Skip To Content

5012 Gulf Drive , #2

Panama City Beach, FL 32408
  • $419,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 783407
UPDATED: 62 min ago
$419,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 815
    SQFT
  • $514
    $/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 an updated ground floor 2 bedroom 2 bath beachside condo directly across from a wide paved PUBLIC BEACH ACCESS! Simply walk out your front door and you are less than 60 feet from the beach access, making this unit extremely attractive for short term rentals and personal use alike. NO HOA but shared access and maintenance agreement between 4 units. Short term rentals allowed. Large private deck and pool on site. These units are truly a one of a kind opportunity! This ground floor layout is exactly what renters want and owners appreciate, offering easy access with no stairs and immediate proximity to the beach. Located at the end of a quiet cul de sac with no thru traffic, the setting provides a rare balance of privacy and convenience that consistently drives strong rental demand. The unit features updated LVP flooring with upgraded rubber backing, a functional and efficient layout, and durable finishes designed for low maintenance ownership. The building has seen major improvements including solid 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. Two assigned parking spaces convey with the unit. Walkable to popular beachfront dining including Schooners and positioned directly across from one of the widest public beach access points in PCB. Updated ground floor condos this close to the beach with no HOA, rental flexibility, and a community pool rarely come available. Ideal for investors looking to scale a beach rental portfolio in one location or buyers seeking a simple, low hassle beach property they can actually use and enjoy. Units #1, #3, and #4 are currently also listed for sale, offering an investor the unique opportunity to acquire the entire building. Buyer to verify all measurements and information deemed important.

Monthly Payment Calculator



© 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: 2026-01-18T08:04:10.72.
www.wavesandwoodsfl.com/homes/171969456
Print Image

5012 Gulf Drive , #2 Panama City Beach, FL 32408

  • Price: $419,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 62 min ago
  • MLS #: 783407
2
Beds
2
Baths
0
½ Baths
N/A
Acres
815
SQFT
$514
$/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 an updated ground floor 2 bedroom 2 bath beachside condo directly across from a wide paved PUBLIC BEACH ACCESS! Simply walk out your front door and you are less than 60 feet from the beach access, making this unit extremely attractive for short term rentals and personal use alike. NO HOA but shared access and maintenance agreement between 4 units. Short term rentals allowed. Large private deck and pool on site. These units are truly a one of a kind opportunity! This ground floor layout is exactly what renters want and owners appreciate, offering easy access with no stairs and immediate proximity to the beach. Located at the end of a quiet cul de sac with no thru traffic, the setting provides a rare balance of privacy and convenience that consistently drives strong rental demand. The unit features updated LVP flooring with upgraded rubber backing, a functional and efficient layout, and durable finishes designed for low maintenance ownership. The building has seen major improvements including solid 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. Two assigned parking spaces convey with the unit. Walkable to popular beachfront dining including Schooners and positioned directly across from one of the widest public beach access points in PCB. Updated ground floor condos this close to the beach with no HOA, rental flexibility, and a community pool rarely come available. Ideal for investors looking to scale a beach rental portfolio in one location or buyers seeking a simple, low hassle beach property they can actually use and enjoy. Units #1, #3, and #4 are currently also listed for sale, offering an investor the unique opportunity to acquire the entire building. Buyer to verify all measurements and information deemed important.
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 Bedroom (First Level) Primary Bathroom (First Level) Primary Bedroom (First Level) Full Bath (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 2025 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: 2026-01-18T08:04:10.72.
 
https://bt-photos.global.ssl.fastly.net/panamacity/1280_boomver_2_783407-2.jpg https://bt-photos.global.ssl.fastly.net/panamacity/1280_boomver_2_783407-2.jpg https://bt-photos.global.ssl.fastly.net/panamacity/1280_boomver_2_783407-2.jpg
Logo
Waves and Woods Realty
3300 HWY 98 SUITE 104
Mexico Beach FL, 32456