Welcome to your Panama City Beach retreat, ideally located on the sought-after East End of PCB just a 3-minute walk to the sugar-white sand beaches and only a few blocks from a public boat ramp. This fully furnished 3-bedroom, 2-bath townhome offers an excellent opportunity as a vacation home, investment property, or full-time residence. Currently operating as a successful short-term rental, it generated $42,586 in gross revenue in 2024, $37,719 in 2025, and already has approximately $22,000 in bookings on the books for 2026. Guests love the spacious, fully fenced backyard, perfect for entertaining and yard games, along with its convenient location near Schooners, Dat Cajun Place, Buster's Beer & Bait, Treasure Island Marina, Rick Seltzer Park, and St. Andrews State Park. Extensively renovated in 2020, updates include a metal roof (2018), spray foam insulation, remodeled kitchen and bathrooms, new windows and doors, updated siding and paint, oversized decks, HVAC (2019), water heater (2025), and updated lighting and plumbing fixtures throughout, making this a truly turnkey beach property with proven income potential.
For sale
Price cut: $9K (7/27)
$370,000
5812 Beach Dr #A, Panama City Beach, FL 32408
3beds
1,260sqft
Townhouse
Built in 1984
3,000 Square Feet Lot
$359,100 Zestimate®
$294/sqft
$-- HOA
What's special
Updated siding and paintOversized decksSpacious fully fenced backyardNew windows and doorsSpray foam insulationRemodeled kitchen
- 79 days
- 417
- 36
Zillow last checked:
Listing updated:
Listed by:
Kurt Fadden 321-890-5364,
Legacy Premier Agency
Source: CPAR,MLS#: 791171
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Living Room, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 15.3 x 10.1
Bedroom
- Level: First
- Dimensions: 10 x 9.3
Bedroom
- Level: First
- Dimensions: 8.7 x 9.3
Living room
- Dimensions: 15.3 x 13.11
Heating
- Forced Air
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Washer/Dryer Stacked, Electric Oven
- Laundry: Stacked
Features
- Double Vanity, Main Level Primary, Separate Shower
Interior area
- Total structure area: 1,260
- Total interior livable area: 1,260 sqft
Property
Features
- Patio & porch: Balcony
- Fencing: Fenced
Lot
- Size: 3,000 Square Feet
- Dimensions: 25 x 120
- Features: Paved
Details
- Parcel number: 31976005000
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
- Attached to another structure: Yes
Materials
- Roof: Metal
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Short Term Rental Allowed
- Security: Smoke Detector(s)
- Subdivision: Biltmore Beach
HOA
- Has HOA: No
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $294/sqft
- Tax assessed value: $224,973
- Annual tax amount: $2,951
- Date on market: 6/11/2026
- Cumulative days on market: 66 days
Estimated market value
$359,100
$341,000 - $377,000
$1,940/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Price change | $370,000-2.4%$294/sqft |
Source:  CPAR #791171 Report a problem | ||
| 7/2/2026 | Price change | $379,000-2.6%$301/sqft |
Source: CPAR #791171 Report a problem | ||
| 6/24/2026 | Price change | $389,000-2.8%$309/sqft |
Source: CPAR #791171 Report a problem | ||
| 6/11/2026 | Listed for sale | $400,000+19.4%$317/sqft |
Source: CPAR #791171 Report a problem | ||
| 12/20/2021 | Sold | $335,000+413.4%$266/sqft |
Source: Public Record Report a problem | ||
| 12/3/2019 | Sold | $65,250$52/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,798 +4.6% | $224,057 +10% |
| 2023 | $2,676 +22.7% | $203,688 +10% |
| 2022 | $2,182 | $185,171 |
| 2021 | -- | -- |
| 2020 | $2,209 +194.1% | $178,324 +208.9% |
| 2019 | $751 | $57,735 -27% |
| 2018 | $751 -27% | $79,080 +1.5% |
| 2017 | $1,030 +0.8% | $77,921 +0.4% |
| 2016 | $1,022 -4.3% | $77,638 -0.3% |
| 2015 | $1,068 | $77,870 -1.1% |
| 2014 | $1,068 | $78,726 -2.6% |
| 2013 | -- | $80,806 -1.9% |
| 2012 | -- | $82,399 -3.4% |
| 2011 | -- | $85,336 -3.7% |
| 2010 | -- | $88,641 -6% |
| 2009 | -- | $94,274 -8.2% |
| 2008 | -- | $102,720 -11.1% |
| 2007 | -- | $115,528 -17% |
| 2006 | -- | $139,161 +68.7% |
| 2005 | -- | $82,499 +51.8% |
| 2004 | -- | $54,357 |
| 2003 | -- | $54,357 +9.5% |
| 2002 | -- | $49,644 |
| 2001 | -- | $49,644 +11.6% |
| 2000 | -- | $44,467 |
Find assessor info on the county website
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.
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