NEW Flooring Just Installed in Living & Dining Areas! NEW Microwave just installed too! OWNER FINANCING NOW OFFERED!!! WITH FULL PRICE OFFER AT 5% INTEREST RATE, AMORTIZED OVER 30 YEARS WITH A 2-YEAR BALLOON PAYMENT DUE. $50K NON-REFUNDABLE DOWN PAYMENT REQUIRED. NO PREPAYMENT PENALTY. BUYER RESPONSIBLE FOR HOA DUES AND PROPERTY TAXES. ESTIMATED MONTHLY PAYMENT OF $1, 234.69 (PRINCIPAL AND INTEREST ONLY) BASED ON A $280K PURCHASE PRICE. CREDITWORTHINESS WILL BE CONSIDERED FOR ANY SELLER-FINANCED DEAL.Experience luxury living at Island Reserve -- one of the most talked-about gated communities in Panama City Beach -- offering an unbeatable blend of comfort, style, and convenience. This highly sought-after top-floor unit (#5305) boasts stunning courtyard and pool views, with the added bonus of garage parking on the same level for easy access.Step inside this elegant 2-bedroom, 2.5-bath condo featuring 2 master suites, each with walk-in closets and private access to a spacious balcony -- which can also be reached from the open-concept living and dining areas. The home is beautifully appointed with bamboo flooring, granite countertops, and stainless steel appliances, perfectly balancing modern design with warm, inviting touches.Island Reserve is more than just a home -- it's a resort-style oasis. Enjoy world-class amenities, including a sprawling 1-acre pool with two waterfalls and plenty of seating for poolside gatherings, a state-of-the-art fitness center, and an indoor, climate-controlled gymnasium with a basketball court (also suitable for pickleball games). The vibrant Social Club plans events for the community, fostering a welcoming, neighborly atmosphere year-round.This serene, owner-occupied community offers peace of mind with gated security and no short-term rentals. Plush gardens and fountains create a tranquil environment between buildings, making every day feel like a retreat.Location is key -- just 1.4 miles from the world-famous sugar-white sand beaches and 1.2 miles from the Hathaway Bridge. You're close to shopping, dining, and entertainment while still tucked away from the hustle and bustle.Association dues cover everything except electric and cable/internet service, ensuring a hassle-free lifestyle.Don't miss your chance to call this stunning Island Reserve condo home. Schedule your private tour today and experience resort living at its finest!
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 13 x 13
- Primary Bedroom Level: First
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- 1/2 Bathrooms: 1
Interior Features
- KitchenIsland
- SplitBedrooms
- TrackLighting
Appliances
- Dryer
- Dishwasher
- ElectricOven
- ElectricRange
- ElectricWaterHeater
- Microwave
- Refrigerator
- Washer
Other Rooms
- Bedroom, LivingRoom, PrimaryBedroom
- Bedroom: 13 x 11
- Bedroom Level: First
- Living Room Dimensions: 18 x 15
- Living Room Level: First
Heating and Cooling
- Cooling Features: CentralAir, CeilingFans, Electric
- Heating Features: Central, Electric
- Heating: Yes
Exterior and Lot Features
- Balcony
- Other Structures: PoolHouse
- Patio And Porch Features: Balcony
- Road Frontage Type: PrivateRoad
- Road Surface Type: Paved
Pool and Spa
- Pool Features: Fenced, InGround, Community
- Spa Features: Community
Land Info
Garage and Parking
- Parking Features: Gated, ParkingLot, CommunityStructure
Homeowners Association
- Association: Yes
- Association Amenities: Gated
- Association Fee: 1736
- Association Fee Frequency: Quarterly
- Association Fee Includes: AssociationManagement, Clubhouse, Insurance, LegalAccounting, MaintenanceGrounds, PestControl, Pools, Sewer, Security, Trash, Water
- Calculated Total Monthly Association Fees: 579
School Information
- Elementary School: Breakfast Point
- High School: Arnold
- Middle School: Breakfast Point
Amenities and Community Features
- Community Features: Barbecue, BasketballCourt, Clubhouse, Elevator, FitnessCenter, Pool, Sidewalks, Gated
Other Property Info
- Annual Tax Amount: 3008
- Source Listing Status: Active
- County: Bay
- Directions: Heading West from Hathaway Bridge, turn right at traffic light on Laurie going into Island Reserve front entrance. From the Laurie Ave entrance, enter gate and go to straight ahead to the parking garage 3rd floor, go down the hallway of Building 5, Top Floor & is about halfway down on your left.
- Tax Year: 2024
- Restrictions: NoShortTermRentals
- Source Property Type: Residential
- Area: 03 - Bay County - Beach
- Property Subtype: condo
- MLS Area Minor: 0320 - Beach - Middle Central
- Source Neighborhood: Island Reserve
- Parcel Number: 40001-100-179
- Postal City: Panama City Beach
- Subdivision: Island Reserve
- Zoning Description: Resid Single Family
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1325
- Year Built: 2008
- Entry Level: 3
- Living Area Source: Appraiser
- Property Age: 17
- Building Total Stories: 3
- House Style: LowRise
- Architectural Style: LowRise
Utilities
Home Features
- Security Features: FireAlarm, GatedCommunity, SecurityFence, SecurityService