4 Beds
4 Baths
1,637 SqFt
4 Beds
4 Baths
1,637 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,637 sqft
Price per Sqft $610
Subdivision Ocean Ritz
MLS Listing ID 795428
Style High Rise
Bedrooms 4
Full Baths 4
HOA Fees $1,175/mo
HOA Y/N Yes
Year Built 2006
Annual Tax Amount $8,279
Tax Year 2025
Property Sub-Type Condominium
Property Description
The open living and dining areas face the water and extend naturally to the oversized gulf-front balcony. With approximately 300 square feet of outdoor living space and seating for eight, the balcony offers ample room for dining, entertaining or simply taking in the shoreline and the sound of the waves below. Its mid-building elevation rises above much of the surrounding street noise while maintaining a close connection to the gulf.
Luxury vinyl plank flooring runs throughout the residence, creating a cohesive look from room to room. The updated kitchen features quartz countertops, stainless steel appliances, a spacious island with bar seating and an open configuration that keeps the kitchen connected to the main gathering areas. An adjacent dining area comfortably seats eight, providing plenty of space for meals and entertaining.
Two gulf-front king suites are among the residence's most distinctive features, each offering panoramic water views and an ensuite bath. Two additional bedrooms each include a queen bed and twin bunks, creating flexible sleeping arrangements for family and guests. Four full bathrooms further enhance the functionality of the floor plan, while an in-unit washer and dryer add everyday convenience.
Offered fully furnished, the residence is well positioned for use as a second home, investment property or a combination of both. Its established short-term rental performance includes more than $112,000 in gross rental revenue in 2025. Year-to-date rental revenue is approximately $100,000, with current projections placing full-year gross revenue at approximately $115,000.
Ocean Ritz provides direct beach access, plus a heated community pool, hot tub, sauna, and grilling area. Restaurants and shops are within walking distance, while Shipwreck Island Waterpark, Pier Park and a wide range of Panama City Beach dining, shopping and entertainment are nearby. With four bedrooms, four baths, two gulf-front suites, an exceptionally large balcony and a proven rental history, this updated residence offers a compelling opportunity along the Gulf of Mexico.
Location
State FL
County Bay
Community Barbecue, Beach, Elevator, Fitness Center, Pool, Sauna, Waterfront, Community Pool, Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Balcony, Double Vanity, Main Level Primary, Tub Shower
Heating Central
Cooling Central Air
Fireplace No
Appliance Electric Range, Electric Water Heater
Exterior
Pool In Ground, Community
Community Features Barbecue, Beach, Elevator, Fitness Center, Pool, Sauna, Waterfront, Community Pool, Short Term Rental Allowed
Utilities Available Electricity Available
Amenities Available Beach Rights, Barbecue, Sauna, Spa/Hot Tub
Waterfront Description Gulf,Shoreline - Sand
View Y/N Yes
Water Access Desc Gulf,Shoreline - Sand
View Gulf, Water
Porch Balcony
Private Pool No
Building
Sewer Public Sewer
Architectural Style High Rise
New Construction No
Schools
Elementary Schools Hutchison Beach
Middle Schools Surfside
High Schools Arnold
Others
HOA Fee Include Fitness Facility,Insurance,Legal/Accounting,Maintenance Grounds,Pest Control,Pool(s),Sewer,Trash,Water
Restrictions Short Term Rentals Allowed
Tax ID 40000-250-033
Financing Other
Nearby Locations
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