5216 Beach Drive, Panama City, FL 32408
- $607,500
- 5
- BD
- 5
- BA
- Sold Price
- $607,500
- List Price
- $629,900
- Closing Date
- Mar 06, 2026
- MLS#
- 780294
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 5
- Lot Size
- 5,968
- Neighborhood
- Beach - South of Grand Lagoon
Property Description
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Discover this beautifully updated property featuring three independent income-producing units, each with its own private entrance. Live in one and rent out the others, or maximize your investment by leasing all three! The home includes two spacious 2-bedroom units and one cozy 1-bedroom unit, offering flexible living or rental options. The downstairs 2-bedroom unit even includes built-in bunks, perfect for accommodating larger families or vacation guests. Upstairs, enjoy both front and back deck areas where you can catch a peek-a-boo view of the Gulf and coastal breezes. Out back, a covered picnic area with tables and grills makes for the ideal space for gatherings and cookouts. A pet-friendly fenced yard adds extra convenience and appeal for tenants or guests with pets. This investor's dream is perfectly situated just 1½ blocks from the sugar-white sands of Gulf Access #5 and minutes from St. Andrews State Park, local shops, and some of Panama City Beach's best dining spots. Don't miss this rare opportunity to own a turnkey, income-producing property in one of the Gulf Coast's most desirable beach communities!
Additional Information
- Acres
- 0.14
- Appliances
- Electric Cooktop, Electric Water Heater
- Elementary School
- Patronis
- Exterior Features
- Deck
- High School
- Arnold
- Lot Dimensions
- 50 x 100
- Middle School
- Surfside
- Neighborhood
- Beach - South of Grand Lagoon
- Project Facilities
- Short Term Rental Allowed
- Stories
- 2
- Subdivision
- Biltmore Beach
- Utilities
- Electricity Available
- Year Built
- 1983
Mortgage Calculator
Listing courtesy of LoKation Real Estate. Selling Office: Local Insight Realty.