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!

 

 

Jan. 13, 2018

Wild Adventure Awaits on Panama City Beach Property

The wildest of dreams come true on Panama City Beach property. At Zoo World visitors not only view exotic animals in state of the art habitats but have the opportunity to get up close and personal with a variety of creatures. One of a kind experiences feature the gentlest of animals and the most fearsome.

Get kisses from a long-necked giraffe, cuddle a sloth, hold an alligator and chirp with budgies. All encounters are priced under $40 making these memories more affordable than comparable programs at larger zoos. Mellow giraffes stick their necks out when they bid hello to those standing on the Giraffe Feeding Tower. Guests offering up a lettuce leaf or two are more often than not rewarded with a kiss of gratitude. Sloths are sleepy and love to be cuddled. Slink in slowly and match them pace for pace. Lemurs big on character adore making new friends. Brave buddies gather round for alligator feedings. When the buckets are emptied into the water a frenzy ensues. Those not intimidated may choose to hold one of these fierce relatives of the dinosaurs. Bird watchers find themselves in their own heavenly realm as they enter the aviary. Feathers fly in a colorful array and shoulders and arms become perches as birds seek out snacks in the form of a budgie stick.

Visit the Exotic Animals Calling Panama City Beach Home

Many other forms of wildlife make this their Panama City Beach home. Favorites to visit are bears, lions and tigers. Monkeys mimic each other causing giggles to break out. Youngsters of all ages engage happily with a variety of domesticated farm animals. Feed is available for those who wish to practice being a farmer. Located at 9008 Front Beach Road on Panama City Beach property, Zoo World is open from 9:30 a.m. to 4 p.m. Annual passes are great ways to stay close to the animals. Packages include limitless admission and discounts.

 

Posted in News
Oct. 26, 2017

Gulf Front Condo at the Sunbird for Sale

This is a Sunbird Condos for Sale Featured Listing

MLS 664387 1BR 1BA offered at $185,000 Now $179,900 

(under contract as of 1/19/2018, projected to close on 2/28/18)

Watch the video above. This can be your view! Imagine sitting on the balcony with a breeze in your face, listening to crashing waves, and seeing sunsets every evening. You can see dolphin, sharks, and groups of stingrays riding the waves. The view is also nearly as good inside as it is on the balcony.

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Posted in Condo for Sale
Oct. 21, 2017

8730 Thomas Drive 114 Panama City Beach FL 32408

MLS 664352

Offered at $185,000

Waterfront on Grand Lagoon with boat dock and Gulf access. Be in the Bay and the Gulf in 20-30 minutes. Owners can have an HOA approved pet. This gated community is only a block from the beach. You will enjoy this beautiful condo immediately because it’s ready to go and needs nothing. Look at the pictures…you won’t be disappointed. This a great place to live full-time or to have as a second home. Either way you will have your own piece of paradise. This condo has way above average storage.

Posted in Featured Listing
Sept. 13, 2017

What The Rich and Famous Look for in a Luxury Home

Across the country, inventories of available homes are suppressed and buyers in most price ranges are meeting stiff competition for homes that are in decent condition and priced right.

As we climb the price range, however, the pace slows down and buyers can be more relaxed and pickier. Ah, what life must be like when money is no object.

What do the rich and famous seek in a new luxury home? Read on to find out.

See Million Dollar Homes for sale in Panama City Beach

Robert Downey, Jr.

For most of us, buying one home is stressful and financially depleting. According to the experts, we won’t do it again for another eight years. Not Robert Downey, Jr., however. He bought not one, but two homes in a single month. Well, he is Iron Man, after all.

Downey, Jr. is now bicoastal, with a luxury home worth $10.5 million in East Hampton and one in Malibu. The former is a “cottage” while the latter is a $3.8 million mansion.

Considering what California real estate is going for nowadays, $3.8 million actually sounds quite reasonable for the 3,384 square-foot home, especially since it sits on a cliff and offers yummy water views.

The views, of course, most likely caught his eye, but the retractable glass walls, to better take in said view, must’ve cinched the deal.

See Million Dollar Homes for sale in Panama City Beach

Natalie Portman

Josh Jensen from Toronto, Ontario, Canada, Natalie Portman 2010, CC BY-SA 2.0

If the outdoor living space at Natalie Portman’s new digs isn’t the reason she bought the home, we can’t figure out what is. The Oscar-winning “Black Swan” actress paid $6.5 million for the home, located in Montecito, California (yup, the same Montecito where Ms. Oprah lives).

She, her husband and two kids will have loads of room to spread out – the home sits on more than 10 acres. The architecture is sleek and modern – almost industrial in design – with lots of steel, concrete and glass.

Like Robert Downey, Jr.’s new digs, Portman’s boasts dramatic glass doors that open to blend the outdoors with the interior.

Watch the video featuring her home.

