5115 Gulf Drive 404, Panama City Beach, FL 32408

• 1 bed |
• 2 baths |
• 883 sqft

Property Description

There is no other gulf-front building in Panama City Beach where your electric bill is zero. Seychelles is it. Unit 404 sits on the fourth floor with a direct gulf view. One bedroom, two full baths, and hallway bunks that sleep the whole group. Fully furnished and move-in ready. Here's what makes Seychelles different from every other building on this beach: electricity is included in the HOA fee. Not water. Not trash. Electric. That means no summer AC bill, no winter heating bill, no utility surprise -- ever. For a vacation home owner, that's simplicity. For an investor running short-term rentals, that's a cost structure no comparable can match. The unit was completely refreshed in 2024 -- new furniture, new mattresses, new ceiling fans, fresh paint throughout, new dishwasher, new washer and dryer. It's in excellent showing condition and produced $32,000 in rental income in 2025 with the existing management program through Best Beach Getaways. Total annual carry: approximately $14,117 (HOA $9,489 · taxes $3,862 · insurance $667 · AC service $99). Everything else is income or enjoyment.

Listing Status:

Active

Date Added:

May 6, 2026

Data Last Updated:

May 24, 2026 at 7:16PM

Listing Office:

Berkshire Hathaway HomeServices Beach Properties of Florida : 850-252-4160

MLS ID:

789478

Interior

• Appliances: Electric OvenElectric RangeElectric Water Heater
• Heating: Electric

Exterior

• Style: High Rise
• Other Structures: Balcony
• Pool: Community

Construction

• General: Concrete

Location

• HOA Amenities: OtherSee Remarks
• Originating MLS: CPAR_CPAR
• County: Bay

Lot

• Zoning: SEYCHELLES RESORT CONDOMINIUM UNIT 404 TYPE B ORB 2753 P 1936 1BR/BUNK/2BA ORB 4554 P 324 883 SQ.FT31437-400-030

Utilities

• Utilities: Cable ConnectedElectricity Available
• Sewer: Public Sewer

Financial

• Source: CPAR_CPAR