CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Turnkey Beach Investment Property - New Construction, No HOA, Fully Furnished & Rental-Ready! Discover the perfect income-generating vacation home or short-term rental investment in Panama City Beach, Florida! 4011 Crescent Drive is a newly built, fully furnished, and turnkey property, ready to welcome guests and start generating revenue from day one—with no HOA restrictions.
Prime Location - Walk to the Beach!
Situated in the highly desirable East Panama City Beach area, this 3-bedroom, 2-bathroom home offers exceptional convenience:
No HOA - No rental restrictions!
2 blocks to Beach Access 12
3 minutes to Dolphin Boat Ramp & Schooners Beachfront Restaurant
4 minutes to St. Andrews State Park & Publix
7 minutes to Hathaway Bridge
20 minutes to Pier Park for shopping, dining, and entertainment
Modern & Move-In Ready
Designed for comfort, style, and functionality, this home features:
Granite countertops & high-end finishes throughout
Luxury solid flooring for durability and easy maintenance
Open-concept living and dining areas perfect for entertaining
Bright, spacious interiors ideal for both full-time residents and vacationers
Outdoor & Lifestyle Features
No HOA - Full ownership flexibility
Golf cart-friendly neighborhood with quick beach access
Generous driveway parking with space for boats, trailers, or multiple vehicles
Nearby boat ramp (0.1 miles away) for easy access to open water
Fully Equipped & Rental-Ready
Modern kitchen stocked with appliances, cookware, and dishware
In-unit washer & dryer for added convenience
Low-maintenance Hardie Board siding & durable metal roof built for coastal living
Spacious Accommodations - Sleeps 8 Comfortably
Primary Bedroom: King bed + private ensuite
Bedroom 2: Queen bed
Bedroom 3: Two Twin-over-Twin bunk beds
High-Income Investment Opportunity - No HOA!
With no HOA restrictions and strong demand for short-term rentals, this home is a turnkey investment offering excellent Airbnb and VRBO rental potential. Whether you're an investor or seeking a personal coastal retreat, this property delivers both luxury and profitability.
📽 Property video available upon request!
Don't miss this rare opportunity to own a fully furnished, high-performing vacation rental just steps from the Gulf of Mexico. Contact us today to schedule a private showing!
Sold for $465,000
$465,000
4011 Crescent Dr, Panama City Beach, FL 32408
3beds
1,200sqft
Single Family Residence
Built in 2023
3,049 Square Feet Lot
$418,900 Zestimate®
$388/sqft
$2,484 Estimated rent
Home value
$418,900
$385,000 - $457,000
$2,484/mo
Zestimate® history
Owner options
List your home for rent
$2,484/mo
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$2,484/mo
Rent Zestimate®
Refinance and save
$3,037/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,037/mo
Est. payment
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List your homeWhat's special
Walk to the beachBright spacious interiorsGranite countertopsGolf cart-friendly neighborhoodGenerous driveway parkingOpen-concept livingIn-unit washer and dryer
Zillow last checked:
Listing updated:
Listed by:
Rachel N Warrell 850-896-5899,
eXp Realty, LLC
Bought with:
Scott Stanford, SL3456673
Dalton Wade Inc
Source: CPAR,MLS#: 768695
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Dining Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
Primary bedroom
- Description: *all measurements approximate
- Level: First
- Dimensions: 10.11 x 12.1
Bedroom
- Description: *all measurements approximate
- Level: First
- Dimensions: 15.2 x 9.7
Bedroom
- Description: *all measurements approximate
- Level: First
- Dimensions: 11.5 x 10.1
Primary bathroom
- Description: *all measurements approximate
- Level: First
- Dimensions: 7.11 x 8.4
Dining room
- Description: *all measurements approximate
- Level: First
- Dimensions: 11.5 x 8.3
Kitchen
- Description: *all measurements approximate
- Level: First
- Dimensions: 11.5 x 11.2
Living room
- Description: *all measurements approximate
- Level: First
- Dimensions: 7.9 x 17.1