The patios and other outdoor features would’ve lured me to sign the purchase agreement. But, then again, that library…

See Million Dollar Homes for sale in Panama City Beach

Angelina Jolie

Foreign and Commonwealth Office, Angelina Jolie 2 June 2014 (cropped), CC BY 2.0

Angelina Jolie dropped a cool $24.5 million to snatch up prolific filmmaker Cecil B. DeMille’s estate in Los Feliz, California (a Los Angeles hillside neighborhood). She and former hubby Brad Pitt shared a home in the neighborhood, so it won’t be a long-distance move.

The luxurious11,000-square-foot mansion sits on a smidge more than 2 acres and features six bedrooms and 10 bathrooms (imagine having to clean that many toilets every week!).

Built in 1913, it was designed in the Beaux Arts-style, popular at the time. We can’t begin to guess which of the home’s fabulous features cinched the deal for Ms. Jolie. We rather like the grand foyer, but the multiple gardens on the property may have been a draw.

Come to think of it, ditching the $95,000 she spent in rent every month for a Malibu hideaway may have been all the impetus the former Mrs. Pitt needed.

See Million Dollar Homes for sale in Panama City Beach

Michael Phelps

Agência Brasil Fotografias, Michael Phelps Rio Olympics 2016, CC BY 2.0

What does a former professional swimmer with 23 Olympic gold medals and a net worth of net worth of $55 million do with his money? He buys a pool, of course — with a house wrapped around it. In this case, the buyer is Michael Phelps and the home is in Scottsdale, Arizona. It’s a no brainer to figure out what Phelps was looking for in a new home. Step outside and check out the almost Grecian-like custom pool, complete with fountains at one end.

Phelps purchased the contemporary home for only $2.5 million last summer. We say “only,” because pick up the 6010 square-foot home and set it down in one of the country’s celeb enclaves and it would bring at least twice that much.

We pegged the pool as the draw for Phelps but he actually loves the view of Camelback Mountain from the backyard and the fruit trees on the property. “You go outside in our backyard and we have orange and tangerine and lemon and lime and peach and apple — all these different fruit trees growing in our backyard.”

See Million Dollar Homes for sale in Panama City Beach

David Geffen

Music and the movies – two industries in which many a man and woman have made their fortunes, but not quite as well as David Geffen. With a net worth of $7.5 billion, the college dropout has no shortage of funds to splurge on fabulous homes.

The latest addition to Geffen’s trophy-home collection is a $70-million-dollar East Hampton estate. Sitting on 2.04 acres, it boasts a tennis court, beach-side swimming pool, pond and lots of privacy-inspired landscaping.

Details about the home are sparse but what we do know is that it’s huge and it’s a safe bet it won’t be an Airbnb rental.

What would you want in a luxury home if price didn’t matter?

See Million Dollar Homes for sale in Panama City Beach

Posted in Uncategorized
July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate in Panama City Beach, Florida? So are we! We review trends in our real estate market every month and consider the number of homes on the market, the number of days on the market homes have been listed for sale, specific neighborhood and condo complex trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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Posted in Market Updates
April 23, 2017

Tropical Escape Condo in St. Thomas Square Closed and Sold

Congratulations to the Hensons on the sale of their condo and to the Evers on their purchase!

St. Thomas Square plaza unit number 1305B was sold by Scott Pope with Nautical Properties on 4/20/2017 for $75,000. It was only on the market 47 days, however the seller pulled it off the market for 21 days of that time.

This unit previously sold for $70,000 on 9/7/2016. Last time it was 306 days on the market before selling which means it sold 6.5 faster than last time. It also increased 7% in value in six months or an annualized increase of 14%.

Prices are climbing and inventory is low. Don’t miss your opportunity to buy your dream beach get away.

More St Thomas Square Condos for sale

Posted in Sold
Aug. 16, 2016

Coming Soon in St Thomas Square

Did you miss buying one of the last two 1BR Villas to come on the market in St. Thomas Square? One lasted four days and the other only 70 days.

Get ready! A poolside one bedroom villa on the ground floor is being offered for sale this week. This condo has a rental history demonstrating it generates strong cash flow while giving you many opportunities to come enjoy it yourself.

Buy this condo with confidence that you made the right decision. I am offering my Try it•Like it•Buy it! plan when you have me write up a purchase agreement that closes (not offered to clients already working with an agent).

Don’t hesitate to schedule your opportunity to be the first to see this latest offering by Scott Pope at St. Thomas Square.

July 2, 2016

Sold & Closed in Hurricane Fashion

My neighbors Greg and Debbie Noland were on a mission for their dream home in Panama City Beach, Florida. Together we formulated criteria and started the journey.

Within days they found a home exactly where they always wanted to live — south side of S Lagoon Drive. However, due diligence overcame excitement. A major sewerage problem was found with a hefty repair estimate along with several minor problems. The seller was unwilling to negotiate off a list price that was appropriate for a perfect home. So the Nolands walked.

We looked at all available homes in the desired area. Nothing had the same appeal as that first home. Impatiently, we hoped for something new to come on the market. I looked on the MLS every day hoping for something new.

