$2,995,000
Panama City Beach, FL 32407
MLS# 781039
4 beds | 4 baths | 2517 sqft
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Property Description
SELLER MOTIVATED!! Appraised at $3,041,000 (Aug 2024) and now offered at $2,995,000! This Gulf-front luxury retreat spans 60 ft of private shoreline and boasts exceptional rental performance. A top-rated VRBO/Airbnb, it earned $125K in just three months, with 2025 bookings secured and 2026 filling fast. Averaging $1,200/night, it offers huge potential for year-round income—AirDNA shows 58-60% occupancy and ADRs of $315-$320 in PCB. Featuring 4 beds + bonus, 4 baths, updated kitchen and primary bath, new flooring, two new A/Cs, 10-year roof, built-in BBQ, private drive, 35-ft seawall, and room for a pool. Fully furnished, turnkey, and below appraisal—minutes from Pier Park and 30A!
Details
Maps
Contract Info
Status: Active
List Date: 2025-10-28
List Price: $2,995,000
List Price/SqFt: 1189.91
Current Price: $2,995,000
Location
Area: 03 - Bay County - Beach
Street #: 13011
Street Name: Oleander
Street Suffix: Drive
State: FL
Zip Code: 32407
County: Bay
Sub Area: 0318 - Beach - Central South
Subdivision: Bahama Beach
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 34323-000-000
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: From Hwy 79 (Hutchison Blvd) head west toward the Gulf. At Cedar Grove Dr turn right, take the first left onto Oleander Dr. Property is the first gulf-front home on the right with 60 ft shoreline, teal siding, and private drive.
Legal Description: BAHAMA BEACH LOT 2 BLK 5 ORB 3814 P 756
General Property Info
Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 2517
SqFt Source: An Appraiser
Bedrooms: 4
Full Baths: 4
Total Baths: 4
# of Stories in Building: 1
Year Built: 1960
Immediate Occupancy: Yes
Pre-Const Flip: No
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Covered Spaces: 2
Driveway Spaces: 5
Lot Dimensions: 60 x 120
Acreage: 0.17
Lot Size (SqFt): 7200
Pool: No
Property Features
Accessibility Features: Central Living Area; Visitor Bathroom
Appliances: Dishwasher; Disposal; Dryer; Microwave; Range - Electric; Refrigerator; Washer; Water Heater - Electric
Master Bedroom: First
Bedroom: First
Cooling: Ceiling Fan(s); Central Air
Heating: Central
Exterior: Double Pane Windows; Fenced Lot-All; Shower; Patio Open; Storm Doors; Storm Windows; Tinted Windows
Financing: Cash; Conventional
Furnished: Furnished
Interior: Bonus Room; Insulated Doors
Kitchen: First
Living Room: First
Lot Features: Dead End; Dedicated Beach; Flood Insurance Req; Near Beach Access; Sand Dunes; Waterfront; Within 1/2 Mile to Water
Lot Access: County Road; Paved Road; Private Road
Bonus Room: First
Master Bathroom: First
Dining Room: First
Foyer: First
Pool Features: Spa/ Hot Tub
Security Features: Prewired; Secured Garage/Parking; Security System; Smoke Detector(s)
Parking Features: Carport Attached; Driveway; Gated; No Garage; Oversized; Paved
Other Structures: Guest House; Shed(s)
Rooms: Bedroom; Bonus Room; Dining Room; Foyer; Kitchen; Living Room; Master Bathroom; Master Bedroom
Utilities: TV Cable; Electricity - Connected; Garbage; Phone - Connected; Public Sewer - Connected; Public Water - Connected
Waterfront Type: Gulf
Waterfront Feature: Shore - Beach
Waterview: Gulf
Present Zoning: Resid Single Family
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Master Bedroom | First | 12 x 15 | 12.00 | 15.00 | 12 x 15 |
| Master Bathroom | First | 8 x 12 | 8.00 | 12.00 | 8 x 12 |
| Dining Room | First | 38 x 9 | 38.00 | 9.00 | 38 x 9 |
| Living Room | First | 19 x 14 | 19.00 | 14.00 | 19 x 14 |
| Kitchen | First | 14 x 9 | 14.00 | 9.00 | 14 x 9 |
| Foyer | First | 9 x 9 | 9.00 | 9.00 | 9 x 9 |
| Bedroom | First | 16 x 12 | 16.00 | 12.00 | 16 x 12 |
| Bonus Room | First | 17 x 12 | 17.00 | 12.00 | 17 x 12 |
| Bedroom | First | 17 x 12 | 17.00 | 12.00 | 17 x 12 |
| Bedroom | First | 17 x 12 | 17.00 | 12.00 | 17 x 12 |
Listing Office: LUXE Properties
Last Updated: November - 03 - 2025
Information deemed reliable but not guaranteed.