Find Your Emerald Coast Home Live the Gulf Life!

5012 Gulf Drive 1-4

Panama City , FL 32408

MLS#: 783708

$1,750,000

Status: Active
Listing number: 783708
Listing provided by: LPT Realty LLC
Listing agent phone: None
Last update: 20 hours ago
On site: a month ago
Browse Properties
Gulfside Condo. - Residential

Property

Beds

10

Full Baths

8

1/2 Baths

None

Year Built

1973

Sq.Footage

N/A

60 FEET FROM BEACH ACCESS | RARE QUAD-PLEX PACKAGE WITH HUGE VACATION RENTAL INCOME POTENTIAL! Located approximately 60 feet from a wide paved public beach access, this extremely rare four unit beachside complex offers a unique opportunity to own a 2 story entire ground level quadplex at the end of a quiet cul de sac with no thru traffic. The direct proximity to beach access combined with the low density setting creates strong and consistent short term rental demand in Panama City Beach. The property consists of four ground floor units totaling approximately 3,500 square feet with 10 bedrooms and 8 bathrooms across the complex and is situated on approximately 0.13 acres. Unit 1 and Unit 3 are each 3 bedroom 2 bath units of approximately 935 square feet, while Unit 2 and Unit 4 are each 2 bedroom 2 bath units of approximately 815 square feet. The property includes a shared community pool. There is no HOA and short term rentals are allowed. The entire complex is being offered fully furnished and turnkey, allowing a new owner to begin generating rental income immediately upon closing while capturing peak revenue as the Panama City Beach spring and summer seasons approach. The units offer functional layouts, durable finishes, and ground floor access that renters consistently prefer. Major building improvements have already been completed including solid all brick construction with dual layers of elastomeric stucco and paint, a 2024 standing seam metal roof w new truss system and hurricane clips, updated windows and doors, HVAC and water heaters replaced . Ownership of the entire complex provides FULL control of the building and common areas, allowing a buyer to establish access, usage, and management standards that align with their investment strategy. The seller has prepared rental projections estimating gross annual income potential in the range of approximately $200,000 to $225,000 when operated as short term rentals, and rental projections are estimates and not guaranteed. Previous numbers are available under a contingency. Quadplexes offering direct beach access, no HOA restrictions, rental flexibility, and scale potential rarely come available as a single acquisition in this location. Assets with this level of location, scale, and rental flexibility do not stay available long. Call your favorite agent today to schedule a showing and learn more about this STR quadplex opportunity in Panama City Beach, FL!

Features & Amenities

Interior

  • Total Bedrooms

    10

  • Bathrooms

    8

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Other Exterior Features

    Balcony

  • Parking

    Additional Parking, Paved

  • Patio and Porch Features

    Patio, Covered, Porch

  • Pool

    Yes

  • Pool Features

    Community

  • Waterfront YN

    YES

  • View

    Water

Area & Lot

  • Lot Features

    Paved, Waterfront

  • Lot Size(acres)

    0.13

  • Property Type

    Residential

Price

  • Sales Price

    $1,750,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Patronis

  • Middle School

    Surfside

  • High School

    Arnold

Property Features

  • Stories

    2

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Bay

Elementary School

Patronis

Middle School

Surfside

High School

Arnold

Listing Courtesy of Kerry J Jackson , LPT Realty LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Debra McAllister

REALTOR®

Debra McAllister

Call Debra today to schedule a private showing.

(503) 314-9885

Debra@GulfLifeGo.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
60 FEET FROM BEACH ACCESS | RARE QUAD-PLEX PACKAGE WITH HUGE VACATION RENTAL INCOME POTENTIAL! Located approximately 60 feet from a wide paved public beach access, this extremely rare four unit beachside complex offers a unique opportunity to own a 2 story entire ground level quadplex at the end of a quiet cul de sac with no thru traffic. The direct proximity to beach access combined with the low density setting creates strong and consistent short term rental demand in Panama City Beach. The property consists of four ground floor units totaling approximately 3,500 square feet with 10 bedrooms and 8 bathrooms across the complex and is situated on approximately 0.13 acres. Unit 1 and Unit 3 are each 3 bedroom 2 bath units of approximately 935 square feet, while Unit 2 and Unit 4 are each 2 bedroom 2 bath units of approximately 815 square feet. The property includes a shared community pool. There is no HOA and short term rentals are allowed. The entire complex is being offered fully furnished and turnkey, allowing a new owner to begin generating rental income immediately upon closing while capturing peak revenue as the Panama City Beach spring and summer seasons approach. The units offer functional layouts, durable finishes, and ground floor access that renters consistently prefer. Major building improvements have already been completed including solid all brick construction with dual layers of elastomeric stucco and paint, a 2024 standing seam metal roof w new truss system and hurricane clips, updated windows and doors, HVAC and water heaters replaced . Ownership of the entire complex provides FULL control of the building and common areas, allowing a buyer to establish access, usage, and management standards that align with their investment strategy. The seller has prepared rental projections estimating gross annual income potential in the range of approximately $200,000 to $225,000 when operated as short term rentals, and rental projections are estimates and not guaranteed. Previous numbers are available under a contingency. Quadplexes offering direct beach access, no HOA restrictions, rental flexibility, and scale potential rarely come available as a single acquisition in this location. Assets with this level of location, scale, and rental flexibility do not stay available long. Call your favorite agent today to schedule a showing and learn more about this STR quadplex opportunity in Panama City Beach, FL!

