Refine Search

5012 Gulf Drive, Unit 1-4, Panama City Beach, FL 32408

$1,750,000
  • 5012 Gulf Drive, Unit 1-4, Panama City Beach, FL 32408 Main Photo

100 Total Photos [Click to View All]

Active
BEDS10 BATHS8 full SQUARE FEET3,500 MLS#783708
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONGulfside Condo

Property Description

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!

5012 Gulf Drive, Unit 1-4 | MLS# 783708

This multi-family property located at 5012 Gulf Drive, Unit 1-4, Panama City Beach, FL 32408 is currently listed for sale with an asking price of $1,750,000. Search Panama City Beach real estate on ezlotea.premierfl.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.13 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $0
Year Built: 1973

Amenities

Patio

Feature Descriptions

Appliances: Washer/Dryer Stacked, Electric Range, Electric Water Heater
Community Features: Pool, Community Pool, Short Term Rental Allowed
Days on Site: 95
Exterior: Stucco
Flooring: Luxury Vinyl Plank
Laundry: Stacked
Lot: Paved
Lot Dimensions: 110x80
Parcel#: 32256-009-000
Parking: Additional Parking, Paved
Parking Notes: Additional Parking, Paved
Patio/Porch: Balcony, Covered, Patio, Porch
Pool: Community
Sewer: Public Sewer
Special View Info: Gulf
Units: 4
Utilities: Electricity Available

Room Sizes

Primary Bathroom: 5.5 X 6 Level - Second
Full Bath: 8 X 6.5 Level - Second
Bedroom: 13 X 11 Level - Second
Primary Bedroom: 11.5 X 11 Level - Second
Kitchen: 11 X 14 Level - Second
Living Room: 14.5 X 11.5 Level - Second
Primary Bathroom: 5.5 X 6 Level - First
Full Bath: 8 X 6.5 Level - First
Bedroom: 13 X 11 Level - First
Primary Bedroom: 11.5 X 11 Level - First
Kitchen: 11 X 14 Level - First
Living Room: 14.5 X 11.5 Level - First
Primary Bathroom: 5.5 X 6 Level - First
Primary Bedroom: 11 X 10.5 Level - First
Full Bath: 8.5 X 6.5 Level - First
Bedroom: 13 X 11 Level - First
Kitchen: 14 X 11.5 Level - First
Living Room: 14.5 X 11.5 Level - First

Local Schools

High School: Arnold
Middle School: Surfside
Elementary School: Patronis

Listed By / Shown By

Listed By

Agency Name: LPT Realty LLC

Shown By

Agent Name: Edmond Zlotea
Agent Phone: (850) 960-2575
Agency Title: Premier Property Group

IDX logo

Estimate Your Payment

Estimated Payment

$ 4,405.16 per month $3,894.74 Principal & Interest $0.00 Property Tax (data not provided by mls) $510.42 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Pixel