5012 Gulf Drive #3, Panama City, FL 32408

Local realty services provided by:Better Homes and Gardens Real Estate Historic
5012 Gulf Drive #3,Panama City, FL 32408
$499,900
  • 3 Beds
  • 2 Baths
  • 875 sq. ft.
  • Condominium
  • Active
Listed by: kerry j jackson
Office: lpt realty llc.
MLS#:783288
Source:FL_BCMLS

Price summary

  • Price:$499,900
  • Price per sq. ft.:$571.31

About this home

Rare opportunity to own a second-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 several restaurants, including Schooners. Enjoy water views and added privacy from the upper level. Simply step outside and you're less than 60 feet from the beach, making this unit highly desirable for both short-term rentals and personal use. The unit features updated LVP flooring with upgraded rubber backing, a functional layout, and durable, low-maintenance finishes. 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

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Home facts

  • Year built:1973
  • Listing ID #:783288
  • Added:2 day(s) ago
  • Updated:January 09, 2026 at 07:43 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:875 sq. ft.

Heating and cooling

  • Cooling:CentralAir
  • Heating:Central, Electric

Structure and exterior

  • Year built:1973
  • Building area:875 sq. ft.

Schools

  • High school:Arnold
  • Elementary school:Patronis

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$499,900
  • Price per sq. ft.:$571.31
  • Tax amount:$738 (2024)
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