Turnkey investment opportunity in Gulf Highlands Beach Resort! This fully furnished 3-bedroom + bonus room (4th bedroom) home with 3.5 baths is rental-ready and ideal for short-term or personal use. The interior offers a functional layout with open living space, equipped kitchen, and flexible sleeping arrangements to maximize occupancy. Located in a gated, amenity-rich community with 11 pools, beach access, tennis courts, and clubhouse-high guest demand year-round. Low HOA. Prime central PCB location close to dining, shopping, and attractions makes this a solid income-producing property.
For sale
$445,000
135 Grand Island Blvd, Panama City Beach, FL 32407
3beds
1,672sqft
Townhouse
Built in 1990
1,440 Square Feet Lot
$428,400 Zestimate®
$266/sqft
$374/mo HOA
What's special
Beach accessTennis courtsEquipped kitchenGated amenity-rich community
- 136 days
- 142
- 2
Zillow last checked:
Listing updated:
Listed by:
Viola Zhuravel 850-960-2455,
Fun Quest Vacation Rentals Corp
Source: CPAR,MLS#: 788313
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Bonus Room, Bedroom, Primary Bedroom
Primary bedroom
- Level: Second
- Dimensions: 12 x 15
Bedroom
- Level: Second
- Dimensions: 18 x 9
Bonus room
- Level: First
- Dimensions: 11 x 10
Heating
- Central, Natural Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater
Features
- Interior Steps, Tub Shower, Upper Level Primary
Interior area
- Total structure area: 1,672
- Total interior livable area: 1,672 sqft
Property
Parking
- Parking features: Paved, Gated
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
- Exterior features: Deck, Patio
- Pool features: Fenced, Gas Heat, In Ground, Community
Lot
- Size: 1,440 Square Feet
- Dimensions: 18 x 80
- Features: Paved
Details
- Parcel number: 34797834000
- Zoning description: Resort
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
- Attached to another structure: Yes
Materials
- Wood Frame
- Foundation: Slab
- Roof: Clay
Condition
- New construction: No
- Year built: 1990
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Connected, Electricity Available, High Speed Internet Available
Community & HOA
Community
- Features: Barbecue, Beach, Clubhouse, Fitness Center, Pool, Community Pool, Gated, Short Term Rental Allowed
- Security: Gated Community, Security Gate, Smoke Detector(s), Security Service
- Subdivision: Gulf Highlands Beach Resort
HOA
- Has HOA: Yes
- Amenities included: Beach Rights, Gated, Picnic Area
- Services included: Association Management, Cable TV, Fitness Facility, Fishing Rights, Internet, Maintenance Grounds, Pest Control, Pool(s), Security, Trash
- HOA fee: $1,122 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $266/sqft
- Tax assessed value: $385,120
- Annual tax amount: $4,602
- Date on market: 5/11/2026
- Cumulative days on market: 135 days
- Electric utility on property: Yes
Estimated market value
$428,400
$407,000 - $450,000
$2,318/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/11/2026 | Listed for sale | $445,000$266/sqft |
Source: | ||
| 4/27/2026 | Pending sale | $445,000$266/sqft |
Source: | ||
| 4/14/2026 | Listed for sale | $445,000-2.2%$266/sqft |
Source: | ||
| 9/30/2024 | Listing removed | $455,000$272/sqft |
Source: | ||
| 6/27/2024 | Price change | $455,000-2.2%$272/sqft |
Source: | ||
| 3/27/2024 | Price change | $465,000-2.1%$278/sqft |
Source: | ||
| 1/10/2024 | Listed for sale | $475,000+58.4%$284/sqft |
Source: | ||
| 11/8/2019 | Sold | $299,900$179/sqft |
Source: | ||
| 9/17/2019 | Listed for sale | $299,900+15.8%$179/sqft |
Source: CitiStar Realty #688612 Report a problem | ||
| 2/1/2018 | Sold | $259,000-5.6%$155/sqft |
Source: | ||
| 1/16/2018 | Listed for sale | $274,400$164/sqft |
Source: Scenic Sotheby's International Realty #777551 Report a problem | ||
| 1/16/2018 | Pending sale | $274,400$164/sqft |
Source: Scenic Sotheby's International Realty #777551 Report a problem | ||
| 10/30/2017 | Price change | $274,400-7%$164/sqft |
Source: Scenic Sotheby's International Realty #777551 Report a problem | ||
| 9/14/2017 | Listed for sale | $295,000$176/sqft |
Source: Scenic Sotheby's International Realty #777551 Report a problem | ||
| 8/28/2017 | Pending sale | $295,000$176/sqft |
Source: Scenic Sotheby's International Realty #777551 Report a problem | ||
| 6/14/2017 | Listed for sale | $295,000$176/sqft |
Source: Scenic Sotheby's International Realty #777551 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,323 +6.5% | $305,221 +10% |
| 2023 | $4,060 +33.6% | $277,474 +10% |
| 2022 | $3,040 | $252,249 |
| 2021 | -- | -- |
| 2020 | $2,617 +38.6% | $221,233 +45.2% |
| 2019 | $1,888 | $152,335 +12.3% |
| 2018 | $1,888 +8.9% | $135,682 +0.8% |
| 2017 | $1,734 +10.6% | $134,604 -0.1% |
| 2016 | $1,568 +1.7% | $134,799 +4.6% |
| 2015 | $1,541 | $128,872 -0.8% |
| 2014 | $1,541 | $129,921 -0.7% |
| 2013 | -- | $130,846 |
| 2012 | -- | $130,846 -6% |
| 2011 | -- | $139,239 -4.4% |
| 2010 | -- | $145,716 -10.7% |
| 2009 | -- | $163,204 -8.5% |
| 2008 | -- | $178,344 -10.7% |
| 2007 | -- | $199,770 -22.7% |
| 2006 | -- | $258,482 |
| 2005 | -- | $258,482 +157.7% |
| 2004 | -- | $100,305 |
| 2003 | -- | $100,305 +15.1% |
| 2002 | -- | $87,129 +13.6% |
| 2001 | -- | $76,685 +13.4% |
| 2000 | -- | $67,606 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
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.







