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Sold for $223,000 on 09/15/25
  • $223,000

    1320 E 5th St APT 103, Panama City, FL 32401

    2beds
    844sqft
    Condominium
    Built in 1985
    -- sqft lot
    $223,000 Zestimate®
    $264/sqft
    $-- Estimated rent

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    What's special

    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Charming Turnkey Rental Investment with Boat Slip in Beautiful Panama City, Florida! Welcome to your next investment! This delightful turnkey rental Condo is the perfect opportunity for anyone looking to step into the thriving Panama City rental market without the hassle. What You'll Love About This Property: - Fantastic Location: Situated right on Watson Bayou just a mile away from Downtown Panama City with amazing dining spots, and fun local attractions, this unit is perfectly positioned to attract both vacationers and long-term tenants. Perfect for avid fishermen, keep your boat at the deeded boat slip and just a 10 minute ride to the Saint Andrews Pass! - Move-In Ready: Fully furnished with stylish decor and comfortable furnishings, this charming unit is ready to welcome guests right away. Simply move in or list it for rentals immediately! - Spacious Comfort: With 844 sq ft of inviting living space, this unit features 2 cozy bedrooms and 2 bathrooms, plus an open-concept layout that's perfect for relaxing or entertaining. - Modern Amenities: Enjoy a well-equipped kitchen with sleek stainless steel appliances, generous countertops, and ample storage options. Plus, you'll find convenient in-unit laundry facilities and air conditioning for year-round comfort. HOA covers Internet, boat slip (with Electric & water), trash, & pest control! Only pay your electric! - Bonus Feature - Deeded Boat Slip: This property even includes a deeded boat slip! Perfect for those who love spending time on the water, it offers easy GULF access to boating and fishing right from your doorstep. - Rental History: With AirbNb rental history and a high demand for properties in this area, you can feel confident in your investment's potential for cash flow and appreciation. - Low Maintenance: Well-maintained and managed, this property is not only charming but also easy to care for, making it an ideal rental investment. Don't miss this friendly and fabulous turnkey rental opportunity in lovely Panama City! Contact us today to schedule your showing and start your journey to owning this amazing property! Any Assessment paid in full at closing!

    Zillow last checked: 7 hours ago

    Listing updated: September 16, 2025 at 06:37am

    Listed by:

    Megan Osborn 850-276-0020,

    Foundation Real Estate Agency LLC

    Bought with:

    Megan Osborn

    Foundation Real Estate Agency LLC

    Source: CPAR,MLS#: 775714MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Bedroom
    • Level: First
    • Dimensions: 11.2 x 13.9
    Bedroom
    • Level: First
    • Dimensions: 10.7 x 12
    Kitchen
    • Level: First
    • Dimensions: 11 x 8
    Living room
    • Level: First
    • Dimensions: 11.5 x 13.1
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Washer/Dryer Stacked, Dishwasher, Freezer, Disposal, Microwave, Refrigerator
    • Laundry: Stacked
    Features
    • Flooring: Carpet, Luxury Vinyl Plank
    • Windows: Double Pane Windows
    Interior area
    • Total structure area: 844
    • Total interior livable area: 844 sqft

    Property

    Parking
    • Parking features: Electric Gate, Paved, Parking Lot
    Features
    • Patio & porch: Balcony, Covered, Patio
    • Exterior features: Balcony, Boat Slip, Dock
    • Fencing: Partial
    • Has view: Yes
    • View description: Bayou
    • Has water view: Yes
    • Water view: Bayou
    • Waterfront features: Bay Access, Bayou, Seawall, Waterfront
    Lot
    • Features: Waterfront
    Details
    • Parcel number: 22331954000
    • Zoning description: Resid Multi-Family
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Low Rise
    • Property subtype: Condominium
    Materials
    • Stucco
    Condition
    • New construction: No
    • Year built: 1985

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Electricity Available

    Community & neighborhood

    Security
    • Security features: Gated Community, Security System
    Community
    • Community features: Dock, Fishing, Park, Waterfront, Gated
    Location
    • Region: Panama City
    • Subdivision: Bayou Pointe Villas

    HOA & financial

    HOA
    • Has HOA: Yes
    • Amenities included: Dock, Gated, Picnic Area, Boat Slip
    • Services included: Association Management, Internet, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Sewer, Trash, Water
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $223,000
    2% more+$4,460
    With Zillow Showcase(estimated)$227,460