




10611 Front Beach Rd Unit 2201, Panama City Beach, FL, 32407
About This Home
Experience the best of Gulf-front living and investment potential with this exceptional 4-bedroom, 4-bath penthouse residence at Ocean Ritz, one of Panama City Beach's most sought-after low-density beachfront properties. With only three residences per floor and just 63 condos in the entire building, this property offers privacy, space, and unobstructed views of the Emerald Coast. Located on the 22nd-floor penthouse level, this beautifully furnished and fully rental-ready condo features 1,637 sq. ft. of living space and soaring 10-foot ceilings, a full foot taller than the other floors, enhancing the open and airy feel throughout. The thoughtfully designed floor plan includes four spacious bedrooms and four full baths, highlighted by two Gulf-front master suites with direct balcony access, allowing you and your guests to wake up to panoramic views of the Gulf. The open living and dining area flows seamlessly into a well-appointed kitchen with beautiful granite countertops. Tile flooring throughout provides a clean coastal aesthetic with easy maintenance. Step outside to the oversized Gulf-front balcony,approximately 493 sq. ft., one of the largest on the beach, offering breathtaking views over the sugar-white sands and emerald waters. Whether enjoying morning coffee, outdoor dining, or evening sunsets, this expansive outdoor living space is truly the highlight of this condo. For investors, this property delivers strong rental performance and it is sold fully furnished with future bookings already in place, making it a turnkey opportunity. An additional standout feature is the premier oversized covered parking space located under the building on the building side, immediately next to the elevators, a rare and highly desirable convenience for owners and guests. Ocean Ritz amenities include: * Gulf-front seasonally heated pool * Hot tub and spa * Fitness center and sauna * Outdoor grilling area * Low-density beachfront living with only 3 units per floor Situated in the heart of Panama City Beach, Ocean Ritz is just minutes from popular restaurants, shopping, and entertainment while offering direct access to the Emerald Coast's world-famous white sand beaches. Whether you're seeking a high-performing vacation rental investment, a luxurious second home, or both, this penthouse residence offers the ideal combination of location, space, rental income potential, and breathtaking Gulf views.
Getting Around
Schools
Construction
Condition
- Year built: 2006
Materials
- Foundation: Pillar/Post/Pier
- Construction materials: Concrete,Stucco
Type & Style
- Home type: Condo
- Architectural style: High Rise
- Property subType: Condominium
Interior
Appliances
- Appliances included: Electric Oven,Electric Water Heater
Bedroom
- Level: First
- Dimensions: 12 x 11
Bedroom
- Level: First
- Dimensions: 12 x 10
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Dining Room
- Level: First
- Dimensions: 33 x 15
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Ceiling Fan(s)
Interior Area
- Total structure area: 1,637
- Total interior livable area: 1,637 sqft
Kitchen
- Level: First
- Dimensions: 10 x 9
Master Bedroom
- Level: First
- Dimensions: 16 x 12
Master Bedroom
- Level: First
- Dimensions: 12 x 12
Property
Details
- Parcel number: 40000250058
- Attached to another structure: Yes
- Zoning description: Resort
- Special condition: Listed As-Is
Features
- Pool features: Electric Heat,In Ground,Community
- Patio & porch: Balcony
- Spa features: Community
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- On waterfront: Yes
- Waterfront features: Gulf
Lot
- Lot size dimensions: 0 x 0
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
- Coastal Flooding
- Lightning
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Bay County and Florida
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,545 | $54,540 |
| Home Insurance * | $324 | $3,888 |
| Property Taxes | $1,018 | $12,216 |
| Electricity | $197 | $2,366 |
| Total | $6,084 | $73,008 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-17 | Price change | $899,000 |
| 2026-04-03 | Price change | $909,000 |
| 2026-03-16 | Listed for sale | $919,000 |
| 2021-01-22 | Sold | $552,000 |
| 2021-01-08 | Contingent | $564,900 |
| 2020-11-14 | Listed for sale | $564,900 |
| 2018-11-07 | Sold | $535,000 |
| 2018-05-08 | Listed for sale | $560,000 |
| 2012-09-21 | Listing removed | $475,000 |
| 2012-01-19 | Listed for sale | $475,000 |
For Sale by Agent
