5928 Beach Drive
Panama City Beach, FL 32408
$674,000
Price
5
Beds
3
Baths
1,963 Sq. Ft.
$343 / Sq. Ft.
1,963
Sq. Ft.
$343
per Sq. Ft.
Description
Income-Generating Gem: Investor's Dream in Panama City Beach! Turnkey High-Earning Vacation Rental - Prime Opportunity! Seller is generously offering concessions towards furniture or decor upgrades! 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...Income-Generating Gem: Investor's Dream in Panama City Beach! Turnkey High-Earning Vacation Rental - Prime Opportunity! Seller is generously offering concessions towards furniture or decor upgrades! 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.
- Listed by Amy L Killian • Beachy Beach Real Estate
Property Details for 5928 Beach Drive
Architectural Style
Traditional
WaterfrontNo
Parking FeaturesDriveway, Open, Paved
Subdivision NameBiltmore Beach 1st Add
Zoning DescriptionResid Multi-Family
LISTING UPDATED: 01/13/2025 03:00 PM
Property Details for 5928 Beach Drive
| Status | Active |
|---|---|
| MLS # | 756259 |
| Days on Market | 263 |
| Taxes | $4,826 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Detached / Detached |
| Year Built | 1997 |
| Lot Size | 0.14 AC / 6,098 SF |
| County | Bay County |
Building Information for 5928 Beach Drive
Stories-Year Built1997Building Size-Lot Size0.14 AC / 6,098 SF
Property Information for 5928 Beach Drive
Summary
Location and General Information
- City: Panama City Beach
- County Or Parish: Bay
- 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.
- Road Surface Type: Paved
- Postal Code: 32408
- Latitude: 30.149294
- Longitude: -85.761056
- State Or Province: FL
- Road Frontage Type: County Road
- MLS Area Major: 03 - Bay County - Beach
- MLS Area Minor: 0323 - Beach - South of Grand Lagoon
Taxes and HOA Information
- Parcel Number: 32122-000-000
- Association: No
- Tax Annual Amount: $4,826.00
- Tax Block: K
- Tax Legal Description: BILTMORE BEACH 1ST ADD LOT 23 BLK K ORB 4642 P 1683
- Tax Lot: 23
- Tax Year: 2023
School Information
- Elementary School: Patronis
- High School: Arnold
- Middle Or Junior School: Surfside
Parking
- Garage: No
- Open Parking: Yes
- Other Parking: Driveway Spaces:4.00
Property
Lot Information
- Lot Size Acres: 0.14
- Lot Size Dimensions: 50x120
- Lot Size Square Feet: 6000.0
- Living Area: 1963.0
- Living Area Source: Appraiser
Property and Assessments
- Year Built: 1997
- Property Attached: No
- Property Condition: Updated Remodeled
- Public Survey Range: 15W
- Public Survey Section: 16
- Public Survey Township: 4S
- Human Modified: No
Utilities
- Sewer: Septic Tank
- Utilities: Septic Available, Water Connected
Interior and Exterior Features
Exterior Features
- Exterior Features: Outdoor Shower, Porch, Patio
- Fencing: Fenced, Privacy
- Community Features: Short Term Rental Allowed
- Construction Materials: Frame, Vinyl Siding
- Foundation Details: Slab
- Patio And Porch Features: Porch, Screened
- Security Features: Smoke Detectors
- Roof: Metal
Interior Features
- Bathrooms Full: 3
- Bathrooms Total: 3
- Bedrooms Total: 5
- Cooling: Yes
- Cooling: Central Air, Ceiling Fans
- Heating: Yes
- Heating: Central
- Furnished: Furnished
- Appliances: Double Oven, Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Freezer, Microwave, Range Hood, Washer
- Fireplace Features: Outside
- Interior Features: Breakfast Bar, High Ceilings, New Paint, Pantry, Remodeled, Recessed Lighting, Vaulted Ceilings
Room Information
Room 1
- Room Area: 64.0
- Room Dimensions: 8 x 8
- Room Length: 8.0
- Room Level: First
- Room Type: Laundry
- Room Width: 8.0
Room 2
- Room Area: 96.0
- Room Dimensions: 12 x 8
- Room Length: 12.0
- Room Level: First
- Room Type: Dining Room
- Room Width: 8.0
Room 3
- Room Area: 228.0
- Room Dimensions: 12 x 19
- Room Length: 12.0
- Room Level: First
- Room Type: Living Room
- Room Width: 19.0
Room 4
- Room Area: 240.0
- Room Dimensions: 12 x 20
- Room Length: 12.0
- Room Level: First
- Room Type: Kitchen
- Room Width: 20.0
Room 5
- Room Area: 180.0
- Room Dimensions: 12 x 15
- Room Length: 12.0
- Room Level: First
- Room Type: Bedroom
- Room Width: 15.0
Room 6
- Room Area: 156.0
- Room Dimensions: 12 x 13
- Room Length: 12.0
- Room Level: First
- Room Type: Bedroom
- Room Width: 13.0
Room 7
- Room Area: 132.0
- Room Dimensions: 11 x 12
- Room Length: 11.0
- Room Level: First
- Room Type: Bedroom
- Room Width: 12.0
Room 8
- Room Area: 110.0
- Room Dimensions: 10 x 11
- Room Length: 10.0
- Room Level: First
- Room Type: Bedroom
- Room Width: 11.0
Room 9
- Room Area: 272.0
- Room Dimensions: 16 x 17
- Room Length: 16.0
- Room Level: First
- Room Type: Bedroom
- Room Width: 17.0
Rental
Rental Information
- Occupant Type: Tenant
Property History for 5928 Beach Drive
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5928 Beach Drive
Taxable ValueLand$169,638Additions$222,452Total$392,090
Tax Record2024$4,858 ($405 / month)
Home Facts
Beds3Total Finished SqFt1,810 SqFtAbove Grade Finished SqFt1,810 SqFtStories1Lot Size5,924 SqFtStyleSingle Family ResidenceYear Built1997Year Renovated2017ZoningBC17CountyBAYAPN32122-000-000
Schools near 5928 Beach Drive
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 3 |
Rating | School | Distance |
|---|---|---|
Patronis Elementary School PublicK to 5 | ||
Surfside Middle School Public6 to 8 | ||
J.R. Arnold High School Public9 to 12 | ||
A. Gary Walsingham Academy PublicPK to 3 |
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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Cities
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Listing Courtesy of Beachy Beach Real Estate
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