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Harrison Lilly Team

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

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8700 Front Beach Rd Unit 3106 , Panama City Beach, FL 32407
$198,895
Est. Payment: $1,098.87/mo
1 Bed
1 Bath
1071 Sqft
Status: Active | Days on site: 41
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LOCMR - B11648
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Harrison Lilly Team
Owner/Operator

House Description

The Seller is interested in offering, ''Owner Financing'' , or ''lease to own '' with favorable terms. This could be your new Home, or A Proven Income stream, seller has documented rental income, this is literally a Ground floor opportunity. Ground floor Units come around once in a Blue Moon at Island Reserve. This one has that with two covered parking spaces. The unit has a bonus room that can be used as you like; often as an additional bedroom, or bunk room. This Unit is spacious with high ceilings, and an open floor design, exploiting the warm sunlight. With crown molding, wood and tile floors, granite counter tops and an updated kitchen with modern appliances. The master bedroom has a double vanity with a large tub and shower type design. This residence features a Large laundry area that will accommodate a full size washer and dryer. The Island Reserve Community is not only modern, it is one of the most amenity rich communities in Panama City Beach, featuring an excellent fitness facility, game room, theater room with a huge screen, basketball court and volleyball courts, with a Dream Pool that features a waterfall; all wrapped up in a safe gated area with modern styling. Island Reserve allows Owners to have dogs, which is becoming increasingly rare. It is very close to our beautiful sandy beaches, and centrally located to all that is Panama City Beach, making this an attractive investment opportunity.

Highlights

Listed by Anthony R Davidson , 972-824-3330 Local Motion Realty LLC , 972-824-3330. Bay County Association of REALTORS

Property Type

Condo/Townhome

HOA Fee

1690 Quarterly

Year Built

2009

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Island Reserve

Listing ID

794306

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:1
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Appliances:Electric Oven
Air Cond:Central Air
Fireplaces:
Other:
  • ▪ Additional:Walk-In Pantry

Exterior Features

Lot Dimensions:0x0
Zoning:Resid Single Family
Sewer:Public Sewer
Principal Interest
$1,099
Taxes
$191
HOA
$1,690

Home Price

$198,895

Loan Details

30 yrs
7.374%

Down Payment

20%
$39,779
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:
$1,098.87

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $1,098.87 $190.56 $1,690.00 $2,979.43
Yearly $13,186.39 $2,286.71 $20,280.00 $35,753.10
Total $395,591.84 $68,601.30 $608,400.00 $1,072,593.14

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: 2026-10-07T12:26:16.000Z

© 2026 Bay County Association of REALTORS