6 months on rocket

5703 Beach Dr Unit A & B, Panama City, FL, 32408

$595,000

Home List Price

$7,066*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
1,551 SqFt
$384/SqFt
Multi

Location

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5703 Beach Dr Unit A & B, Panama City$595,000

Buyer Closing Credits

$7,066*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway, Paved
Year Built2002
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
MLS #757545
StatusActive

About 5703 Beach Dr Unit A & B

SHORT TERM RENTAL RECORDS OF $63,000 A YEAR!. The location of this duplex is absolutely amazing! Imagine the memories you'll have at the beach in this home! Located just steps from the beach access. Zoned for short term rentals, this duplex is the perfect investment property. One side of the duplex offers two bedrooms and two baths while the other side offers two bedrooms and one a half baths. Each unit is thoughtfully designed with a spacious, open concept and is turn-key. The covered patio and privacy fence in the back yard offers great privacy for each unit. Rent each unit separately to maximize the rental potential with this duplex! Or live in one side and enjoy the beach life while you rent the other side for additional income. The units already have rentals on the books for 2024 and reservations being made daily. This home is a sanctuary where you and your guests can create lasting memories!

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 2002
  • Living Area: 1,551 SqFt

Listing Office:

  • Office Name: Coldwell Banker Carroll Realty

Interior Features

Interior Information:

  • Appliances: Dryer, Electric Oven, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Built-in Barbecue, Deck

Parking Information:

  • Parking: Driveway, Paved

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From the Hathaway Bridge. Head south on Thomas Dr. Follow the road and veer right onto Thomas Drive then take a right onto Luff St. then a left onto Beach Dr. and the duplex is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $595,000
  • Price Per SqFt: $384/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

$339.2K

Med. Price/SqFt

$201

Avg. Days On Market

79

# of Sold Homes

166

5703 Beach Dr Unit A & B vs Panama City

190 DAYS ON ROCKET

+111 Days

$595,000

+$255.7K More

$384/SqFt

+$183 More

KEY TAKEAWAY

This property is $255.7K more than the Median Sold Price and $183/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: #757545

Listing Office:

  • Office Name: Coldwell Banker Carroll Realty

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: 12/17/2024, 11:55:59 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

$3,037

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,850

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NMLS#3030

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-4275155
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.67 miles

  • Public District Grades KG-5

school-card-donut-4275156
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 3.98 miles

  • Public District Grades PK-5

school-card-donut-4275157
1
/10

  • St. Andrew School at Oakland Terrace

  • 2010 W 12th St

  • 4.35 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 $42,841. Most Panama City, FL residents have annual incomes between $35k-100k. Most 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›5703 Beach Dr Unit A & B

This home is located at 5703 Beach Dr Unit A & B in Panama City, FL and zip code 32408 in the Biltmore Beach neighborhood. This 1,551 square foot home was built in 2002. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 10, 2024 and is currently priced at $595,000.

Panama City, FL housing market in November 2024 saw over 13 listings sold above listed price, more than 33 sold at listed price and over 120 sold below. Between October 2024 and November 2024, Panama City, FL real estate market has seen decrease in the number of listings by 3.9%. In November 2024 median list price was $339,223 and the average listing age was 79 days.

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

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