550,000.

0:59

Before we move on,

1:00

please like this video and subscribe to our channel.

1:02

So you won't miss the next update.

1:04

In May, there were 18 listings,

1:07

that number went up to 40 in June

1:09

which is slightly more than double from May.

1:11

The July listings increased to 51,

1:14

which is a 30% increase from June.

1:16

Can you believe since May,

1:18

the listings have tripled here at Laketown Wharf?

1:21

Okay, in July we have 22, 1 bedroom units for sale.

1:25

There's 10 Gulfview's at 380,000 to 420,000.

1:30

And then there's 12 Lakeview's

1:32

ranging from 312,000 to 425,000.

1:36

That's three more available in June than in June.

1:40

And then there's 17 two bedrooms,

1:42

as you can see over here on the side,

1:45

nine of which are Gulfview

1:47

and the eight other ones are Lakeview.

1:50

Now looking at the three bedrooms,

1:52

these are the 1,681 square foot condos.

1:56

There's seven of those, five of which are Gulfview,

1:58

ranging from 549,000 to 580,000.

2:02

There's two Lakeview's there from 495,000 to 540,000.

2:09

We have almost doubled how many we had from last month.

2:12

We went from three last month to seven this month.

2:15

On the five corner units we have available now,

2:19

there's one Gulfview at 600,000 and four Lakeview's.

2:23

So that's what we've got here

2:25

at Laketown Wharf this month in July.

2:27

Well, that concludes our market report for Laketown Wharf.

2:29

Thanks for watching, please like, and subscribe

2:32

to our channel, and also look in the links below

2:35

or the comments section rather,

2:37

and there'll be some links there

2:38

for you to follow and get additional information.

2:40

This was Scott Pope, your guide for Laketown Wharf Condos.

2:44

Thank you very much.

Posted in Market Updates
July 8, 2022

Laketown Wharf Resort Market Report 6/30/22

Posted in Market Updates
Aug. 8, 2019

PCB Gulf Front Condos Market Report

 

Posted in Market Updates
March 4, 2019

See Palace Sands Palatial Vision for Pools and Grounds

Click Pictures for Larger Size

 

Many Gulf front complexes have little to no landscaping. Nor did they plan the use of their space very well. They either skimped to pocket more profits, or they just had no vision. But that's not the way Palace Sands' developer operates. His goal is for you to own a crown jewel you'll be proud to display to all your family and friends.

At Palace Sands, they even planned for the owner who arrives in their motorcoach by providing a parking area for them.

The tropical landscaping makes the "Palace" an oasis among the desert compared to other condos.

Palace Sands is going to be palatial. And these renderings of the pool area and the grounds prove it! They were done by EDSA Landscape Architects Fort Lauderdale, Florida. They have four US offices and one in Shanghai, China.

To see more information about Palace Sands condominiums, including floor plans ... click the logo below.

 

Feb. 11, 2019

STS 1210C Has a Pending Contract

St Thomas Square UPDATE!

STS 1210C has a pending contract. It was only on the market for 13 days. The projected closing Date is 3/8/19

This condo was listed and sold by Scott Pope with Nautical Properties. Since 2014, Scott has sold more units in STS than anyone.

Nautical Properties' office is Suite 1110C at STS. 

If you want to buy or sell a STS condo–go with the onsite expert!

Scott Pope and Nautical Properties.

Interested in buying or selling at STS then call me NOW at 850-329-5910.

 

 

 

 

 

 

 

 

 

 

This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions:

 

https://app.contentsamurai.com/cc/252884

 

Posted in under contract
Jan. 30, 2019

Affordable PCB Efficiency Unit in Great Location

The Best kept SECRET in Panama City Beach...St. Thomas Square (STS)! STS is a Grand Lagoon waterfront property with a boat dock and Gulf access–about 20 minutes to the pass. And it's only a block to the BEACH!

This efficiency makes a great beach retreat that can pay for itself when you're not using it. HOA ($410 est.), property taxes ($550 est.), and insurance ($600 est.) is reasonable. It had a $10K renovation a year ago. A new, bright and roomy shower, new vanity with storage, new flooring, painted, keyless entry handset, and kitchenette. It has a sitting area with new loveseat that you won't find in any other efficiency. It's fully furnished and ready for both personal enjoyment and profit.

This unit grossed $8050 in 2018! It rented for $75 a night during high season.

The last efficiency sold was not furnished, not updated, and the kitchenette was a wreck (see MLS 678142).

You can see all St Thomas Square condos for sale HERE!

See more pictures of STS 1210C

 

 

Posted in Condo for Sale
Jan. 21, 2019

Panama City Beach's First NEW Condo Development in 10 Years

Palace Sands in Panama City Beach, FL

FINALLY… construction of a new Gulf-front condo complex is beginning soon on Thomas Drive in Panama City Beach, Florida.

