5012 Gulf Drive 2, Panama City Beach, FL 32408
  • MLS#: 783407 ( Residential )
  • Street Address: 5012 Gulf Drive 2
  • Viewed: 56
  • Price: $409,000
  • Price sqft: $502
  • Waterfront: No
  • Year Built: 1973
  • Bldg sqft: 815
  • Bedrooms: 2
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 93
  • Additional Information
  • Geolocation: 30.1406 / -85.7533
  • County: BAY
  • City: Panama City Beach
  • Zipcode: 32408
  • Subdivision: Gulfside Condo.
  • Building: Gulfside Condo.
  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold
  • Provided by: LPT Realty LLC
  • DMCA Notice
  • Description
    NOW BACK ON MARKET AT NO FAULT TO THE SELLER New Property Video & 3D Home Tour! Rare opportunity to own an updated ground floor 2 bedroom 2 bath beachside condo directly across from a wide paved PUBLIC BEACH ACCESS! Simply walk out your front door and you are less than 60 feet from the beach access, making this unit extremely attractive for short term rentals and personal use alike. NO HOA but shared access and maintenance agreement between 4 units. Short term rentals allowed. Large private deck and pool on site. These units are truly a one of a kind opportunity! This ground floor layout is exactly what renters want and owners appreciate, offering easy access with no stairs and immediate proximity to the beach. Located at the end of a quiet cul de sac with no thru traffic, the setting provides a rare balance of privacy and convenience that consistently drives strong rental demand. The unit features updated LVP flooring with upgraded rubber backing, a functional and efficient layout, and durable finishes designed for low maintenance ownership. The building has seen major improvements including solid 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. Two assigned parking spaces convey with the unit. Walkable to popular beachfront dining including Schooners and positioned directly across from one of the widest public beach access points in PCB. Updated ground floor condos this close to the beach with no HOA, rental flexibility, and a community pool rarely come available. Ideal for investors looking to scale a beach rental portfolio in one location or buyers seeking a simple, low hassle beach property they can actually use and enjoy. Units #1, #3, and #4 are currently also listed for sale, offering an investor the unique opportunity to acquire the entire building. Buyer to verify all measurements and information deemed important.
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Features
Appliances
  1. WasherDryerStacked
  2. ElectricRange
  3. ElectricWaterHeater
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. CentralAir
Covered Spaces
  1. 0.00
Exterior Features
  1. Patio
Flooring
  1. LuxuryVinylPlank
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Electric
High School
  1. Arnold
Insurance Expense
  1. 0.00
Legal Description
  1. GULFSIDE CONDO APT 2 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841
Levels
  1. Two
Living Area
  1. 0.00
Lot Features
  1. Paved
Middle School
  1. Surfside
Area Major
  1. 03 - Bay County - Beach
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 32256-020-000
Parking Features
  1. AdditionalParking
  2. Paved
Pet Deposit
  1. 0.00
Pool Features
  1. Community
Property Type
  1. Residential
Roof
  1. Metal
School Elementary
  1. Patronis
Security Deposit
  1. 0.00
Sewer
  1. PublicSewer
Style
  1. LowRise
Tax Year
  1. 2025
The Range
  1. 0.00
Trash Expense
  1. 0.00
Utilities
  1. ElectricityAvailable
View
  1. Gulf
Views
  1. 56
Year Built
  1. 1973
Liked Listings
Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
  4. 229.834.4988