Panama City Beach, FL Real Estate News

By Todd Sabatini
(Keller Williams Success Realty)
TODD SABATINI CENTURY 21-SMITH&ASSOCIATES INC. 850-230-2350 WORK 850-819-4073 CELL TODDSABATINI@AOL.COM Residential - DSF Click photo to enlarge or view multi-photos. MLS#: 364912 OfficeFile#: ListPrice: $ 729,000.00 Status: Active Last Change: 02/22/2008 ApproxSF: 3,262 Address: 4119 SAFARI ST $/Sqft: $314.22 Panama City Beach, FL TotalRooms:10 Bedrooms:4 Zip: 32408 Baths Full/Half: 3/0 Con Docs: N Fractional Ownership: MainArea: 03 BB-Bay County-Beach Stories: 2 SubArea: 0309 - South of Grand Lagoon YearBuilt: 1996 Subdiv: CRESCENT BEACH UNIT 1 ImmOcc? ParcelID: 30850-000-000 ConstrStat: ConstrCmplt ElemSch: Patronis Middle: Surfside High: Arnold Dir: From the Hathaway Bridge-go South on Thomas Drive to Safari (Next to Sterling Beach Condo's) House is on the Left. Legal: CRESCENT BEAC...
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By Todd Sabatini
(Keller Williams Success Realty)
TODD SABATINI CENTURY 21-SMITH&ASSOCIATES INC. 850-230-2350 WORK 850-819-4073 CELL TODDSABATINI@AOL.COM Residential - DSF Click photo to enlarge or view multi-photos. MLS#: 372458 OfficeFile#: ListPrice: $239000.00 Status: Active Last Change: 09/13/2007 ApproxSF: 1,681 Address: 302 HIBISCUS AVE $/Sqft: $146.88 Panama City Beach, FL TotalRooms: Bedrooms:2 Zip: 32413 Baths Full/Half: 2/0 Con Docs: Fractional Ownership: MainArea: 03 BB-Bay County-Beach Stories: 1 SubArea: 0307 - Beach E of Hwy 79 YearBuilt: 1972 Subdiv: OPEN SANDS ImmOcc? Y ParcelID: 33956-010-000 ConstrStat: ConstrCmplt ElemSch: Hutchison Beach Middle: Surfside High: Arnold Dir: West on Hwy 98 to Gulf Drive (Open Sands) Left. Follow to Hibiscus, take right, home is on the right Legal: Open Sands Lot 52 BLK J ORB 381 P 513...
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By Jeff Payne, Panama City Real Estate
(The Payne Group at Keller Williams Success Realty)
Want to know where to find all of the information about Panama City, Panama City Beach and Bay County Florida?  We have a great website blog Panama City Home Source Blog to discuss all things related to Panama City Florida.Exciting things are happening here in Panama City and Panama City Beach. Pier Park just opened with the first stores, Dillards, Jimmy Buffet's Margaritaville, Hofbrau Brewhouse, and Target anchoring the mall.   The new Panama City-Bay County International Airport is under construction and many new condominiums have opened in the recent months. Our tourism industry in Panama City Beach is in full swing with spring break.For everything that you want to know about Panama City and Panama City Beach, visit our website.We hope to see you soon in Panama City!!!!!
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By Jeff Payne, Panama City Real Estate
(The Payne Group at Keller Williams Success Realty)
THINGS TO DO IN PANAMA CITY BEACH The Thunder Beach Motorcycle Rallies have come a long way these past few years on virtually every level.  The future, to be sure, is even brighter: As the up-scale development at Pier Park builds out, Thunder Beach should have a significant presence there.  Simon Property Group, the nation's premier developer of entertainment, dining   and retail shopping space, is building an open-air extravaganza second to none.  When Pier Park grand opens in March of 2008, Jimmy Buffet's Margaritaville will be just one of the entertainment and dining anchors.  Simon's expressed desire to incorporate Thunder Beach into the Pier Park mix, during the rally, is very exciting. A brand new, state of the art, Harley Davidson Dealership will, hopefully, soon break ground on ...
