5012 Gulf Drive 1-4, Panama City Beach, FL 32408
  • MLS#: 783708 ( Residential )
  • Street Address: 5012 Gulf Drive 1-4
  • Viewed: 62
  • Price: $1,750,000
  • Price sqft: $500
  • Waterfront: No
  • Year Built: 1973
  • Bldg sqft: 3500
  • Bedrooms: 10
  • Total Baths: 8
  • Full Baths: 8
  • Days On Market: 85
  • Additional Information
  • Geolocation: 30.1406 / -85.7532
  • County: BAY
  • City: Panama City Beach
  • Zipcode: 32408
  • Subdivision: Gulfside Condo.
  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold
  • Provided by: LPT Realty LLC
  • DMCA Notice
  • Description
    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!
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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 CONDOMINIUM 16 4S 15W -404.5- 70B1 ENDING 32256-040-000 + GULFSIDE CONDO APT 1 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841 + GULFSIDE CONDO APT 2 ORB 494 P 370 2BR 2B 688 H&C ORB 4900 P 1592 + GULFSIDE CONDO APT 3 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841 + GULFSIDE CONDO APT 4 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. 32256-009-000
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
Tax Year
  1. 2025
The Range
  1. 0.00
Trash Expense
  1. 0.00
Unit Number
  1. 1-4
Utilities
  1. ElectricityAvailable
View
  1. Gulf
Views
  1. 62
Year Built
  1. 1973
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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