The Panama City Real Estate Blog

Marina Bay Condominium

Located just over the Bailey Bridge in beautiful Lynn Haven, Marina Bay is a permanent residence complex that overlooks the serene waters of North Bay.  With views both East and West, this exquisite, very quiet eight story condominium development is everything you are looking for in an upscale bay front gated community.  Built in 2001, and nestled on 7.5 acres, Marina Bay boasts its own 1300’ private beach, its own private marina that houses boat’s up to 34’, and its own private 350’ fishing pier.  Secure gated parking, both covered an uncovered, are available for the residents as well as a covered drop off area.  With a large heated pool and spa, and a community room/club house, residents can enjoy coastal living at its finest. 

Offering elegance and privacy, these contemporary, upscale 2 bedroom/ 2 bath and 3 bedroom/ 3 bath unit’s feature floor to ceiling full length windows for natural lighting and for panoramic views of the water.  As you enter each luxurious condo through a rotunda foyer, you will immediately notice the 9’ raised trey ceilings, the open floor plans, and the split bedroom designs.  Each unit features large laundry rooms, extra storage space, jacuzzi tubs, and large walk-in closets along with an expansive full length balcony.  Private storage areas are available at an additional price. 

If low maintenance is what you desire with no short-term rental tenants, and with a low monthly HOA fee which currently is $372, then Marina Bay is a great option for you.  Zoned for excellent schools, and located within minutes to world class golf courses, restaurants, and boutiques life at Marina Bay is the perfect place to live.  Come see for yourself everything that it has to offer!

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Seychelles Beach Resort

Seychelles is a premier condominium complex located on the East end of Panama City Beach.  Conveniently located just a short walk to St. Andrews State Park, and in a quiet location outside the hub of traffic, this 22 Story, 197 Unit resort destination offers everything you are looking for in either a primary residence, 2nd home, or vacation investment.  Overlooking the Gulf of Mexico on 200 feet of gulf front terrain, Seychelles offers one bedroom, two bedrooms, and two bedrooms with extra bunk room floor plans each with two adjoining bathrooms.  Each condo features 9’ ceilings, washers and dryers, and with exquisite flooring, cultured marble vanities, counter tops, and appliances varying by unit.  Additionally, to enjoy the grand Florida sunsets, interior condo units include an 8’ deep spacious balcony and end condo units offer gorgeous, much larger wrap around balconies. 

Built in 2006, and one of the newest complexes on the beach, Seychelles is perfectly manicured with a lush, tropical landscape and an exquisite porte cochere entrance.  With three high speed elevators in the tower and two additional elevators located in the covered parking garage, entrance to the facility is easy.  Amenities on property include two outdoor pools and two spas; one of which is heated seasonally.  Additionally, there is a fully- equipped fitness center, meeting facilities, and a game room.  Beach service is offered March -October and for vacation rental guests, there is on-site management with an on-site check in office.  For dining and entertainment, located just next door is the famous Schooners beachside restaurant; and just down the street is the Treasure Island Marina.

With all that Seychelles encompasses, the greatest feature not yet mentioned is that the low HOA fees include all utilities.  Currently at $1523 quarterly, this is quite the incentive to consider purchasing in this development.  If you are looking for an atmosphere of luxury beachfront living that is all inclusive in a quarterly payment, then owning at Seychelles Beach Resort is the right choice for you.  Accordingly, if you are considering an investment such as a vacation rental property choosing this complex is a very wise decision.  Contact one of our agents for current listings and to discuss rental income histories of individual units.  

http://www.seychelles-beach-resort.com/

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Market Trend and Investments

If you are contemplating purchasing a home, condo, or even a business venture and would like to finance your investment then now may be the time to go ahead and consider making this decision.  Last week, Freddie Mac announced that the average rate on a 30- year fixed home loan increased from 3.97% to 4.03%.  As of Thursday, the rate decreased slightly to 4.02% which has since remained the same.  On a 15- year mortgage home loan the rate rose from 3.23% to 3.27%.  The good news is, though, that according to the National Association of Realtors existing home sales jumped 4.4% in March “to their highest pace in over 10 years.”  This sales increase is 5.9% higher than a year ago and the strongest since 2007.  In Bay County, home sales rose 13.1% in April alone, compared to this time last year.  With an average sale price this past month of $211,971, up 4.54% since April 2016, planning on investing in the real estate market is a wise choice.  Since Panama City Beach is known for the ‘World’s Most Beautiful Beaches’, and since new home and luxury condominium construction is fairly recent and continues to grow, this area is the perfect destination to acquire real estate as either your primary residence or your vacation home.  With an upper momentum in the housing market, and as mortgage rates currently hold steady, now is the perfect opportunity to make that decision. 

 

 http://www.freddiemac.com/pmms/index.html?intcmp=CWS-HP

 

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