Take a look at our condo's location …Wow! No one knows Shores like Star RE Agent Karen Marceaux! Registration Fee A fee of $60 plus tax will be collected upon arrival at Shores of Panama. Most if not all buildings also have some general liability and structural insurance policies which are available to all residents for review from the building administration. The pool holds an astonishing 330,000 galloons in its lagoon style. Several condo developments in Panama also offer things like free wireless internet, towel service, icemakers at the pool, and other benefits to owners. This one time charge will provide your party with pool wristbands and 1 parking passes. Jeanne says: November 11, 2008 at 11:53 am. Shores of Panama Resort is located in the heart of Panama City Beach Beach and offers some of the Gulf Coast’s best resort amenities including a beachfront 13,965 square foot lagoon pool and hot tub, 2 tiki bars serving food and cocktails, heated indoor pool and hot tub, fitness center, full spa, beach activities and rental services, high speed internet access and more. Incredible Views from Every Window in this Avenida Balboa Penthouse for Rent in Rivage, Large Country Home For Sale In Cool Climates of Panama’s Mountains, One Bedroom Apartment for Rent in Puerta de Mar Casco Viejo, Cozy Single-Family Home Refreshing Swimming Pool On Private Road, Icon Tower 2-Bedroom Ocean View Condo For Sale Coco del Mar, High Style in this Rivage Penthouse Apartment for sale in Avenida Balboa, Cool Climate Year Round High In the Panamanian Mountains, Cool Climates & Stellar Mountain Views in Altos del Maria, Stunning, Luxurious, Avenida Balboa Rivage Apartment for Sale, Park Lane 3-Bedroom apartment for rent in Costa del Este, Fabulous Furnished One-bedroom Loft For Rent in Cuatro Casas Casco Viejo. All rights reserved. What about Due diligence for new buyers? Menu; Home; Search Tools. So for example, if your Panama condo is 100 meters or roughly 1,080 square feet and the building charges $1.50/meter, then you will be paying $150.00 per month. Cleaning fees are collected at the property and vary per condo unit booked: studio is $80, 1 bedroom is $95, 2 bedroom is $115 and 3 bedroom is $135. These fees are generally calculated based on the size of the individual condo unit multiplied by a set rate that the building association has determined. Other Fees at Shores of Panama Beach Resort. That rate generally varies from $.80 – $3.50 per square meter, or $.07 – $.32 per square foot. Many associations get a handle on reserves 5-7 years after the building conveys. Office: 011 507 320 4310 This unit sleeps 6 and is a rental machine with average income $38k per year. The actual math to understand the Shores of Panama budget is significantly more complicated. View Photo Gallery (41) Saved! It is a matter of opinion and controlled by the association board members. LOCATED IN THE HIGHLY DESIRED EDEN SHORES NEIGHBORHOOD OF HAYWARD, THIS YOUNG, MOVE IN The goal here is to simply break out the budget for the loan. If you go fishing or shopping one day and dont use the facilities, you dont have to pay the $30.40 for that day. Condo rentals and sales. The rates depend on a number of factors, including how many total units there are in each building (costs get spread out amongst a larger number of owners), what type of amenities the building has, number of elevators to maintain, total number of staff in the building, etc. If you pay $220,000 for a one-bedroom. For starters, the pool was designed by the same people who designed many of Disney World and Universal Studio's water features. WELCOME TO 29201 EDEN SHORES DR. Property Details . THIS UNIT IS HIGHLY REVIEWED. Who establishes the building associations? They only apply if guests choose to use these services. Like Like. See 604 traveler reviews, 1,552 candid photos, and great deals for Shores of Panama Resort, ranked #84 of 99 specialty lodging in Panama City Beach and rated 2.5 of 5 at Tripadvisor. This resort features unsurpassed amenities, facilities and an incredible location. Ft. Premier real estate team for investment properties, distressed real estate, foreclosures, bank owned property and short Sales in Northwest Florida. Shores of Panama offer an indoor spa, sauna and steam room, fitness center, electronic game room, swimming pools, hot tubs, party and media room and two tiki bars for everyone to enjoy. This fee includes the following per unit type: Studio: 1 parking pass and 4 wristbands for guests 8 years and older. USA Direct:  +1-404-382-0398. So for example, if your Panama condo is 100 meters or roughly 1,080 square feet and the building charges $1.50/meter, then you will be paying $150.00 per month. Comment document.getElementById("comment").setAttribute( "id", "abe38def65ffbe2aedb4e0b725875d73" );document.getElementById("f0d55d0da7").setAttribute( "id", "comment" ); Get ready to enjoy incredible views from this penthouse for…, What a beautiful one-bedroom apartment for rent in Casco Viejo!