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5519_5521 Beach Drive, Panama City, FL 32408

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For Sale

$485,000

4 beds • 4 baths • 1,605 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Duplex
    Property type

  • 2003
    Year built

  • $302.18
    Price per square foot

  • Electric
    Fireplace Description

Explore this Property

If you have been looking to own and profit on Panama City Beach, this may be the perfect income-producing property for you. Just one block from the beach, this reasonably priced duplex has no HOAs and offers a fantastic location where you and your guests can enjoy many amenities year after year. Currently rented to long-term tenants, grossing $33,000, the short-term rental potential would be much higher, leaving plenty of room to call this a solid investment. You may be ready to live beach side on a budget and enjoy living in one unit and renting out the other. You and your guest will enjoy high ceilings with lots of natural light, a split bedroom floor plan, a full laundry room, and open concept living and kitchen area along with an open patio and a sizable fenced-in backyard for both units, so take a short walk to the beach, garden in your backyard or stay in and relax in either of these efficient two bedroom two bathroom units. This low-maintenance property is a fantastic way to break into beach life. The roof was replaced in January 2019, the Water Heater in December 2024, and the Washer/Dryer in December 2018 in unit 5519. In unit 5521, the A/C was replaced in July 2017, the Washer/Dryer in June 2021, and the Water Heater in December 2024. Last but not least, the property is hooked up to public water and sewer.
MLS# 767454

Listed By CENTURY 21 Ryan Realty

Property Features

  • Appliances
    Dishwasher, Dryer, Range / Oven, Refrigerator, Washer
  • Exterior Description
    Vinyl Siding
  • Fireplace Description
    Electric
  • Heating - Fuel Type
    Other
  • Roof
    Composition Shingle
  • Style
    Other Style

Map and Directions

Directions to 5519_5521 Beach Drive, Panama City, FL 32408

Home seller Meet the Agent,
Melany Hathcock

Get to know the neighborhood. A local affiliated CENTURY 21 agent will help you set up tours, give advice, and negotiate with sellers.

Melany Hathcock

of CENTURY 21 Ryan Realty

(850) 628-0253
Learn More About Me

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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