The Princess, completed in 2001, stands as a prominent 17-story condominium in the heart of Lower Grand Lagoon. This gated community houses 74 units, offering residents a blend of luxury and coastal charm. Situated steps away from the renowned "World's Most Beautiful Beach," the Princess provides an ideal setting for both permanent residents and seasonal visitors seeking a tranquil retreat along Florida's Emerald Coast.
Spacious layouts with Gulf-front views
The Princess offers a range of floor plans to suit various needs, from cozy 2-bedroom units to expansive 5-bedroom penthouses. The 2-bedroom layouts, spanning approximately 1,600 square feet, feature two bathrooms and are priced between $795,000 and $839,999. These units come partially furnished and can comfortably accommodate 8 to 10 people, making them ideal for families or vacation rentals.
For those desiring more space, 3-bedroom units range from 1,744 to 2,038 square feet, with three bathrooms and prices starting at $806,199. The 4-bedroom options offer even more room, ranging from 2,384 to 3,341 square feet, with four bathrooms and prices from $1,277,077 to $1,304,840.
At the pinnacle of luxury are the 5-bedroom units, boasting an impressive 4,800 square feet of living space, five and a half bathrooms, and a price tag around $1,970,000. These palatial residences epitomize beachfront opulence.
All units feature full kitchens with stainless steel appliances and granite countertops. Many include a separate alcove bar area with a sink, icemaker, and wine refrigerator. Spacious laundry rooms with sinks and ample cabinet space are standard, with some units offering the potential for built-in bunk beds in this area. Master suites typically include ensuite baths with double sinks, large spa tubs, and custom walk-in tiled showers. Generous balconies, accessible from both the master bedroom and living room, provide stunning views of the Gulf of Mexico.
Resort-quality amenities for year-round enjoyment
The Princess offers an array of amenities designed to enhance residents' lifestyles. The property boasts two outdoor pools and one indoor heated pool, perfect for year-round swimming. A hot tub provides a relaxing retreat after a day at the beach. Fitness enthusiasts will appreciate the on-site fitness center, tennis court, and basketball court. For those seeking leisurely activities, the building features an arcade, shuffleboard court, and a clubhouse for social gatherings.
Beach services are available, providing chairs and umbrellas on the sand, along with jet ski and water sport rentals for adventure seekers. The property is gated, ensuring privacy and security for residents. On-site management and maintenance staff are available to address any concerns promptly.
For investors, the Princess Condominiums Homeowners Association offers an on-site rental management company. This service handles advertising, booking, cleaning, and maintenance for rental units, fostering long-term relationships with seasonal renters. With a loyal clientele returning year after year, the rental potential for these units is significant, with annual incomes for two-bedroom condos ranging from $25,000 to $35,000 for six months of rentals.
Coastal charm with easy beach access
Located in the desirable Lower Grand Lagoon area, the Princess offers a perfect balance of beachside living and local amenities. The neighborhood is known for its walkable beaches, with residents enjoying easy access to the Gulf's signature white sand and emerald waters. Lower Grand Lagoon provides a calmer alternative to the bustling tourist center of Panama City Beach, attracting a mix of full-time residents, seasonal visitors, and short-term renters.
The area boasts a rich selection of locally-owned bars and restaurants. Schooners, nicknamed the "Last Local Beach Club," is a neighborhood staple famous for its grouper dishes and live music. It also hosts the annual Lobster Festival each October, a four-day event featuring live music and lobster-themed specials. Patches Pub, another local favorite, is known for its Reuben sandwiches and lively atmosphere.
For those who enjoy outdoor activities, St. Andrews State Park is located at the end of Lower Grand Lagoon. This 1,200-acre expanse offers camping, hiking trails, bird watching, snorkeling, and surfing opportunities. The park's natural beauty and diverse ecosystems make it a popular destination for nature enthusiasts.
Shopping options include Beach Scene and Sunnyside Beach Store, both within walking distance, offering beachwear and souvenirs. For groceries, the European Food Mart is a short drive away, while a Publix supermarket can be found across the Grand Lagoon Bridge in Upper Grand Lagoon.
Secluded feel with easy access to main routes
While the Lower Grand Lagoon area primarily caters to car owners, it offers a more secluded feel compared to the center of Panama City Beach. The main access route, Thomas Drive, provides two lanes of traffic in and out of the neighborhood, helping to maintain a quieter atmosphere. This setup contributes to less congestion than busier areas like Panama City Beach Parkway.
For those traveling further afield, Northwest Florida Beaches International Airport is approximately 22 miles away, or about a 35-minute drive. This proximity allows for convenient travel options without the noise and bustle of being too close to an airport.
The area's layout encourages a blend of driving and walking. While many amenities are within a short drive, the beachfront location allows residents to easily walk to the shore and nearby attractions. The neighborhood's design strikes a balance between accessibility and maintaining a relaxed, coastal atmosphere.
No units matching this criteria are available right now.
Building Details
Recreation
Beach
Outdoor Tennis Courts
Community Basketball Court
Fitness Center
Indoor Pool
Heated Indoor Pool
Heated In Ground Pool
Community Pool
Community Spa
Outdoor Features
Property fronts gulf or ocean
Community Barbecue Grill
Amenities
Gulf Views
Clubhouse
Game Room
Resident Manager or Management On Site
24 Hour Access
Gated Community
Parking
Detached Garage
Condo Association
$1,730 Monthly HOA Fees
Monthly HOA Fees Range from $1,053 - $1,730
Association fees include management, clubhouse, cable TV, insurance, internet, legal/accounting, ground maintenance, maintenance structure, pest control, pool(s), security, trash, water
Collateral AnalyticsCollateral Analytics
Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.
Black Knight®Black Knight
Black Knight’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
First AmericanFirst American
First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.
Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
3/ 10
Somewhat Bikeable
Bike Score®
46/ 100
Car-Dependent
Walk Score®
33/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Regency Towers Dog Run
10 min walk
Rick Seltzer Park
3 min drive
St Andrews State Park
5 min drive
Grand Lagoon Dog Run
9 min drive
County Pier
11 min drive
Rotti's Woof Woof Dog Park
14 min drive
Carl Grey Park
14 min drive
Moates Park
14 min drive
Hentz Park
16 min drive
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.
