Active
5519_5521 Beach Drive
Panama City FL, 32408
$485,000
$638.16 per sqft
Active
2 Beds
2 Baths
760 sqft
Multi-family
Built in 2003
If you have been looking to own and profit on Panama City Beach, this may be the perfect income-producing property for you. Just one block from the beach, this reasonably priced duplex has no HOAs and offers a fantastic location where you and your guests can enjoy many amenities year after year. Currently rented to long-term tenants, grossing $33,000, the short-term rental potential would be much higher, leaving plenty of room to call this a solid investment. You may be ready to live beach side on a budget and enjoy living in one unit and renting out the other. You and your guest will enjoy high ceilings with lots of natural light, a split bedroom floor plan, a full laundry room, and open concept living and kitchen area along with an open patio and a sizable fenced-in backyard for both units, so take a short walk to the beach, garden in your backyard or stay in and relax in either of these efficient two bedroom two bathroom units. This low-maintenance property is a fantastic way to break into beach life. The roof was replaced in January 2019, the Water Heater in December 2024, and the Washer/Dryer in December 2018 in unit 5519. In unit 5521, the A/C was replaced in July 2017, the Washer/Dryer in June 2021, and the Water Heater in December 2024. Last but not least, the property is hooked up to public water and sewer.
767454
MLSⓇ ID
January 19, 2025
Listed
January 20, 2025
Updated
Map
5519_5521 Beach Drive
Panama City FL, 32408
Interior Features
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
2
Appliances
Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Architectual Style
Duplex
Roof
Composition, Shingle
School Information
High School
Arnold
Elementary School
Patronis
Other Property Details
Area Name
03 - Bay County - Beach
Taxes
$1,401
Tax Frequency
Annually
Days on Market
7
Garage
No
Parking
Driveway
View
No
County
Bay
Pool
No
Courtesy of CENTURY 21 Ryan Realty Inc, Melany Hathcock,
Listing Contact: (850) 628-0253
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