$699,000
Panama City, FL 32408
MLS# 780294
5 beds | 5 baths | 2160 sqft
1 / 47
Property Description
Updated Triplex - Steps from the Beach! Discover this beautifully updated property featuring three independent income-producing units, each with its own private entrance. Live in one and rent out the others, or maximize your investment by leasing all three! The home includes two spacious 2-bedroom units and one cozy 1-bedroom unit, offering flexible living or rental options. The downstairs 2-bedroom unit even includes built-in bunks, perfect for accommodating larger families or vacation guests. Upstairs, enjoy both front and back deck areas where you can catch a peek-a-boo view of the Gulf and coastal breezes. Out back, a covered picnic area with tables and grills makes for the ideal space for gatherings and cookouts. A pet-friendly fenced yard adds extra convenience and appeal for tenants or guests with pets. This investor's dream is perfectly situated just 1½ blocks from the sugar-white sands of Gulf Access #5 and minutes from St. Andrews State Park, local shops, and some of Panama City Beach's best dining spots. Don't miss this rare opportunity to own a turnkey, income-producing property in one of the Gulf Coast's most desirable beach communities!
Details
Maps
Contract Info
Status: Active
List Date: 2025-10-10
List Price: $699,000
List Price/SqFt: 323.61
Current Price: $699,000
Location
Area: 03 - Bay County - Beach
Street #: 5216
Street Name: Beach
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 - Beach - South of Grand Lagoon
Subdivision: Biltmore Beach
Community/Resort: None
Waterfront: No
Parcel ID: 31749-000-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From Highway 98 turn onto Thomas Drive heading south - turn right onto Beach Drive, property will be located on the right.
Legal Description: BILTMORE BEACH LOT 4 BLK D ORB 4732 P 1692 MAP 70B2
General Property Info
Sub-Type: Duplex Multi-Units
Design: Duplex
Apx SqFt(Htd/Cooled): 2160
SqFt Source: Prop App Site
Bedrooms: 5
Full Baths: 5
Total Baths: 5
# of Stories in Building: 2
# of Units in Bldg: 3
Year Built: 1983
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 50 x 100
Acreage: 0.14
Lot Size (SqFt): 5968
Pool: No
Property Features
Appliances: Cooktop - Electric; Water Heater - Electric
Bedroom: First; Second
Cooling: Ceiling Fan(s); Mini-Split/Ductless
Heating: Mini-Split/Ductless
Exterior: Deck Open; Fenced Back Yard; Patio Covered
Financing: Cash; Conventional
Furnished: Furnished
Interior: Bunk Room
Kitchen: First
Living Room: Second
Bunk Room: First
Parking Features: Additional Parking
Rooms: Bedroom; Bunk Room; Kitchen; Living Room
Sale Type: As Is
Utilities: Cable - Available; Electricity - Availabile; Garbage
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Bedroom | First | 12 x 11 | 12.00 | 11.00 | 12 x 11 |
| Bunk Room | First | 14 x 7 | 14.00 | 7.00 | 14 x 7 |
| Bedroom | First | 14 x 11 | 14.00 | 11.00 | 14 x 11 |
| Bedroom | Second | 11 x 10 | 11.00 | 10.00 | 11 x 10 |
| Bedroom | Second | 13 x 9 | 13.00 | 9.00 | 13 x 9 |
| Living Room | Second | 15 x 14 | 15.00 | 14.00 | 15 x 14 |
| Kitchen | First | 28 x 11 | 28.00 | 11.00 | 28 x 11 |
Listing Office: LoKation Real Estate
Last Updated: October - 11 - 2025
Information deemed reliable but not guaranteed.