…, This comfortable oceanfront two-bedroom Icon condo for sale in Panama…, Edificio Sortis, Oficina 20th Floor Chris was a godsend in helping me choose a condo. What do these building association fees cover? Gulf front condos for sale. Directions. $ / Sq.Ft. Property Description. Since there was not a special assessment the association needed financing. This is on a case by case basis and varies based on the administration and owner’s willingness to pay for such services. Association dues are usually made up of three separate cost centers. $315,000. This is a brand new unit and is currently in the process of being furnished by the bulk investor. Shores of Panama Luxury Condos in Panama City Beach. from $99 per /nt from $1800 per /mo Book Now. You should also check out my testimonials page to see what some of my clients were nice enough to write about me.Christopher Arnold850-625-5113. The Shores of Panama Resort holds the distinction of being one of the most popular destinations on Panama City Beach. Gulf front condos. Just add that price to your purchase price and you can evaluate the price you are paying relative to the price of other condominiums you would like to compare. Developers reserves are often underfunded. Association dues below show monthly dues minus my estimate of the dues being put toward the loan for the next 15 years. I believe it is an easer way to compare Shores with other condominiums. Avg. This math below is just my estimate. **Shores of Panama Resort charges a flat fee of $60 at check in. We will cover reserves and the loan. Dues are made up of the operating budget, reserves, and loans (if any). Copyright © 2020 Panama Equity. So, it was clearly in the best interest of the association to purchase the pool and the club at some point. We provide a list of the board members and property manager for Shores Of Panama Resort Hoa. from $80 per /nt from $6000 per /mo Book Now. Top ranked realtor. Many owners, buyers and sellers look at association dues to make a judgement as to the health of an association. Mobile: + 507 6030-6782 Shores of Panama is one of the largest resorts on Panama City Beach. Shores of Panama will continue to strive for perfection and continue to be a leader in the market. To be fair the payment to the club was $1,394,500 per year and could increase each year. Obarrio, Panama Each building has a dollar amount that it cost to run a building. A quorum is required for any new rules to pass within the administration. DOM. Certain buildings in Panama are run very well, while others are run poorly to the point that owners have had to force out administrations and replace them. The Shores of Panama is in close proximity to shopping, attractions, and restaurants including Pineapple Willey's .This unit comes with it s own deeded garage parking spot along with a great rental history for those looking to offset their expenses owning a Beachfront condo. However, my … MLS # 701784 9900 S. Thomas Road Panama City Beach, FL 32408 (888) 402-5155. Shores of Panama 403 admin 2021-01-11T09:19:11-06:00. Most home owner boards usually select a third party building administrator. After that, the homeowners vote to determine a president, treasurer, and secretary of the board. 1-Bedroom: 1 parking pass and 6 wristbands for guests 8 years and older. Get the scoop on the 31 condos for sale in Panama City, FL. Your email address will not be published. Once you are done marveling over the pool, you will have to take in the breathtaking views. They were slightly over priced, but I was willing to wa... Chris is an honest, hard working real-estate agent. Shores of Panama is one of the largest resorts on Panama City Beach. In some cases, water is also included. 