209 Oleander Drive, Panama City Beach, FL 32413

Panama City Beach
Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast
209 Oleander Drive,Panama City Beach, FL 32413
$1,119,000
  • 4 Beds
  • 4 Baths
  • 2,798 sq. ft.
  • Single family
  • Active
Listed by: mike herring
Office: keller williams realty srb
MLS#:1014874
Source:FL_ECAR

Price summary

  • Price:$1,119,000
  • Price per sq. ft.:$399.93

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 7TH ADDN
  • Listing ID #:1014874
  • Added:4 day(s) ago
  • Updated:November 09, 2026 at 08:42 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:3
  • Half bathrooms:1
  • Rooms Total:13
  • Kitchen Description:Cooktop, Dishwasher, Microwave, Range Hood, Refrigerator, Stove/Oven Electric
  • Living area:2,798 sq. ft.

Heating and cooling

  • Central air:Yes

Structure and exterior

  • Year built:1964
  • Building area:2,798 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Interior
  • Architectural Style:Beach House
  • Exterior Features:Balcony, Fenced Area, Hurricane Shutters, Shower

Schools

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

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$1,119,000
  • Price per sq. ft.:$399.93
  • Tax amount:$4,972 (2025)

Features and amenities

  • Appliances:Cooktop, Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Stove/Oven Electric, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Pantry

Parking

  • Garage:Yes
  • Garage spaces:4
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