7 months on rocket

5928 Beach Dr, Panama City, 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
ParkingDriveway, Open, Paved
Year Built1997
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
FireplaceOutside
MLS #756259
Lot Size0.14 Acres
StatusActive

About 5928 Beach Dr

Income-Generating Gem: Investor's 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, decor (refreshed in 2023), and smart home features, including digital thermostats and exterior cameras. Whether you're 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 DemandGuest-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 BookingsKnown 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, it's 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 Beach's vacation rental market. Don't wait--contact 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: 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: $675,000
  • Price Per SqFt: $344/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

5928 Beach Dr vs Panama City

239 DAYS ON ROCKET

+160 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: 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: 12/22/2024, 10:21:00 AM 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

$3,436

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-946510
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.47 miles

  • Public District Grades KG-5

school-card-donut-946511
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 3.99 miles

  • Public District Grades PK-5

school-card-donut-946512
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. The majority of Panama City, FL residents have income between $35k-100k annually. The most common type of family is single, no kids. Most 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, 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 Homes›Florida›Bay County›Panama City›32408›5928 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 $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. The inventory of homes for sale in Panama City, FL between October 2024 and November 2024 decreased 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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