* 5 Doors from the Shore - Invest in Style & Income!*
Investor's dream in Panama City Beach! This exceptional turnkey rental package includes a beautifully designed triplex and duplex, sold together and fully furnished for immediate income generation. Built in 2020, the triplex offers over 4,000 square feet of thoughtfully planned space, featuring 9 bedrooms and 9 bathrooms across three individually themed units: The Beach Cabana, The Groovy Shack, and Welcome to Paradise. Each unit is uniquely styled to provide guests with a one-of-a-kind, Instagram-worthy experience, complete with private entrances, vibrant exterior doors, and modern coastal finishes that capture the laid-back beach vibe.
The adjoining duplex adds another 2,800 square feet of living space, offering 4 bedrooms and 6 bathrooms across two distinct units: The Surf House and The Tropical House. Like the triplex, these units continue the playful, curated design aesthetic and are optimized for maximum guest appeal and rental performance. Every unit has been thoughtfully furnished and is fully equipped, making this a true plug-and-play investment opportunity.
Guests will love the short walk to the Gulf, where they can enjoy white sandy beaches and turquoise waters—making these rentals even more attractive in Panama City Beach's thriving vacation market. With strong rental history and impressive income (figures available upon request), this property is already a high-performing asset with even more room to grow.
Plans are in place for a 3-bedroom townhouse to be added on the west side of the lot, offering future expansion potential and additional income opportunities. Located just minutes from popular dining, shopping, and entertainment, this property package delivers the perfect combination of location, lifestyle, and long-term value. Whether you're looking to expand your portfolio or break into the short-term rental space, this opportunity checks all the boxes.
For sale
$2,099,000
10609 Parkhill Cir, Panama City Beach, FL 32407
13beds
6,856sqft
Triplex, Multi Family
Built in 2020
-- sqft lot
$-- Zestimate®
$306/sqft
$-- HOA
What's special
Modern coastal finishesPrivate entrancesLaid-back beach vibeTurquoise watersWhite sandy beachesIndividually themed unitsVibrant exterior doors
- 494 days
- 242
- 21
Zillow last checked:
Listing updated:
Listed by:
Kristen Counts Barr 850-832-3728,
Counts Real Estate Group Inc
Source: CPAR,MLS#: 772255
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 15
- Full bathrooms: 15
Rooms
- Room types: Bedroom, Kitchen, Living Room
Bedroom
- Description: Triplex
- Level: Second
- Dimensions: 14.08 x 10.91
Bedroom
- Description: Duplex
- Level: Second
- Dimensions: 14.08 x 12.47
Bedroom
- Description: Triplex
- Level: Second
- Dimensions: 14.08 x 10.91
Bedroom
- Description: Duplex
- Level: Second
- Dimensions: 10.13 x 13.92
Bedroom
- Description: Triplex
- Level: Second
- Dimensions: 10.95 x 12.83
Bedroom
- Description: Triplex
- Level: First
- Dimensions: 12.69 x 10.32
Bedroom
- Description: Triplex
- Level: Second
- Dimensions: 10.95 x 12.83
Bedroom
- Description: Triplex
- Level: First
- Dimensions: 12.69 x 10.32
Kitchen
- Description: Triplex
- Level: First
- Dimensions: 10.92 x 16.35
Kitchen
- Description: Duplex
- Level: First
- Dimensions: 10.99 x 19.21
Living room
- Description: Duplex
- Level: First
- Dimensions: 15.9 x 14.03
Living room
- Description: Triplex
- Level: First
- Dimensions: 12.76 x 17.28
Living room
- Description: Triplex
- Level: First
- Dimensions: 12.76 x 17.28
Heating
- Electric
Cooling
- Ceiling Fan(s)
Appliances
- Included: Electric Range, Electric Water Heater
Interior area
- Total structure area: 6,856
- Total interior livable area: 6,856 sqft
Property
Parking
- Parking features: Gravel
Features
- Levels: Two
- Stories: 2
- Fencing: Fenced
Lot
- Size: 0.35 Acres
- Dimensions: 150 x 101
- Features: Paved
Details
- Parcel number: 34980000000
- Zoning description: Resid Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Roof: Metal
Condition
- New construction: No
- Year built: 2020
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Connected, Electricity Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: No Named Subdivision
HOA
- Has HOA: No
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $306/sqft
- Tax assessed value: $409,138
- Annual tax amount: $4,706
- Date on market: 4/21/2025
- Cumulative days on market: 462 days
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,479/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Price change | $2,099,000-10.7%$306/sqft |
Source: | ||
| 1/3/2026 | Price change | $2,350,000-6%$343/sqft |
Source: | ||
| 8/18/2025 | Price change | $2,499,0000%$364/sqft |
Source: | ||
| 8/16/2025 | Price change | $2,499,999-7.4%$365/sqft |
Source: | ||
| 7/10/2025 | Price change | $2,699,000-8.5%$394/sqft |
Source: | ||
| 6/10/2025 | Price change | $2,950,000+0%$430/sqft |
Source: | ||
| 6/4/2025 | Price change | $2,949,000-4.7%$430/sqft |
Source: | ||
| 4/21/2025 | Listed for sale | $3,095,000+1564.9%$451/sqft |
Source: | ||
| 8/25/2005 | Sold | $185,900$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,706 +4.2% | $354,441 +10% |
| 2023 | $4,517 +27.5% | $322,219 +10% |
| 2022 | $3,542 | $292,926 |
| 2021 | -- | -- |
| 2020 | $3,039 +6.8% | $240,614 +2.5% |
| 2019 | $2,845 | $234,641 +9.1% |
| 2018 | $2,845 +6.3% | $215,137 -0.4% |
| 2017 | $2,676 +6.8% | $216,017 -0.9% |
| 2016 | $2,504 -5.8% | $217,916 -1.7% |
| 2015 | $2,657 | $221,714 -0.8% |
| 2014 | $2,657 | $223,614 -3.6% |
| 2013 | -- | $231,888 |
| 2012 | -- | $231,888 -13.8% |
| 2011 | -- | $269,109 -2.7% |
| 2010 | -- | $276,650 -6.8% |
| 2009 | -- | $296,736 -9.6% |
| 2008 | -- | $328,073 -1.1% |
| 2007 | -- | $331,643 +22.6% |
| 2006 | -- | $270,579 +20% |
| 2005 | -- | $225,461 +52% |
| 2004 | -- | $148,347 |
| 2003 | -- | $148,347 +5.1% |
| 2002 | -- | $141,114 |
| 2001 | -- | $141,114 +13.8% |
| 2000 | -- | $124,053 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 32407
Nearby schools
Schools provided by the listing agent
- Elementary: Hutchison Beach
- Middle: Surfside
- High: Arnold
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






