$852,000
$899,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
1,637 SqFt
SOLD DATE : 06/15/2026
Key Details
Sold Price $852,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,637 sqft
Price per Sqft $520
Subdivision Ocean Ritz
MLS Listing ID 786894
Sold Date 06/15/26
Style High Rise
Bedrooms 4
Full Baths 4
HOA Y/N Yes
Year Built 2006
Annual Tax Amount $9,193
Tax Year 2025
Property Sub-Type Condominium
Property Description
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Experience the best of Gulf-front living and investment potential with this exceptional 4-bedroom, 4-bath penthouse residence at Ocean Ritz, one of Panama City Beach's most sought-after low-density beachfront properties. With only three residences per floor and just 63 condos in the entire building, this property offers privacy, space, and unobstructed views of the Emerald Coast. Located on the 22nd-floor penthouse level, this beautifully furnished and fully rental-ready condo features 1,637 sq. ft. of living space and soaring 10-foot ceilings, a full foot taller than the other floors, enhancing the open and airy feel throughout. The thoughtfully designed floor plan includes four spacious bedrooms and four full baths, highlighted by two Gulf-front master suites with direct balcony access, allowing you and your guests to wake up to panoramic views of the Gulf. The open living and dining area flows seamlessly into a well-appointed kitchen with beautiful granite countertops. Tile flooring throughout provides a clean coastal aesthetic with easy maintenance. Step outside to the oversized Gulf-front balcony,approximately 493 sq. ft., one of the largest on the beach, offering breathtaking views over the sugar-white sands and emerald waters. Whether enjoying morning coffee, outdoor dining, or evening sunsets, this expansive outdoor living space is truly the highlight of this condo. For investors, this property delivers strong rental performance and it is sold fully furnished with future bookings already in place, making it a turnkey opportunity.
An additional standout feature is the premier oversized covered parking space located under the building on the building side, immediately next to the elevators, a rare and highly desirable convenience for owners and guests.
Ocean Ritz amenities include:
* Gulf-front seasonally heated pool
* Hot tub and spa
* Fitness center and sauna
* Outdoor grilling area
* Low-density beachfront living with only 3 units per floor
Situated in the heart of Panama City Beach, Ocean Ritz is just minutes from popular restaurants, shopping, and entertainment while offering direct access to the Emerald Coast's world-famous white sand beaches. Whether you're seeking a high-performing vacation rental investment, a luxurious second home, or both, this penthouse residence offers the ideal combination of location, space, rental income potential, and breathtaking Gulf views.
Location
State FL
County Bay
Community Barbecue, Beach, Elevator, Fitness Center, Pool, Sauna, Waterfront, Community Pool, Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Balcony, Main Level Primary
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s)
Fireplace No
Appliance Electric Oven, Electric Water Heater
Exterior
Pool Electric Heat, In Ground, Community
Community Features Barbecue, Beach, Elevator, Fitness Center, Pool, Sauna, Waterfront, Community Pool, Short Term Rental Allowed
Utilities Available Cable Connected, Electricity Available
Amenities Available Sauna, Spa/Hot Tub
Waterfront Description Gulf
View Y/N Yes
Water Access Desc Gulf
View Gulf, Water
Porch Balcony
Private Pool No
Building
Foundation Pillar/Post/Pier
Sewer Public Sewer
Architectural Style High Rise
New Construction No
Schools
Elementary Schools Hutchison Beach
Middle Schools Surfside
High Schools Arnold
Others
Restrictions Short Term Rentals Allowed
Tax ID 40000-250-058
Security Features Fire Alarm,Smoke Detector(s)
Special Listing Condition Listed As-Is
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