The Man Behind The Project

I recently had a transaction with Michael Jones who was the developer of the PRINCESS (nearly 20 years ago) located on Thomas Drive. He is now bringing Panama City Beach its first new Gulf front complex since 2008—called PALACE SANDS. I have already pre-sold one PALACE SANDS unit and Michael gave me permission to tell my clients and subscribers about the opportunity be a charter owner in this magnificent place.

Like the PRINCESS, PALACE SANDS is Michael’s passion. He loves coordinating all the pieces required to birth a new project. He is most proud of his reputation for quality. That means more to him than monetary reward. He says that he is still thrilled when he sees the PRINCESS’ crown as he crosses the Hathaway Bridge. This won’t be a nondescript building among the other clones. NO…this condo will rise out of the sand as an “inspirational architectural beauty,” according to Michael.

PALACE SANDS

PALACE SANDS will have twenty floors and 158 condos. The finest condos you can find. For example, all units will have superlative details such as quartz countertops in the kitchen and bathrooms. It will be topped off by this city’s absolute finest penthouses on Floor 20…REAL PENTHOUSES — not just a top floor unit just like all the rest except by name. The magnificent Cobalt Blue standing seam roof with a nearly 30 foot peak, allows a cathedral ceiling for that floor’s discriminating owners — the likes of which have never before seen here.

The amenity package includes a pair of half Olympic style pools raised a bit over the frontal dune area, allowing for maximum enjoyment of BOTH fresh water swimming and the Gulf of Mexico — which is only the width of beach away. Pools will be surrounded by cabanas and lush tropical plantings.

The rear “manatee deck” {4th. floor} will have a fun oriented “bar and grill” serving hot and cold sandwiches and beverages. Of course, our “signature” indoor pool, vis-à-vis Princess once again, will be a sure hit especially for our Snowbird guests. Included will be a SPA and a Gazebo with gas grilling available for the do-it-yourselfers. Oh yes, and a pair of “LOW Penthouses” featuring 14 foot ceilings anchoring the East and West ends of said floor.

Future Plans

The developer has designated the westernmost 310 feet of their 855 lineal feet on the Gulf for Phase I.  Future developments may include up to another pair of similar projects [PALACE SURF and PALACE SUN perhaps?] or considerations are underway for the possibility of one larger - say 250 units - but regardless, they are committed to using less than half of the allowed density permitted, an unheard-of concession by ANY Developer…anywhere.  These folks are not all about the MONEY…never have been and never will be…To wit:  FOUR OTIS ELEVATORS opening into air-conditioned lobbies… A study of their three successful condo projects exudes and exemplifies  the character of the folks with whom we are dealing…just read what the Realtors have to say who are fortunate to enjoy a rare listing in one of their legacy projects: ULTIMATE on Holiday Isle [Destin – East Pass setting] or HARBOR LIGHTS  [Destin harbor setting] or PRINCESS [Thomas Drive PCB setting]…we rest our case. 

People come here for three primary reasons, goals, needs whatever you wish to call them – always amount to same things:  Sands, Surf and Sun…Look no further!

Be a Charter Owner

For the very BEST this town has to offer in new condominium construction – expected to open in 2021 -- call NOW: Scott Pope 850-329-5910.

Prices range from $570,000-$770,000. Two Penthouses available at $2.6 million and two at $2.75 million.

See Palace Sands Condos for Sale, floor plans, and elevations!

Posted in Condo for Sale, News
Aug. 31, 2018

How to Save Money and Make Money With an Easy Project

Condo sales and rentals all start online and pictures will either attract or turn away prospective buyers or guests.

Want an easy way to make your condo more photogenic? Paint. Whether it's walls or furniture, fresh paint brightens up space and makes it look cleaner. And that will make it sell or rent faster!

For example, the black cabinet cost $400 new and it fits into the hallway perfectly because it's narrow. It looked alright as it was, but it's color wasn't ideal.

So we had three choices: 1. Get a new one which means spending more money...and having to dispose of a great piece of furniture. 2. Leave it as is. 3. Or refinish it.We decided to spend $100 and a couple hours refinishing the old cabinet with paint. Chalk paint is ideal for refinishing furniture. No priming or sanding required but it is recommended to wipe it down with glass cleaner and a cloth. Lastly, and it dries fast.

Six Easy Steps:

1) Pick out chalk paint color(s)

2) Pick out new hardware

3) Remove drawers

4) Paint

5) Install new hardware

6) Put drawers back into place

As you can see, the cabinet coordinates with the color scheme now and looks more attractive. It brightens the picture and is more appealingThis is an easy, inexpensive project that doesn't take much time to do. And the payoff is huge. It eliminates furniture hunting. We didn't have to spend another $300-400 for a replacement. Lastly, it's photogenic and makes the hallway pop both online and in person.

That means more money for us! Give it a try and get these benefits too–especially the money part.

 

Posted in condo improvements