5519_5521 Beach Drive Panama City, FL 32408
If you have been looking to own and profit on Panama City Beach, this may be the perfect income-producing property for you. Just one block from the beach, this reasonably priced duplex has no HOAs and offers a fantastic location where you and your guests can enjoy many amenities year after year. Currently rented to long-term tenants, grossing $33,000, the short-term rental potential would be much higher, leaving plenty of room to call this a solid investment. You may be ready to live beach side on a budget and enjoy living in one unit and renting out the other. You and your guest will enjoy high ceilings with lots of natural light, a split bedroom floor plan, a full laundry room, and open concept living and kitchen area along with an open patio and a sizable fenced-in backyard for both units, so take a short walk to the beach, garden in your backyard or stay in and relax in either of these efficient two bedroom two bathroom units. This low-maintenance property is a fantastic way to break into beach life. The roof was replaced in January 2019, the Water Heater in December 2024, and the Washer/Dryer in December 2018 in unit 5519. In unit 5521, the A/C was replaced in July 2017, the Washer/Dryer in June 2021, and the Water Heater in December 2024. Last but not least, the property is hooked up to public water and sewer.
Listing provided courtesy of CENTURY 21 Ryan Realty Inc / c21ryan@aol.com
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MLS # : 767454
Architecture
- Year Built: 2003
- Stories:
- Project Facilities: ShortTermRentalAllowed
- Construction:
Interior Features
- Square Footage: 1605
- Appliances: Dryer, Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, ElectricWaterHeater, Refrigerator, Washer
- Interior Features:
Property Features
- Lot Access: Paved
- Lot Description:
- Waterfront:
- Waterview:
- Parking: Driveway
- Utilities:
- Zoning: Residential
Community
- Schools: Patronis, Surfside, Arnold
- HOA Includes:
- HOA FEE:
- HOA Payable:
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Current Data as of Sat Apr 19 21:31:19 CDT 2025 ---Information deemed reliable but not guaranteed-information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing Copyright: 2025 by the Central Panhandle Association of REALTORS ©