113 Grove Isle Blvd, Panama City Beach

Bay County Real Estate - Panama City Beach

Panama City Beach, positioned along Florida's gulf coast, has been called the "spring break capital of the world," attracting tens of thousands of college and high school students every year. In the early 2000s, high-rise condominiums and larger homes replaced small houses and run down motels, boosting the city's real estate market at the time. The City's white sand beaches, shopping, and numerous tourist attractions attract more than just spring breakers. Visitors of all ages frequent the city year round.

Panama City Beach is in North West Florida. It's population as recorded in the 2010 Census was 12,018. Panama City Beach is approximately 9 miles from Panama City (population 36,484) and around 51 miles from Fort Walton Beach (population 19,507).

The median age for residents of Panama City Beach is 40.9. Around 23.9% of Panama City Beach households include school aged children and 25.4% of households include individuals aged 65 years or over. Census records indicate 89.5% of the Panama City Beach population are White, 2.2% are Black or African American, .5% American Indian, 2.7% Asian and 3% are Two or more Races.

There are 17,141 housing units in Panama City Beach. 11,724 (68.3%) of these were reported as vacant in the 2010 Census. Panama City Beach is a tourist destination, 49% (5,746) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 7,028 residential rental units in Panama City Beach. 2,532 of them were occupied in 2010 providing a residential rental vacancy rate of 62.7%.

Panama City Beach links:

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Bay County

Bay County is part of the Northwest Florida region, along with Santa Rosa, Escambia, Walton, Holmes, Jackson, Washington, Okaloosa, Calhoun, Liberty, Gulf, Franklin, Gadsden, Leon, Jefferson, and Wakulla counties. The largest industries by employment for Bay County are educational, health and social services; retail trade, and arts, entertainment, recreation, accommodation and food services. Bay County's white sand beaches and clear blue waters attract many visitors year round.

Top private sector employers in Bay County are Bay Medical center, Wal-Mart, Eastern Ship Building, Gulf Coast Medical Center, and Smurfit- Stone Container Corporation. Major public sector employers are Tyndall Air Force Base, Naval Support, Bay District schools, Gulf Coast State College, City of Panama City, Bay County Board, and Bay County Sheriff. Cities and towns in Bay County include Callaway, Lynn Haven, Mexico Beach, Panama City (county seat), Panama City Beach, Parker, and Springfield.

Neighboring Properties

AddressTypeSq FtClass 
115 Grove Isle Blvd Single Family 2,827 B
111 Grove Isle Blvd Single Family 2,735 B
112 Royal Palm Blvd Single Family 2,561 B
110 Royal Palm Blvd Single Family 2,979 B
114 Royal Palm Blvd Single Family 2,543 B
117 Grove Isle Blvd Single Family 2,821 B
109 Grove Isle Blvd Single Family 2,806 B
108 Royal Palm Blvd Single Family 2,329 B
116 Royal Palm Blvd Single Family 2,439 B
112 Grove Isle Blvd Single Family 3,134 B
107 Grove Isle Blvd Vacant Residential 0 L
106 Royal Palm Blvd Vacant Residential 0 L
114 Grove Isle Blvd Single Family 3,114 B
106 Grove Isle Blvd Single Family 3,013 B
104 Royal Palm Blvd Single Family 0 B
119 Grove Isle Blvd Single Family 2,775 B
102 Royal Palm Blvd Single Family 3,341 B
105 Grove Isle Blvd Single Family 0 B
118 Royal Palm Blvd Single Family 2,543 B
113 Royal Palm Blvd Single Family 2,372 B
111 Royal Palm Blvd Single Family 2,466 B
115 Royal Palm Blvd Single Family 2,753 B
8218 Grand Bay Blvd Single Family 3,048 B
116 Grove Isle Blvd Single Family 3,111 B
118 Grove Isle Blvd Single Family 2,664 B
102 Grove Isle Blvd Single Family 2,846 B
109 Royal Palm Blvd Single Family 2,418 B
161 Palm Grove Blvd Single Family 2,733 B
8220 Grand Bay Blvd Single Family 3,243 B
8216 Grand Bay Blvd Single Family 0 B
117 Royal Palm Blvd Single Family 0 B
120 Royal Palm Blvd Single Family 3,114 B
8300 Palm Garden Blvd Single Family 2,651 B
107 Royal Palm Blvd Single Family 4,345 B
162 Palm Grove Blvd Vacant Residential 0 L
100 Grove Isle Blvd Single Family 3,020 B
236 Hidden Pines Dr Single Family 2,208 B
159 Palm Grove Blvd Single Family 3,133 B
121 Royal Palm Blvd Single Family 2,210 B
119 Royal Palm Blvd Single Family 2,762 B
234 Hidden Pines Dr Single Family 2,070 B
238 Hidden Pines Dr Single Family 2,103 B
8301 Palm Garden Blvd Single Family 3,741 B
180 Treasure Palms Dr Single Family 1,888 B
8222 Grand Bay Blvd Single Family 3,032 B
232 Hidden Pines Dr Single Family 1,997 B
182 Treasure Palms Dr Single Family 1,896 B
716 Royal Palm Rd Single Family 1,870 B
240 Hidden Pines Dr Single Family 2,468 B

Local Household Income

The median household income in this part of Florida is $57,128. The bottom 10% of the population earn less than $18,447 per year. The top 10% earn more than $136,019 per year. The top 1% earn more than $426,588 per year. Most renters earn between $29,172 (20th percentile) and $54,264 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $114,256 and $142,820.

The tax assessed value of this property places it in percentile 94 of all properties in this area. This suggests it would appeal to someone earning around $165,141 per year who should qualify for a mortgage between $330,282 and $412,853.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $937. Most renters earn between $2,431 and $4,522 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $665 (20th percentile) to $1,275 (80th percentile) range. The residential vacancy rate is 18%.

This property falls in percentile 94 of all properties in this area. This corresponds to a rent of $1,666 per month and a monthly household income of $5,906 ($70,872 per year)

Nearby Companies

Dlm Contractors, Inc.
120 Royal Palm Blvd
Disclaimers and Disclosures

Public Records Data

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