Homes for sale - 5519_5521 Beach DR, Panama City, FL 32408

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Andrew Turner

andrewturnerrealtor@gmail.com +1(850) 339-1715

$ 475,000

Est. payment | -/mo

4 Beds

4 Baths

1,605 SqFt

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$ 475,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

4 Baths

1,605 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,605 sqft

Price per Sqft $295

Subdivision Baltimore Beach

MLS Listing ID 767454

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 2003

Annual Tax Amount $1,401

Tax Year 2023

Property Sub-Type Multi Family

Property Description

If you have been looking to own and profit on Panama City Beach, this may be the perfect income-producing property for you. Just one block from the beach, this reasonably priced duplex has no HOAs and offers a fantastic location where you and your guests can enjoy many amenities year after year. Currently rented to long-term tenants, grossing $33,000, the short-term rental potential would be much higher, leaving plenty of room to call this a solid investment. You may be ready to live beach side on a budget and enjoy living in one unit and renting out the other. You and your guest will enjoy high ceilings with lots of natural light, a split bedroom floor plan, a full laundry room, and open concept living and kitchen area along with an open patio and a sizable fenced-in backyard for both units, so take a short walk to the beach, garden in your backyard or stay in and relax in either of these efficient two bedroom two bathroom units. This low-maintenance property is a fantastic way to break into beach life. The roof was replaced in January 2019, the Water Heater in December 2024, and the Washer/Dryer in December 2018 in unit 5519. In unit 5521, the A/C was replaced in July 2017, the Washer/Dryer in June 2021, and the Water Heater in December 2024. Last but not least, the property is hooked up to public water and sewer.

Location

State FL

County Bay

Community Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Heating Electric

Cooling Electric

Furnishings Unfurnished

Fireplace No

Appliance Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer

Exterior

Parking Features Driveway

Fence Fenced

Pool None

Community Features Short Term Rental Allowed

Roof Type Composition,Shingle

Schools

Elementary Schools Patronis

Middle Schools Surfside

High Schools Arnold

Others

Tax ID 31858-000-000

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://idx.imprev.net/i/293267/767454/4522/html/website/ActiveStatus/idx/index.html

Listed by CENTURY 21 Ryan Realty Inc

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(850) 339-1715

andrewturnerrealtor@gmail.com

755b Grand Blvd 105286, Miramar Beach, Florida, 32550, USA

5519_5521 Beach DR Panama City, FL 32408