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11483 Front Beach Rd #508-1, Panama City Beach, FL, 32407

2beds
2baths
1,055sqft
$445,000
$422price/sqft
$3,171/moest. monthly cost
$126,840/yrincome needed

About This Home

RIGHT IN THE MIDDLE OF IT ALL | FROM OVERVIEW TO EXPERIENCE | CONSISTENT SHORT-TERM RENTAL DEMAND | Edgewater Beach Resort Tower I Unit 508 is a two-bedroom, two-bathroom residence with a private balcony offering views of the Gulf and one of the resort's most popular pool areas. Positioned within Tower I, the unit benefits from a central orientation within the Edgewater Beach Resort complex, providing a balanced perspective of both the beachfront and interior amenities. | The floor plan accommodates up to seven guests and includes new kitchen appliances along with a recently replaced sliding glass door in the living area. Major mechanical updates include an HVAC system installed in 2021 and a water heater replaced in 2023, supporting long-term ownership and operational reliability. | For investors, the property generated approximately $48,000 in rental income in 2025, reflecting steady demand within one of Panama City Beach's most established resort communities. | Edgewater Beach Resort is centrally located near restaurants, shopping, and expanding local attractions. Recent additions include Dolly Parton's Pirates Voyage Dinner & Show, Topgolf, and McGuire's Irish Pub, with Tootsie's Orchid Lounge scheduled to open in 2026, reinforcing the area's continued growth. | This full-service resort offers 11 pools, six hot tubs, a nine-hole executive golf course, fitness center, tennis courts, pickleball courts, and multiple on-site dining options. HOA dues are $3,981.09 per quarter. | All information is deemed reliable but not guaranteed. Buyers should verify any details important to them.

Getting Around

45
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

7/10
Surfside Middle SchoolGrades 6-82.5 mi
4/10
J.R. Arnold High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1985

Type & Style

  • Home type: Condo
  • Architectural style: High Rise
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Washer/Dryer Stacked,Electric Oven,Electric Range,Electric Water Heater
  • Laundry features: Stacked

Bedroom

  • Level: First
  • Dimensions: 10.7 x 10

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Breakfast Room Nook

  • Level: First
  • Dimensions: 8.3 x 19.2

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,055
  • Total interior livable area: 1,055 sqft

Kitchen

  • Level: First
  • Dimensions: 10.7 x 8.1

Living Room

  • Level: First
  • Dimensions: 14.2 x 14.7

Master Bathroom

  • Level: First
  • Dimensions: 8.2 x 6.9

Master Bathroom

  • Level: First
  • Dimensions: 8.7 x 7.8

Master Bedroom

  • Level: First
  • Dimensions: 16.7 x 19

Other

  • Level: First
  • Dimensions: 10.7 x 7.9

Other

  • Features: Balcony
  • Level: First
  • Dimensions: 13.1 x 4.8

Property

Details

  • Parcel number: 34800056000
  • Attached to another structure: Yes
  • Zoning description: Resid Multi-Family

Features

  • Pool features: In Ground,Community
  • Patio & porch: Balcony
  • Has view: Yes
  • View description: Gulf
  • Has water view: Yes
  • Water view: Gulf
  • On waterfront: Yes
  • Waterfront features: Gulf

Lot

  • Lot size dimensions: CONDO

Parking

  • Parking features: Parking Lot

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningVery High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Tornado
Cold Wave
Heat Wave
Strong Wind
Tsunami

FEMA Declared Disasters in Bay County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,250$27,000
Home Insurance *$160$1,920
Property Taxes $564$6,768
Electricity $197$2,366
Total$3,171$38,052
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$108,720/yr
40% on housing$95,130/yr
45% on housing$84,560/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.0%
6.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$422This listing

vs Other Active Listings

Avg $/sqft

ZIP 32407$273
Bay County$242

vs Homes Sold Last Month

Median $/sqft

ZIP 32407$231
Bay County$205

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-06Price change$445,000
2026-01-31Listed for sale$450,000
2025-08-28Listing removed$480,000
2025-02-25Price change$480,000
2024-11-04Price change$500,000
2024-08-13Price change$525,000
2024-04-29Price change$550,000
2024-02-28Listed for sale$565,000
2019-02-20Sold$310,000
2018-12-17Listed for sale$310,000
2011-01-11Sold$215,000
2008-02-27Listing removed$439,900
2008-02-01Listed for sale$439,900
2004-12-02Sold$479,000

For Sale by Agent

AgentAlice de La Penha, Coldwell Banker Realty
BrokerageColdwell Banker Realty

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