19 days on rocket

5105 Beach Dr Unit A & B, Panama City, FL, 32408

$589,000

Home List Price

$6,994*

Closing Credit

4 Bedrooms
4 Full Baths
2,150 SqFt
$274/SqFt
Multi

Location

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5105 Beach Dr Unit A & B, Panama City$589,000

Buyer Closing Credits

$6,994*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingAdditional Parking, Driveway, Paved
Year Built1991
HeatingCentral, Electric, Heat Pump
CoolingCentral Air, Ceiling Fan(s), Electric
MLS #764546
Lot Size0.12 Acres
StatusActive

About 5105 Beach Dr Unit A & B

Welcome to this beautifully designed and well-maintained duplex located just a walk away from the most beautiful sugar-sand beaches in the world, a prime choice for families and tourists alike.This multi-family home sits on a large corner lot. Each unit welcomes you with an arched front entrance that leads inside into a bright living room with a half vaulted ceiling, a skylight, a ceiling fan and 2 large windows, all of which enhances the natural light. Nice kitchen comes with lots of cabinets and a pantry. Each unit has 2 bedrooms with the ceiling fans and large closets, 2 full bathrooms with shower tubs and impressive skylights. Larger bedroom has a sliding door leading to the back porch. There is a separate laundry room with a sink and plenty of storage space. Nice relaxing screened porch with a fan and a big fenced backyard is great for outdoor activities. An outdoor shower on each side is a thoughtful addition, useful after a trip to the beach.Parking is a breeze with the concrete driveways accommodating 2 vehicles per unit, with additional large space on the side of the lot for other vehicles. This duplex is located in the desirable Lower Grand Lagoon area and presents great investment opportunities with high rental demand. Live in one unit and rent the other, or capitalize on its potential for both short-term and long-term rentals.Only a 4-minute walk(0.2 miles) to the beach or to Schooner's restaurant and 2-minute drive (0.7 miles) to St. Andrews Park. It's also only 2-3 minutes drive to Yachts, Cruises, Deep Sea Fishing Tours, boat rentals.Brand new 2024 roof with 3 skylights in each unit.Unit A: Long term lease 1,600/mo. expires 06/30/2025. It has 2011 HVAC, 2024 water heater, Carpet floors, Vinyl plank floor in a kitchen and vinyl in the bathrooms.Unit B: 2021 HVAC and 2018 water heater, newly painted interior, vinyl plank floors.This is your chance to own a great income generating property in the city's hottest spot, just steps away from the stunning beach. Schedule your showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1991
  • Living Area: 2,150 SqFt

Listing Office:

  • Office Name: RE/MAX Freedom

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Range Hood
  • Interior: High Ceilings, Pantry, Skylights, Vaulted Ceiling(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Outdoor Shower, Porch

Parking Information:

  • Parking: Additional Parking, Driveway, Paved

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric, Heat Pump
  • Cooling: Central Air, Ceiling Fan(s), Electric

Other

Directions Information:

  • Directions: Coming from HWY 98 turn south to Thomas Drive. Go straight for 3.7 miles, cross Grand Lagoon bridge. Turn on Beach Dr on a right. In 0.2 miles the duplex will be on the left. Located on SW cross road corner of the Beach Dr. and Benbow St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $589,000
  • Price Per SqFt: $274/SqFt
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Housing Market Comparison

See how this home compares to others in Panama City, FL.

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Panama City, FL

City

Med. Sold Price

$339.4K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

194

5105 Beach Dr Unit A & B vs Panama City

19 DAYS ON ROCKET

-58 Days

$589,000

+$249.5K More

$274/SqFt

+$72 More

KEY TAKEAWAY

This property is $249.5K more than the Median Sold Price and $72/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #764546

Listing Office:

  • Office Name: RE/MAX Freedom

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. 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 deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 12:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,007

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,832

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-299804
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 2.11 miles

  • Public District Grades KG-5

school-card-donut-299805
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 3.95 miles

  • Public District Grades PK-5

school-card-donut-299806
1
/10

  • St. Andrew School at Oakland Terrace

  • 2010 W 12th St

  • 4.16 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,776. Most Panama City, FL residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Bay County›Panama City›32408›5105 Beach Dr Unit A & B

This home is located at 5105 Beach Dr Unit A & B in Panama City, FL and zip code 32408 in the Treasure Island Section One neighborhood. This 2,150 square foot home, which was built in 1991, sits on a 0.12 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $589,000.

In October 2024 more than 16 listings in Panama City, FL were sold above the asking price. During the same period more than 40 listings were sold at asking price, while more than 138 were sold below. Between September 2024 and October 2024, Panama City, FL real estate market has seen decrease in the number of listings by 1.7%. In October 2024 median list price was $339,477 and the average listing age was 77 days.

From Rocket Homes Real Estate and based on county public records data.

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