Panama City, FL 32408,4021 Dolphin DR
Panama City, FL 32408,4021 Dolphin DR
Panama City, FL 32408,4021 Dolphin DR
Panama City, FL 32408,4021 Dolphin DR
Panama City, FL 32408,4021 Dolphin DR
Panama City, FL 32408,4021 Dolphin DR
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$ 1,500,000
Est. payment | /mo

3,569 SqFt


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$ 1,500,000
Est. payment | /mo
Save

3,569 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,569 sqft

Price per Sqft $420

Subdivision Gulf Lagoon Beach

MLS Listing ID 781501

HOA Y/N No

Year Built 1993

Lot Size 0.380 Acres

Acres 0.38

Property Description

Premier opportunity to acquire a fully renovated, five-unit multifamily property ideally positioned just steps from the white-sand beaches of Panama City Beach. Dolphin Drive Beach Cottages features five spacious 1-bedroom, 1.5-bath units—each approximately 714 SF—with modern interiors, private balconies, and on-site covered parking.

Currently operated as a short-term rental portfolio, the property offers a flexible investment profile suitable for Airbnb, mid-term, or long-term tenants. With professional property management in place, an investor can achieve stabilized returns while enjoying strong demand from beachgoers, snowbirds, and seasonal workers.

The property is directly across from the luxury beachfront community of Hadley's Beach, adding long-term value and redevelopment potential into a similar luxury single-family or townhome development.

The location combines residential charm and convenience—tucked in a quiet neighborhood with a rare public boat ramp, yet moments from St. Andrews State Park, Emerald Coast Beaches, and the vibrant dining and entertainment corridor along Thomas Drive. This is a rare chance to own a high-performing coastal multifamily asset with both income and redevelopment appeal.

* Five turnkey 1BR/1.5BA units (~714 SF each) - modern interiors and private balconies
* Airbnb-ready & STR-friendly zoning (R-3)- flexible for short-, mid-, or long-term rental strategies
* Directly across from luxury community Hadley's Beach - premier location with future redevelopment upside
* Prime beach-adjacent location - steps from the Gulf and minutes to St. Andrews State Park
* Fully furnished & operational - ready for immediate cash flow or repositioning

Location

State FL

County Bay

Area 03 - Bay County - Beach

Interior

Fireplace No

Exterior

View Y/N Yes

View Gulf

Private Pool No

Schools

Elementary Schools Patronis

Middle Schools Surfside

High Schools Arnold

Others

Tax ID 32356-000-000

Special Listing Condition Listed As-Is

Listed by Coldwell Banker Realty
Andrew Turner

"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

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4021 Dolphin DR