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3323 Nautical Drive
Panama City, FL 32409
$549,655
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2468
Property Description
Nestled within the prestigious Kirkland Manor community, a mere stone's throw from Lynn Haven, this exquisite 3 bedroom 3 bathroom plus home office brick home embodies the essence of Southern living. With its custom finishes and meticulous attention to detail, this spacious property offers an unparalleled blend of luxury and comfort. Upon entering through the inviting foyer, the warmth of new custom flooring and tile sets the tone for the open floor plan, seamlessly connecting the living spaces. Crown molding, tray ceilings, and the open layout infuse charm and character into every corner, enhancing its timeless appeal.The heart of the home, the gourmet kitchen, beckons with granite countertops, a beautiful backsplash, custom cabinets, pantry, breakfast bar, and a cozy eat-in kitchen area. Entertaining is effortless with a formal dining room, an office for productivity, and a large family room for gatherings. Retreat to the expansive master suite and indulge in the serenity of the master bathroom, offering generous proportions and upscale amenities for ultimate relaxation. Outside, the screened-in back porch overlooks the expansive backyard, providing ample room for a pool and creating a private oasis perfect for enjoying the serene surroundings.With an attached two-car garage and a gated RV or boat pad, along with premium finishes and fixtures throughout, this home is impeccably maintained and move-in ready. For the boating enthusiast, this property is ideally located just minutes from public boat ramps at Deer Point Lake and the pristine North Bay, which leads to the Gulf of Mexico and the white beaches of Shell Island. Don't miss the opportunity to make this exceptional property yours. Schedule a showing today and experience the timeless allure of Southern living combined with the comforts of modern luxury.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2005
MLS Number
757876
Location
Address
3323 Nautical Drive
City
Panama City
State
FL
Zip Code
32409
County
BAY (WEST)
Listing
Provider
Counts Real Estate Group Inc, original listing
Name
Counts Real Estate Group Inc
Phone
(850) 249-3615
Office Name
Counts Real Estate Group Inc
Office Phone
(850) 231-1483
Agent Name
Mark Cowart

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.