Then, Debbie called me with a home she wanted to look at. It was not in the “must have” area (the previous evening she had once again stressed the area they wanted). The home was vacant so we went at dusk to see it. I submitted an offer by noon the next day.

It was one of three on the table for the seller. We were not the highest offer, but we were the only cash offer. The sellers had just experienced a contract that fell through because of financing. The pre-approved buyer purchased a new vehicle after he had a contrct on the home. Buyers DO NOT DO THIS! The mortgage company denied the loan immediately.

His loss was the Nolands’ gain. The sellers were not willing to risk another failed contract so they accepted my clients’ offer.

Due diligence time again. Everything was good except some confusion at the title company. When the surveyor contacted them about the property, they were told the deal fell through. This caused a delay. Yet another delay as the surveyor waited for additional information from the title company. Then…it rained, hard. For most of the day it was scheduled for the survey which was the day before closing. But it was done by late afternoon with drawing and elevation certificate in hand by midmorning of closing date.

Whew! It was a hurricane paced race from contract to close in only 16 days on 7/1/16, including stormy weather the day before closing.

Congratulations Greg and Debbie!

Thank you Parkers for selling your home to a great couple who loves the home you sold to them. This deal could not have been successful without the help of Bonnie Milstead (listing agent), Jim Musser (home inspector), Arrow Pest Service (WDO inspection), Roger Anglin (surveyor), Mark Stockdale (Diamond Title Agency).

Posted in Sold
May 9, 2016

Under Contract: St Thomas Square 1301A

Unit 1301A in St. Thomas Square in Panama City Beach, Fl 32408 went under contract on 5/8/16. It was only on the market for 25 days. The projected closing date is 6/21/16.

There is only one studio and one efficiency condo available in the Plaza of St Thomas Square. There is also a 2BR 2BA loft unit available in Villa III.

St Thomas Square is a unique property located on Grand Lagoon and just one block off the beach. You can access the Bay and the Gulf within 15 minutes from the on-site dock. Or you can walk a quarter mile to the public beach access located across the street at Gulf Crest condos. I would say St Thomas Square is the best kept secret in Panama City Beach.

You can find out more and/or make an appointment to see available units by calling Scott at 850-329-5910.

St Thomas Square Condos for Sale

Posted in Market Updates
April 12, 2016

St Thomas Square Condo For Sale 1301A

This unit sold on 6/3/2016

See available St Thomas Square condos for sale

Unique

This 1BR 1BA condo is 693 square feet that has new carpet and fresh paint. It is one of only four found in the Plaza of St. Thomas Square with this floor plan. There are only two on the top floor. 1301A is on the east end of the building. Since it is an end unit, that means you do not have any neighbors above you and you only have one unit directly beside you.

Another advantage of an end unit is windows! There are seven windows, a sliding glass door unit leading to the balcony, and the bedroom door accessing the balcony is mostly glass. You will enjoy the Florida sunshine making this a bright and inviting place for you to stay. In contrast, most units in the Plaza have sliding glass door units for the balcony only.

Windows means views! You can see a small view of the Gulf from the dining area table on a pretty day. The living area overlooks Thomas Drive and all the condos along the coast. From the balcony you see a pond, boats in the parking lot, tennis courts, beautiful landscaping, villas, and the lagoon is spotted between villa buildings.

Location Location Location

If location is important to you, then this is the place to be. First, St.Thomas Square is on the corner of Thomas Drive and Joan Avenue. You can walk to the beach! A public beach access approximately 1,500 feet from your condo is found at the end of Joan Avenue. Enjoy the day at the sugary beach of Panama City Beach on the emerald waters of the Gulf of Mexico. Swim. Play Frisbee. Go parasailing. Or lie in the sun and/or get a great nap. In other words, have fun!

Second, there is a Mexican restaurant, coffee shop, hair salon, nail salon, dentist, and more on the property. An amusement park with go karts, bumper boats, and arcade is adjacent to the complex. Other restaurants within walking distance are Wendy’s, Hammerhead Fred’s, Mellow Mushroom, and Subway. . St. Andrews State Park is five miles away. Pier Park is 7.5 miles west. Signal Hill golf course and Ripley’s Believe it or Not museum is only a mile away. Can’t get enough water at the beach? Three miles and you are at Shipwreck Island Waterpark.

Third, Grand Lagoon runs along the north side of the complex. There is a community boat dock you can tie off your boat or personal watercraft. Grand Lagoon takes you directly to the Bay and the Gulf in less than twenty minutes. You can fish in the lagoon or kayak or paddleboard. You will see many types of birds ranging from Osprey to ducks. Occasionally dolphin are seen in the lagoon.

Price

All this is offered at $89,795! This is your chance to have a great vacation home in Panama City Beach. You can rent this unit when you are not using it and it will practically pay for itself. This condo is ready for vacation by you, your guests, and renters.

Posted in Featured Listing