5012 Gulf Drive 1-4

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

New on site 2 days ago
This stunning 3-bedroom, 3-bath in the highly sought-after East Building of En Soleil offers 2,316 square feet of refined coastal living -- and opportunities like this are rarely available. This spacious end unit captures unparalleled panoramic views of the Gulf of America, flooding the interior with natural light and showcasing breathtaking sunrises over the emerald waters. Designed for both luxury and comfort, this residence features: Oversized Gulf-front balconies with outdoor kitchen Bonus bunk room - perfect for guests or additional sleeping space Expansive open living and dining areas ideal for entertaining En Soleil is known for its low-density privacy and upscale amenities, including: • Gulf-front pools & hot tubs • State-of-the-art fitness center • Owner's reserved underground parking • Private owner storage lockers • Gated entry & premier security Positioned in a prime location close to fine dining, marinas, and entertainment -- yet tucked away for peaceful beachfront living -- this residence embodies the best of luxury condominium ownership on the Emerald Coast. Rare. Refined. Remarkable. Opportunities in En Soleil do not last long.
#785472

Panama City

7505 Thomas Drive 411A

3 Beds

3 Baths

2,316 Sq.Ft.

$1,550,000

MLS#: 785472

Experience Gulf-front living at its finest in this rare, 2300 sq ft corner residence at St. Andrews Park Place, where sweeping panoramas of the emerald Gulf waters and spectacular sunsets define the lifestyle. Designed for those who demand views and quality, this sixth-floor, west-facing home showcases light-filled living with panoramic water views from virtually every room and multiple private balconies — including direct Gulf-facing outdoor space off the living area, master suite, and secondary bedroom. Step inside to an open-concept floor plan with luxury flooring throughout, Crown moulding and a beautifully updated kitchen that opens to the living and dining areas — all with unobstructed Gulf vistas that elevate daily living and entertaining alike. Each of the three generous bedrooms features its own en-suite bath and water views, providing exceptional comfort and privacy. The luxurious master suite includes balcony access, a spa tub, and a walk-in closet. This residence has been thoughtfully renovated and maintained, with timeless finishes that blend coastal sophistication with inviting ease. An in-unit washer and dryer, abundant storage in closets and utility hallway, and private garage parking enhance everyday convenience, with ample additional guest parking available. St. Andrews Park Place is a low-density, gated building with only 20 units, offering an exclusive, non-rental environment just steps from the water. Enjoy a beachfront pool and spa, direct beach access down sugar-white sands, and bordering the pristine St. Andrews State Park — perfect for nature lovers and outdoor enthusiasts. Quiet yet connected, you're minutes from marinas, the St. Andrews Pass, and Shell Island's world-class recreation. Furnishings convey with minor exclusions, making this the ideal second home, vacation retreat, or coastal escape. Don't miss an opportunity to own one of the most distinguished Gulf-front residences in the area. Measurements are approximate. All information is believed to be accurate but should be verified by the buyer if important. Reach out to schedule your private showing today.
#784774

Panama City

4421 Thomas Drive 602

3 Beds

3 Baths

2,300 Sq.Ft.

$1,790,000

MLS#: 784774

Experience the ultimate in waterfront living with this exquisite single-story 4-bedroom, 3.5-bath bayou-front estate. Perfectly positioned on a generous .79-acre lot with 156 feet of pristine waterfront, this 4,152 sq. ft. home blends modern luxury with serene coastal charm. Inside, the open-concept design showcases a gourmet chef's kitchen outfitted with Sub-Zero and Wolf appliances, two large sink areas, granite countertops, and seamless flow into the dining and living spaces -- all enhanced by breathtaking water views. The master suite, living room, dining area, and kitchen each capture the beauty of the bayou, creating a light-filled retreat where every day feels like a vacation.
#994303

Panama City

3045 W 30Th Court

5 Beds

3 Baths

4,152 Sq.Ft.

