Condo $ 449,900

5012 Gulf DR #4

Panama City Beach, FL 32408

  • 2 Beds
  • 2 Baths
    Full Baths: 2
  • 875 SqFt
  • 1973 Year Built
MORE PHOTOS COMING SOON! Rare opportunity to own a second-floor 2 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 rare opportunity for investors to acquire multiple units in the same small complex directly across from beach access — an opportunity that seldom 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 $514

    Subdivision Gulfside Condo.

    MLS Listing ID 783289

    Style Low Rise

    Bedrooms 2

    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 32256-040-000

    Special Listing Condition Listed As-Is

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CONTACT

Kerry Jayne Jackson
Kerry Jayne Jackson

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