Multi-Family $ 1,840,000

5012 Gulf DR #1,2,3,4

Panama City Beach, FL 32408

  • 10 Beds
  • 8 Baths
    Full Baths: 8
  • 3,500 SqFt
  • 5,662 Lot Size
  • 1973 Year Built
60 FEET FROM BEACH ACCESS | RARE QUAD-PLEX PACKAGE WITH HUGE VACATION RENTAL INCOME POTENTIAL! Located approximately 60 feet from a wide paved public beach access, this extremely rare four unit beachside complex offers a unique opportunity to own a 2 story entire ground level quadplex at the end of a quiet cul de sac with no thru traffic. The direct proximity to beach access combined with the low density setting creates strong and consistent short term rental demand in Panama City Beach.

The property consists of four ground floor units totaling approximately 3,500 square feet with 10 bedrooms and 8 bathrooms across the complex and is situated on approximately 0.13 acres. Unit 1 and Unit 3 are each 3 bedroom 2 bath units of approximately 935 square feet, while Unit 2 and Unit 4 are each 2 bedroom 2 bath units of approximately 815 square feet. The property includes a shared community pool.

There is no HOA and short term rentals are allowed. The entire complex is being offered fully furnished and turnkey, allowing a new owner to begin generating rental income immediately upon closing while capturing peak revenue as the Panama City Beach spring and summer seasons approach.

The units offer functional layouts, durable finishes, and ground floor access that renters consistently prefer. Major building improvements have already been completed including solid all brick construction with dual layers of elastomeric stucco and paint, a 2024 standing seam metal roof w new truss system and hurricane clips, updated windows and doors, HVAC and water heaters replaced .

Ownership of the entire complex provides FULL control of the building and common areas, allowing a buyer to establish access, usage, and management standards that align with their investment strategy. The seller has prepared rental projections estimating gross annual income potential in the range of approximately $200,000 to $225,000 when operated as short term rentals, and rental projections are estimates and not guaranteed. Previous numbers are available under a contingency.

Quadplexes offering direct beach access, no HOA restrictions, rental flexibility, and scale potential rarely come available as a single acquisition in this location. Assets with this level of location, scale, and rental flexibility do not stay available long. Call your favorite agent today to schedule a showing and learn more about this STR quadplex opportunity in Panama City Beach, FL!
Listed by LPT Realty LLC

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Quadruplex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 3, 500 sqft

    Price per Sqft $525

    Subdivision Gulfside Condo.

    MLS Listing ID 783708

    Bedrooms 10

    Full Baths 8

    HOA Y/N No

    Year Built 1973

    Tax Year 2025

    Lot Size 5,662 Sqft

    Acres 0.13

    Property Sub-Type Quadruplex

  • 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

    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, Electric Water Heater

    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 32256-009-000

    Special Listing Condition Listed As-Is

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CONTACT

Kerry Jayne Jackson
Kerry Jayne Jackson

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