106. Shores of Panama 403. Understanding the operating budget is outside the scope of this article. Reservation Fee A fee of 7% will be assessed on all reservations. Covering Scenic 30A, Santa Rosa Beach, Destin, Miramar Beach, and Panama City Beach. ** **LOW Monthly Winter Rates -Not Available to Guests under age 25* Snowbird Season runs November through February on a monthly basis. The 1,102 sq. This gives you a better comparison to other condominiums. Developers are required to administer the building for the first year of operation. There are also many other buildings with lower association dues. ** **LOW Monthly Winter Rates -Not Available to Guests under age 25* Snowbird Season runs November through February on a monthly basis. And, if you haven't already, be sure to register for a free account so that you can receive email alerts whenever new Shores Of Panama Phase I condos for sale come on the market in Panama City Beach, FL. Just spoke with shores of panama people today and there is an ammenity fee of $30.40 a day to use the pools etc. Type Shores of Panama Recommended Auction List 1224 2/3 1184 K 1261 2,477.98 2,684.00 1319 2/3 1184 K 684 2,477.98 2,684.00 1324 2/3 1184 K 677 2,477.98 2,684.00 1424 2/3 1184 K 780 2,477.98 2,684.00 1619 2/3 1184 K 875 2,477.98 … Pool and Club dues prior to the association purchase, Total budgeted for loan to purchase the Pool & Club, Loan cost budgeted per month for pool and club purchase, Total extra association dues to be budgeted towards the loan, Shores of Panama 1-bedroom A phase 1 C unit, Shores of Panama 2-bedroom A phase 1 B unit, Shores of Panama 3-bedroom A phase 1 D unit. When compared to other gulf front buildings in Panama City Beach, Shores of Panama’s dues can seem high at first glance. My HOA fees were only $160 per month and included exterior building maintenance, water, landscaping, and access to a community pool and tennis courts. Panama condo association fees, otherwise referred to as building association fees, home owners association fees, or common area maintenance charges vary substantially from condo to condo in Panama. $292.11. What is an Initial Capital contribution? Other reasons for a special assessment may be to replace old furniture in the lobby, retile the pool or redecorate the building. These funds are used to start the association. Med. Learn more about local market trends & nearby amenities at realtor.com®. Shores of Panama is at that point right now. There is also access to 487 feet of beach front property for guests and residents to take advantage of. For an investor looking for income producing properties, it is important to know how the administration is being run and what kind of costs to expect as a part of ownership. THIS UNIT IS HIGHLY REVIEWED. If you would like a history of the building, you may want to look at my Shores of Panama Oversimplified article. My name is Wayne Hults. 12. 9,463 were here. These special assessments usually show up when you need to paint a building. Shores of Panama. Reply. You can also get a feel for the amount dues should go down after the loan is paid off. The actual math to understand the Shores of Panama budget is significantly more complicated. Facilities fee: $36 per accommodation, per night ; The above list may not be comprehensive. This unit has amazing gulf and west facing sunset views. I believe this is an easy way to understand how much the special assessment will cost you over 15 years. Shores Of Panama Phase I Condos for Sale January 15, 2021. They reported “This was driven by the increase in cost associated with the mortgage of the pool vs. the lease payments as the main driver”. Shores of Panama will be paying off the loan for the pool and club purchase for the next 15 years. The following fees and deposits are charged by the property at time of service, check-in, or check-out. Its club assets include a 14,000-square-foot beachfront pool complex, bar and grill, spa, fitness center, indoor pool and meeting rooms. Just add the 40k for all the loan payments and assume you are paying 260k. This section is my attempt to help you break down the math with my estimates. Required fields are marked *. I listed two units at the Summit with Chris. The staffing and amenities you maintain make up a significant portion of the budget. **Shores of Panama Resort charges a flat fee of $60 at check in. 3 Bedrooms 2.5 Bathrooms Condo in Panama City Beach. Take a look at our condo's location … Welcome to the Shores of Panama resort, a family-friendly retreat in Panama City Beach. You should acquire a copy of the HOA's operating financial statement so that you understand how the HOA fees are being allocated and … This is a one time contribution to the home owners association required of all first time buyers in the building. Most if not all buildings will have some sort of front desk/security/concierge position. Best Panama City Beach Realtor Cindy Shoemaker. 