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By Rocky Wright
(Keller Williams Success Realty)
** SHORT SALE ** Contract subject to lender approval. Extraordinary home located at Hidden Pines subdivision; this one is loaded with extras! This home features walk in closets in every room, oversized crown molding, Jacuzzi tub, trayed ceilings, custom cabinets and double vanity. Tasteful decor throughout entire home. Covered patio and custom landscaping will make for many wonderful mornings and evenings! Come view today, it may be gone tomorrow!! 
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By Jeff Payne, Panama City Real Estate
(The Payne Group at Keller Williams Success Realty)
Call me about purchasing this unit with ONLY 5% down!!!  Property report courtesy of The Payne GroupResidential - CNDClick photo to enlarge or view multi-photos.MLS#:367156 OfficeFile#: ListPrice:$397,500Status:Active Last Change: 02/22/2008ApproxSF:1,104Address:15625 FRONT BEACH RD, #1208$/Sqft:$360.05Panama City Beach, FLTotalRooms:Bedrooms:1Zip:32413Baths Full/Half:2/0Con Docs:YFractional Ownership:MainArea:03 BB-Bay County-BeachStories:1SubArea:0307 - Beach E of Hwy 79YearBuilt:2007Subdiv:AQUAImmOcc?ParcelID:40000-550-124ConstrStat:ConstrCmpltElemSch: Hutchison Beach Middle: Surfside High: ArnoldDir:From the intersection of Front Beach Road and Hwy. 79, go East about 3/4 mile. Aqua is located on the Gulf side of Front Beach Road just past Pier Park and Calypso.Legal:Aqua Condominium...
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By Jan Evett, Broker Associate, 20 years+ in real estate
(The Premier Property Group LLC)
When you plan your vacation to Panama City Beach you must treat yourself to the wonderful seafood dinners that await your visit. You will love our warm Southern Hospitality, hot she-crab soup, fresh fish and shellfish, and homemade desserts.     When you plan your vacation, save a couple of nights to enjoy a nice dinner before you crash into one of the local beach parties. And if you are bringing the little ones for vacation, you'll need to know which restaurants are 'kid friendly' and which ones cater to more adult tastes. There are literally hundreds of restaurants in the area making it possible even for locals to try a new menu every week. For many families, going to the beach for summer vacation has become a way of life. We see church groups, civic clubs, business organizations, sor...
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By Jeff Payne, Panama City Real Estate
(The Payne Group at Keller Williams Success Realty)
 Buy NOW in Panama City Beach BEFORE THE NEW INTERNATIONAL AIRPORT IS COMPLETED AND THE VALUES START TO RISE AGAIN!!!!!!!!!!!!!! Presented by: Jeff Payne of Keller Williams Success RealtyResidential - DSFClick photo to enlarge or view multi-photos.MLS#:378149 OfficeFile#: ListPrice:$1,045,000Status:Active Last Change: 02/08/2008ApproxSF:2,016Address:22708 FRONT BEACH RD$/Sqft:$518.35Panama City Beach, FLTotalRooms:12Bedrooms:4Zip:32413Baths Full/Half:3/0Con Docs:Fractional Ownership:MainArea:03 BB-Bay County-BeachStories:3SubArea:0308 - Beach W of Hwy 79YearBuilt:2005Subdiv:INLET BEACH HEIGHTSImmOcc?YParcelID:36083-010-000ConstrStat:ConstrCmpltElemSch: Hutchison Beach Middle: Surfside High: ArnoldDir:Take 98 West to Front Beach Rd, (West end of beach) take Front Beach Rd East to propert...
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By Ron Herring
(Whatley & Darty Real Estate and Developments, LLC)
I am very excited to be in the real estate business in the Panhandle of Florida.  During this time of growth and development, I feel like it is a tremendous opportunity to be a part of a market that is on the verge of exploding once more.  If you have any questions about our area or are interested in investments and/or developments, give me a call. Good luck and God bless you all.
