Homes for sale - 5519_5521 Beach DR, Panama City, FL 32408

$400,000

$435,000 8.0%

Est. payment - /mo

4 Beds

4 Baths

1,605 SqFt

UPDATED:

Key Details

Sold Price $400,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,605 sqft

Price per Sqft $249

Subdivision Baltimore Beach

MLS Listing ID 767454

Sold Date 07/07/25

Style Duplex

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 2003

Annual Tax Amount $1,401

Tax Year 2023

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Duplex

Property Description

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERSIf you have been looking to own and profit on Panama City Beach, this may be the perfect income-producing property for you. Just one block from the beach, this reasonably priced duplex has no HOAs and offers a fantastic location where you and your guests can enjoy many amenities year after year. Currently rented to long-term tenants, grossing $33,000, the short-term rental potential would be much higher, leaving plenty of room to call this a solid investment. You may be ready to live beach side on a budget and enjoy living in one unit and renting out the other. You and your guest will enjoy high ceilings with lots of natural light, a split bedroom floor plan, a full laundry room, and open concept living and kitchen area along with an open patio and a sizable fenced-in backyard for both units, so take a short walk to the beach, garden in your backyard or stay in and relax in either of these efficient two bedroom two bathroom units. This low-maintenance property is a fantastic way to break into beach life.
The roof was replaced in January 2019, the Water Heater in December 2024, and the Washer/Dryer in December 2018 in unit 5519. In unit 5521, the A/C was replaced in July 2017, the Washer/Dryer in June 2021, and the Water Heater in December 2024. Last but not least, the property is hooked up to public water and sewer.

Location

State FL

County Bay

Community Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Heating Electric

Fireplace No

Appliance Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater

Exterior

Fence Fenced

Community Features Short Term Rental Allowed

Utilities Available Electricity Available

Building

Lot Description Paved

Sewer Public Sewer, Sewer Tap Paid

Architectural Style Duplex

New Construction No

Schools

Elementary Schools Patronis

Middle Schools Surfside

High Schools Arnold

Others

Tax ID 31858-000-000

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Listed by CENTURY 21 Ryan Realty Inc
Bought with Beachy Beach Real Estate

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Tyler Coon

+1(828) 620-2541

Founder & CEO | License ID: 313885

Founder & CEO License ID: 313885

5519_5521 Beach DR Panama City, FL 32408