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Electric Oven, Electric Range, Electric Water Heater
Features
- Double Vanity, Main Level Primary, See Remarks, Walk-In Closet(s)
- Windows: Double Pane Windows
Interior area
- Total structure area: 1,200
- Total interior livable area: 1,200 sqft
Property
Parking
- Parking features: Paved
Features
- Levels: One
- Stories: 1
- Pool features: Other, See Remarks
- Has view: Yes
- View description: Other
Lot
- Size: 3,049 Square Feet
- Dimensions: 30 x 100
- Features: Paved
Details
- Parcel number: 30903010000
- Zoning description: County, Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Coastal
- Property subtype: Single Family Residence
Condition
- New construction: Yes
- Year built: 2023
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available, Sewer Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Crescent Beach Unit 1
HOA
- Has HOA: No
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $388/sqft
- Tax assessed value: $259,465
- Annual tax amount: $3,229
- Date on market: 5/14/2025
- Cumulative days on market: 296 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 12/30/2025 | Sold | $465,000-4.1%$388/sqft |
Source:  CPAR #768695 Report a problem | ||
| 12/8/2025 | Pending sale | $485,000$404/sqft |
Source: CPAR #768695 Report a problem | ||
| 5/14/2025 | Listed for sale | $485,000$404/sqft |
Source: CPAR #768695 Report a problem | ||
| 5/9/2025 | Contingent | $485,000$404/sqft |
Source: CPAR #768695 Report a problem | ||
| 4/4/2025 | Price change | $485,000-2.8%$404/sqft |
Source: CPAR #768695 Report a problem | ||
| 2/12/2025 | Listed for sale | $499,000-3.1%$416/sqft |
Source: CPAR #768695 Report a problem | ||
| 7/26/2024 | Listing removed | -- |
Source: CPAR #747785 Report a problem | ||
| 3/20/2024 | Listing removed | $515,000$429/sqft |
Source: CPAR #747785 Report a problem | ||
| 2/18/2024 | Price change | $515,000-12.7%$429/sqft |
Source: CPAR #747785 Report a problem | ||
| 11/7/2023 | Price change | $590,000-1.7%$492/sqft |
Source: CPAR #747785 Report a problem | ||
| 10/12/2023 | Listed for sale | $600,000+269.2%$500/sqft |
Source: CPAR #747785 Report a problem | ||
| 5/13/2023 | Sold | $162,500-1.5%$135/sqft |
Source:  ECAOR #897606 Report a problem | ||
| 4/11/2023 | Pending sale | $165,000$138/sqft |
Source: CPAR #725271 Report a problem | ||
| 7/8/2022 | Price change | $165,000-15.4%$138/sqft |
Source: CPAR #725271 Report a problem | ||
| 6/10/2022 | Price change | $195,000-2.5%$163/sqft |
Source: CPAR #725271 Report a problem | ||
| 4/18/2022 | Listed for sale | $200,000$167/sqft |
Source: CPAR #725271 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,229 +254.7% | $259,465 +256.4% |
| 2023 | $910 +138.5% | $72,809 +212.4% |
| 2022 | $382 | $23,304 |
| 2021 | -- | -- |
| 2020 | $332 +17% | $19,259 +10% |
| 2019 | $283 | $17,508 +10% |
| 2018 | $283 +16.3% | $15,916 +10% |
| 2017 | $244 +33.6% | $14,469 +2.9% |
| 2016 | $182 +0.8% | $14,059 +2.6% |
| 2015 | $181 | $13,704 +0.4% |
| 2014 | $181 | $13,650 |
Find assessor info on the county website
Neighborhood: Lower Grand Lagoon
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- $664,2647,405 Square Feet4007 Crescent Dr, Panama City Beach, FL 32408Off Market
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- $277,1003 bd1 ba1.1k sqft6102 Beach Dr W, Panama City Beach, FL 32408Off Market
- $360,0004,791 Square FeetCrescent Dr, Panama city beach, FL 32408Sold
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Nearby schools
GreatSchools rating
- 9/10Patronis Elementary SchoolGrades: K-5Distance: 1.4 mi
- 7/10Surfside Middle SchoolGrades: PK-12Distance: 6.7 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 4.9 mi
Schools provided by the listing agent
- Elementary: Patronis
- 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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$418,900
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- Florida
- Bay County
- Panama City Beach
- 32408
- Lower Grand Lagoon
- 4011 Crescent Dr
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