Discover the perfect investment opportunity with this charming duplex, boasting a desirable location that's just a leisurely stroll from the soft sandy shores. With one bedroom and one bathroom on each side, this property can be used in many ways: long term tenants, short term rentals, house hacking, or use one as a 2nd home while the other unit helps pay for the expenses.
Unit A is was updated in 2018 and is currently rented month-to-month for $1400. The unit features LVP flooring, stainless steel appliances, and comes with the washer and dryer.
Unit B just finished a remodel and features LVP flooring, new cabinets, quartz countertops, new appliances and custom trim throughout.
Whether you're looking to grow your rental portfolio or secure a flexible coastal property that caters to multiple rental strategies, this duplex holds the key to an enviable lifestyle investment.
Sold for $405,000
$405,000
5519 Palm Way, Panama City Beach, FL 32408
2beds
1,216sqft
Duplex, Multi Family
Built in 1983
-- sqft lot
$404,600 Zestimate®
$333/sqft
$1,880 Estimated rent
Home value
$404,600
$372,000 - $441,000
$1,880/mo
Zestimate® history
Owner options
List your home for rent
$1,880/mo
Rent Zestimate®
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$1,880/mo
Rent Zestimate®
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$2,619/mo
Est. payment
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$2,619/mo
Est. payment
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List your homeWhat's special
Flexible coastal propertyNew appliancesSoft sandy shoresStainless steel appliancesNew cabinets
Zillow last checked:
Listing updated:
Listed by:
Marc A Miller 850-890-3432,
REMAX By The Sea
Bought with:
Sostheim Group
Corcoran Reverie
Source: CPAR,MLS#: 755409
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Kitchen, Living Room
Bedroom
- Level: First
- Dimensions: 17.2 x 14.9
Bedroom
- Level: First
- Dimensions: 17.1 x 14.9
Kitchen
- Level: First
- Dimensions: 8.6 x 8.8
Kitchen
- Level: First
- Dimensions: 8.8 x 8.9
Living room
- Level: First
- Dimensions: 15 x 14.9
Living room
- Level: First
- Dimensions: 15.1 x 14.1
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Oven, Electric Range, Electric Water Heater
Interior area
- Total structure area: 1,216
- Total interior livable area: 1,216 sqft
Property
Features
- Patio & porch: Patio
- Exterior features: Patio
- Fencing: Partial
Lot
- Size: 5,662 Square Feet
- Dimensions: 50 x 110
- Features: Paved
Details
- Additional structures: Shed(s)
- Parcel number: 32064000000
- On leased land: Yes
- Zoning description: Resid Multi-Family, Resid Single Family
- 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
- Frame, Stucco
- Foundation: Slab
Condition
- Year built: 1983
Utilities & green energy
- Utilities for property: Electricity Available, High Speed Internet Available, Water Connected
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Biltmore Beach 1st Add
HOA
- Has HOA: No
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $333/sqft
- Annual tax amount: $2,343
- Date on market: 4/8/2024
- Cumulative days on market: 4 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2024 | Sold | $405,000+1.3%$333/sqft |
Source:  CPAR #755409 Report a problem | ||
| 4/16/2024 | Pending sale | $400,000$329/sqft |
Source: CPAR #755409 Report a problem | ||
| 4/8/2024 | Listed for sale | $400,000+146.9%$329/sqft |
Source: CPAR #755409 Report a problem | ||
| 3/29/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/2/2023 | Listed for rent | $1,400+16.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/25/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/5/2020 | Listed for rent | $1,200+9.1%$1/sqft |
Source: Owner Report a problem | ||
| 5/1/2020 | Listing removed | $1,100$1/sqft |
Source: Owner Report a problem | ||
| 4/10/2020 | Price change | $1,100-15.4%$1/sqft |
Source: Owner Report a problem | ||
| 4/5/2020 | Listed for rent | $1,300$1/sqft |
Source: Owner Report a problem | ||
| 2/21/2018 | Sold | $162,000-1.8%$133/sqft |
Source: CPAR #666738 Report a problem | ||
| 1/12/2018 | Pending sale | $165,000$136/sqft |
Source: Counts Real Estate Group Inc #666738 Report a problem | ||
| 1/10/2018 | Listed for sale | $165,000$136/sqft |
Source: Counts Real Estate Group Inc #666664 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Lower Grand Lagoon
Nearby homes
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- $146,2001 bd1 ba608 sqft5517 Palm Way #A, Panama City Beach, FL 32408Off Market
- $290,0002 bd2 ba1.2k sqft5515 Palm Way #A & B, Panama City, FL 32408Sold
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Nearby schools
GreatSchools rating
- 9/10Patronis Elementary SchoolGrades: K-5Distance: 1.6 mi
- 7/10Surfside Middle SchoolGrades: PK-12Distance: 7.1 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 5.3 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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$412,692
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