5012 Gulf Drive 1-4, Panama City Beach, FL 32408 (MLS# 783708)

HOA Fee: No

New Buyer Fee: No

Last Taxes: 0

Last Tax Year: 2025

Brokerage Interest: No Interest

List Price/SqFt: 500

Status: Active

List Date: 2026-01-06

List Price: $1,750,000

Current Price: $1,750,000

Unit #: 1-4

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: No

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: From the Navy Base area on Thomas Drive (also called Navy Blvd), continue south toward the beach. Stay on Thomas Drive until Huff Street near Schooners. Turn left on Huff Street, then right on Gulf Drive. 5012 Gulf Drive is a short distance ahead on the left, across from the beach.

Area: 03 - Bay County - Beach

Street #: 5012

Street Name: Gulf

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Gulfside Condo.

Parcel ID: 32256-009-000

Legal Description: GULFSIDE CONDOMINIUM 16 4S 15W -404.5- 70B1 ENDING 32256-040-000 + GULFSIDE CONDO APT 1 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841 + GULFSIDE CONDO APT 2 ORB 494 P 370 2BR 2B 688 H&C ORB 4900 P 1592 + GULFSIDE CONDO APT 3 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841 + GULFSIDE CONDO APT 4 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841 .

Acreage: 0.13

Design: N/A

Lot Size (SqFt): 5663

Apx SqFt(Htd/Cooled): 3500

Construction Status: Construction Complete

SqFt Source: Owner Measured

# of Stories in Building: 2

# of Units in Bldg: 4

Lot Dimensions: 110x80

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Community

Sub-Type: Quadplex Multi-Units

Bedrooms: 10

Full Baths: 8

Total Baths: 8

Year Built: 1973

Remarks: 60 FEET FROM BEACH ACCESS | RARE QUAD-PLEX PACKAGE WITH HUGE VACATION RENTAL INCOME POTENTIAL! Located approximately 60 feet from a wide paved public beach access, this extremely rare four unit beachside complex offers a unique opportunity to own a 2 story entire ground level quadplex at the end of a quiet cul de sac with no thru traffic. The direct proximity to beach access combined with the low density setting creates strong and consistent short term rental demand in Panama City Beach. The property consists of four ground floor units totaling approximately 3,500 square feet with 10 bedrooms and 8 bathrooms across the complex and is situated on approximately 0.13 acres. Unit 1 and Unit 3 are each 3 bedroom 2 bath units of approximately 935 square feet, while Unit 2 and Unit 4 are each 2 bedroom 2 bath units of approximately 815 square feet. The property includes a shared community pool. There is no HOA and short term rentals are allowed. The entire complex is being offered fully furnished and turnkey, allowing a new owner to begin generating rental income immediately upon closing while capturing peak revenue as the Panama City Beach spring and summer seasons approach. The units offer functional layouts, durable finishes, and ground floor access that renters consistently prefer. Major building improvements have already been completed including solid all brick construction with dual layers of elastomeric stucco and paint, a 2024 standing seam metal roof w new truss system and hurricane clips, updated windows and doors, HVAC and water heaters replaced . Ownership of the entire complex provides FULL control of the building and common areas, allowing a buyer to establish access, usage, and management standards that align with their investment strategy. The seller has prepared rental projections estimating gross annual income potential in the range of approximately $200,000 to $225,000 when operated as short term rentals, and rental projections are estimates and not guaranteed. Previous numbers are available under a contingency. Quadplexes offering direct beach access, no HOA restrictions, rental flexibility, and scale potential rarely come available as a single acquisition in this location. Assets with this level of location, scale, and rental flexibility do not stay available long. Call your favorite agent today to schedule a showing and learn more about this STR quadplex opportunity in Panama City Beach, FL!

First: 1

First: 1

Second: 1

Dishwasher: 1

Microwave: 1

Range - Electric: 1

Washer/Dryer Stacked: 1

Water Heater - Electric: 1

Floor - Vinyl Plank: 1

Window - Treatment All: 1

Foundation - Slab on Grade: 1

Roof - Metal: 1

Siding - Stucco: 1

Balcony: 1

Patio Covered: 1

Patio Open: 1

Porch Covered: 1

Cash: 1

Conventional: 1

Furnished: 1

First: 1

Second: 1

First: 1

Second: 1

Dead End: 1

Easements: 1

Near Beach Access: 1

Within 1/2 Mile to Water: 1

Paved Road: 1

Additional Parking: 1

Paved: 1

Pool: 1

Bedroom: 1

Bunk Room: 1

Full Bathroom: 1

Kitchen: 1

Living Room: 1

Master Bathroom: 1

Master Bedroom: 1

ShowingTime: 1

Electricity - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

As Is: 1

First: 1

Second: 1

First: 1

Second: 1

First: 1

Second: 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1