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 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Real Experts shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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