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    centralbayrealestate@gmail.com
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  • Central Bay Realty & Property Management
    732 Ohio Ave
    Lynn Haven, FL 32444
    (850) 257-5016
    centralbayrealstate@gmail.com

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      $499,900
      For Sale

      5012 Gulf Drive #1

      Panama City, FL 32408
      3 beds | 2 baths | #783286
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      51 photos
      Type:Purchase
      Structure:Condo
      Zone:Residential

      Description

      Rare opportunity to own a ground-floor 3 bedroom, 2 bath beachside condo at the end of a cul-de-sac with no thru traffic, located directly across from an extra-wide, paved public beach access and within walking distance to a few restaurants including Schooners. Simply walk out your front door and you're less than 60 feet from the beach, making this unit extremely attractive for short-term rentals and personal use alike. The unit features updated LVP flooring with upgraded rubber backing, a functional layout, and durable finishes designed for low-maintenance ownership. The building has seen major improvements including all-brick construction with dual layers of elastomeric stucco and paint, a 2024 standing-seam metal roof, updated windows and doors, and water heaters replaced in 2021. Owners enjoy a shared pool, no HOA, short-term rentals allowed, and two assigned parking spaces per unit. The owner currently has Units #1, #3, and #4 available, offering a unique chance for investors to acquire multiple units in the same small complex directly across from beach access — an opportunity that rarely comes available in this area at this price point. Ideal for investors looking to scale a beach rental portfolio in one location.

      • Property Details
          • Utility FeaturesElectricity Available
          • SubdivisionGulfside Condo.
          • Sewer InformationPublic Sewer
          • Short SaleListed As Is
          • Property SubtypeCondominium
          • PoolCommunity
          • Pool FeaturesCommunity
          • Property TypePurchase
          • StyleLow Rise
          • Elementary SchoolPatronis
          • Middle SchoolSurfside
          • Original List Price$499,900
          • Cost499900.0
          • High SchoolArnold
          • MLS #783286
          • MLS #783286
          • Lot DescriptionPaved
          • Exterior MaterialsPatio
          • ViewGulf
          • Year Built1973
          • Taxes Annual$738
          • Bathrooms2.0
          • CountyBay
          • Bedrooms3
          • Full Baths2
          • Stories2
          • Days on Market (Cumulative)2

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      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

      Last Updated: Today at 3:37 PM. Source: CPAR

      Provided By
      Listing Agent: Kerry J Jackson (#B7692)
      Listing Office: LPT Realty LLC (#LPTR)

      Bruce BushReal Estate Group
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