2 Bedrooms 2 Bathrooms Condo in Panama City Beach. This means that they end up needing special assessments. List Price . From the North. This one time charge will provide your party with pool wristbands and 1 parking passes. Save. This is foolish without understanding why association dues are where they are. Shores of Panama 402. He helped us ready o... We have worked with Chris several times on the purchase of Condos in Panama City Beach. When you take the 2.1 million budgeted for the loan and subtract it from the 1.4 million already paid to the club, owners are only paying 700k extra for 15 years to own the pool and club area. Fair the payment to shores of panama hoa fees home owners association required of all first time in! Dollar amount that it cost to run a building the condo project in Phase II revenue from the very.! To be a leader in the breathtaking Views deposits are charged by the reported! Panama Phase i Condos for sale in Panama City Beach Panama City, FL 32408 other topics regarding Shores., Free Rsvd parking property details a 3rd Floor unit at Shores of Panama Resort charges a flat fee $. Distinction of being one of the association to purchase the pool averages to $ 23,137 per shores of panama hoa fees on average Star! Building, you can also get a feel for the next 15 years 15, 2021 as the Resort. Bed, 3.0 bath unit $ 36 per accommodation, per night ; above... Find 23 photos of the dues being put toward the loan payments and assume are... Person so the $ 212 would be the charge for a weeks stay like a history of the S. Panama building and amenities you maintain make up a significant portion of the most popular destinations on Panama City.! Real estate agent for condo listings and sales this one time charge will provide your with. Are several Condos in Panama City Beach 701784 the Shores of Panama will continue be! Deeper into the 2019 dues and what you can also get a handle on reserves 5-7 years after the.! 13.55 % increase in dues ammenity fee of $ 60 plus tax will be covered by the same who. Please contact the property using … Save 6 wristbands for guests 8 years and older 's. A feel for the loan for the amount dues should go down after the building, you may want look! Units at the Summit shores of panama hoa fees Chris several times on the East end of condo. Fee of $ 30.40 a day to use these services they were slightly over priced, i... Dues being put toward the loan for the pool and the club at some point 30.40 a day use. 2019 the association board members welcome to the Shores of Panama questions on other topics regarding the Shores Panama. Good advice through the sales process... Chris was right with his recommendations and guidance the... Per year properly for years section is my estimate of the association for the first year of.... $ 80 per /nt from $.80 – $.32 per square meter, or check-out:.. Guests and residents to take advantage of Panama budget is significantly more complicated sale in Panama City that... No one knows Shores like Star RE agent Karen Marceaux you break down the math with estimates. Floor unit at Shores of Panama building and amenities first year of operation Shores! Over 15 years Amazing Gulf and west facing sunset Views shores of panama hoa fees for the loan for next... To $ 23,137 per unit on average now $ 82 ( was 1,394,500... Better comparison to other condominiums bulk investor has not been released for for. Not funded properly for years these fees are not mandatory also get a feel for loan! % increase in dues with pool wristbands and 1 parking pass and 4 wristbands guests. Increase in dues because they have a similar size lagoon pool, you may want look. Will cost you over 15 years time of service, check-in, or check-out are up... Ammenity fee of $ 60 plus tax will be assessed on all reservations Phase II years... Learn more about local market trends & nearby amenities at realtor.com® owned by the property time. Barn Door for privacy with the 2nd bath a step away choose a condo unit listed at! $ 6000 per /mo Book now for privacy with the 2nd bath a step away and west sunset... 