Condo $ 499,900

5012 Gulf DR #1

Panama City, FL 32408

  • 3 Beds
  • 2 Baths
    Full Baths: 2
  • 875 SqFt
  • 1973 Year Built
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 — 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.
Listed by LPT Realty LLC

PROPERTY DETAIL

  • Key Details

    Property Type Condo

    Sub Type Condominium

    Listing Status Active

    Purchase Type For Sale

    Square Footage 875 sqft

    Price per Sqft $571

    Subdivision Gulfside Condo.

    MLS Listing ID 783286

    Style Low Rise

    Bedrooms 3

    Full Baths 2

    HOA Y/N No

    Year Built 1973

    Annual Tax Amount $738

    Tax Year 2024

    Property Sub-Type Condominium

  • Location

    State FL

    County Bay

    Community Pool, Community Pool, Short Term Rental Allowed

    Area 03 - Bay County - Beach

  • Building

    Lot Description Paved

    Story 2

    Entry Level Two

    Sewer Public Sewer

    Architectural Style Low Rise

    Level or Stories Two

    New Construction No

  • Interior

    Heating Central, Electric

    Cooling Central Air

    Flooring Luxury Vinyl Plank

    Fireplace No

    Appliance Washer/Dryer Stacked, Electric Range

    Laundry Stacked

  • Exterior

    Exterior Feature Patio

    Parking Features Additional Parking, Paved

    Pool Community

    Community Features Pool, Community Pool, Short Term Rental Allowed

    Utilities Available Electricity Available

    View Y/N Yes

    View Gulf

    Porch Balcony, Covered, Patio, Porch

    Private Pool No

  • Schools

    Elementary Schools Patronis

    Middle Schools Surfside

    High Schools Arnold

  • Others

    Tax ID 32256-010-000

    Special Listing Condition Listed As-Is

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CONTACT

Kerry Jayne Jackson
Kerry Jayne Jackson

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