Sold for $350,000

$350,000

5607 Sunset Ave, Panama City Beach, FL 32408

4beds

1,344sqft

Duplex, Multi Family

Built in 1982

-- sqft lot

$346,700 Zestimate^®

$260/sqft

$1,659 Estimated rent

Home value

$346,700

$315,000 - $381,000

$1,659/mo

Zestimate^® history

Owner options

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$1,659/mo

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$1,659/mo

Rent Zestimate^®

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$2,274/mo

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$2,274/mo

Est. payment

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What's special

Walk to the beachPrivate entrySpacious backyard

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Walk to the Beach. Own a Duplex. Live or Invest in Both. This is the best-valued duplex on the east end—just steps from the Gulf and the Lagoon. Whether you're looking to live in one side, rent both, or furnish for STRs, this property is a rare chance to own two income-producing units in a prime coastal location. Each side offers 2 beds, 1 bath, private entry, and parking. No HOA, no flood zone, and you're 1000 feet to beach access and the public boat ramp. Recent HVAC (Unit B) + water heater (Unit A) Spacious backyard with room to enhance Roof last permitted in 2015 Clean layout. Coastal location. Rental-ready. This is the kind of property that pays for itself—and then some.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Bedroom, Full Bath, Laundry, Primary Bedroom

Primary bedroom

Description: Buyer to verify all measurements
Level: First
Dimensions: 13.4 x 12.6

Bedroom

Description: Buyer to verify all measurements
Level: First
Dimensions: 10.6 x 10.1

Other

Description: Buyer to verify all measurements
Level: First
Dimensions: 7.5 x 6.5

Laundry

Description: Buyer to verify all measurements
Level: First
Dimensions: 5.7 x 4.3

Heating

Central, Electric

Cooling

Central Air

Appliances

Included: Electric Range, Electric Water Heater

Interior area

Total structure area: 1,344
Total interior livable area: 1,344 sqft

Property

Features

Fencing: Partial

Lot

Size: 6,000 Square Feet
Dimensions: 50 x 120

Details

Parcel number: 31902000000
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: 1982

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: $260/sqft
Tax assessed value: $304,739
Annual tax amount: $3,222
Date on market: 5/18/2025
Cumulative days on market: 150 days
Electric utility on property: Yes

Price history

Date	Event	Price
11/14/2025	Sold	$350,000-7.9%$260/sqft
Source: CPAR #773645 Report a problem
10/16/2025	Pending sale	$380,000$283/sqft
Source: CPAR #773645 Report a problem
9/5/2025	Price change	$380,000-4.8%$283/sqft
Source: CPAR #773645 Report a problem
8/11/2025	Price change	$399,000-3.7%$297/sqft
Source: CPAR #773645 Report a problem
6/18/2025	Price change	$414,500-1.3%$308/sqft
Source: CPAR #773645 Report a problem
5/18/2025	Listed for sale	$420,000+194.7%$313/sqft
Source: CPAR #773645 Report a problem
8/31/2015	Sold	$142,500-15.2%$106/sqft
Source: CPAR #628617 Report a problem
7/4/2015	Price change	$168,000+24.4%$125/sqft
Source: American Hospitality Brokers #628617 Report a problem
2/18/2015	Listed for sale	$135,000-9.9%$100/sqft
Source: American Hospitality Brokers #628617 Report a problem
3/24/2011	Listing removed	$149,900$112/sqft
Source: Owner Report a problem
4/7/2010	Listed for sale	$149,900+54.2%$112/sqft
Source: Owner Report a problem
5/18/2009	Sold	$97,200-30%$72/sqft
Source: Public Record Report a problem
2/14/2009	Listing removed	$138,900$103/sqft
Source: EpropertySites #388001 Report a problem
1/22/2009	Listed for sale	$138,900-27.8%$103/sqft
Source: EpropertySites #388001 Report a problem
3/29/2005	Sold	$192,500+10.1%$143/sqft
Source: Public Record Report a problem
5/13/2004	Sold	$174,900+75.1%$130/sqft
Source: Public Record Report a problem
2/26/2001	Sold	$99,900$74/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,222 +3.3%	$218,401 +10%
2023	$3,119 +45.9%	$198,546 +10%
2022	$2,137	$180,496
2021	--	--
2020	$1,941 +3.8%	$156,284 +7.5%
2019	$1,871	$145,337 +8.7%
2018	$1,871 +5.8%	$133,739 +10%
2017	$1,769 +9.7%	$121,581 -0.3%
2016	$1,612 +50.8%	$121,904 +62.7%
2015	$1,069	$74,938 -2%
2014	$1,069	$76,451 -2.1%
2013	--	$78,062 -1.5%
2012	--	$79,287 -11.8%
2011	--	$89,859 -5.6%
2010	--	$95,145 -28.9%
2009	--	$133,864 -6.2%
2008	--	$142,749 -18.6%
2007	--	$175,455 -21.7%
2006	--	$224,070 +43.8%
2005	--	$155,873 +78.9%
2004	--	$87,115
2003	--	$87,115 +4.5%
2002	--	$83,403 +34.6%
2001	--	$61,985 -3.7%
2000	--	$64,374