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5012 Gulf Drive Unit 3, Panama City Beach, FL 32408

Beds
3
Baths
2
Sqft
935
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byLPT Realty
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Overview

New Property Video & 3D Home Tour! Rare opportunity to own a second-floor 3 bedroom, 2 bath beachside condo at the end of a cul-de-sac with no thru traffic, located directly across from an extra-wide, paved public beach access and within walking distance to several restaurants, including Schooners. Enjoy water views and added privacy from the upper level. Simply step outside and you're less than 60 feet from the beach, making this unit highly desirable for both short-term rentals and personal use. The unit features updated LVP flooring with upgraded rubber backing, a functional layout, and durable, low-maintenance finishes.

The building has seen major improvements including all-brick construction with dual layers of elastomeric stucco and paint, a 2024 standing-seam metal roof, updated windows and doors, and water heaters replaced in 2021. Owners enjoy a shared pool, no HOA, short-term rentals allowed, and two assigned parking spaces per unit.

The owner currently has Units #1, #3, and #4 available, offering a rare opportunity for investors to acquire multiple units in the same small complex directly across from beach access — an opportunity that seldom comes available in this area at this price point. Ideal for investors looking to scale a beach rental portfolio in one location.

Location

Full feature list

Basic info

Property type
House
Number of stories
2
Number of bedrooms
3
Number of bathrooms
2
Square feet
935
Year built
1973

Exterior features

Pool
Yes
Water view
Yes

Utilities

Heating
Central, Electric
Cooling
Central air
Sewer
Public sewer

Taxes

Tax Annual Amount (2024)
$738

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Central Panhandle Association of REALTORS MLS®#: 783288

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