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Sold for $520,000
  • $520,000

    5116 Beach Dr, Panama City Beach, FL 32408

    4beds
    2,548sqft
    Duplex, Multi Family
    Built in 1981
    -- sqft lot
    $564,400 Zestimate®
    $204/sqft
    $1,934 Estimated rent

    Home value

    $564,400

    $508,000 - $632,000

    $1,934/mo

    Zestimate® history
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    What's special

    Spacious yardLarge sunrooms
    Welcome to 5116 Beach Drive, a fantastic investment opportunity in the heart of Panama City Beach, FL! This charming two-story 4/4 duplex is perfect for savvy investors looking to maximize rental income or enjoy a flexible living arrangement. ***Golf Cart will convey with purchase! Investment Potential: This versatile property allows you to live in one side while renting out the other, creating an ideal income-generating scenario. Alternatively, capitalize on exceptional rental income by leasing both units. Each unit is a 2/2, and both have large sunrooms for additional sleeping arrangements. The potential is limitless, offering a smart investment strategy for those seeking to make the most of their real estate portfolio. Location: Situated just a short walk from the breathtaking beaches of Panama City Beach, this duplex is in a prime location on the East end. Immerse yourself in the coastal lifestyle, with sand and surf just moments away. Additionally, you'll find an array of restaurants and attractions in close proximity, ensuring convenience and entertainment at your doorstep. Accommodations: This property has the capacity to accomodate a large family. The downstairs unit comfortably sleeps 9 people, while the upstairs unit can be furnished to sleep the same amount, possibly more depending on how to furnish it out. Whether you're seeking a vacation home or an income-generating property, the flexibility of this duplex caters to various needs. Outdoor Amenities: Enjoy the Florida sunshine in the spacious yard, providing plenty of room for a pool or outdoor gatherings. The two driveways offer ample parking space and are ideal for those with boats or RVs, adding an extra layer of convenience and versatility to this great property. Don't miss out on the opportunity to own a piece of paradise with this two-story duplex at 5116 Beach Drive. Embrace the potential for exceptional rental income, prime location, and the convenience of walking distance to the beautiful beaches. Act now and turn this property into your next successful investment!

    Zillow last checked:

    Listing updated:

    Listed by:

    Trish Wheeler 850-527-2275,

    Salty Marlin Realty LLC

    Bought with:

    Non Member

    NON-MEMBER OFFICE

    Source: CPAR,MLS#: 751829MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Rooms
    • Room types: Bedroom, Living Room, Sunroom
    Bedroom
    • Dimensions: 14 x 12
    Bedroom
    • Dimensions: 14 x 12
    Living room
    • Dimensions: 14 x 12
    Sunroom
    • Dimensions: 12 x 24
    Interior area
    • Total structure area: 2,548
    • Total interior livable area: 2,548 sqft

    Property

    Lot
    • Size: 8,625 Square Feet
    • Dimensions: 75 x 115
    Details
    • Parcel number: 31523000000

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Duplex
    • Property subtype: Duplex, Multi Family
    • Attached to another structure: Yes
    Condition
    • Year built: 1981

    Utilities & green energy

    • Utilities for property: Water Connected

    Community & HOA

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

    Financial & listing details

    • Price per square foot: $204/sqft
    • Tax assessed value: $475,402
    • Annual tax amount: $6,274
    • Date on market: 1/25/2024
    • Cumulative days on market: 45 days

    Price history

    DateEventPrice
    4/11/2024Sold$520,000-13.2%$204/sqft
    Source: CPAR #751829 Report a problem
    3/12/2024Pending sale$599,000$235/sqft
    Source: ECAOR #940864 Report a problem
    1/25/2024Listed for sale$599,000-13.8%$235/sqft
    Source: CPAR #751829 Report a problem
    11/19/2023Listing removed--
    Source: ECAOR #928360 Report a problem
    8/22/2023Pending sale$695,000$273/sqft
    Source: ECAOR #928360 Report a problem
    8/5/2023Price change$695,000-6.7%$273/sqft
    Source: ECAOR #928360 Report a problem
    7/24/2023Listed for sale$745,000+53.6%$292/sqft
    Source: ECAOR #928360 Report a problem
    10/1/2021Sold$485,000+89.5%$190/sqft
    Source: CPAR #714987 Report a problem
    12/8/2004Sold$256,000$100/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,882 -6.2%$475,402 -0.2%
    2023$6,274 +24.3%$476,386 +10%
    2022$5,049 $433,078
    2021-- --
    2020$2,203 +48.9%$177,779 +56.6%
    2019$1,479 $113,545 -26.9%
    2018$1,479 -26.9%$155,276 +0.9%
    2017$2,024 +0.2%$153,884 -1.3%
    2016$2,019 -7.6%$155,982 -2.3%
    2015$2,186 $159,608 -1.7%
    2014$2,186 $162,296 -4.1%
    2013-- $169,299 -2.7%
    2012-- $174,028 -3.4%
    2011-- $180,095 -3.9%
    2010-- $187,392 -14.2%
    2009-- $218,386 -6.5%
    2008-- $233,544 -14.6%
    2007-- $273,316 -19.2%
    2006-- $338,368 +63%
    2005-- $207,561 +221.1%
    2004-- $64,642 +1.9%
    2003-- $63,437 +2.4%
    2002-- $61,950 +1.6%
    2001-- $60,974 +1.2%
    2000-- $60,276
    Find assessor info on the county website

    Neighborhood: Lower Grand Lagoon

    Nearby schools

    GreatSchools rating
    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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    $575,688