Income-Producing Quadplex - Steps from the Beach!
Incredible opportunity to own a fully renovated multi-family property just steps from the Gulf of Mexico! This 4-unit quadplex is located in prime spot in Panama City Beach and offers both long-term tenants or short-term vacation rentals. Units have been updated and well-maintained, offering turnkey readiness for investors or owner-occupants looking to house hack.
Property Highlights:
- 4 individual 1BR/1BA units
- shared laundry room in back of building
- 3 units have new HVAC
- All units have new hot water heaters
-Just a short walk to the beach
-Income-producing with strong rental history potential
-Ideal for Airbnb, long-term rental, or seasonal use
-Parking available for all units
-Close to shops, restaurants, and local attractions
Additional Info:
- Serious Inquiries Only
- Currently occupied by short term guest; showings will be scheduled around existing bookings.
- All existing bookings through July will be honored.
Contact:
Melanie Irwin
850-319-3513
Miranda Logue
850-358-5728
Sold for $565,000
$565,000
5228 Beach Dr, Panama City Beach, FL 32408
4beds
2,560sqft
SingleFamily
Built in 1983
5,662 Square Feet Lot
$671,100 Zestimate®
$221/sqft
$2,429 Estimated rent
Home value
$671,100
$591,000 - $772,000
$2,429/mo
Zestimate® history
Owner options
List your home for rent
$2,429/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,429/mo
Rent Zestimate®
Refinance and save
$3,652/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,652/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
New hvacShared laundry roomNew hot water heaters
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced air
Cooling
- Other
Appliances
- Included: Dishwasher, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator
Features
- Flooring: Tile, Linoleum / Vinyl
Interior area
- Total interior livable area: 2,560 sqft
Property
Features
- Exterior features: Stucco, Wood
Lot
- Size: 5,662 Square Feet
Details
- Parcel number: 31750010000
Construction
Type & style
- Home type: SingleFamily
Materials
- Wood
- Roof: Shake / Shingle
Condition
- Year built: 1983
Community & HOA
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $221/sqft
- Tax assessed value: $487,667
- Annual tax amount: $6,033
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/26/2025 | Listed for sale | $1,200,000+112.4%$469/sqft |
Source: Owner Report a problem | ||
| 11/3/2023 | Sold | $565,000$221/sqft |
Source: Public Record Report a problem | ||
| 9/20/2023 | Pending sale | $565,000$221/sqft |
Source: | ||
| 9/16/2023 | Listed for sale | $565,000$221/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,033 +84.6% | $487,667 +126.5% |
| 2023 | $3,267 +28.4% | $215,303 +10% |
| 2022 | $2,544 | $195,730 |
| 2021 | -- | -- |
| 2020 | $2,008 +12.2% | $161,760 +22.3% |
| 2019 | $1,790 | $132,304 -6.4% |
| 2018 | $1,790 -7.2% | $141,352 +1% |
| 2017 | $1,929 +0.3% | $139,951 +0.2% |
| 2016 | $1,924 -4.5% | $139,716 -0.6% |
| 2015 | $2,014 | $140,511 -0.8% |
| 2014 | $2,014 | $141,697 -2.5% |
| 2013 | -- | $145,333 -2.1% |
| 2012 | -- | $148,518 -12.6% |
| 2011 | -- | $169,970 -3.8% |
| 2010 | -- | $176,616 -6.9% |
| 2009 | -- | $189,665 +8.7% |
| 2008 | -- | $174,559 -15.5% |
| 2007 | -- | $206,615 -18.8% |
| 2006 | -- | $254,420 +94.8% |
| 2005 | -- | $130,638 +52.6% |
| 2004 | -- | $85,600 |
| 2003 | -- | $85,600 +5.2% |
| 2002 | -- | $81,382 |
| 2001 | -- | $81,382 +0.4% |
| 2000 | -- | $81,078 |
Find assessor info on the county website
Neighborhood: Lower Grand Lagoon
Nearby homes
- $1,7001 bd1 ba750 sqft5228 Beach Dr APT C, Panama City, FL 32408For Rent

- $--1 bd1 ba750 sqft5228 Beach Dr APT D, Panama City, FL 32408Off Market

- $589,9994 bd2 ba1.2k sqft5220 Beach Dr, Panama City Beach, FL 32408For Sale

- $--1 bd1 ba900 sqft5230 Beach Dr APT C, Panama City, FL 32408Off Market
- $388,5001 bd1 ba900 sqft5230 Beach Dr, Panama City, FL 32408Off Market
- $286,5003 bd1 ba912 sqft5226 Beach Dr, Panama City Beach, FL 32408Off Market
- $262,6002 bd1 ba961 sqft5300 Beach Dr, Panama City Beach, FL 32408Off Market
- $--2 bd2 ba900 sqft5216 Beach Dr #B, Panama City, FL 32408Off Market
Nearby schools
GreatSchools rating
- 9/10Patronis Elementary SchoolGrades: K-5Distance: 1.9 mi
- 7/10Surfside Middle SchoolGrades: PK-12Distance: 7.4 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 5.6 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$671,100
2% more
+$13,422
With Zillow Showcase(estimated)
$684,522
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Panama City Beach Topics
- Apartments for Rent in 32408
- Houses for Sale in 32408
- Houses for Rent in 32408
- 32408 Real Estate
- Panama City Beach Condos
- Houses for Sale in Panama City Beach
- Newest Listings in Panama City Beach
- Panama City Beach Home Values
- Panama City Beach Real Estate Agents
- Panama City Beach Refinance
- Panama City Beach Mortgage Rates