$499,900
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5012 Gulf Drive Unit 3 Panama City Beach, FL 32408
Condo
Residence
3
Beds
2
Baths
935
Sq. Ft.
Property Activity
Time on Site
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New Property Video & 3D Home Tour! Rare opportunity to own a second-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 several restaurants, including Schooners. ...Enjoy water views and added privacy from the upper level. Simply step outside and you're less than 60 feet from the beach, making this unit highly desirable for both short-term rentals and personal use. The unit features updated LVP flooring with upgraded rubber backing, a functional layout, and durable, low-maintenance finishes. 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 rare opportunity for investors to acquire multiple units in the same small complex directly across from beach access — an opportunity that seldom comes available in this area at this price point. Ideal for investors looking to scale a beach rental portfolio in one location.
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MLS#
783288
Property Type
Condo
Bedrooms
3
Bathrooms
2 Full
Year Built
1973
Square Feet
935
sq. ft
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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