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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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131 Grande Island Boulevard , Panama City Beach, FL 32407
$399,000
Est. Payment: $2,204.42/mo
2 Bed
3 Bath
1436 Sqft
Status: Active | Days on site: 21
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PR.KWR003 - PR.11971
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Harrison Lilly Team
Owner/Operator

House Description

5-minute walk to the beach! Welcome to Gulf Highlands Beach Resort, where this 2-story, 2-bedroom, 2.5-bath townhome is being SOLD FULLY FURNISHED and is ready for immediate enjoyment or to become your next investment property! With rental projections of approximately $38,000 annually, plus a 2022 roof and 2022 HVAC, this property is ready to go. Inside, you'll find a bright, neutral interior with an open layout. The kitchen features tile flooring, stainless steel appliances, abundant cabinetry, and a large breakfast bar with ample seating, while the adjacent dining area accommodates more seating. The spacious living room opens through sliding glass doors and is one of the few units with a covered patio overlooking one of the community pools. There's also a shared green space, creating a relaxing outdoor setting. Additional conveniences include two owner's closets for secure storage and two assigned parking spaces. Both bedrooms and the laundry room are located upstairs. The spacious primary suite features a vaulted ceiling, private balcony with pool views, and an ensuite bathroom with a tub/shower combination. The second bedroom also includes its own ensuite bathroom with a walk-in shower, offering privacy for guests. Gulf Highlands Beach Resort is packed with amenities, including private beach access, 11 swimming pools with one being Gulf front, newly added pickleball courts, basketball courts, shuffleboard courts, mini golf, and a fitness center. Centrally located in Panama City Beach, you're just minutes from shopping, dining, and local attractions. Whether you're looking for a beach getaway, full-time residence, or short-term rental investment, this townhome offers an excellent location, strong income potential, and outstanding resort-style amenities!

Highlights

Listed by TRAVIS TALLEY , 850-916-5800 KELLER WILLIAMS REALTY GULF COAST , 850-471-5000. Bay County Association of REALTORS

Property Type

Condo/Townhome

HOA Fee

1121.78 Quarterly

Year Built

1989

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Gulf Highlands Beach Resort

Listing ID

793715

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:2
  • ▪ 1/2 Bathrooms:1
Appliances:Electric Oven, Electric Range, Tankless Water Heater
Air Cond:Central Air,Ceiling Fan(s)
Fireplaces:
Other:
  • ▪ Additional:Balcony, Interior Steps, Tub Shower, Upper Level Primary, Walk-In Closet(s), Entrance Foyer

Exterior Features

Lot:Paved
Lot Dimensions:20x46x20x46
Roof:Clay
Others:
  • ▪ Additional:Patio
Sewer:Public Sewer
Parking Features:No Garage,Gated
Principal Interest
$2,204
Taxes
$254
HOA
$1,122

Home Price

$399,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$79,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,204.42

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $2,204.42 $254.36 $1,121.78 $3,580.56
Yearly $26,453.01 $3,052.35 $13,461.36 $42,966.72
Total $793,590.31 $91,570.50 $403,840.80 $1,289,001.61

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T05:07:46.000Z

© 2026 Bay County Association of REALTORS