5012 Gulf Drive #1, Panama City Beach, FL 32408
Local realty services provided by:Better Homes and Gardens Real Estate Historic
Listed by: kerry j jackson
Office: lpt realty llc.
MLS#:783286
Source:FL_BCMLS
Price summary
- Price:$499,900
- Price per sq. ft.:$534.65
About this home
NOW BACK ON MARKET AT NO FAULT TO THE SELLER - New Property Video & 3D Home Tour! Rare opportunity to own a ground-floor 3 bedroom, 2 bath beachside condo at the end of a cul-de-sac with no thru traffic, located directly across from an extra-wide, paved public beach access and within walking distance to a few restaurants including Schooners. Simply walk out your front door and you're less than 60 feet from the beach, making this unit extremely attractive for short-term rentals and personal use alike. The unit features updated LVP flooring with upgraded rubber backing, a functional layout, and durable finishes designed for low-maintenance ownership.
The building has seen major improvements including all-brick construction with dual layers of elastomeric stucco and paint, a 2024 standing-seam metal roof, updated windows and doors, and water heaters replaced in 2021. Owners enjoy a shared pool, no HOA, short-term rentals allowed, and two assigned parking spaces per unit.
The owner currently has Units #1, #3, and #4 available, offering a unique chance for investors to acquire multiple units in the same small complex directly across from beach access. This is an opportunity that rarely comes available in this area at this price point. Ideal for investors looking to scale a beach rental portfolio in one location.
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Home facts
- Year built:1973
- Listing ID #:783286
- Added:46 day(s) ago
- Updated:March 02, 2026 at 03:33 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:7
- Kitchen Description:Electric Range, Electric Water Heater
- Living area:935 sq. ft.
Heating and cooling
- Cooling:CentralAir
- Heating:Central, Electric
Structure and exterior
- Roof:Metal
- Year built:1973
- Building area:935 sq. ft.
- Architectural Style:Low Rise
- Construction Materials:Stucco
- Exterior Features:Balcony, Patio, Porch
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Arnold
- Middle school:Surfside
- Elementary school:Patronis
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$499,900
- Price per sq. ft.:$534.65
- Tax amount:$738 (2024)
Features and amenities
- Laundry features:Washer Dryer Stacked
- Amenities:ElectricRange, ElectricWaterHeater, WasherDryerStacked
- Pool features:Community
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