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Back 402/5115 Gulf Dr
Off Market

402/5115 Gulf Dr

Lower Grand Lagoon FL 32408

1
2
2
883 sq. ft.
Condo
Last sold for $400,000
Mike HerringMike Herring, last sold this property on 23 September 2025 after 653 days on market.

Overview

UNDER CONTRACT WITH CONTINGENCIES; SELLER ACCEPTING BACKUP OFFERS. Welcome to Seychelles Beach Resort, one of Panama City Beach's most coveted Gulf-front communities, where luxury, location, and income potential meet. Perched directly on the sugar-white sands, this turnkey-ready 1-bedroom, 2-bathroom condo delivers unbeatable views and an unbeatable investment. Step inside to discover a light-filled, open-concept living and dining space framed by floor-to-ceiling Gulf-facing windows. The private balcony is your front-row seat to breathtaking sunsets and gentle sea breezes perfect for morning coffee or evening cocktails. The spacious master suite features a king-sized bed and private en-suite bathroom, while a second full bath offers added flexibility for guests making this unit ideal as a vacation rental, personal beach retreat, or year-round residence. The modern kitchen boasts granite countertops, stainless steel appliances, and ample cabinetry perfect for whipping up beachside meals after a day in the sun. Seychelles Beach Resort amenities include: Two beachfront pools (one heated seasonally) Hot tub Fitness center Covered parking Direct beach access Electricity INCLUDED in HOA dues a rare bonus! Located on the peaceful east end of Panama City Beach, you're just steps from St. Andrews State Park and walking distance to dining and entertainment with the iconic Schooners beachside restaurant right at your doorstep. Why investors love it: High rental demand, exceptional amenities, and one of the very few buildings with utilities covered in the HOA. Whether you're looking to capitalize on short-term rental income or secure your own slice of paradise, this is a rare Gulf-front opportunity you don't want to miss. Schedule your private tour today and start living (or renting) the beachfront dream.

Features

1 bedroom
2 bathrooms
2 carspaces
2 garage spaces
883 sq. ft. floor area
Condo

Estimated Value

Based on this property and similar 1 bedroom condos sold in Lower Grand Lagoon over the last 12 months, the estimated median property value of 402/5115 Gulf Dr is $285k.

Median value
$285k
Estimated value range
$100k - $420k
Median days on market
98
Estimated value trend
-4%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Lower Grand Lagoon. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 402/5115 Gulf Dr

2025
Sold
$400,000
23 Sep 2025 by Mike Herring, of KELLER WILLIAMS REALTY EMERALD
2023
Sold
$430,000
30 Mar 2023 by John Moran, of Keller Williams Realty Destin
2023
Sold
$430,000
30 Mar 2023 by John Skinner Jr., of KELLER WILLIAMS REALTY EMERALD

Happy sellers in Lower Grand Lagoon

91%
91% of sellers in Lower Grand Lagoon reported that their sale price either exceeded or met their price expectations.

Lower Grand Lagoon stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 31 reviews in Lower Grand Lagoon over the last 12 months.

Local market activity for 1 bedroom condos in Lower Grand Lagoon

In the last 12 months, 141 one-bedroom condos similar to 402/5115 Gulf Dr, have been sold.

This represents a 6% increase in one-bedroom condos sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lower Grand Lagoon

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Zack Seltzer

Zack Seltzer is an award winning recommended agent for Lower Grand Lagoon.  They have 28 local sales and collected 10 local reviews across the last 12 months.

  •   5   (68 reviews)
  •  10 Reviews in Lower Grand Lagoon
  •  28 Sales in Lower Grand Lagoon
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Alice de La Penha

Alice de La Penha is an award winning recommended agent for Lower Grand Lagoon.  They have 20 local sales and collected 7 local reviews across the last 12 months.

  •   5   (144 reviews)
  •  7 Reviews in Lower Grand Lagoon
  •  20 Sales in Lower Grand Lagoon
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Sean Casilli

Sean Casilli is a recommended agent for Lower Grand Lagoon.  They have collected 6 local reviews across the last 12 months.

  •   5   (21 reviews)
  •  6 Reviews in Lower Grand Lagoon
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Tyler S Smith

Sellers who recommend Tyler S Smith have praised them for being local expert, clear communication, responsive, great negotiation, detail-oriented, well-prepared, and proactive

  •   5   (69 reviews)
  •  6 Reviews in Lower Grand Lagoon
  •  6 Sales in Lower Grand Lagoon
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