6 months on rocket

5928 Beach Dr, Panama City, FL, 32408

$685,000

Home List Price

$8,134*

Closing Credit

5 Bedrooms
3 Full Baths
1,963 SqFt
$349/SqFt
House

Location

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5928 Beach Dr, Panama City$685,000

Buyer Closing Credits

$8,134*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Open, Paved
Year Built1997
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
FireplaceOutside
MLS #756259
Lot Size0.14 Acres
StatusActive

About 5928 Beach Dr

Investor's Dream in Panama City Beach! High-Earning Vacation Rental with Strong History and Exceptional Features!This property is a proven income generator, with rental data showing consistently impressive returns--outperforming projections year after year! With a 2023 gross rental income of $93,000, and 2024 looking to finish just as strong, this 5-bedroom, 3-bathroom, single-story home is set up for maximum occupancy and comfort, accommodating up to 12 guests. It's fully turnkey, conveying all furniture and decor (updated in 2023) along with smart technology like digital thermostats and exterior floodlight cameras. Perfectly poised for the vacation rental market, the property offers coastal furnishings, spacious layouts, and valuable features that will continue to attract and retain renters. This property has been designed with durability and style in mind!Prime Features for High Occupancy Rates:Zero stairs making easy access for guests of all ages, tile flooring throughout, stainless steel appliances, and vaulted ceilings. Multiple Gathering Areas: Two enclosed porches, multiple dining spaces, and a private backyard with ample room for entertainingGuest-Focused Amenities: Laundry/utility room with an additional refrigerator, outdoor shower, pet-friendly backyard with grassy space, and a paver patio complete with a fire-pit and BBQ grillPrivacy for Groups: Spacious primary King ensuite with back patio access, secondary King ensuite, two Queen bedrooms, and a double bunk bedroom--ideal for large families or group bookings.Prime Location & Strong Reviews! This Airbnb rental, known as ''Pelican Paradise,'' boasts 62 reviews with a 4.63 average rating. Just blocks from a public boat ramp, renters can bring their boat or jet ski, adding appeal for guests seeking water-based adventures. Public beach access is nearby, with Rick Seltzer Beach Park and St Andrews State Park each only a mile away. Local dining, entertainment, and golf are within a two-mile radius, making this a highly desirable rental location in Panama City Beach.Additional Incentives: The motivated seller is offering $800 toward a home warranty at closing. Don't miss the chance to acquire this high-earning, low-maintenance investment property. Contact your real estate agent today to learn more or schedule a showing.Note: Buyer to verify all measurements and any information deemed important.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1997
  • Living Area: 1,963 SqFt

Listing Office:

  • Office Name: Beachy Beach Real Estate

Interior Features

Interior Information:

  • Appliances: Double Oven, Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Freezer, Microwave, Range Hood, Washer
  • Interior: Breakfast Bar, High Ceilings, New Paint, Pantry, Remodeled, Recessed Lighting, Vaulted Ceiling(s)
  • Fireplace: Outside

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Outdoor Shower, Porch, Patio

Parking Information:

  • Parking: Driveway, Open, Paved

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

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

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 the Right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $685,000
  • Price Per SqFt: $349/SqFt
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Housing Market Comparison

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

Med. Sold Price

$339.4K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

194

5928 Beach Dr vs Panama City

208 DAYS ON ROCKET

+131 Days

$685,000

+$345.5K More

$349/SqFt

+$147 More

KEY TAKEAWAY

This property is $345.5K more than the Median Sold Price and $147/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: #756259

Listing Office:

  • Office Name: Beachy Beach Real Estate

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, 10:20:51 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

$3,486

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,120

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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-451921
7
/10
  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.47 miles

  • Public District Grades KG-5

school-card-donut-451922
3
/10
  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 3.99 miles

  • Public District Grades PK-5

school-card-donut-451923
1
/10
  • St. Andrew School at Oakland Terrace

  • 2010 W 12th St

  • 4.42 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,841. The majority of Panama City, FL residents have income between $35k-100k annually. 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 $685,000.

What type of property is this?

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

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 HomesFloridaBay CountyPanama City324085928 Beach Dr

This home is located at 5928 Beach Dr in Panama City, 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 April 27, 2024 and is currently priced at $685,000.

While more than 16 listings in Panama City, FL in October 2024 were sold above asking price, there were more than 40 listings sold at asking price, and 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, listings were on the market for 77 days. During the same period, the median list price in this real estate market was $339,477.

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

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