* * * Investor Special * * * in the prestigious, gated community of Bay Point. One-bedroom, one-bath condo located in Legends Villas, offering a rare opportunity to purchase at a very low price and complete a full renovation to your own design and taste. Unit currently has no kitchen or appliances and requires a total renovation, making it ideal for investors or buyers seeking a value-add project. Prime setting near water features and the first hole of the Nicklaus Golf Course. Bay Point features 24-hour security, championship golf, full-service marina, tennis courts, and is minutes to Panama City Beach, shopping, dining, and Tyndall AFB. Excellent upside potential in a highly desirable community. If you're seeking a low-entry-price renovation project with strong equity potential, this Legends Villas condo presents a compelling opportunity to buy right, renovate, and maximize returns in a premier gated community. Bring your vision and your contractor to check out this opportunity today!
CondoProperty Type
1974Year Built
$156Price/Sq.Ft.
$467/moHOA Dues
1 spaceParking
Listed by Cindy Mijangos• Christies International Real Estate Emerald Coast
Bought with Cindy Mijangos• Christies International Real Estate Emerald Coast
Est. $1,449 per month, based on comparable rentals
Sale and tax history for 4725 Bay Point Rd #168
Sale History
Tax History
Date
Event
Price
ECAR #998519
Mar 20, 2026
Sold
$140,000
$156/sq ft
Mar 20, 2026
Listed
$169,900
$189/sq ft
CPARMLS #784446
Mar 18, 2026
Sold
$140,000
$156/sq ft
Feb 19, 2026
Price Changed
$149,000
$166/sq ft
Jan 30, 2026
Listed
$169,900
$189/sq ft
+6
* * * Investor Special * * * in the prestigious, gated community of Bay Point. One-bedroom, one-bath condo located in Legends Villas, offering a rare opportunity to purchase at a very low price and complete a full renovation to your own design and taste. Unit currently has no kitchen or appliances and requires a total renovation, making it ideal for investors or buyers seeking a value-add project. Prime setting near water features and the first hole of the Nicklaus Golf Course. Bay Point features 24-hour security, championship golf, full-service marina, tennis courts, and is minutes to Panama City Beach, shopping, dining, and Tyndall AFB. Excellent upside potential in a highly desirable community. If you're seeking a low-entry-price renovation project with strong equity potential, this Legends Villas condo presents a compelling opportunity to buy right, renovate, and maximize returns in a premier gated community. Bring your vision and your contractor to check out this opportunity today!
CPARMLS #504428
Dec 14, 2021
Listing Removed
—
Mar 7, 2012
Listed
$65,000
$72/sq ft
CPARMLS #649500
Aug 7, 2017
Sold
$110,000
$122/sq ft
Aug 15, 2016
Listed
$114,900
$128/sq ft
CPARMLS #605957
May 31, 2013
Sold
$55,000
$61/sq ft
Feb 1, 2013
Listed
$65,500
$73/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$870 (+3.9%)
2024
$837 (+2.7%)
2023
$815 (+11.1%)
2022
$733 (+0.7%)
2021
$728 (−12.9%)
$95,200
2020
$836 (+4.2%)
$65,450
2019
$802 (−30.0%)
$61,880
2018
$1,147 (+27.1%)
$88,400
2017
$902 (+15.0%)
$76,500
2016
$784 (+12.6%)
$61,200
2015
$696 (−21.9%)
$49,725
2014
$891
Public record
Beds
1
Baths
1
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
1974
Sq. Ft.
900
Year built
1974
Style
Condo/Co-op
County
Bay County
APN
31416216000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 18, 2026.
Property details
Parking
Parking Information
# of Street Spaces: 1
Interior
Bedroom Information
# of Bedrooms: 1
Master Bedroom Information
Master Bedroom Level: First
Bathroom Information
# of Bathrooms: 1
# of Baths (Full): 1
Living Room Information
Living Room Level: First
Flooring Information
Flooring: Tile
Room Information
# of Rooms: 3
Heating & Cooling
Has Cooling
Cooling: Central Air
Room 1 Information
Room 1 Type: Master Bedroom
Room 1 Level: First
Room 1 Length: 14.0
Room 1 Width: 11.0
Room 2 Information
Room 2 Type: Living Room
Room 2 Level: First
Room 2 Length: 20.0
Room 2 Width: 15.0
Room 3 Information
Room 3 Type: Full Bathroom
Room 3 Level: First
Room 3 Length: 8.0
Room 3 Width: 6.0
Exterior
Building Information
Total Building Area (Sq. Ft.): 900.0
Building Area Source: County PA Records
# of Stories in Unit: 1
Pool Information
Pool Type: None
Style
Architectural Style: N/A
Year Built
Year Built: 1974
View
View: Gulf
Waterfront Information
Waterfront Property
Waterfront Features: Gulf
Financial
Tax Information
Tax Annual Amount: $869.72
Tax Year: 2025
Utilities
Utility Information
Energy Features: AC - Central Elect
Utilities: Electric
Location
HOA Information
Has Association
Association Fee Includes: Maintenance Grounds
Fees Include: Ground Keeping
School Information
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Community Information
Subdivision Name: BAY POINT STUDIO VILLAS 3 CONDO
Community Features: Waterfront
Public facts
Beds: 1
Baths: 1.0
Sq. Ft.: 900
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: 1974
Year Renovated: 1974
County: Bay County
APN: 31416216000
Home facts updated by county records on Jun 18, 2026
Around this home
Schools
Patronis Elementary School
Public K-5 • Assigned • 2.8mi
9/10
Surfside Middle School
Public PreK-12 • Assigned • 8.7mi
7/10
J.R. Arnold High School
Public 9-12 • Assigned • 6.6mi
4/10
Provided by GreatSchools
Climate risks
8/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 106° expected this year, 21 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Panama City, FL • 32408
Average low and high temperatures (°F)
60
45
67
54
73
59
78
65
82
72
88
77
90
80
88
77
87
75
81
66
74
60
66
51
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.6 hours in
June and 5.7 hours in December, placing it above the
U.S. average for solar exposure.
9.6 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$140,000 – $170,000
Sell confidently with a local market expert in Panama City.