$1,850,000

MLS#: 994303

Resort luxury meets everyday living in this custom 5BR, 6.5BA home in the gated, Lake Merial Community! Welcome to 158 Lake Merial Blvd a home of timeless elegance and modern sophistication. Perfectly positioned in the quiet, gated enclave of Lake Merial and just moments from Bozeman School (K-12), this custom-built estate offers 5 bedrooms, 6.5 baths, and an unparalleled blend of comfort, privacy, and style. From the moment you arrive, the architectural presence is undeniable. Manicured grounds, an oversized three-car garage with epoxy flooring and custom cabinetry, and a paver drive set the tone for the detail and craftsmanship within. Inside, the home reveals itself with wide-plank flooring, soaring 20-foot vaulted ceilings, and walls of natural light. At its heart, a chef's kitchen designed for both function and beauty — a massive 10'x6' Carrera marble island, Viking and Fisher Paykel appliances, Butler's pantry with prep sink and ice maker, and a 200+ bottle climate-controlled wine cabinet. The expansive dining and living areas easily host family gatherings or elegant entertaining. The Owner's Suite is a sanctuary unto itself, nearly 1,000 sq ft of private luxury overlooking Lake Merial, while the spa bath features a rainfall shower with body jets, freestanding soaking tub, dual vanities, and a custom dressing room with center island and jewelry storage also having a balcony overlooking the pool. Additional 4 en-suite bedrooms provide refined comfort for family and guests alike. The outdoor living experience is resort caliber: a heated pool with infinity-edge spa, waterfall feature, and jets, surrounded by ample patio space designed for entertaining up to 40-50 guests. A fully appointed outdoor kitchen with quartz counters, Blaze refrigerator, grill, pizza oven, and fireplace. Conveniently includes a pool house with outdoor bathroom & sauna. No detail has been overlooked! Solar power with battery backup, EV charging station, CAT 7 wiring, fiber internet, hurricane-rated Anderson windows, copper gutters, and solid concrete construction are just a few of the countless upgrades. This is a property where luxury meets peace of mind. A true must-see, 158 Lake Merial Blvd is more than a home. It's a statement of refined living.
#784547

Panama City

158 Lake Merial Boulevard

5 Beds

6 Baths

4,928 Sq.Ft.

$1,500,000

MLS#: 784547

Experience the ultimate in waterfront living with this exquisite single-story 4-bedroom, 3.5-bath bayou-front estate. Perfectly positioned on a generous .79-acre lot with 156 feet of pristine waterfront, this 4,152 sq. ft. home blends modern luxury with serene coastal charm. Inside, the open-concept design showcases a gourmet chef's kitchen outfitted with Sub-Zero and Wolf appliances, two large sink areas, granite countertops, and seamless flow into the dining and living spaces — all enhanced by breathtaking water views. The master suite, living room, dining area, and kitchen each capture the beauty of the bayou, creating a light-filled retreat where every day feels like a vacation. A private office, oversized laundry room with dual laundry areas, abundant storage, and a 3-car garage add both convenience and sophistication. Step outside to your own waterfront resort-style oasis. The expansive entertainment area features a full outdoor kitchen, a gazebo with fire pit, and a sparkling pool with hot tub — the perfect backdrop for gatherings or quiet evenings by the water. For boating enthusiasts, this property is unmatched: two lifts (including a 25,000-lb lift for up to a 34'+ boat and a 10,000-lb lift for up to a 24'+ boat) plus a double jet ski dock offer direct access to the water. With North Bay just around the corner and the Gulf only 20 minutes away, you'll enjoy quick and easy passage to some of the best boating, fishing, and waterfront dining in the region. This rare bayou-front home offers the perfect balance of luxury, comfort, and adventure — a true sanctuary for those who love life on the water.
#784557

Panama City

3045 W 30th Court

5 Beds

3 Baths

4,152 Sq.Ft.

