COMPLETELY REMODELED, RENOVATED, WITH ALL NEW FURNISHINGS AND MASSIVE RENTAL INCOME. Tidewater Beach Resort #1608 in Panama City Beach, Florida, is a highly desirable property with its spacious two-bedroom, two-bathroom layout with 1593 square feet and stunning balcony with panoramic views. The unit has been recently remodeled with custom furnishings, making it an attractive option for both owners and renters alike. Despite the owner's frequent use of the property, it still generates substantial rental income. With the potential to exceed $70, 000 in gross rental income when fully booked, it's clear that this condo offers a significant return on investment. Even with heavy owner usage, it has consistently brought in impressive rental income, showcasing its appeal to vacationers.With heavy owner usage, the condo generated $38, 723 in rental income in 2024 (the owner used this property as a second home, so the rental income could easily exceed $70, 000 if fully booked). Situated in the middle of Tidewater, the condo boasts breathtaking views of the Emerald Coast's emerald waters. The amenities offered by Tidewater Beach Resort are top-notch, ensuring that guests have everything they need for a memorable stay. From multiple pools and hot tubs to a fitness center, game room, and even a movie theater, there's no shortage of entertainment options. Plus, the proximity to Pier Park, with its fireworks displays, adds an extra layer of excitement to the location. Overall, Tidewater Beach Resort #1608 is a true delight for both owners and guests. Its combination of luxury, convenience, and income potential makes it a standout property in Panama City Beach.
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 13 x 13
- Primary Bedroom Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Primary Bathroom Dimensions: 3.9 x 13.5
- Primary Bathroom Level: First
Interior Features
- BreakfastBar
- RecessedLighting
Appliances
- WasherDryerStacked
- Dishwasher
- ElectricWaterHeater
- Disposal
- Microwave
- Refrigerator
- Laundry Features: Stacked
Other Rooms
- Bedroom, DiningRoom, Kitchen, LivingRoom, PrimaryBathroom, PrimaryBedroom
- Bedroom: 13.8 x 14.9
- Bedroom Level: First
- Bedroom Desc: Measurements approximate; buyer to verify
- Living Room Dimensions: 14 x 15
- Living Room Level: First
Heating and Cooling
- Cooling Features: CentralAir, Electric
- Heating Features: Central, Electric
- Heating: Yes
Kitchen and Dining
- Dining Room Dimensions: 9.8 x 15
- Dining Room Level: First
- Kitchen Dimensions: 10 x 11
- Kitchen Level: First
Exterior and Lot Features
- Balcony
- Patio And Porch Features: Balcony
Pool and Spa
- Pool Features: ElectricHeat, InGround, PoolSpaCombo, Community
Waterfront and Water Access
Land Info
- Lot Description: Waterfront
- Lot Size Dimensions: 0x0
Garage and Parking
- Parking Features: AdditionalParking
Home Features
- View: Gulf
- Security Features: BuildingSecurity, TwentyFourHourSecurity, SecurityService
Homeowners Association
- Association: Yes
- Association Fee: 3136
- Association Fee Frequency: Quarterly
- Association Fee Includes: Insurance, Internet, MaintenanceGrounds, PestControl, Pools, RecreationFacilities, Security, Trash
- Calculated Total Monthly Association Fees: 1045
School Information
- Elementary School: Hutchison Beach
- High School: Arnold
- Middle School: Surfside
Amenities and Community Features
- Community Features: Barbecue, Beach, BusinessCenter, Clubhouse, ConferenceMeetingRoom, Elevator, FitnessCenter, Park, Pool, RecreationArea, ShortTermRentalAllowed, Waterfront
Other Property Info
- Source Listing Status: Active
- County: Bay
- Directions: From the intersection of Highway 79 and Panama City Beach Parkway, go South on Arnold to Front Beach Road. Take a left and Tidewater Resort will be on the Gulf side within the first half mile.
- Source Property Type: Residential
- Area: 03 - Bay County - Beach
- Property Subtype: condo
- MLS Area Minor: 0318 - Beach - Central South
- Source Neighborhood: Tidewater Beach Phase I
- Parcel Number: 40000-950-143
- Postal City: Panama City Beach
- Property Location: Waterfront
- Subdivision: Tidewater Beach Phase I
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1593
- Year Built: 2007
- Entry Level: 16
- Living Area Source: Appraiser
- Property Age: 18
- House Style: HighRise
- Architectural Style: HighRise