$9,369

closing credit¹

512 Dement Cir Apt C Panama City Beach, FL 32407

$789,000
5 beds
4 full, 1 partial
2,394 sqft
0.03 acres
$330 / sqft
Townhouse

Property details

About 512 Dement Cir Apt C

Immerse yourself in the art of refined coastal living while capitalizing on impressive income potential in this luxurious, income-generating townhome in the heart of Panama City Beach. Just a four-minute walk to powdery white sands, this 5-bedroom, 4.5-bath retreat effortlessly combines sophisticated design with the ease of short-term rental readiness. Perfectly positioned off Front Beach Road, this property boasts Gulf views, a private elevator, and quick access to Panama City Beachs top-tier dining, entertainment, and vibrant lifestyle. A shared pool area with sun loungers invites relaxation, while an attached garage offers essential storage and added convenience. 512 Dement Circle is perfect for someone looking for a Primary Residence, Second Home, or Income Generating Vacation Rental Property. Every detail has been meticulously crafted to maximize appeal and value. The beach-inspired interiors are elevated with custom tilework, bold quartz countertops, and gleaming stainless steel appliances, creating a timeless, upscale ambiance that guests adore. The top-floor primary suite, complete with a private Gulf-view balcony and an indulgent spa-like ensuite with a freestanding soaking tub, promises a serene escape. Each of the additional bedrooms is thoughtfully designed, including the second-floor suite with its own private bath, ensuring a boutique experience for guests and homeowners alike. At the heart of this residence is a luminous open-concept living space, where a sunlit great room flows seamlessly into a chefs kitchen and elegant dining areaideal for hosting. A private elevator provides easy access to every level, enhancing convenience and accessibility for all. Fully furnished and turn-key, this townhome stands as a true rental powerhouse with a solid track record of revenue generation. For investors seeking a high-return, low-maintenance beachfront property, this is a premier choice with enduring appeal in one of Floridas most desirable rental markets. Seize this opportunity to own a luxurious, income-generating asset that combines the best of coastal living with financial gain with enduring appeal in one of Floridas most desirable beachfront destinations. Call today to schedule your private showing!

Highlights

Home typeTownhouse
HeatingCentral
StatusActive
CoolingCentral Air
Size2,394 sqft
Lot size0.03 Acres
Year built2007
ParkingGarage, Covered, See Remarks
MLS #962696
Attached garage1 space
ViewGulf

Summary

  • MLS Number: 962696
  • MLS Name: Emerald Coast Association of REALTORS®
  • Office Name: EXP Realty LLC
  • Office Email: fl.admin@exprealty.net
  • Listing Agent: Rachel N Warrell

IDX Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 11:50:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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aerial view at dusk featuring a water view

$789,000

512 Dement Cir Apt C

$9,369

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Oct 04, 2021
Home Sold
$520,000

Tax history

YearAssessmentProperty Tax
2023$528,021$6,281
2022$425,122$4,842
2021$237,584$4,842

History based on county public records data.

Nearby schools

5

Hutchison Beach Elementary School

Public District KG-5

2.1 mi

12900 Hutchison Blvd

7

Patronis Elementary School

Public District KG-5

2.8 mi

7400 Patronis Dr

3

Lucille Moore Elementary School

Public District PK-5

6.1 mi

1900 Michigan Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $76,250. The most common annual income of people living in Panama City Beach, FL is between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

11%
<35k
57%
35k-100k
30%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

53%
Single, No Kids
4%
Single, with Kids
36%
Married, No Kids
7%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

7%
<11 yrs old
3%
12-17 yrs old
13%
18-34 yrs old
42%
35-64 yrs old
35%
65+ yrs old

What do the neighbors do for fun?

  • Figure SkatingFigure Skating
  • NASCARNASCAR
  • College FootballCollege Football

Where do the neighbors shop?

  • KmartKmart
  • Dollar GeneralDollar General
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • Bob EvansBob Evans
  • Cracker BarrelCracker Barrel
  • SonicSonic

What do the neighbors drive?

  • BuickBuick
  • RamRam
  • KiaKia

What do the neighbors listen to?

  • OldiesOldies
  • Classic CountryClassic Country
  • New CountryNew Country
All data provided by Home Junction and Claritas

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Frequently asked questions

About 512 Dement Cir Apt C

This home is located at 512 Dement Cir Apt C in Panama City Beach, FL and zip code 32407 in the Lafrey Townhouses neighborhood. This 2,394 square foot home, which was built in 2007, sits on a 0.03 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 8, 2024 and is currently priced at $789,000.

Over 3 listings were sold over their listed price in January 2025 in Panama City Beach, FL. In the same period over 69 listings were sold below the listed price and 10 listings were sold for the listed price. In January 2025 in Panama City Beach, FL there were 6.9% more homes for sale than in December. Listings spent 101 days on the market in January 2025, and had a median list price of $450,216 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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