$1,850,000

MLS#: 784557

One of only eight waterfront homesites! King's Landing, an exclusive new community of 39 single-family homes nestled in the desirable King's Point area of Lynn Haven's Pretty Bayou. The stunning Abney C plan offers 3073 square feet of thoughtfully designed two-story living with 5 bedrooms, 3 baths, a study, spacious loft and a 2 car garage. The Abney layout seamlessly connects the modern kitchen, dining area and family room, perfect for entertaining and everyday living. The kitchen features contemporary finishes and an island that serves as the heart of the home. The spacious owner's suite provides a private retreat with a walk-in closet and ensuite bath complete with a double vanity, shower and separate water closet. Four additional bedrooms and 2 full baths provide comfortable accommodations for family and guests. Residents will enjoy access to the community pool and cabana, perfect for relaxing and socializing with neighbors. King's Landing combines comfortable coastal living with convenient access to the water, local shopping, dining and recreation. Experience the quality craftsmanship and attention to detail that Traton Homes has delivered for 55 years.
#784381

Panama City

3117 Castleview Lane

5 Beds

3 Baths

3,073 Sq.Ft.

$1,439,000

MLS#: 784381

Ready for the best Sunsets in PCB? Well look no further than 5914 Sunset Ave—your serene sanctuary where elegance meets tranquility. This exquisite, brand-new construction boasts 4 opulent bedrooms and is the crown jewel of East End PCB. Enjoy effortless access throughout your home with a private elevator, providing convenience and luxury at every level. Designed with meticulous attention to detail, this residence harmoniously blends cutting-edge architecture with resort-style living, making it the ultimate retreat. The gourmet kitchen features sleek black Café appliances and stunning quartz countertops, accompanied by a wet bar and a wine fridge, perfect for entertaining. Indulge in spa-like bathrooms that provide an oasis of relaxation, all complemented by refined decor throughout. Offered fully furnished, this home is truly turnkey—ideal as a primary residence, a luxurious second home, or an outstanding investment opportunity. Distinctively, there is no HOA, allowing you the freedom to personalize your living experience without the burden of additional fees or restrictions. Located just a few blocks from the beach, immerse yourself in breathtaking Gulf views. However, the true centerpiece of this property lies in its spectacular outdoor space. Step into your backyard oasis, featuring a heated saltwater pool that invites you to relax and unwind. Surrounding the pool, stunning landscaping creates a serene atmosphere, while an outdoor shower and a fully equipped outdoor kitchen, enclosed by a privacy fence, elevate your leisure and entertainment experience. Discover a life of elegance and ease at 5914 Sunset Ave, where every day feels like a fabulous getaway.
#784223

Panama City

5914 Sunset Avenue

4 Beds

3 Baths

3,078 Sq.Ft.

$1,925,000

MLS#: 784223

A rare and luxurious waterfront offering, this stunning lagoon-front residence sits on just under 1 acre, delivering privacy, breathtaking views, and an elevated coastal lifestyle. Encompassing 3,384 square feet, this 4-bedroom, 3.5-bath residence is filled with soaring ceilings, expansive windows, and an abundance of natural light that frames the serene lagoon from nearly every room. Designed for both elegant living and entertaining, the home features a remodeled kitchen that serves as the heart of the residence perfect for hosting gatherings while enjoying water views. Light pours into the living spaces, enhancing the open feel between indoor and outdoor living. The home offers three gas fireplaces, adding warmth and ambiance throughout. All windows and doors have been replaced with hurricane rated systems installed to current code. The roof was replaced in May of 2024 and includes a 10 year workman warranty. The outdoor setting is equally impressive, highlighted by a large, private pool and a dock with the potential to create a custom boat oasis. Whether relaxing poolside or launching a day on the water, the backyard provides a tranquil and luxurious escape. The entire second floor is dedicated to the primary suite, offering a private retreat complete with a spacious bedroom, en-suite bath, and a private balcony that is great for enjoying a morning coffee or watching unforgettable sunsets over the lagoon. Upon arrival, the home makes a striking first impression with a beautifully landscaped front yard, and mature trees. A 3-car garage offers generous space for vehicles or storage, adding both convenience and versatility. With its commanding waterfront presence, refined interior spaces, and exceptional outdoor potential, this extraordinary property presents a rare opportunity to own a truly refined lagoon-front retreat. Information contained within this listing such as lot dimensions, is deemed to be accurate but is not guaranteed. Buyer to verify.
#783869

Panama City

8127 N Lagoon Drive

4 Beds

3 Baths

3,384 Sq.Ft.

$2,000,000

MLS#: 783869

LAGOON LIVING now UNDER CONSTRUCTION. Home will have boat slip on community dock. The new homesites in the gated Grand Lagoon Pointe will offer waterfront and interior sites. Less than one mile to Rick Seltzer Park. All homes will have access to the community pool and green space. Drink your coffee on the covered patio while watching the dolphins play. This home is available for pre-sale, design selections are able to be changed. Home is to be built.
#783393

Panama City

7860 Grand Lagoon Way

4 Beds

3 Baths

2,884 Sq.Ft.

$1,550,000

MLS#: 783393

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service