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By Jennifer Mackay, Your Bay County Florida Realtor 850.774.6582
(Counts Real Estate Group, Inc.)
I read an interesting article today in regards to the TDC (Tourism Development Council) and spring break.Once again, the TDC appears to be marketing to spring breakers.  While others may not see the benefit to this tactic, I certainly do.Other tourist oriented cities market the spring breakers constantly.  During the spring break weeks, those cities (as Panama City Beach has in the past) experience significant increased revenue generated by the college students.  This is a win win situation for the local economy as well as the real estate market.Spring breakers eventually graduate from college, get jobs and want either to settle down somewhere or purchase a second home.  Many them, having fond memories of spring break in Panama City Beach Florida, choose to return and purchase their hom...
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By Kirsten McAndrew
(Edgewater Beach Realty)
PANAMA CITY - BAY COUNTY AIRPORT AND INDUSTRIAL DISTRICT HOLDS GROUNDBREAKING CEREMONYFOR NEW PANAMA CITY - BAY COUNTY AIRPORT  Governor Crist Hails Project as a Model for Economic Development and Environmental PreservationPANAMA CITY, Florida (November 1, 2007) - The Panama City - Bay County International Airport and Industrial District (Airport Authority) today held a ceremonial groundbreaking initiating the construction phase its new state-of-the-art international airport.                  The airport is being built in the 75,000-acre West Bay Area Sector on 1,300 acres of a 4,000-acre site being donated to the Airport Authority by The St. Joe Company (NYSE: JOE).                With this ceremony, work also soon will began on an unprecedented environmental preservation effort design...
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By Jennifer Mackay, Your Bay County Florida Realtor 850.774.6582
(Counts Real Estate Group, Inc.)
I read an interesting article today in the news herald... Danny Grizzard, director of Florida Aquatic and Marine Inc. and Mike Gomez co-owner of the Panama City Dive and Ski Center both support the sinking of the decommissioned tug boat - Red Sea. The site is planned to be located about five miles off the St. Andrew Bay pass in 75 feet of water. Read the full article. Also, the newly planned Audubon Center at West Bay is getting lots of attention lately. Linda Macbeth, the center’s project director for Audubon of Florida, will be giving an updated presentation on the planned 15,000-square-foot nature center slated for a site on State 79 located near the upcoming International Airport. The event, will be open to the public at no charge, and will be held at the Edgewater Beach Resort Conf...
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By Jennifer Mackay, Your Bay County Florida Realtor 850.774.6582
(Counts Real Estate Group, Inc.)
I received a phone call yesterday, for a home showing in Wild Heron near Panama City Beach Florida.  But I have plans to attend a seminar.  Decisions...decisions.For those unfamiliar with this area...Wild Heron is a very nice vacation and Golfing community.  It's park like setting along with the 18 hole private Shark's Tooth Golf Club makes this a wonderful get away retreat and full time residence.  Along with all this, Wild Heron's Prospect Point offers a Boat House, Health Club, Neighborhood Pool & Grille, Fire Pit, and Playground Area.The showing is for a couple, referred to me from one of my previously satisfied customers (to read what other customers have to say about my services, see my testimonials page).  I am not going to dissapoint them!I'm going to send Jessie to the seminar ...
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By Jan Evett, Broker Associate, 20 years+ in real estate
(The Premier Property Group LLC)
The NEW Bay County International Airport Groundbreaking! November 1, 2007 was considered a "red letter" day in Panama City Beach, Florida.  The big deal was the ceremonial groundbreaking for the new Bay County International Airport ... the beginning of the construction phase for the newest ‘state-of-the-art' international airport in the U.S.  It's hard for locals to believe that this event has much interest beyond the bays of our area.  It's been the subject of conversation and controversy, hopes, plans, schemes, and dreams for the past few years.  Many, many locals have said, "It'll never happen."  And many others have said, "Say it isn't so."  While many of us in the real estate industry have said, "Could it really happen here?"  The airport is planned to occupy a 75,000-acre area sec...
