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For sale
  • Price cut: $20K (7/8)
    $579,000

    21309 Caribbean Ln, Panama City Beach, FL 32413

    3beds
    1,295sqft
    : 
    $3,681/mo
    Get pre-qualified
    Single Family Residence
    Built in 1988
    5,227 Square Feet Lot
    $560,400 Zestimate®
    $447/sqft
    $-- HOA

    What's special

    Modern hardwareBeautifully updated kitchenTwo additional guest bedroomsQuartz countertopsBright open-concept floor planFire pit gathering areaSleek fixtures
    Completely renovated in 2023 and designed with today's buyer in mind, this turnkey 3 bedroom, 2 bath beach cottage offers the ideal blend of style, comfort, and income potential in the heart of Panama City Beach. With 1,295 square feet of thoughtfully updated living space, this property is already operating as a successful short-term rental and is perfectly suited as an investment property, second home, or full-time coastal retreat. Step inside to a bright, open-concept floor plan featuring vaulted ceilings with exposed wood beams, recessed lighting, and luxury plank flooring throughout. The living area flows seamlessly into the dining space and kitchen, creating an inviting atmosphere for gathering and entertaining. The beautifully updated kitchen offers crisp white cabinetry, quartz countertops, open shelving, modern hardware, stainless appliances, and a large island overlooking the main living space. The primary suite is a peaceful retreat with abundant natural light and a spa-inspired en suite bath featuring dual vanities, sleek fixtures, and a stunning tiled walk-in shower. Two additional guest bedrooms and a fully updated second bath provide comfortable accommodations for family and guests, maximizing rental flexibility. Outdoor living is where this home truly shines. A screened-in patio extends the living space and offers the perfect spot for morning coffee or evening cocktails. The fully fenced backyard is private and spacious, complete with a fire pit gathering area and ambient string lighting that creates an inviting coastal setting for guests. An irrigation system on well water helps maintain the lush lawn while keeping utility costs down. The exterior showcases charming coastal cottage appeal with warm wood siding and thoughtful architectural details that set it apart. The manageable lot size makes ownership easy while still offering ample outdoor enjoyment. Located just minutes from the white sandy beaches and only about 10 minutes to Rosemary Beach, this property offers exceptional short-term rental appeal in a highly desirable area near dining, shopping, and entertainment. With recent renovations, modern finishes, and an established rental presence, this is a true turnkey opportunity. Golf cart included. Whether you are looking to expand your investment portfolio or secure your own beach getaway that can generate income when not in use, 21309 Caribbean Lane delivers both lifestyle and strong income potential in one beautifully updated package.
    164 days
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    479
    |
    36
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    Zillow last checked:

    Listing updated:

    Listed by:

    Renae Voda 615-804-1554,

    EXP Realty LLC

    Source: CPAR,MLS#: 786049MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Bedroom, Living Room, Primary Bedroom
      Primary bedroom
      • Level: First
      • Dimensions: 12 x 13
      Bedroom
      • Level: First
      • Dimensions: 13 x 11
      Bedroom
      • Level: First
      • Dimensions: 18 x 11.5
      Living room
      • Level: First
      • Dimensions: 15 x 16
      Heating
      • Central, Electric
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Washer/Dryer Stacked, Electric Oven, Electric Range, Tankless Water Heater
      • Laundry: Stacked
      Features
      • Main Level Primary, Tub Shower
      Interior area
      • Total structure area: 1,295
      • Total interior livable area: 1,295 sqft

      Property

      Features
      • Patio & porch: Enclosed, Patio
      • Exterior features: Patio, Fire Pit
      • Fencing: Fenced
      Lot
      • Size: 5,227 Square Feet
      • Dimensions: 50 x 110
      • Features: Sprinkler System, Paved
      Details
      • Additional structures: Shed(s)
      • Parcel number: 35482000000
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Coastal
      • Property subtype: Single Family Residence
      Materials
      • Cedar, Shake Siding
      Condition
      • New construction: No
      • Year built: 1988

      Utilities & green energy

      • Utilities for property: Electricity Available, High Speed Internet Available

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Subdivision: Riviera Beach
      HOA
      • Has HOA: No
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $447/sqft
      • Tax assessed value: $350,493
      • Annual tax amount: $4,753
      • Date on market: 3/1/2026
      • Cumulative days on market: 131 days
      • Electric utility on property: Yes

        Estimated market value

        $560,400

        $532,000 - $588,000

        $2,643/mo

        Price history

        DateEventPrice
        7/8/2026Price change$579,000-3.3%$447/sqft
        Source: CPAR #786049 Report a problem
        5/6/2026Price change$599,000-2.6%$463/sqft
        Source: CPAR #786049 Report a problem
        4/19/2026Price change$615,000-1.6%$475/sqft
        Source: CPAR #786049 Report a problem
        3/22/2026Price change$625,000-2.3%$483/sqft
        Source: CPAR #786049 Report a problem
        3/1/2026Listed for sale$640,000+75.3%$494/sqft
        Source: CPAR #786049 Report a problem
        4/24/2023Sold$365,000-6.2%$282/sqft
        Source: Public Record Report a problem
        3/11/2023Pending sale$389,000$300/sqft
        Source: CPAR #738552 Report a problem
        3/10/2023Listed for sale$389,000$300/sqft
        Source: CPAR #738552 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,347 +683.7%$350,493 +216.7%
        2023$555 +8.5%$110,663 +3%
        2022$511 $107,440
        2021-- --
        2020$502 +4.3%$102,871 +2.3%
        2019$481 $100,558 +1.9%
        2018$481 +0.3%$98,683 +2.1%
        2017$479 +0.9%$96,653 +2.1%
        2016$475 -2.7%$94,665 +0.7%
        2015$488 $94,007 +0.3%
        2014$488 $93,721 +1.5%
        2013-- $92,336 -1.3%
        2012-- $93,517 +6.1%
        2011-- $88,149 +8.7%
        2010-- $81,079 +5.7%
        2009-- $76,718 +0.1%
        2008-- $76,641 +3%
        2007-- $74,409 +2.5%
        2006-- $72,594 +3%
        2005-- $70,480 +3%
        2004-- $68,427 +1.9%
        2003-- $67,151 +2.4%
        2002-- $65,577 +1.6%
        2001-- $64,544 +0.8%
        2000-- $64,015
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32413

        Getting around

        6 / 100
        Car-Dependent
        45 / 100
        Somewhat 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.

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