Description

0BR/1BA condo in Fontainebleau Terrace in Panama City Beach. Renovated 3rd-floor unit with Gulf views and 2024 HVAC updates. Completely remodeled and located adjacent to the private Bid-A-Wee Beach area, Unit 307 offers 330 square feet of efficiently designed living space with a king bed plus a pull-out sofa to accommodate up to 4 guests. This unit has been owner-use only with no rental history and has been extensively updated throughout. Recent improvements include new flooring, window treatments, furniture, countertops, bathroom updates, lighting, electronics, and accent finishes. The HVAC, microwave, and refrigerator were all replaced in 2024. The layout is designed for easy beach living with an open living area, breakfast bar, furnished interior, and low-maintenance finishes suited for personal use or vacation stays. Built in 1965, Fontainebleau Terrace remains one of the most recognizable Gulf-front properties in Panama City Beach and continues to attract returning visitors year after year. Its smaller studio-style layout makes it especially appealing for couples, weekend beach trips, and families traveling with young children who want easy beach access, resort amenities, and a low-maintenance vacation property in a central location. Community amenities include an oversized Gulf-front pool with partial cover and 9-foot depth, large observation deck overlooking the Gulf and Bid-A-Wee Beach area, fitness center, onsite laundry facilities, owners lounge for gatherings and meetings, BBQ and picnic areas, onsite HOA office, and rental management office. Parking is available onsite and across the street in the additional parking lot. Water heater service is provided through the HOA. There are no rental restrictions, offering flexibility for personal use, short-term rentals, or investment purposes. A third-party rental projection estimates potential gross annual rental income between approximately $16,000 and $21,000 depending on management, occupancy, seasonality, and market conditions. Projection information is provided for informational purposes only and is not guaranteed. Located less than 2 miles from Pier Park and the Russell-Fields City Pier, the property is also within walking distance to beachfront dining, retail shops, snack bars, gift shops, and entertainment venues. HOA dues are $1,323.33 monthly and include cable, internet, water, sewer, electricity, insurance, pest control, pool service, fitness center access, and grounds maintenance. Seller may consider owner financing for a qualified buyer.