209 Oleander Drive, Panama City Beach, FL 32413

Panama City Beach
Local realty services provided by:Better Homes and Gardens Real Estate Historic
209 Oleander Drive,Panama City Beach, FL 32413
$1,199,000
  • 4 Beds
  • 4 Baths
  • 2,798 sq. ft.
  • Multi-family
  • Active
Listed by: mike s herring
Office: keller williams realty emerald
MLS#:797404
Source:FL_BCMLS

Price summary

  • Price:$1,199,000
  • Price per sq. ft.:$428.52

About this home

COASTAL LIVING MEETS INCOME POTENTIAL IN LAGUNA BEACH! With projected annual rental income of $85,000 from the existing residences, 209 Oleander Drive offers an exceptional opportunity to enjoy the beach while putting your investment to work. The owner currently occupies the main home, leaving substantial income potential to unlock by renting both residences. Under 500 steps to the beach, this versatile property sits on nearly a quarter acre and combines multiple living spaces, established short-term rental history, generous storage, and flexibility for personal use or investment. Remodeled in 2017, the main residence features bright, inviting living spaces, an open, functional flow, and a private outdoor area perfect for unwinding after the beach or entertaining guests. The separate carriage house/ADU, built in 2023, adds immediate rental appeal and includes a two-car garage with its own entrance. Depending on your vision and needs, the carriage house garage could readily...

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Home facts

  • Year built:1964
  • Subdivision & Development:Laguna Beach Estates
  • Listing ID #:797404
  • Added:2 day(s) ago
  • Updated:November 07, 2026 at 03:35 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:3
  • Half bathrooms:1
  • Rooms Total:14
  • Flooring:Plank, Vinyl
  • Dining Description:SmartThermostat
  • Bathrooms Description:SmartThermostat
  • Kitchen Description:Electric Cook Top, Electric Oven, Electric Range, Tankless Water Heater, Water Softner Owned
  • Bedroom Description:SmartThermostat
  • Living area:2,798 sq. ft.

Heating and cooling

  • Cooling:CentralAir, Ductless
  • Heating:Central, Electric, Heat Pump
  • Central air:Yes

Structure and exterior

  • Roof:Metal
  • Year built:1964
  • Building area:2,798 sq. ft.
  • Lot area:0.22 Acres
  • Construction Materials:Block
  • Exterior Features:Balcony, Outdoor Shower, Patio, Porch
  • Foundation Description:Slab

Schools

  • High school:Arnold
  • Middle school:Surfside
  • Elementary school:West Bay

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,199,000
  • Price per sq. ft.:$428.52
  • Tax amount:$4,972 (2025)

Features and amenities

  • Laundry features:Washer Dryer Stacked
  • Amenities:ElectricCooktop, ElectricOven, ElectricRange, SecuredGarageParking, SecuritySystem, SmartThermostat, SmokeDetectors, TanklessWaterHeater, WasherDryerStacked, WaterSoftenerOwned

Parking

  • Parking description:Additional Parking, Paved
  • Garage:Yes
  • Garage spaces:4
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