5928 Beach Drive
Panama City Beach, FL 32408
- 5 beds
- 3 baths
- 1,963 sqft
- 6,098 sqft lot
- $340 per sqft
- 1997 build
- – on site
Proven Income-Generating Gem: Investor's Dream in Panama City Beach! Turnkey High-Earning Vacation Rental - Prime Opportunity! This 5-bedroom, 3-bathroom, single-story home is a proven cash-flow powerhouse! With a 2023 gross rental income of $93,000 and 2024 on track for similar success, this property outperforms projections year after year. Fully turnkey, it conveys all updated furnishings, décor (refreshed in 2023), and smart home features, including digital thermostats and exterior cameras. Whether you're a seasoned investor or a first-time buyer, this property is set up for seamless management and maximum occupancy, comfortably accommodating up to 12 guests. Exceptional Features Designed for High Demand " Guest-Friendly Layout: Single-story home with zero stairs, tile flooring throughout, vaulted ceilings, and stainless steel appliances. " Entertainment Spaces: Two enclosed porches, multiple dining areas, and a private backyard with a fire pit, BBQ grill, and plenty of room for outdoor fun. " Enhanced Amenities: Pet-friendly backyard, outdoor shower, a spacious laundry/utility room with a second refrigerator, and ample parking for guests. " Group-Friendly Design: Two King en-suites (one with patio access), two Queen bedrooms, and a double bunk bedroom ensure privacy and comfort for families or group bookings. Prime Location for Year-Round Bookings Known as "Pelican Paradise" on Airbnb, this rental boasts 65 reviews with a 4.62-star average rating. Located just blocks from a public boat ramp, it's perfect for water enthusiasts bringing boats or jet skis. Public beach access is nearby, with Rick Seltzer Beach Park and St. Andrews State Park just a mile away. Local dining, entertainment, and golf are within a two-mile radius, making this property an in-demand destination for vacationers. This is your chance to own a high-performing, low-maintenance investment property in the heart of Panama City Beach's vacation rental market. Don't waitcontact your real estate agent today to schedule a showing or request more details! Note: Buyer to verify all measurements and any information deemed important.
Last checked:
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Last updated Jan 31, 2025
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MLS# 951651 —
The Building
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Year Built:1997
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Construction Materials:Roof Metal, Vinyl Siding, Trim Vinyl, Trim Wood
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Building Area Total:1963.0
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Building Area Source:Appraiser
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Architectural Style:Beach House
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Basement:None
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Stories:1
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Levels:None
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Foundation Details:None
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Exterior Features:Fenced Back Yard, Fenced Privacy, Fireplace, Patio Open, Porch Screened
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Patio And Porch Features:None
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Accessibility Features:None
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Security Features:None
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Direction Faces:None
Interior
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Interior Features:Breakfast Bar, Ceiling Raised, Ceiling Vaulted, Floor Tile, Furnished - All, Lighting Recessed, Newly Painted, Pantry, Renovated, Window Treatment All
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Rooms Total:9
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Flooring:None
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Fireplace:No
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Fireplaces Total:None
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Fireplace Features:None
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Laundry Features:None
Room Dimensions
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Living Area:None
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Living Area Units:None
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Living Area Source:None
Financial & Terms
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Buyer Financing:Conventional, FHA, VA, Other
Location
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Directions:Heading East on Thomas Drive, turn Left on Dolphin Dr, Turn Left on Beach Dr - home will be on the Right. Heading West on Thomas Drive, turn Right on Dolphin Dr, Turn Left on Beach Dr. Home will be on
The Property
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Property Type:Residential
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Property Subtype:Detached Single Family
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Property Condition:Construction Complete
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Property Attached:None
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Lot Size Acres:0.14
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Lot Size Area:0.14
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Lot Size Dimensions:50x120
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Lot Size SqFt:6098.4
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Lot Size Units:Acres
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Zoning:Resid Multi-Family
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Possible Use:None
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Parcel Number:32122-000-000
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Topography:None
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Waterfront:No
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Water Body Name:None
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Legal Description:BILTMORE BEACH 1ST ADD LOT 23 BLK K ORB 4642 P 1683
Beds
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Bedrooms Total:5
Baths
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Total Baths:3.0
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Total Baths:3
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Full Baths:3
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Partial Baths:None
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Three Quarter Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
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Home Warranty:No
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Electric, Public Water, Septic Tank, TV Cable
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Electric:None
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Sewer:None
Appliances
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Appliances:Cooktop, Dishwasher, Dryer, Freezer, Microwave, Oven Double, Refrigerator, Washer
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Dryer:true
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Washer:true
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Microwave:true
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Dishwasher:true
Schools
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Elementary School:Patronis
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Elementary School District:None
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Middle Or Junior School:Surfside
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Middle Or Junior School District:None
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High School:Arnold
The Community
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Subdivision Name:BILTMORE BEACH 1ST ADDN
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Association:No
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Association Amenities:None
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Association Fee:None
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Pool Private:None
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Spa Features:None
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Pets Allowed:None
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Senior Community:No
Parking
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Carport:false
Monthly cost estimate
Asking price
$667,500
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,574
|
| Taxes | N/A |
| Insurance | $183 |
| Utilities | $203 See report |
| Total | $3,960/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/31/25
Jan 31, 2025
|
Relisted | ECARMLS | $667,500 | |
|
1/26/25
Jan 26, 2025
|
Pending | ECARMLS | $667,500 | |
|
1/24/25
Jan 24, 2025
|
Price Changed | ECARMLS | $667,500 | -1.0% |
