505 Beulah AVE Panama City, FL 32404

Reimagine life on the water with this unique property offering endless possibilities. Nestled on a large lot with stunning views of the bayou, this home provides easy access to East Bay, St. Andrews Bay, and the Gulf of Mexico, making it a dream location for boating and fishing enthusiasts. The property features a dock and boat launch, perfect for those who cherish a waterfront lifestyle. The spacious lot includes a large shed (20 x 12) and an RV hookup, catering to a variety of outdoor needs. The Florida room offers a tranquil spot to relax and enjoy the serene views, making it a perfect retreat after a day on the water. The entire exterior of the house, including both carports and all patios, has been recently repainted, ensuring a fresh and inviting appearance. Inside, the home retains its vintage charm, offering a blank canvas for those looking to create their ideal living space. While the interior is mostly original and requires significant updates, it boasts great potential for customization. The newer HVAC system installed in 2020, an updated electrical panel and a new roof after Hurricane Michael provide a solid foundation for future renovations. A standout feature of this property is the separate apartment, which includes a Murphy bed, three closets, a full bathroom and a kitchen/dining area. This versatile space can serve as a guest suite, an Airbnb rental or even a source of extra income. With its prime location and vast potential, this property is ideal for someone who loves boating, fishing and the opportunity to create a personalized home. Whether you envision it as a primary residence or a lucrative rental opportunity, this versatile opportunity is ready for you to make it your own.