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5012 Gulf Drive , #1

Panama City Beach, FL 32408
  • $499,900
  • STATUS: Active
  • ON SITE: 11 Days
  • MLS #: 783286
UPDATED: 55 min ago
$499,900
  • 3
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 935
    SQFT
  • $535
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1973
County:
Bay

School Information

Elementary School:
Middle School:
High School:

Description

New Property Video & 3D Home Tour! Rare opportunity to own a ground-floor 3 bedroom, 2 bath beachside condo at the end of a cul-de-sac with no thru traffic, located directly across from an extra-wide, paved public beach access and within walking distance to a few restaurants including Schooners. Simply walk out your front door and you're less than 60 feet from the beach, making this unit extremely attractive for short-term rentals and personal use alike. The unit features updated LVP flooring with upgraded rubber backing, a functional layout, and durable finishes designed for low-maintenance ownership. The building has seen major improvements including all-brick construction with dual layers of elastomeric stucco and paint, a 2024 standing-seam metal roof, updated windows and doors, and water heaters replaced in 2021. Owners enjoy a shared pool, no HOA, short-term rentals allowed, and two assigned parking spaces per unit. The owner currently has Units #1, #3, and #4 available, offering a unique chance for investors to acquire multiple units in the same small complex directly across from beach access. This is an opportunity that rarely comes available in this area at this price point. Ideal for investors looking to scale a beach rental portfolio in one location.

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© 2026 Central Panhandle Association of Realtors MLS. All rights reserved. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Waves and Woods Realty. Data last updated: 2026-01-18T09:04:01.443.
www.wavesandwoodsfl.com/homes/171773418
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5012 Gulf Drive , #1 Panama City Beach, FL 32408

  • Price: $499,900
  • Status: Active
  • On Site: 11 Days
  • Updated: 55 min ago
  • MLS #: 783286
3
Beds
2
Baths
0
½ Baths
N/A
Acres
935
SQFT
$535
$/SQFT
1973
Built
Neighborhood:
Gulfside Condo.
County:
Bay
Area:
Bay County-Beach
Elementary School:
Patronis
Middle School:
Surfside
High School:
Arnold
Property Description
New Property Video & 3D Home Tour! Rare opportunity to own a ground-floor 3 bedroom, 2 bath beachside condo at the end of a cul-de-sac with no thru traffic, located directly across from an extra-wide, paved public beach access and within walking distance to a few restaurants including Schooners. Simply walk out your front door and you're less than 60 feet from the beach, making this unit extremely attractive for short-term rentals and personal use alike. The unit features updated LVP flooring with upgraded rubber backing, a functional layout, and durable finishes designed for low-maintenance ownership. The building has seen major improvements including all-brick construction with dual layers of elastomeric stucco and paint, a 2024 standing-seam metal roof, updated windows and doors, and water heaters replaced in 2021. Owners enjoy a shared pool, no HOA, short-term rentals allowed, and two assigned parking spaces per unit. The owner currently has Units #1, #3, and #4 available, offering a unique chance for investors to acquire multiple units in the same small complex directly across from beach access. This is an opportunity that rarely comes available in this area at this price point. Ideal for investors looking to scale a beach rental portfolio in one location.
Exterior Features

Architectural Style Low Rise Attached Garage YN No Exterior Features Patio Garage YN No Levels Two Lot Features Paved Patio And Porch Features Balcony Covered Patio Porch Pool Features Community Stories 2 View Gulf View YN Yes

Interior Features

Appliances Washer / Dryer Stacked Electric Range Electric Water Heater Cooling Central Air Cooling YN Yes Flooring Luxury Vinyl Plank Heating Central Electric Heating YN Yes Laundry Features Stacked Parking Features Additional Parking Paved Rooms (First Level) Primary Bathroom (First Level) Primary Bedroom (First Level) Full Bath (First Level) Bedroom (First Level) Kitchen (First Level) Living Room (First Level) Units Furnished All Units

Property Features

Association YN No Community Features Pool Community Pool Short Term Rental Allowed Listing Service Full Service Lot Size Dimensions 0x0 New Construction YN No Occupant Type Tenant Property Sub Type Condominium Property Sub Type Additional Condominium Sewer Public Sewer Special Listing Conditions Listed As- Is Tax Annual Amount 738 Tax Year 2024 Utilities Electricity Available Waterfront YN Yes

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of LPT Realty LLC: 877-366-2213. Listing information © 2026 Central Panhandle Association of Realtors MLS.


© 2026 Central Panhandle Association of Realtors MLS. All rights reserved. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Waves and Woods Realty. Data last updated: 2026-01-18T09:04:01.443.
 
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