4 Beds
4 Baths
1,637 SqFt
4 Beds
4 Baths
1,637 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,637 sqft
Price per Sqft $610
Subdivision Ocean Ritz
MLS Listing ID 1012043
Bedrooms 4
Full Baths 4
HOA Fees $1,175/mo
HOA Y/N Yes
Year Built 2006
Annual Tax Amount $8,279
Tax Year 2025
Property Sub-Type Condominium
Source Emerald Coast Association of REALTORS®
Land Area 1637
Property Description
The open living and dining areas face the water and extend naturally to the oversized gulf-front balcony. With approximately 300 square feet of outdoor living space and seating for eight, the balcony offers ample room for dining, entertaining or simply taking in the shoreline and the sound of the waves below. Its mid-building elevation rises above much of the surrounding street noise while maintaining a close connection to the gulf.
Luxury vinyl plank flooring runs throughout the residence, creating a cohesive look from room to room. The updated kitchen features quartz countertops, stainless steel appliances, a spacious island with bar seating and an open configuration that keeps the kitchen connected to the main gathering areas. An adjacent dining area comfortably seats eight, providing plenty of space for meals and entertaining. Two gulf-front king suites are among the residence's most distinctive features, each offering panoramic water views and an ensuite bath. Two additional bedrooms each include a queen bed and twin bunks, creating flexible sleeping arrangements for family and guests. Four full bathrooms further enhance the functionality of the floor plan, while an in-unit washer and dryer add everyday convenience.
Offered fully furnished, the residence is well positioned for use as a second home, investment property or a combination of both. Its established short-term rental performance includes more than $112,000 in gross rental revenue in 2025. Year-to-date rental revenue is approximately $100,000, with current projections placing full-year gross revenue at approximately $115,000.
Ocean Ritz provides direct beach access, plus a heated community pool, hot tub, sauna, and grilling area. Restaurants and shops are within walking distance, while Shipwreck Island Waterpark, Pier Park and a wide range of Panama City Beach dining, shopping and entertainment are nearby. With four bedrooms, four baths, two gulf-front suites, an exceptionally large balcony and a proven rental history, this updated residence offers a compelling opportunity along the Gulf of Mexico.
Location
State FL
County Bay
Community Elevators, Exercise Room, Picnic Area, Pool, Waterfront
Area 27 - Bay County
Direction From the intersection of HWY 98 and Richard Jackson, head south on Richard Jackson. Turn east onto Front Beach Rd. Ocean Ritz is on the right - Located inbetween Ocean Villa and Twin Palms. One designated parking spot on the beach side. Overflow parking across the street.
Rooms
Primary Bedroom Level Main
Master Bedroom true
Kitchen true
Interior
Interior Features Ceiling Crwn Molding, Split Bedroom, Washer/Dryer Hookup
Heating Central
Cooling Central Air
Furnishings Furnished - All
Appliance Dishwasher, Microwave, Refrigerator, Stove/Oven Electric, Water Heater - Elect
Exterior
Pool Pool Type
Community Features Elevators, Exercise Room, Picnic Area, Pool, Waterfront
Utilities Available Electric, Public Water, TV Cable
Waterfront Description Gulf
View Gulf
Garage No
Building
Faces From the intersection of HWY 98 and Richard Jackson, head south on Richard Jackson. Turn east onto Front Beach Rd. Ocean Ritz is on the right - Located inbetween Ocean Villa and Twin Palms. One designated parking spot on the beach side. Overflow parking across the street.
Sewer Public Sewer
New Construction No
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
Pets Allowed No
HOA Fee Include Ground Keeping, Insurance, Internet Service, Sewer, Trash, Water
Tax ID 40000-250-033
Schools and Properties Nearby