INVESTORS! Short term rental allowed! Oversized 133'x108' parcel zoned for multi family with potential for an amazing income producing property! Live/rent the main home and build an additional duplex or single family home (design available). The existing 4 BR, 2 BA home includes an additional ADU (accessory dwelling unit) ideal for a mother in law suite, rental income or bonus space. The lock out unit has a separate entrance and offers a kitchenette and is plumbed/wired for adding a bathroom. It can be used as a bonus lock out room or finished out to have a second income producing unit. This is a great property for those looking to spread out with plenty of room for parking boat/RV, while also having a handy workshop at home. The main home is spacious and well maintained with updated vinyl plank flooring, ceramic tile. While located in Bahama Beach is zoned as Panama City Beach Estates where Short Term/multi family is approved. Upgrades include: New Roof in 2019, Whole House re Plumbed in 2017, HVAC in 2019, Connected to Sewer in 2018. Established long term renters in place. This is a must see property in the heart of Panama City Beach within a 10 minute walk or short golf cart ride to beach access 47! *All information and measurements are approximate, buyer to verify.