Panama City Beach, FL 32408,5116 Beach DR
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Panama City Beach, FL 32408,5116 Beach DR
Panama City Beach, FL 32408,5116 Beach DR
Panama City Beach, FL 32408,5116 Beach DR
Panama City Beach, FL 32408,5116 Beach DR

$520,000

Est. payment /mo

$599,000

13.2%
Est.Price: ?

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5116 Beach DR Panama City Beach, FL 32408

4 Beds

4 Baths

2,548 SqFt

SOLD DATE : 04/11/2024

Key Details

Sold Price $520,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,548 sqft

Price per Sqft $204

Subdivision Treasure Island

MLS Listing ID 751829

Sold Date 04/11/24

Style Duplex

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1981

Annual Tax Amount $6,274

Tax Year 2023

Property Description

Welcome to 5116 Beach Drive, a fantastic investment opportunity in the heart of Panama City Beach, FL! This charming two-story 4/4 duplex is perfect for savvy investors looking to maximize rental income or enjoy a flexible living arrangement. ***Golf Cart will convey with purchase!Investment Potential: This versatile property allows you to live in one side while renting out the other, creating an ideal income-generating scenario. Alternatively, capitalize on exceptional rental income by leasing both units. Each unit is a 2/2, and both have large sunrooms for additional sleeping arrangements. The potential is limitless, offering a smart investment strategy for those seeking to make the most of their real estate portfolio.Location: Situated just a short walk from the breathtaking beaches of Panama City Beach, this duplex is in a prime location on the East end. Immerse yourself in the coastal lifestyle, with sand and surf just moments away. Additionally, you'll find an array of restaurants and attractions in close proximity, ensuring convenience and entertainment at your doorstep.Accommodations: This property has the capacity to accomodate a large family. The downstairs unit comfortably sleeps 9 people, while the upstairs unit can be furnished to sleep the same amount, possibly more depending on how to furnish it out. Whether you're seeking a vacation home or an income-generating property, the flexibility of this duplex caters to various needs.Outdoor Amenities: Enjoy the Florida sunshine in the spacious yard, providing plenty of room for a pool or outdoor gatherings. The two driveways offer ample parking space and are ideal for those with boats or RVs, adding an extra layer of convenience and versatility to this great property.Don't miss out on the opportunity to own a piece of paradise with this two-story duplex at 5116 Beach Drive. Embrace the potential for exceptional rental income, prime location, and the convenience of walking distance to the beautiful beaches. Act now and turn this property into your next successful investment!

Location

State FL

County Bay

Community Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Furnishings Partially

Fireplace No

Exterior

Community Features Short Term Rental Allowed

Utilities Available Electricity Connected, Septic Available, Water Connected

Waterfront No

Building

Sewer Septic Tank

Architectural Style Duplex

Schools

Elementary Schools Patronis

Middle Schools Surfside

High Schools Arnold

Others

Tax ID 31523-000-000

Financing Conventional

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Listed by Salty Marlin Realty LLC
Bought with NON-MEMBER OFFICE

Candi & Brad

Real Estate Advisors | License ID: SL3434249 & SL3156311

+1(850) 919-2299

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