Chapman wants to develop one of those properties. Some of the residents' concerns were about road issues that would come up as large trucks move in and out during construction, the fact the Chapman wouldn't be required to pay toward the homeowner association and the fact that Chapman hadn't held formal discussions with the residents of that area.Īccording to Commissioner Philip Griffitts, the original developer in the 1980s excluded big parcels from HOA enforcement, so they couldn't charge an assessment on those properties. More: Does Panama City Beach need more police for better protection? City leaders say yes.Ĭhapman's plan for combining the two areas is to develop a 140-unit, mixed-use condo at Bay Point. Joe Company holds press conference to discuss Bay Point Marina progress The discussion came after the Community Development Department asked the commission to approve a text and map amendment for the Bay Point Development of Regional Impact (DRI) adopted by reference into the Bay County Comprehensive Plan. The proposed amendment removes the current development program authorized for areas on the map owned by the applicant, David Chapman, and combines two areas into a larger area. The benefits of condo ownership may also include amenity-rich facilities and views that would cost a fortune to have in a single family home on the beach.PANAMA CITY - Some residents of Bay Point have expressed concerns about how a planned condo project might affect their neighborhood.ĭuring a recent Bay County Commission meeting, several residents voiced their worries, ranging from construction damage to roads to the 100-foot height of the proposed condo. Most condos HOA's provide water, sewer, trash, security, flood/hazard insurance, and sometimes electric and cable too! This consolidation of payments with lower rates single family homeowners are paying is extremely attractive for those looking for a low upkeep 2nd home. With financing laws making it progressively easier to acquire condotel financing, these vacation homes are becoming increasingly popular for families with kids and grandchildren. In Panama City Beach, condos have become a way of life for locals and 2nd home owners alike.
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Good news for Buyers looking to be closer to Pier Park and the West end Panama City Beach, the majority of the newer condominiums projects expanded this direction as well giving way to a shopping and condo experience any family is sure to love.
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These all offer breathtaking views of the Gulf with amenities that will have buyers rethinking their trip home. The flood of newer condos like Calypso Towers and Resort, Aqua, Seychelles, Edgewater Resort and Splash have attracted more luxury clientele for condo sales as well as vacationers. Andrew's Bay that borders nearby Panama City, FL. Where to Find Panama City Beach FL CondosĬondos for sale can be found along the 27 mile beachfront of the Gulf of Mexico and even north along the St. With Highway 98 to the North and Highway 79 and Highway 331 to the West, Panama City Beach condos are driving distance to just about every major city in the South. Boasting one of the first cities to see home values increase, the Panama City Beach condo market has steadily appreciated every year since. Condos prices nearly quadrupled during the peak of the real estate condo boom, which led to hungry investors eager to find a good deal.Īfter 2007, prices stabilized in the condo market and Panama City Beach real estate began its resilient climb almost immediately in 2008. These new additions still draw people to this area by the millions during Summer and allow vacationers to choose the experience they want during their stay. Thanks to a mid-2000s construction boom, this quaint vacation town rapidly became a developers playground replacing the old, beach motels and concrete block beach cottages into amenity-rich condominiums and luxury waterfront homes. The southern states and their inhabitants have staked their claim on this easily accessible vacation destination garnering visitors from Nashville, Atlanta, and even snowbirds fleeing from New York. With all of this attention and opportunity, its no wonder that buyers searching for a vacation home have lots of real estate options to consider. Panama City Beach Condos dot the 27 miles of beachfront representing over 100 different condo complexes. Create a custom Calypso Resort search now! Panama City Beach Florida Condos Want to narrow your Calypso Resort & Tower Search?ĭo you have particular criteria you're looking for in a condo? Use our custom search feature to narrow your search to just the listings that fit your needs.