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$674,900

Investment opportunity in the desirable Gulf Vista community on the west end of Panama City Beach! This fully occupied duplex offers immediate rental income and exceptional future potential. Situated on a large lot with room to expand, add additional improvements, or create enhanced outdoor living spaces, this property offers flexibility that goes beyond a typical duplex investment. Ideal for an owner-occupant looking to offset expenses by living in one unit while generating income from the other, this property presents a rare opportunity in a highly sought-after coastal location. One standout feature of this location is its proximity to the secluded beach access at the south end of Lakeview Drive--an undeveloped stretch of coastline with no homes built directly on the beach, offering a more natural, quiet, and uncrowded beach experience that is increasingly hard to find. BOTH UNITS NOW FEATURE FRESH INTERIOR PAINT AND BRAND NEW CARPET. Each unit features a functional two-bedroom, one-bath layout with numerous updates over the years, including new windows in 2018 and renovations completed in 2021. Unit 21106 received a new water heater in 2025. In 2026, Unit 21104 was further improved with an updated bathroom, new kitchen flooring, and updated appliances, including a washer, dishwasher, range, and hood. Positioned on the west end of Panama City Beach, this property offers convenient access to the dining, shopping, and charm of 30A to the west and Pier Park to the east. New hot water heater installed in 21106 in 2025. In 2026, Unit 21104 was further improved with new carpet, fresh interior paint, an updated bathroom, and updated kitchen flooring, along with washer, dishwasher, range, and hood, featuring white appliances. Unit 21104 includes stainless steel appliances, washer and dryer, interior paint, a remodeled bathroom, water heater, carpet, and a rocked backyard with an 8'x10' storage shed. Positioned on the west end of Panama City Beach, this property enjoys convenient access to the dining, shopping, and charm of Scenic Highway 30A, while still being just a short drive to Pier Park to the east--offering the best of both lifestyles. With vacation rentals restricted per deed, this property is well-suited for stable, long-term rental income while still benefiting from a highly desirable coastal location.

4 Beds ⋅ 2 Baths ⋅ 999673 MLS ⋅ 2,144 SqFt.

21104 S Lakeview Dr, Panama City Beach