$664,000
Reduced $61,000 from the original list price of $725,000
Gulf front · Fully furnished · Short-term rental allowed
Gulf and sand shoreline view · additional parking, no garage, paved, parking lot, RV access parking · Currently tenant-occupied
E1-1208 is Back on Market (simply due to Buyer financing). Now's your chance to get this Edgewater Penthouse at a GREAT deal. Highly Motivated Seller! Enjoy spectacular Gulf-front views from this unique two-story condominium in the prestigious Tower I at Edgewater Beach & Golf Resort. Located on the 12th floor, this 3-bedroom, 3-bath residence features an interior staircase and private balconies on both the 12th and 13th floors, offering panoramic views of the Gulf of America, Sugar-White Beach Sand, Edgewater's main Lagoon Pool Deck, and resort grounds. One of the resort's most desirable floor plans, the main level includes two bedrooms, two bathrooms, an open living area, and a beachfront balcony. Upstairs, a private third bedroom suite with a full bath opens to a large penthouse-style balcony. Floor-to-ceiling windows fill the unit with natural light and showcase stunning Gulf views. Whether you're seeking a primary residence, vacation home, or investment property, Unit 1208 offers an exceptional opportunity to own in Panama City Beach's premier full-service resort. Edgewater owners and guests enjoy outstanding amenities, including the 11,500-square-foot Lagoon Pool, 13 additional pools, private beach access, tennis and pickleball courts, a 9-hole golf course, fitness center, spa, on-site dining, market, Starbucks, and 24-hour gated security. Edgewater Tower 1-1208 is currently enrolled in the Southern Vacation Rentals program and has a strong rental history. Buyer must honor all confirmed reservations. *See Documents for Southern Vacation Rental History and Future bookings. E1-1208 generated over $40K in 2025 (with 44 Owner Nights). For 2026, it already has over $44K base rental income on the books (with 28 Owner Nights), and plenty of availability left for additional bookings to fill in as we roll through Q3 & Q4 2026; on pace for likely $50K+ total 2026 rental income. *Downstairs is 1055 sqft like all units in the '08 stack directly below, but this penthouse unit also has approx 200+ additional interior sqft upstairs with 3rd bedroom and 3rd bathroom. Buyer to verify all measurements. Thanks!
Interior Features: Soaking Tub, Tub Shower
Appliances: Electric Water Heater, Ice Maker
Association Amenities: Beach Rights, Spa Hot Tub
Pool: Gunite, Electric Heat, In Ground, Community
Security: Building Security, Fire Sprinkler System, Twenty Four Hour Security, Security Service
Heating: Central, Electric
Cooling: Central Air, Ceiling Fans
Architectural Style: High Rise
Square Footage Source: Owner
Listed by James R Holt, RC Real Estate Group · richardholtpcb@gmail.com
