what are the standard HOA fees on a condo in panama city(on beach)?

Asked by Connie Halal, Port Saint Joe, FL Tue Mar 8, 2011

fee could be a deal breaker and they are never listed

Help the community by answering this question:

+ web reference
Web reference:


Karen Oliver, Agent, Panama City Beach, FL
Tue Mar 8, 2011
Hi Connie,
The average monthly condo assoc. fees for a typical 3 bedroom beach front condo located in Panama City Beach is $500. It sounds very high if you've never owned one before BUT when you consider that it pays your water front insurance, all exterior building maintenance, all grounds and landscaping, water, sewer, trash removal, basic cable, management
fees, building exterior grounds utilities and actually others items as well. If you pay for all these items yourself you would spend more than that individually. Condos fees cover a lot more expenses than you might think.
If you would like any info please feel free to contact me!
Karen Oliver with Pelican Real Estate
3 votes
John Adams, Both Buyer And Seller, 72762
Mon May 28, 2012
I found that the following realtor site list HOA fees in its details. http://www.emeraldcoastrealestatesearch.com/
1 vote
Steve Butler, Agent, Panama City, FL
Tue Mar 8, 2011
Connie -

Condominium association fees vary from complex to complex. They are usually a measure of shared costs, such as maintenance, insurance, up-keep of common areas, certain utilities, association management and other ongoing costs pertinent to the development. Typically, an owner’s costs are apportioned based on their unit’s size in comparison to the other condominiums in the complex. Always inquire as to a complex’s fees, as they are generally readily available and always influence your investment decision.

In considering any condominium as a potential investment, one should consider all the potential costs, including assessments for special needs – costs additional to reoccurring association fees. These are often repair or maintenance items that manifest occasionally over time. While good management generally anticipates such costs, including them in the ongoing fees, sometimes such needs crop up requiring more immediate attention than originally projected.

Also, don’t just consider current costs – look at any historical data available. This will provide solid information as to trends, how quickly costs have risen, the frequency of assessments, etc. Also, critical to any condo investment is the association’s delinquency rate for non-payment of dues and assessments, and the timing of owners’ payments. Do owners routinely meet their payment deadlines, allowing for a more seamless administration of the complex’s operation? The relative affordability of a complex often speaks to how well-managed its association is and how responsible its owners are.

In considering your personal investment wishes, look first at your overall budget – up-front cash available for down payment and closing costs, and what you might afford on an ongoing monthly basis. Measure this against anticipated purchase costs, marketability as a resort rental, association fees and expenses. The result should speak to your investment appetite and what you can comfortably afford.

Finally, if you have a complex in mind, start there. Gather the requisite information to make an informed decision, determining if it’s within your budget. Then work outwardly from there, redirecting your criteria as necessary, considering condominiums that fit those parameters. And it is a good time to investigate, as inventories are up and prices are down – currently providing a much better affordability index.

Please let me know if you require more information or have any questions. Thank you and good luck!

Steve Butler
ERA Neubauer Real Estate, Inc.
Panama City/Panama City Beach, Florida
0 votes
I am looking at Sterling Breeze and Seychelles 1 BR/ 2 Bath. Cash deal for a Trust. Will be rental unit. Have most info from Seychelles HOA fees etc. Can't find the info I need to make a determination regarding the Sterling Breeze. IE: HOA fees . Do they pay utilities as does Seychelles from their monthly or quarterly HOA fees? As it stands now, the Seychelles on the East end looks to be a fair ROI. Rentals seem strong and the HOA is in good financial order. Rental seems stronger as well. Not real fond of Wyndom management, however. Any suggestions.
Flag Sun Jul 2, 2017
Mia Pankey, , Panama City, FL
Tue Mar 8, 2011
Great Question Connie..
As everyone has already mentioned, they range depending on size, age, and ammenities of a development. What range would you like to stay within? I can send you listings of ONLY those that fall within your budget..:) Hope to hear from you!
0 votes
Kelly Klein, Agent, Santa Rosa Beach, FL
Tue Mar 8, 2011
Dear Connie,
There are no standard condo fees. Each unit has their own. Most are based on the square footage of the unit and at a few select complexes all owners pay the same amount regardless of the size of their unit. When looking for a condo at the beach you will want to use a buyer's representative like myself who can assist you with the cost of ownership up front. First and foremost the condo market is a special market and not all condos are qualified for financing. You may be as the buyer, but the complex itself may fail to qualify as a good investment due to the number of deliquencies in the complex or foreclosures, etc. There is a whole host of possible scenarios. This is where my local knowledge can be of great help to a condo buyer like yourself.

First and foremost, are you a cash buyer or plan on getting a loan from a local lender? In either case you will need either proof of funds or a prequalification letter. Condos require 25% down in cash to purchase so even on a purchase of $100,000 you will need $25,000 for the down payment and an additional $7,000 in closing costs (estimated) to close the deal. I know where there are some terrific deals right now and would love to help you with your condo purchase.
Warmly yours, Kelly Klein
0 votes
Judy Gilman, Agent, panama city beach, FL
Tue Mar 8, 2011
hoa fees are different for each complex and cover different expenses and some are different for each type of unit. Generally gulf front condos range from $ 300 to $ 500 per momth. If you are not gulf front it ranges from $ 150 today $ 300 perd month. If you have any other questions or need specific information feel free to contact me by email or phone.

J udyGilman, Realtor
Web Reference:  http://beachwayrealty.com
0 votes
Bubba McCants, Agent, Panama City Beach, FL
Tue Mar 8, 2011
Anywhere from $300-$600 a month on average.
Web Reference:  http://www.donandbubba.com
0 votes
Theresa Black, Agent, Panama City Beach, FL
Tue Mar 8, 2011
They really vary from property to property. I would be happy to look into any condos for you. Thank you
0 votes
What are h/a fees for splash condos. I am looking at one on the 6th floor
Flag Tue Feb 2, 2016
Search Advice
Ask our community a question

Email me when…

Learn more