Skip main navigation
For sale
    • Price cut: $4K (8/4)
    $1,275,000

    209 Oleander Dr, Panama City Beach, FL 32413

    4beds
    2,798sqft
    : 
    $8,249/mo
    Get pre-qualified
    Multi Family
    Built in 1964
    -- sqft lot
    $1,204,500 Zestimate®
    $456/sqft
    $-- HOA

    What's special

    Two separate living spacesSpacious l-shaped lotBright living spacesFunctional open flowWalk-in showersTankless water heatersFull appliance package
    OPPORTUNITY ABOUNDS ON THIS LAGUNA BEACH PROPERTY! Welcome to 209 Oleander Drive, ideally located in the heart of Panama City Beach on a spacious L-shaped lot, just steps from the sugar-white sands and emerald waters of the Gulf (less than 600 steps to the beach!). This versatile property is perfect as a primary residence, second home, or income producing Long or short-term rental with two separate living spaces. The main house, currently owner-occupied and remodeled in 2017, features bright living spaces and a functional, open flow that is welcoming for both owners and guests. Step outside to enjoy a private outdoor area perfect for relaxing after a day at the beach or entertaining visitors. A standout feature is the 30x30 insulated workshop, offering endless possibilities. With plumbing already in place, it could easily be converted into an additional rental unit, used for a home business, or serve as storage for vehicles or a collection. The property also includes a carriage house (ADU) built in 2023, complete with a two-car garage. Over the past two years, this unit has generated $25,000 annually in short-term rental income, making it an excellent opportunity for buyers seeking immediate investment potential. The two-car garage with separate entrance also offers the option to be converted into additional rental space. Both homes include a full appliance package, tankless water heaters, walk-in showers, and smoke detectors. The property is connected to city water and sewer (no septic), with one shared water/sewer bill and two separate electric meters. Refer to upgrade list in document section. Whether you're looking for a personal beach retreat, a long term or short term income-producing property, or a combination of both, this unique opportunity offers flexibility, expansion potential, ample storage, and an unbeatable location. Schedule your showing today and discover the possibilities of beach living and investment in Panama City Beach!
    165 days
    |
    437
    |
    20
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Chris M Shelton 850-896-2000,

    Beachy Beach Real Estate

    Source: CPAR,MLS#: 785643MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Breakfast Room/Nook, Bedroom, Family Room, Full Bath, Garage, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Studio
      Primary bedroom
      • Description: Main House
      • Level: First
      • Dimensions: 19 x 10
      Bedroom
      • Description: Carriage House
      • Level: Second
      • Dimensions: 15 x 13
      Bedroom
      • Description: Carriage House
      • Level: Second
      • Dimensions: 14 x 10
      Primary bathroom
      • Description: Main House
      • Level: First
      • Dimensions: 11 x 10
      Breakfast room nook
      • Description: Main House
      • Level: First
      • Dimensions: 19 x 10
      Family room
      • Description: Carriage House
      • Level: Second
      • Dimensions: 18 x 33
      Other
      • Description: Carriage House
      • Level: Second
      • Dimensions: 8 x 10
      Garage
      • Description: Carriage House
      • Level: First
      • Dimensions: 33 x 22
      Kitchen
      • Description: Main House
      • Level: First
      • Dimensions: 17 x 10
      Living room
      • Description: Main House
      • Level: First
      • Dimensions: 14 x 10
      Other
      • Description: Carriage House
      • Level: First
      • Dimensions: 22 x 11
      Heating
      • Central, ENERGY STAR Qualified Equipment, Heat Pump, Other, See Remarks
      Cooling
      • Central Air, Ductless, ENERGY STAR Qualified Equipment
      Appliances
      • Included: Washer/Dryer Stacked, ENERGY STAR Qualified Appliances, Electric Cooktop, Electric Oven, Electric Range, Water Softener Owned, Tankless Water Heater
      • Laundry: Stacked
      Features
      • Double Vanity, Main Level Primary, See Remarks, Smart Thermostat
      Interior area
      • Total structure area: 2,798
      • Total interior livable area: 2,798 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Additional Parking, Paved
      • Attached garage spaces: 3
      Features
      • Patio & porch: Balcony, Enclosed, Covered, Patio, Porch, Screened
      • Exterior features: Patio, Outdoor Shower, Porch
      • Fencing: Fenced,Partial
      Lot
      • Dimensions: 150 x 55 x 73 x 55
      • Features: Sprinkler System, Paved
      Details
      • Additional structures: Garage(s)
      • Parcel number: 36813000000
      • Zoning description: Resid Multi-Family
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Block, HardiPlank Type
      • Foundation: Slab
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1964

