6 months on rocket

5928 Beach Dr, Panama City Beach, FL, 32408

$675,000

Home List Price

$8,016*

Closing Credit

5 Bedrooms
3 Full Baths
1,963 SqFt
$344/SqFt
House

Location

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5928 Beach Dr, Panama City$675,000

Buyer Closing Credits

$8,016*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1997
HeatingCentral
CoolingCentral Air
MLS #951651
Lot Size0.14 Acres
StatusActive

About 5928 Beach Dr

Income-Generating Gem: Investors Dream in Panama City Beach! Turnkey High-Earning Vacation Rental - Prime Opportunity! This 5-bedroom, 3-bathroom, single-story home is a proven cash-flow powerhouse! With a 2023 gross rental income of $93,000 and 2024 on track for similar success, this property outperforms projections year after year. Fully turnkey, it conveys all updated furnishings, décor (refreshed in 2023), and smart home features, including digital thermostats and exterior cameras. Whether youre a seasoned investor or a first-time buyer, this property is set up for seamless management and maximum occupancy, comfortably accommodating up to 12 guests. Exceptional Features Designed for High Demand Guest-Friendly Layout: Single-story home with zero stairs, tile flooring throughout, vaulted ceilings, and stainless steel appliances. Entertainment Spaces: Two enclosed porches, multiple dining areas, and a private backyard with a fire pit, BBQ grill, and plenty of room for outdoor fun. Enhanced Amenities: Pet-friendly backyard, outdoor shower, a spacious laundry/utility room with a second refrigerator, and ample parking for guests. Group-Friendly Design: Two King en-suites (one with patio access), two Queen bedrooms, and a double bunk bedroom ensure privacy and comfort for families or group bookings. Prime Location for Year-Round Bookings Known as Pelican Paradise on Airbnb, this rental boasts 65 reviews with a 4.62-star average rating. Located just blocks from a public boat ramp, its perfect for water enthusiasts bringing boats or jet skis. Public beach access is nearby, with Rick Seltzer Beach Park and St. Andrews State Park just a mile away. Local dining, entertainment, and golf are within a two-mile radius, making this property an in-demand destination for vacationers. Added Value for Buyers: The motivated seller is offering $800 toward a home warranty at closing, providing peace of mind for the next owner. This is your chance to own a high-performing, low-maintenance investment property in the heart of Panama City Beachs vacation rental market. Dont waitcontact your real estate agent today to schedule a showing or request more details! Note: Buyer to verify all measurements and any information deemed important.

Property Details

Property Features

Property Information:

  • Architectural Style: Beach House
  • Year Built: 1997
  • Stories: 1
  • Living Area: 1,963 SqFt

Listing Office:

  • Office Name: Beachy Beach Real Estate
  • Office Email: karen@beachybeach.com
  • Listing Agent: Karen K Smith

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Dryer, Freezer, Microwave, Double Oven, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Breakfast Bar, Raised Ceiling, Vaulted Ceilings, Recessed Lighting, Newly Painted, Pantry, Renovated, Window Treatment(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Fenced Back Yard, Fenced Privacy, Fireplace, Patio Open, Porch Screened

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Heading East on Thomas Drive, turn Left on Dolphin Dr, Turn Left on Beach Dr - home will be on the Right. Heading West on Thomas Drive, turn Right on Dolphin Dr, Turn Left on Beach Dr. Home will be on

Price Information

Listing Price Info

Price Summary:

  • List Price: $675,000
  • Price Per SqFt: $344/SqFt

Tax Information:

  • Annual Amount: $2,297
  • Tax Year: 2020
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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

5928 Beach Dr vs Panama City

198 DAYS ON ROCKET

+119 Days

$675,000

+$335.7K More

$344/SqFt

+$143 More

KEY TAKEAWAY

This property is $335.7K more than the Median Sold Price and $143/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Emerald Coast Association of REALTORS®
  • MLS Number: #951651

Listing Office:

  • Office Name: Beachy Beach Real Estate
  • Office Email: karen@beachybeach.com
  • Listing Agent: Karen K Smith

IDX Information Deemed Reliable but not guaranteed. The information being provided is 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. 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: 12/22/2024, 9:21:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 10, 2021Home Sold
$347,500
Jan 21, 2014Home Sold
$157,800
Oct 04, 2013Home Sold
$65,900
Oct 31, 2006Home Sold
$150,000
Apr 21, 2005Home Sold
$159,900
Oct 11, 2004Home Sold
$222,000
Apr 02, 1998Home Sold
$192,000
Jun 20, 1997Home Sold
$11,500

Tax History

YEARPROP. TAXASSESSMENT
2020$2,297$185,528
2018$2,132$167,210
2017$2,116$164,692

History based on county public records data.

Payment Calculator

$3,436

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,090

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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-941690
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.47 miles

  • Public District Grades KG-5

school-card-donut-941691
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 3.99 miles

  • Public District Grades PK-5

school-card-donut-941692
1
/10

  • St. Andrew School at Oakland Terrace

  • 2010 W 12th St

  • 4.42 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 majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5928 Beach Dr

What is the listing price of this property?

The listing price of 5928 Beach Dr property is $675,000.

What type of property is this?

The property 5928 Beach Dr is a house located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 5928 Beach Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,297 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 10, 2021 for $347,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5928 Beach Dr has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 5928 Beach Dr is 1,963 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5928 Beach Dr is 1997.

Rocket Homes›Florida›Bay County›Panama City›32408›5928 Beach Dr

This home is located at 5928 Beach Dr in Panama City Beach, FL and zip code 32408 in the Biltmore Beach neighborhood. This 1,963 square foot home, which was built in 1997, sits on a 0.14 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 06, 2024 and is currently priced at $675,000.

In November 2024, from all listings sold in Panama City, FL there were more than 13 sold above asking price, over 120 sold below and more than 33 were sold right at the asked price. Between October 2024 and November 2024, Panama City, FL real estate market has seen decrease in the number of listings by 3.9%. The median list price of listings available in November 2024 was $339,223, while the average time on the real estate market was 79 days.

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

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