5115 Gulf Drive, Unit 404
Panama City Beach, FL 32408
Beds: 1 
Baths: 2 full 
SQFT (H&C): 883
MLS# 789478There 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.
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Listed By / Shown By
Listed By
Agency Name: Berkshire Hathaway HomeServices Beach Properties of Florida
Shown By
Agency Title: Beachy Beach Real Estate
Agency Phone: 850-233-4351
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5115 Gulf Drive, Unit 404 | MLS# 789478
This condo located at 5115 Gulf Drive, Unit 404, Panama City Beach, FL 32408 is currently listed for sale with an asking price of $385,000. This property was built in 2006 and has 1 bedrooms and 2 full baths with 883 sq. ft. Gulf Drive, Unit 404 is located in the Seychelles Resort Condominium subdivision. Search Seychelles Resort Condominium real estate on www.beachybeach.com today.