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By Jennifer Mackay, Your Bay County Florida Realtor 850.774.6582
(Counts Real Estate Group, Inc.)
Often when I see news in the media regarding the terrible state of the real estate market the first thing I do, is contact the many agents I have the pleasure of doing referral business with and ask them about their market.While not all markets are experiencing good reports, several markets appear to be turning around.Let me explain...Yesterday, I was posting my updated Real Estate Market Information for the month of October in Panama City Florida and I was pleasantly greeted with good market news!The Condominium market made significant gains last month in Bay County:(The information presented here is provided by BCAR MLS and is not guaranteed)  SeptemberOctoberAverage Price11.55%$327,711 $365,556 Median Price:21.82%$275,000 $335,000 Average DOM:-45.64%14981Even though the average price...
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By Jan Evett, Broker Associate, 20 years+ in real estate
(The Premier Property Group LLC)
We're going to be the proud recipients of a new INTERNATIONAL AIRPORT in Bay County, FLORIDA!I'm not sure when the most recent International Airport was built in the US, but I've been told it's been a while.  One thing for certain... we need the new airport for future growth and development.The Bay County Association of REALTORS® has hired a local firm to promote the unprecedented growth and development of the NW FL area.  Below are a couple of articles published by this company.  With permission, I would like to share the good news with you!Date Set for Bay County International Airport Groundbreaking Ceremony:  November 1, 2007Early today the Airport Authority began emailing invitations to a "Ceremonial Groundbreaking" for the new airport, to be held on Thursday, November 1, at 9:30 a....
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By Kirsten McAndrew
(Edgewater Beach Realty)
The golden sunshine, southern hospitality and quaint beachside charm you've always experienced in Panama City Beach is nothing new.  What is new, however, is almost everything else! A new skyline of distinctive architecture fills the horizon, and a collection of enchanting eateries, exhilarating attractions and chic retail are arriving daily. New museums, theaters, galleries and parks are on their way. The pedestrian friendly renovation of Front Beach Road that parallels the Gulf of Mexico will bring sidewalks, bike trails, tropical landscaping, a public trolley system and a fresh new look to the beach. The development of Back Beach Road (Highway 98) that runs through the heart of Panama City Beach is making history and this is only the beginning!   READ MOREAt 4000 acres, the new airpo...
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By Robert Monk, Florida Real Estate
(100% Realty, Inc.)
Personally, I can remember as a child in north central Alabama, aka Birmingham, that Panama City was the summer reward for managing to get through another year of school, without having to attend summer school.  Not being the brightest candle in the chandelier, I didn't always make it, but I can say that for the years I did make grades high enough to keep me out of summer school, Panama City was the reward that permanently embedded the most  beautiful memories in my head.  Like the Panama City pier, and the fishing.  As a youngster, one is entitled to snag bait, because one doesn't own a rod heavy enough to challenge the big fish such as King Mackerel, Cobia (Ling), Amberjack, or even a good sized Bonita, and even if one did, little fellows would have a most difficult time bringing in a...
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By Brandon Jordan
(ERA American Real Estate)
ReservationsAccommodationsMeetingsAmenitiesSpecialsDirectionsContactLinks Majestic Beach Resort in Panama City Beach, Florida has captured the spirit of life on the beach in a new Florida resort condominium with over 650 feet of beachfront on the Gulf of Mexico. Singles, couples and families of all ages will find Panama City Beach the perfect destination. You will discover the ultimate in gulf-front rental with one of our accommodations - studio, one, two, three or four bedrooms. The beach is a special place where time stands still...a place where your family, generation after generation, has made lifelong memories...a place where you and your friends grew up...a place where you found solitude and revitalization. Your life has revolved around the beach...picnics, cool ocean breezes, sun...
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The condominium inventory is starting to shrink as people take their units off the market. In July of 2006, the number of condos on the market was 3021. That number has dropped almost every month sense. As of June of 2007 the total number was 2125.  The lower priced units are selling and overprices units are expiring.  The market is correcting its self. 
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