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10611 Front Beach Rd Unit 2201, Panama City Beach, FL, 32407

4beds
4baths
1,637sqft
$899,000
$549price/sqft
$6,084/moest. monthly cost
$243,360/yrincome needed

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

50
WalkingCar-Dependent
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

7/10
Surfside Middle SchoolGrades 6-83.2 mi
4/10
J.R. Arnold High SchoolGrades 9-122.0 mi

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
    HurricaneVery High
  • Coastal Flooding
    Coastal FloodingModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Coastal Flooding
Lightning
Tornado
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 $4,545$54,540
Home Insurance *$324$3,888
Property Taxes $1,018$12,216
Electricity $197$2,366
Total$6,084$73,008
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$208,594/yr
40% on housing$182,520/yr
45% on housing$162,240/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

$549This listing

vs Other Active Listings

Avg $/sqft

ZIP 32407$269
Bay County$241

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)

Price History

DateEventPrice
2026-04-17Price change$899,000
2026-04-03Price change$909,000
2026-03-16Listed for sale$919,000
2021-01-22Sold$552,000
2021-01-08Contingent$564,900
2020-11-14Listed for sale$564,900
2018-11-07Sold$535,000
2018-05-08Listed for sale$560,000
2012-09-21Listing removed$475,000
2012-01-19Listed for sale$475,000

For Sale by Agent

AgentCindy Shoemaker
BrokerageChristies International Real Estate Emerald Coast

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