      Utilities & green energy

      • Utilities for property: Cable Connected, Sewer Available, Underground Utilities
      Green energy
      • Energy efficient items: Appliances

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Security: Secured Garage/Parking, Security System, Smoke Detector(s)
      • Subdivision: Laguna Beach Estates 7th Add
      HOA
      • Has HOA: No
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $456/sqft
      • Tax assessed value: $669,264
      • Annual tax amount: $4,972
      • Date on market: 2/24/2026
      • Cumulative days on market: 159 days

        Estimated market value

        $1,204,500

        $1.14M - $1.26M

        $2,080/mo

        Price history

        DateEventPrice
        8/4/2026Price change$1,275,000-0.3%$456/sqft
        Source: ECAOR #996241 Report a problem
        7/31/2026Price change$1,279,000+0.3%$457/sqft
        Source: ECAOR #996241 Report a problem
        7/30/2026Price change$1,275,000-1.8%$456/sqft
        Source: CPAR #785643 Report a problem
        6/18/2026Price change$1,299,000-1.6%$464/sqft
        Source: CPAR #785643 Report a problem
        6/9/2026Price change$1,320,000-0.4%$472/sqft
        Source: CPAR #785643 Report a problem
        5/15/2026Price change$1,325,000-3.1%$474/sqft
        Source: CPAR #785643 Report a problem
        5/12/2026Price change$1,367,000-0.1%$489/sqft
        Source: CPAR #785643 Report a problem
        4/16/2026Price change$1,369,000-0.7%$489/sqft
        Source: CPAR #785643 Report a problem
        3/27/2026Price change$1,379,000-1.5%$493/sqft
        Source: CPAR #785643 Report a problem
        2/24/2026Listed for sale$1,400,000+970.3%$500/sqft
        Source: CPAR #785643 Report a problem
        4/9/2013Sold$130,800-23.1%$47/sqft
        Source: Public Record Report a problem
        7/19/2006Sold$170,000$61/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,859 +248.6%$428,077 +190.6%
        2023$1,394 +14.4%$147,306 +5.2%
        2022$1,218 $139,982
        2021-- --
        2020$1,232 +2.1%$135,733 +2.3%
        2019$1,207 $132,681 +1.9%
        2018$1,207 +0.9%$130,207 +2.6%
        2017$1,197 +2.5%$126,944 +1.1%
        2016$1,168 -2.5%$125,558 +0.7%
        2015$1,198 $124,685 -0.3%
        2014$1,198 $125,055 -1.9%
        2013-- $127,425 -4.8%
        2012-- $133,814 +53.3%
        2011-- $87,281 +1.5%
        2010-- $85,991 +2.7%
        2009-- $83,730 +0.1%
        2008-- $83,646 +3%
        2007-- $81,210 +2.5%
        2006-- $79,229 +3%
        2005-- $76,921 +8.1%
        2004-- $71,185 +1.9%
        2003-- $69,858 +2.4%
        2002-- $68,221 +1.6%
        2001-- $67,147 +3%
        2000-- $65,191
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 32413

        Getting around

        20 / 100
        Car-Dependent
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: West Bay
        • 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.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Panama City Beach Topics

                Search
                Updates
                Favorites
                Plan
                Inbox