206 Randy Rd, 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%.
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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
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 204 Randy Rd | Single Family | 1,848 | B |
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| 208 Randy Rd | Single Family | 1,577 | B |
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| 209 Palm Cir | Single Family | 1,838 | B |
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| 211 Palm Cir | Single Family | 1,946 | B |
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| 202 Randy Rd | Single Family | 1,130 | B |
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| 207 Palm Cir | Single Family | 1,957 | B |
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| 407 Arnold Rd N | Vacant Commercial | 0 | L | |
| 207 Randy Rd | Vacant Residential | 0 | L | |
| 405 Arnold Rd N | Vacant Commercial | 0 | L | |
| 209 Randy Rd | Single Family | 2,600 | B |
|
| 205 Randy Rd | Vacant Residential | 0 | L | |
| 403 Arnold Rd N | Vacant Commercial | 0 | L | |
| 205 Palm Cir | Single Family | 1,584 | B |
|
| 401 Arnold Rd N | Vacant Commercial | 0 | L | |
| 203 Randy Rd | Single Family | 1,767 | B |
|
| 505 Arnold Rd | Private school or college | 2,616 | B |
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| 406 Burnham Ave | Single Family | 2,331 | B |
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| 404 Burnham Ave | Vacant Residential | 0 | L | |
| 402 Burnham Ave | Single Family | 1,881 | B |
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| 507 Arnold Rd N | Office building, non-professional service building, one story | 782 | B |
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| 214 Palm Cir | Single Family | 1,394 | B |
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| 212 Palm Cir | Single Family | 1,635 | B |
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| 509 Arnold Rd | Vacant Commercial | 0 | L | |
| 210 Palm Cir | Single Family | 1,661 | B |
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| 201 Palm Cir | Single Family | 1,362 | B |
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| 400 Burnham Ave | Single Family | 1,569 | B |
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| 511 Arnold Rd N | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 7,440 | B |
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| 208 Palm Cir | Single Family | 2,033 | B |
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| 504 Burnham Ave | Single Family | 1,945 | B |
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| 315 Arnold Rd N | Office building, non-professional service building, one story | 2,427 | B |
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| 401 Burnham Ave | Vacant Residential | 0 | L | |
| 256 Escanaba Rd | Single Family | 1,676 | B |
|
| 403 Burnham Ave | Vacant Residential | 0 | L | |
| 204 Arnold Rd | Vacant Residential | 0 | L | |
| 206 Palm Cir | Vacant Residential | 0 | L | |
| 206 Arnold Rd N | Single Family | 1,513 | B |
|
| 506 Burnham Ave | Single Family | 1,572 | B |
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| 211 Cape Cir | Vacant Residential | 0 | L | |
| 157 Coral Dr | Single Family | 1,583 | B |
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| 164 Heather Dr | Single Family | 1,440 | B |
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| 134 Arnold Rd | Vacant Residential | 0 | L | |
| Arnold Rd | Vacant Residential | 0 | L | |
| 207 Cape Cir | Single Family | 1,672 | B |
|
| 204 Palm Cir | Vacant Residential | 0 | L |
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 60 of all properties in this area. This suggests it would appeal to someone earning around $67,102 per year who should qualify for a mortgage between $134,204 and $167,755.
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 60 of all properties in this area. This corresponds to a rent of $1,012 per month and a monthly household income of $3,700 ($44,400 per year)
Nearby Companies
315 N Highway 79
208 Randy Rd
206 Randy Rd