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About This Home

This 2-bedroom, 2-bathroom condo at 301 Lullwater Drive in Panama City Beach, FL is listed for $290,000 ($266 per sqft). Built in 1984, the home offers 1,089 sqft of living space on a N/A lot.

Agent Description

Welcome to Lullwater Beach Unit 411, ideally situated just steps away from the beach! This recently updated, freshly painted, and fully furnished 2-bedroom, 2-bath condo offers the perfect combination of coastal charm and strong investment potential. The property already has over $18,000 in secured future bookings for 2026, with projected gross rental income estimated to reach approximately $40K by the end of the year.

Tastefully furnished and rental-ready, this condo comfortably sleeps up to 6 guests and features an updated kitchen with newer appliances, luxury vinyl plank flooring throughout the living room, kitchen, and bedrooms, along with tile flooring in both bathrooms.

Both bathrooms have been upgraded with beautifully tiled showers. Additional improvements include a newer HVAC system (2022), washer and dryer (2023), and water heater (2022). Enjoy relaxing by the community pool or taking in tranquil lake views from your private back porch overlooking Lullwater Lake.

Located less than half a mile from Pier Park, about one mile from Frank Brown Park, and only minutes from dining, shopping, and entertainment, this property is an excellent option for a vacation home, primary residence, or income-producing rental. The Lullwater community has recently undergone extensive exterior upgrades, including new siding, roofs, decks, and staircases.

Owners also benefit from ample parking and a pet-friendly environment. This turnkey beach retreat is a fantastic opportunity in one of Panama City Beach's most convenient and desirable locations.

Key Features

  • Built in 1984
  • Waterfront

Property Details

2 full
#411
1984

Amenities

WaterfrontViewA/C

Monthly Cost Estimate

$1,551/mo

20% down · 6.5% · 30 years

Principal$210
Interest$1,257
Insurance$85

Estimates only. Actual payments may vary.

Location

301 Lullwater Drive

Panama City Beach, FL 32413

Lullwater Beach

Features & Amenities

Interior Features

InteriorSteps

Exterior Features

BarbecueDockOutdoorShower

Property Details

Construction

VinylSiding

Views

Lake

Parking

Parking Lot

Heating

Electric (Heating)Central

Cooling

Ceiling Fan(s)Central Air

Appliances

WasherDryerStackedElectricRangeElectricWaterHeater

Questions & Answers

This 2-bedroom, 2-bathroom condo at 301 Lullwater Drive is listed at $290,000 ($266/sqft). The estimated monthly payment is $1,257 based on 20% down at 6.5% interest.

Key features include: Built in 1984, Waterfront. Interior Features: InteriorSteps. Exterior Features: Barbecue, Dock, OutdoorShower.

This property is listed by Maxim Sedov and can be reached at 8503195725 or homesbymaxim@gmail.com.

MS

Maxim Sedov

Agent at Keller Williams Success Realty

(850) 319-5725

Listed by Keller Williams Success Realty · View on Broker Site

MLS# 789820· Source: listhub· Updated 19 days ago

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

301 Lullwater Drive, Panama City Beach, FL 32413

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