Property Attributes
- MLS#783625
- TypeCondos
- Listing Status Active
- CountyBay
- CityPanama City Beach
- Area03 - Bay County - Beach
- NeighborhoodCalypso Towers I
- Zip32413
- Style
- Year Built2006
- Taxes$ 5490
- Price$ 470,000
- Bedrooms1
- Full Bathrooms1
- Half Bathrooms1
- Sqr Footage798
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
PENTHOUSE, NOT JUST IN NAME—THIS ONE SITS AT THE TOP OF CALYPSO TOWER 1. Unit 2305 occupies the highest position in the building, offering elevated views of the Gulf of America and west-facing sunsets over Panama City Beach. This 1-bedroom, 1.5-bathroom condo features balcony access from both the living area and the bedroom, creating a seamless indoor-outdoor connection at the penthouse level. Soaring 10-12 ft ceilings enhance the sense of volume and openness, while abundant natural light highlights the thoughtful layout and modern finishes throughout. Solid tile flooring provides durability and easy maintenance, supporting a true coastal lifestyle. Calypso Resort & Towers offers a full suite of amenities including an onsite general store, multiple pools with loungers, a fitness center, elevators, and a seasonal tiki bar and grill. Pier Park and Aaron Bessant Park are close by, placing shopping, dining, events, and entertainment within immediate reach. Nearby attractions include Topgolf Panama City Beach, McGuire's Irish Pub, and Dolly Parton's Pirates Voyage Dinner & Show, with convenient access to Northwest Florida Beaches International Airport. The condo is currently operating on VRBO with strong rental performance, making it well-suited for personal use, short-term rental income, or a hybrid approach. Positioned above it all—literally—this penthouse delivers privacy, views, and location advantages that continue to define Calypso Tower 1 as one of Panama City Beach's most recognizable Gulf-front addresses. All information is deemed reliable but not guaranteed; buyer to verify if important.
| Elementary School | Middle School | High School |
|---|---|---|
| Hutchison Beach Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 3/5/2026 | Listed $485,000 |
| 3/29/2026 | 3$470,000 |
General Features
| Utilities | Cable Connected,Electricity Available |
|---|---|
| Property Subtype | Condominium |
| Tax Year | 2025 |
| Community Features | Beach,Fitness Center,Pool,Shopping,Waterfront,Community Pool,Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | true |
| Subdivision Name | Calypso Towers I |
| Status | Active |
| Directions | From Highway 79 and Front Beach Road, go EAST on Front Beach Road, past Pier Park. Calypso is the first gulf front condominium past Pier Park. |
| High School | Arnold |
| City | Panama City Beach |
| Zoning Description | Resid Multi-Family |
| MLS Area | 03 - Bay County - Beach |
| Elementary School | Hutchison Beach |
| Tax Annual Amount | 5490 |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 0318 - Beach - Central South |
| Standard Status | Active |
| Property Sub Type Additional | Condominium |
| Association Amenities | Picnic Area |
| Occupancy Type | Tenant |
| Waterfront Features | Gulf |
| Year Built | 2006 |
| Heating | Central,Electric |
| Cooling | Central Air |
| Appliances | Electric Oven,Electric Range,Electric Water Heater |
| Patio/Porch Features | Balcony |
| View | Gulf,Water |
| Attached Garage | false |
| Garage Y/N | true |
| Total Rooms | 7 |
| Full Baths | 1 |
| Virtual Tour | https://www.zillow.com/view-imx/db4809d6-c906-471d-9ae9-bd892aa160fb?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard |
| Garage Spaces | 2 |
| Architectural Style | High Rise |
| Pool Features | Community |
| Security Features | Building Security,Fire Sprinkler System |
| Unit Number | 1-2305 |
| New Construction | false |
Interior Features
| Total Baths | 2 |
|---|---|
| Interior Amenities | Balcony,Double Vanity,Main Level Primary,Soaking Tub,Separate Shower |
| Furnished Units | All Units |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 1 |
| LivingAreaSource | Appraiser |
| Half Baths | 1 |
| Total Stories | 23 |
Exterior Features
| Lot Dimensions | CONDO |
|---|---|
| Parking Features | Community Structure |
| Building Area Total | 798 |
| Waterfront Y/N | true |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Pets
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating