For SaleRisky Deal8 days on market
6422 Highway 98 Unit 506
6422 Highway 98 Unit 506, Panama City Beach, FL 32407, Panama City Beach, FL 32407
$599,000
Estimate®:$577,900
Listing Price
6422 Highway 98 Unit 506, Panama City Beach, FL 32407
Loc: Panama City Beach, FL
Days Listed
8
Tax Assessed
$488k
Estimate®
$578k
Market Rate
Rent Estimate
$2,742/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
Breakfast Point Academy
PK-8
4 mi away
4
J.R. Arnold High School
9-12
4 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
modern luxuryhigh-risespacious balconyoutdoor kitchensunset viewwaterfront propertycontemporary furniturecoastalstuccoopen-air livingpanoramic vistasupscalearchitectural concreteserene atmosphere
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.90%
Total ROI
21.9%
Cash Flow
$-1,660/mo
DSCR
0.47
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,660/mo net cash flow with a 2.9% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Panama City Beach, FL
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-17 | Listed for sale | $599,000 | $313 |
| 2019-12-23 | Listing removed | $374,375 | $195 |
| 2019-11-18 | Listed for sale | $374,375 | $195 |
| 2019-05-10 | Listing removed | $367,500 | $192 |
| 2019-05-07 | Listed for sale | $367,500 | $192 |
| 2019-05-07 | Pending sale | $367,500 | $192 |
| 2019-05-07 | Price change | $367,500 | $192 |
| 2019-04-05 | Listed for sale | $358,955 | $187 |
| 2019-03-08 | Listing removed | $3,000 | $2 |
| 2019-02-14 | Listed for rent | $3,300 | $2 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $6,043.67 | $488,345 |
| 2024 | $5,870.56 | $447,398 |
| 2023 | $5,691.38 | $406,725 |
| 2022 | $4,316.65 | $369,750 |
| 2020 | $3,648.85 | $296,650 |
| 2019 | $3,671.3 | $294,737 |
| 2018 | $3,671.3 | $310,250 |
| 2017 | $3,923.41 | $303,450 |
| 2016 | $3,864.22 | $324,700 |
| 2015 | $4,325.34 | $324,700 |
| 2014 | $4,325.34 | $324,700 |
| 2013 | $0 | $324,700 |
| 2012 | $0 | $327,400 |
| 2011 | $0 | $327,400 |
| 2010 | $0 | $394,205 |
| 2009 | $0 | $394,205 |
| 2008 | $0 | $511,955 |
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