CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS
Discover this beautifully updated property featuring three independent income-producing units, each with its own private entrance. Live in one and rent out the others, or maximize your investment by leasing all three!
The home includes two spacious 2-bedroom units and one cozy 1-bedroom unit, offering flexible living or rental options. The downstairs 2-bedroom unit even includes built-in bunks, perfect for accommodating larger families or vacation guests. Upstairs, enjoy both front and back deck areas where you can catch a peek-a-boo view of the Gulf and coastal breezes.
Out back, a covered picnic area with tables and grills makes for the ideal space for gatherings and cookouts. A pet-friendly fenced yard adds extra convenience and appeal for tenants or guests with pets.
This investor's dream is perfectly situated just 1½ blocks from the sugar-white sands of Gulf Access #5 and minutes from St. Andrews State Park, local shops, and some of Panama City Beach's best dining spots.
Don't miss this rare opportunity to own a turnkey, income-producing property in one of the Gulf Coast's most desirable beach communities!
Sold for $607,500
$607,500
5216 Beach Dr, Panama City Beach, FL 32408
5beds
2,160sqft
Duplex, Multi Family
Built in 1983
-- sqft lot
$603,000 Zestimate®
$281/sqft
$2,069 Estimated rent
Home value
$603,000
$549,000 - $663,000
$2,069/mo
Zestimate® history
Owner options
List your home for rent
$2,069/mo
Rent Zestimate®
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$2,069/mo
Rent Zestimate®
Refinance and save
$3,931/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,931/mo
Est. payment
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List your homeWhat's special
Pet-friendly fenced yardCovered picnic areaBuilt-in bunks
Zillow last checked:
Listing updated:
Listed by:
Scott Roberts 859-640-4947,
LoKation Real Estate
Bought with:
Ramil Zartdinov, 3315537
Local Insight Realty
Beth Christie, 3065345
Local Insight Realty
Source: CPAR,MLS#: 780294
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Rooms
- Room types: Bedroom, Kitchen, Living Room
Bedroom
- Level: First
- Dimensions: 12 x 11
Bedroom
- Level: First
- Dimensions: 14 x 11
Bedroom
- Level: Second
- Dimensions: 11 x 10
Bedroom
- Level: Second
- Dimensions: 13 x 9
Other
- Level: First
- Dimensions: 14 x 7
Kitchen
- Level: First
- Dimensions: 28 x 11
Living room
- Level: Second
- Dimensions: 15 x 14
Heating
- Ductless
Cooling
- Ceiling Fan(s), Ductless
Appliances
- Included: Electric Cooktop, Electric Water Heater
Interior area
- Total structure area: 2,160
- Total interior livable area: 2,160 sqft
Property
Parking
- Parking features: Additional Parking
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Covered, Patio
- Exterior features: Deck
- Fencing: Fenced
Lot
- Size: 6,098 Square Feet
- Dimensions: 50 x 100
Details
- Parcel number: 31749000000
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Biltmore Beach
HOA
- Has HOA: No
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $281/sqft
- Tax assessed value: $480,553
- Annual tax amount: $5,986
- Date on market: 10/11/2025
- Cumulative days on market: 109 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Sold | $607,500-3.6%$281/sqft |
Source:  CPAR #780294 Report a problem | ||
| 2/5/2026 | Pending sale | $629,900$292/sqft |
Source: CPAR #780294 Report a problem | ||
| 12/15/2025 | Price change | $629,900-7.2%$292/sqft |
Source: CPAR #780294 Report a problem | ||
| 12/2/2025 | Price change | $679,000-2.9%$314/sqft |
Source: CPAR #780294 Report a problem | ||
| 10/11/2025 | Listed for sale | $699,000-5.5%$324/sqft |
Source: CPAR #780294 Report a problem | ||
| 9/20/2023 | Sold | $740,000-7.4%$343/sqft |
Source:  ECAOR #933075 Report a problem | ||
| 8/3/2023 | Contingent | $799,000$370/sqft |
Source: CPAR #738940 Report a problem | ||
| 5/8/2023 | Price change | $799,000-11.1%$370/sqft |
Source: CPAR #738940 Report a problem | ||
| 3/18/2023 | Listed for sale | $899,000+528.7%$416/sqft |
Source: CPAR #738940 Report a problem | ||
| 7/15/2019 | Sold | $143,000$66/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,986 +83% | $480,553 +94.9% |
| 2023 | $3,271 +25.8% | $246,506 +18.8% |
| 2022 | $2,601 | $207,447 |
| 2021 | -- | -- |
| 2020 | $1,508 +20.3% | $120,651 +22.5% |
| 2019 | $1,253 | $98,484 +6.2% |
| 2018 | $1,253 +4.4% | $92,725 +4.3% |
| 2017 | $1,201 +3.5% | $88,897 +1.2% |
| 2016 | $1,160 -3.2% | $87,853 +0% |
| 2015 | $1,199 | $87,838 -0.4% |
| 2014 | $1,199 | $88,215 -3.5% |
| 2013 | -- | $91,419 -3.4% |
| 2012 | -- | $94,604 -4% |
| 2011 | -- | $98,562 -5.4% |
| 2010 | -- | $104,216 -9% |
| 2009 | -- | $114,525 -2.9% |
| 2008 | -- | $117,974 -20.6% |
| 2007 | -- | $148,602 -24.9% |
| 2006 | -- | $197,783 +90.6% |
| 2005 | -- | $103,778 +103.1% |
| 2004 | -- | $51,095 |
| 2003 | -- | $51,095 +8.3% |
| 2002 | -- | $47,185 |
| 2001 | -- | $47,185 +14.1% |
| 2000 | -- | $41,369 |
Find assessor info on the county website
Neighborhood: Lower Grand Lagoon
Nearby homes
- $--2 bd2 ba900 sqft5216 Beach Dr #B, Panama City, FL 32408Off Market
- $---- bd1 ba370 sqft5216 Beach Dr #C, Panama City, FL 32408Off Market
- $285,3003 bd1 ba912 sqft5226 Beach Dr, Panama City Beach, FL 32408Off Market
- $750,0005 bd6 ba2.9k sqft5218 Beach Dr, Panama City Beach, FL 32408For Sale
- $1,2001 bd1 ba900 sqft5230 Beach Dr APT D, Panama City, FL 32408For Rent
- $--1 bd1 ba900 sqft5230 Beach Dr APT B, Panama City, FL 32408Off Market
- $--1 bd1 ba900 sqft5230 Beach Dr APT A, Panama City Beach, FL 32408Off Market
- $390,9003 bd2 ba1.1k sqft5211 Beach Dr, Panama City Beach, FL 32408Off Market
Nearby schools
GreatSchools rating
- 9/10Patronis Elementary SchoolGrades: K-5Distance: 2 mi
- 7/10Surfside Middle SchoolGrades: PK-12Distance: 7.4 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 5.6 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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