UNIQUE TRIPLEX OPPORTUNITY! This sprawling 8-bedroom, 6-bathroom PCB triplex offers a rare opportunity to own a spacious property with incredible income potential just blocks from the Gulf. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or simply own a home with exceptional flexibility, this unique offering deserves a closer look. It is the perfect opportunity for an investor with vision to bring this property's true potential to life. The main floor is anchored by Apartment A, a spacious split-level 4-bedr, 2-bath home featuring a beautifully updated kitchen with white cabinets, granite countertops, stainless steel appliances, plus a converted two-car garage that creates an expansive bonus/flex space. Apartment B is a 2-bedroom, 2-bath unit on the second floor with its own separate entrance. Above, Apartment C occupies the third floor and offers another private 2-bedroom, 2-bath layout with elevated views and its own entrance.
This rare opportunity is highlighted by its fantastic location in the South Lagoon. It sits just a few blocks from public beach access points off Gulf Drive, offering immediate access to the emerald waters and is even closer to the local boat ramp on the lagoon. No HOA! The expansive lot offers parking freedom, perfectly accommodating an RV, boat, or multiple vehicles. It is ideally positioned within a short stroll or golf cart ride to the marina area, beloved seafood spots, dining, and shopping options along Thomas Drive, seamlessly combining a neighborhood feel with effortless accessibility to the best local attractions. Schedule your showing today. A video tour is also available
For sale
Price cut: $49K (7/29)
$625,000
5612 Hilltop Ave #A-c, Panama City, FL 32408
8beds
3,804sqft
Triplex, Multi Family
Built in 1986
-- sqft lot
$581,100 Zestimate®
$164/sqft
$-- HOA
What's special
- 53 days
- 863
- 67
Zillow last checked:
Listing updated:
Listed by:
Courtney Pantalena 850-738-4881,
Coldwell Banker Realty
Source: CPAR,MLS#: 792506
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Rooms
- Room types: Bonus Room, Bedroom, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Description: Buyer to measure
- Level: Second
- Dimensions: 1 x 1
Bedroom
- Description: Buyer to measure
- Level: First
- Dimensions: 1 x 1
Bedroom
- Description: Buyer to measure
- Level: Second
- Dimensions: 1 x 1
Bedroom
- Description: Buyer to measure
- Level: Second
- Dimensions: 1 x 1
Bedroom
- Description: Buyer to measure
- Level: Second
- Dimensions: 1 x 1
Bonus room
- Description: Buyer to measure
- Level: First
- Dimensions: 1 x 1
Kitchen
- Description: Buyer to measure
- Level: First
- Dimensions: 1 x 1
Living room
- Description: Buyer to measure
- Level: First
- Dimensions: 1 x 1
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Oven
Features
- Upper Level Primary
Interior area
- Total structure area: 3,804
- Total interior livable area: 3,804 sqft
Property
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 32061000000
- Zoning description: Resid Multi-Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Stucco
Condition
- New construction: No
- Year built: 1986
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Biltmore Beach 1st Add
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $164/sqft
- Annual tax amount: $3,754
- Date on market: 7/11/2026
- Cumulative days on market: 54 days
Estimated market value
$581,100
$552,000 - $610,000
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Price change | $625,000-7.3%$164/sqft |
Source: | ||
| 7/21/2026 | Price change | $674,000-3.6%$177/sqft |
Source: | ||
| 7/9/2026 | Listed for sale | $699,000$184/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Lower Grand Lagoon
Nearby schools
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.





