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For sale
  • $589,999

    5220 Beach Dr, Panama City Beach, FL 32408

    4beds
    1,232sqft
    : 
    $3,789/mo
    Get pre-qualified
    Duplex, Multi Family
    Built in 1972
    -- sqft lot
    $547,800 Zestimate®
    $479/sqft
    $-- HOA

    What's special

    Two private residencesFully furnished duplex
    Experience coastal living at its best with this beautifully maintained duplex just steps from Beach Access #5 and the stunning sugar-white shoreline along the Gulf. Offering a total of four bedrooms and two full baths, the property is configured as two private residences, each featuring two bedrooms and one bathroom, creating an excellent flexibility for personal use, vacation rentals, or long-term tenants. Perfect for those seeking an income-producing property or a beach getaway with added earning potential, this fully furnished duplex is move-in and rental ready from Day One. Outside, the enclosed backyard offers a private setting ideal for pets, entertaining, or unwinding after a day at the beach, while the outdoor fire pit creates a welcoming atmosphere for evening gatherings. Located in a highly sought-after beach community, this property presents an outstanding opportunity for investors and second-home buyers alike. Occupy one side while generating revenue from the other or maximize returns by leasing both units. Opportunities like this are rare in such a prime coastal location. All measurements, details, and information should be verified by buyer and/or buyer's representative.
    79 days
    |
    138
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Scott Roberts 859-640-4947,

    LoKation Real Estate

    Source: CPAR,MLS#: 790852MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Bedroom, Kitchen, Living Room
      Bedroom
      • Level: First
      • Dimensions: 1 x 1
      Bedroom
      • Level: First
      • Dimensions: 1 x 1
      Kitchen
      • Level: First
      • Dimensions: 1 x 1
      Living room
      • Level: First
      • Dimensions: 1 x 1
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Electric Range, Electric Water Heater
      Interior area
      • Total structure area: 1,232
      • Total interior livable area: 1,232 sqft

      Property

      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Barbecue, Outdoor Shower
      • Fencing: Fenced
      Lot
      • Size: 6,098 Square Feet
      • Dimensions: 50 x 120
      • Features: Paved
      Details
      • Parcel number: 31750000000
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Duplex
      • Property subtype: Duplex, Multi Family
      • Attached to another structure: Yes
      Materials
      • Block
      • Roof: Shake
      Condition
      • New construction: No
      • Year built: 1972

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Electricity Available

      Community & HOA

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

      Financial & listing details

      • Price per square foot: $479/sqft
      • Tax assessed value: $243,045
      • Annual tax amount: $2,894
      • Date on market: 6/5/2026
      • Electric utility on property: Yes

        Estimated market value

        $547,800

        $520,000 - $575,000

        $1,965/mo

        Price history

        DateEventPrice
        6/5/2026Listed for sale$589,999-1.5%$479/sqft
        Source: CPAR #790852 Report a problem
        9/27/2024Listing removed$599,000$486/sqft
        Source: CPAR #754985 Report a problem
        3/29/2024Listed for sale$599,000+263%$486/sqft
        Source: CPAR #754985 Report a problem
        11/3/2017Sold$165,000$134/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,689 +5%$188,962 +10%
        2023$2,560 +35.1%$171,784 +15.1%
        2022$1,895 $149,250
        2021-- --
        2020$1,541 +4.3%$123,347 +8.8%
        2019$1,477 $113,363 +3.3%
        2018$1,477 +1.6%$109,728 +52.1%
        2017$1,453 +47%$72,123 +2%
        2016$989 -1.9%$70,702 +0.6%
        2015$1,008 $70,310 +0%
        2014$1,008 $70,309 -4.5%
        2013-- $73,590 -4.1%
        2012-- $76,775 -6.2%
        2011-- $81,848 -7.7%
        2010-- $88,699 +67.7%
        2009-- $52,889 +0.1%
        2008-- $52,836 +3%
        2007-- $51,297 +2.5%
        2006-- $50,046 +3%
        2005-- $48,588 +3%
        2004-- $47,173 +1.9%
        2003-- $46,293 +2.4%
        2002-- $45,208 +1.6%
        2001-- $44,496 +3%
        2000-- $43,200
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Lower Grand Lagoon

        Getting around

        49 / 100
        Car-Dependent
        42 / 100
        Somewhat Bikeable

        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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