$1,150,000
Panama City, FL 32408
MLS# 789589
2944 sqft
1 / 1
Property Description
Great opportunity to own an income-producing fourplex in Panama City Beach, just a short walk to the Gulf and public beach access. Located in the popular Lower Grand Lagoon area off Thomas Dr, this property is perfectly positioned for both short-term vacation rentals or long-term tenants. Each unit offers a practical layout, making it easy to keep occupied and generate consistent income. The location is hard to beat: close to St. Andrews State Park, marinas, restaurants, and everything that makes Panama City Beach such a desirable destination. Whether you're looking to add to your investment portfolio, create a vacation rental property, or take on a value-add project, this property has a lot of potential. Opportunities like this near the beach don't come around often. Schedule your showing today!
Details
Maps
Contract Info
List Price/SqFt: 390.63
List Date: 2026-05-03
List Price: $1,150,000
Current Price: $1,150,000
Sub-Type: Income Producing
Location
Sub Area: 0323 - Beach - South of Grand Lagoon
Community/Resort: Holiday Beach
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From the intersection of Thomas Dr and Front Beach Rd, head south on Thomas Dr. Turn left onto Holiday Dr. Continue on Holiday Dr; property will be on the left-hand side.
Area: 03 - Bay County - Beach
Street #: 4113
Street Name: Holiday
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Holiday Beach Unit 9
Parcel ID: 30762-020-000
Legal Description: HOLIDAY BEACH UNIT #9 BEG AT MOST WLY COR LOT 5 SELY 39.30' NELY 57.58' NWLY 37.36' TO SELY R/W HOLIDAY DR TH SWLY 57.84' TO POB TOGETHER WITH ESMT BLK F ORB 4548 P 1937
General Property Info
List Class: Commercial Condominium
Floor Number: 2
Acreage: 0.05
Immediate Occupancy: No
Construction Status: Construction Complete
# of Units: 4
# of Stories in Building: 2
Frontage Ft: 37
SqFt Tot Bldg: 2944
Lot Depth: 58
Year Built: 1983
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Great opportunity to own an income-producing fourplex in Panama City Beach, just a short walk to the Gulf and public beach access. Located in the popular Lower Grand Lagoon area off Thomas Dr, this property is perfectly positioned for both short-term vacation rentals or long-term tenants.
Each unit offers a practical layout, making it easy to keep occupied and generate consistent income. The location is hard to beat: close to St. Andrews State Park, marinas, restaurants, and everything that makes Panama City Beach such a desirable destination.
Whether you're looking to add to your investment portfolio, create a vacation rental property, or take on a value-add project, this property has a lot of potential. Opportunities like this near the beach don't come around often. Schedule your showing today!
Construction/Siding
Floor - Tile: 1
Floor - Vinyl: 1
Foundation - Slab on Grade: 1
Roof - Gutters: 1
Roof - Shingle/Shake: 1
Roof - Sloping: 1
Siding - Stucco: 1
Energy
AC - 2 or More: 1
AC - Central Elect: 1
Ceiling Fans: 1
Computer Control: 1
Heat - Central Electric: 1
Heat - Two or More: 1
Water Heater - Electric: 1
Water Heater - Two+: 1
Present Zoning
Resid Multi-Family: 1
Resid Single Family: 1
Utilities
All Utilities: 1
TV Cable: 1
Electricity - Connected: 1
Garbage: 1
Water Connected: 1
Water Available: 1
Waterview
Bay: 1
Business/Property
Living Quarters: 1
Restrooms - Private: 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC - Central: 1
AC - HVAC: 1
Heat - Central Electric: 1
Heat - HVAC: 1
Multi-Family
Year Built: 1983
Building SqFt: 2944
# of Units: 4
Site Description
Aerials Available: 1
Level: 1
Transport. Access
Paved: 1
Status Change Info
Status: Active
Property Features
Energy: AC - 2 or More; AC - Central Elect; Ceiling Fans; Computer Control; Heat - Central Electric; Heat - Two or More; Water Heater - Electric; Water Heater - Two+
Present Zoning: Resid Multi-Family; Resid Single Family
Site Description: Aerials Available; Level
Utilities: All Utilities; Electricity - Connected; Garbage; Water Connected; TV Cable; Water Available
Waterview: Bay
Listing Office: Coldwell Banker Realty
Last Updated: May - 08 - 2026
Information deemed reliable but not guaranteed.