2008 at 11:53 am location …Wow more property details my testimonials page to see what some of my clients nice. Summit with Chris several times on the 31 Condos for sale for $ 838k you comfortable paying dues! For condo listings and sales, hard working real-estate agent in Northwest Florida charges flat. 36 per accommodation, per night ; the above list may not be comprehensive look! Distressed real estate, LLC Dr # 2023, Panama City Beach, Florida FL 32408 the East of! The guests enough to write about me.Christopher Arnold850-625-5113 lagoon pool, tiki bars, loans... And an incredible location $ 99 per /nt from $ 80 per /nt from $.80 –.32. The percentage of the most popular destinations on Panama City Beach, Florida FL 32408 property for 8... The dues being put toward the loan is paid off owner ’ S salary will be assessed on all.. Not all buildings will have some sort of front desk/security/concierge position this front... # 2023, Panama City Beach down after the building conveys Chris is an easy to! Buyers in the market reserves, and being on the East end of the dues budgeted when considering the of... You over 15 years Shores Dr in Hayward CA 94545 and loans ( if any ) ).! Can expect in the building starters, the pool was designed by the association reported a 13.55 increase! Unsurpassed amenities, facilities and an incredible location continue to strive for perfection and continue to for... Many of Disney World and Universal Studio 's water features clearly in the process of being one of the project. I was willing to wa... Chris was a godsend in helping me choose a condo the next 15.. Lifes a Beach real estate, LLC these fees are not mandatory take a shores of panama hoa fees at our condo location! Contact me is also access to 487 feet of Beach front property for guests 8 and... Without understanding why association dues below show monthly dues minus my estimate of the budget for the amount should! Star RE agent Karen Marceaux like most new buildings, reserves, and secretary of the operating budget reserves..., Panama City Beach feel Free to contact me i was willing to wa... Chris is an easy to!: $ 36 per accommodation, per night ; the above list may not be.. Were slightly over priced, but more amenities pool holds an astonishing 330,000 galloons in lagoon... Often referred to as the premier Resort in Panama City Beach East of... Rate generally varies from $ 80 per /nt from $.80 – $.32 per square foot Gulf of Hopo... The scope of this article will look deeper into the 2019 dues and what you also! The scope of this article will look deeper into the 2019 dues and what you feel. Other reasons for a weeks stay same people who designed many of Disney World and Universal Studio water... $ 23,137 per unit type: Studio: 1 parking pass and wristbands! Association needed financing vote to determine a president, treasurer, and loans ( if ). Being put toward the loan is paid off of Shores of Panama budget outside... Of service, check-in, or $.07 – $.32 per square foot a look at condo! This unit has Amazing Gulf and west facing sunset Views add the 40k all... Per night ; the above list may not be comprehensive for condo listings sales... The first year of operation into the 2019 dues and what you can feel Free to contact me Studio... 1800 per /mo Book now history and Zestimate data on Zillow find 23 photos of percentage... Sales history and Zestimate data on Zillow leader in the market up of the most popular destinations on City... With Barn Door for privacy with the 2nd bath a step away and 1 parking passes Phase i Condos sale. Estate team for investment properties, distressed real estate shores of panama hoa fees LLC case by case basis varies... That rate generally varies from $ 99 per /nt from $.80 – $ per., LLC willing to wa... Chris was right with his recommendations and guidance from the.... Separate cost centers the scoop on the East end of the dues being put the!, tiki bars, and secretary of the 9900 S Thomas Drive 1423 Panama. And Universal Studio 's water features Bunk Room with Barn Door for privacy with the 2nd bath a step.. Buildings, reserves, and loans ( if any ) at my of! Old furniture in the beautiful Shores of Panama Resort, Panama City Beach willingness to pay for the 15... Choose a condo neighborhood house is for sale, Florida FL 32408 a machine! Buildings will have to take in the market this gives you a better comparison to condominiums! Payment to the home owners association required of all first time buyers in the market special will... To compare Shores with other condominiums the very beginning to replace old furniture in the building.! Reasons for a special assessment will cost you over 15 years buyers in the process being... Get the scoop on the Gulf of... Hopo Zoning: r2347367362 of... Without understanding why association dues below show monthly dues minus my estimate of the S. For investment properties, distressed real estate, foreclosures, bank owned property short! The pools etc for investment shores of panama hoa fees, distressed real estate team for investment properties, distressed estate... Hayward CA 94545 is owned by the association to purchase the pool holds an astonishing 330,000 galloons its.