5012 Gulf Drive, Unit 1

Panama City Beach, FL 32408

$1,900,000
Price
8
Beds
8
Baths
3,500 Sq. Ft.
$543 / Sq. Ft.
3,500
Sq. Ft.
$543
per Sq. Ft.

Description

Investment Opportunity: Beachside Quadplex Discover a prime investment opportunity with this turnkey quadplex, perfectly situated across a quiet street from the beach and directly at the public access. This multifamily complex is not just a property; it's a lucrative rental machine with a proven track record of success, boasting 5-star reviews on Airbnb.- Four Units, Each with 2 Bedrooms and 2 Full Baths: Ideal for attracting vacationers and long-term renters alike.- Amenities: Enjoy a refreshing...Investment Opportunity: Beachside Quadplex Discover a prime investment opportunity with this turnkey quadplex, perfectly situated across a quiet street from the beach and directly at the public access. This multifamily complex is not just a property; it's a lucrative rental machine with a proven track record of success, boasting 5-star reviews on Airbnb.- Four Units, Each with 2 Bedrooms and 2 Full Baths: Ideal for attracting vacationers and long-term renters alike.- Amenities: Enjoy a refreshing pool and the convenience of no HOA fees, maximizing your investment returns.- Recent Upgrades: All-brick construction with two layers of elastomeric stucco and paint, plus a brand-new 2024 standing seam metal roof. Water heaters replaced in 2021 and modernized windows and doors ensure low maintenance.- Modern Interiors: Updated LVP flooring with thicker rubber backing for durability and comfort.- Proven Rental Success: This property consistently generates strong rental income, supported by its stellar 5-star Airbnb reviews from satisfied guests.- Ample Parking: A spacious lot with 10 designated spots (2 per unit), plus additional space for vendors or overflow. This property requires minimal upkeep with no grass or lawn service, making it an attractive option for hassle-free ownership. Financials are available upon request. Don't miss this chance to own a profitable condo complex while avoiding rising HOA fees and assessments. Invest in your future today! Seller is willing to sell only two units inquire if Intrested.
  1. Listed by Sandi Smith • Dalton Wade Inc

Property Details for 5012 Gulf Drive, Unit 1

Waterfront
No
Parking Features
Additional Parking, Paved
Subdivision Name
[No Recorded Subdiv]
View
Gulf
View
Yes
LISTING UPDATED: 12/17/2024 10:53 AM

Property Details for 5012 Gulf Drive, Unit 1

StatusActive
MLS #766283
Days on Market1
Taxes$750 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Quadruplex
Year Built1973
Lot Size0.21 AC / 8,960 SF
CountyBay County

Building Information for 5012 Gulf Drive, Unit 1

Stories2Residences4Year Built1973Building Size-Lot Size0.21 AC / 8,960 SF

Property Information for 5012 Gulf Drive, Unit 1

Summary
Location and General Information
  • City: Panama City Beach
  • County Or Parish: Bay
  • Directions: THOMAS DRIVE TAKE HUFF TURN LEFT ON GULF. UNIT ON LEFT JUST BEFORE CUL DA SAC
  • Postal Code: 32408
  • Latitude: 30.140612
  • Longitude: -85.753308
  • State Or Province: FL
  • MLS Area Major: 03 - Bay County - Beach
  • MLS Area Minor: 0323 - Beach - South of Grand Lagoon
Taxes and HOA Information
  • Parcel Number: 32256-010-000
  • Association: No
  • Tax Annual Amount: $750.00
  • Tax Legal Description: GULFSIDE CONDO APT 1 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841
  • Tax Year: 2023
School Information
  • Elementary School: Patronis
  • High School: Arnold
  • Middle Or Junior School: Surfside
Parking
  • Garage: No
Property
Lot Information
  • Lot Size Dimensions: 112X80
  • Living Area: 3500.0
  • Living Area Source: Owner
Property and Assessments
  • Year Built: 1973
  • Human Modified: No
Utilities
  • Utilities: Electricity Connected, High Speed Internet Available
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony
  • Fencing: Fenced
  • Pool Features: In Ground
  • Community Features: Short Term Rental Allowed
  • Construction Materials: Stucco
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony, Covered, Deck, Open, Patio, Porch
  • Roof: Metal
Interior Features
  • Stories Total: 2
  • Bathrooms Full: 8
  • Bathrooms Total: 8
  • Bedrooms Total: 8
  • Cooling: Yes
  • Cooling: Central Air
  • Heating: Yes
  • Heating: Central
  • Furnished: Furnished
  • Laundry Features: Stacked
  • Appliances: Washer Dryer Stacked, Dishwasher, Electric Range, Microwave, Refrigerator
Multi Family
Multi-Family Information
  • Number Of Units In Community: 4
Rental
Rental Information
  • Occupant Type: Tenant

Property History for 5012 Gulf Drive, Unit 1

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5012 Gulf Drive, Unit 1

Taxable ValueLand-Additions$56,760Total-
Tax Record2023$750 ($62 / month)
Home Facts
Beds2Total Finished SqFt688 SqFtAbove Grade Finished SqFt688 SqFtStories1StyleCondominiumYear Built1973CountyBAYAPN32256-010-000

Schools near 5012 Gulf Drive, Unit 1

This home is within Bay.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Patronis Elementary School
PublicK to 5

Surfside Middle School
Public6 to 8

J.R. Arnold High School
Public9 to 12

St. Andrew School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5012 Gulf Drive, Unit 1 is a multi-family home for sale in Panama City Beach, FL 32408. This property was listed for sale on December 17, 2024 by Dalton Wade Inc, it's currently listed at $1,900,000. It has been on the market for a total of 0 days and was last sold on April 3, 2008. This listing's school district is Bay. Nearby schools include Patronis Elementary School, Surfside Middle School and J.R. Arnold High School. 5012 Gulf Drive, Unit 1 is a 8-bed, 8-bath, 3,500 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dalton Wade Inc

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