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For sale
  • Price cut: $49K (7/29)
    $625,000

    5612 Hilltop Ave #A-c, Panama City, FL 32408

    8beds
    3,804sqft
    : 
    $4,013/mo
    Get pre-qualified
    Triplex, Multi Family
    Built in 1986
    -- sqft lot
    $581,100 Zestimate®
    $164/sqft
    $-- HOA

    What's special

    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
    53 days
    863
    67

    Zillow last checked:

    Listing updated:

    Listed by:

    Courtney Pantalena 850-738-4881,

    Coldwell Banker Realty

    Source: CPAR,MLS#: 792506MLS LogoOriginating 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

        DateEventPrice
        7/29/2026Price change$625,000-7.3%$164/sqft
        Source: ECAOR #1007232 Report a problem
        7/21/2026Price change$674,000-3.6%$177/sqft
        Source: ECAOR #1007232 Report a problem
        7/9/2026Listed for sale$699,000$184/sqft
        Source: ECAOR #1007232 Report a problem

        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.
        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

        44 / 100
        Car-Dependent
        20 / 100
        Minimal Transit
        50 / 100
        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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