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5928 Beach Drive, Panama City, FL 32408

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For Sale

$685,000

5 beds • 3 baths • 1,963 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • $348.96
    Price per square foot

  • 21-30 Years Old
    Age

Explore this Property

Investor's Dream in Panama City Beach! High-Earning Vacation Rental with Strong History and Exceptional Features!This property is a proven income generator, with rental data showing consistently impressive returns--outperforming projections year after year! With a 2023 gross rental income of $93,000, and 2024 looking to finish just as strong, this 5-bedroom, 3-bathroom, single-story home is set up for maximum occupancy and comfort, accommodating up to 12 guests. It's fully turnkey, conveying all furniture and decor (updated in 2023) along with smart technology like digital thermostats and exterior floodlight cameras. Perfectly poised for the vacation rental market, the property offers coastal furnishings, spacious layouts, and valuable features that will continue to attract and retain renters. This property has been designed with durability and style in mind!Prime Features for High Occupancy Rates:Zero stairs making easy access for guests of all ages, tile flooring throughout, stainless steel appliances, and vaulted ceilings. Multiple Gathering Areas: Two enclosed porches, multiple dining spaces, and a private backyard with ample room for entertainingGuest-Focused Amenities: Laundry/utility room with an additional refrigerator, outdoor shower, pet-friendly backyard with grassy space, and a paver patio complete with a fire-pit and BBQ grillPrivacy for Groups: Spacious primary King ensuite with back patio access, secondary King ensuite, two Queen bedrooms, and a double bunk bedroom--ideal for large families or group bookings.Prime Location & Strong Reviews! This Airbnb rental, known as ''Pelican Paradise,'' boasts 62 reviews with a 4.63 average rating. Just blocks from a public boat ramp, renters can bring their boat or jet ski, adding appeal for guests seeking water-based adventures. Public beach access is nearby, with Rick Seltzer Beach Park and St Andrews State Park each only a mile away. Local dining, entertainment, and golf are within a two-mile radius, making this a highly desirable rental location in Panama City Beach.Additional Incentives: The motivated seller is offering $800 toward a home warranty at closing. Don't miss the chance to acquire this high-earning, low-maintenance investment property. Contact your real estate agent today to learn more or schedule a showing.Note: Buyer to verify all measurements and any information deemed important.
MLS# 756259

Courtesy Of Beachy Beach Real Estate

(850) 527-5651

Property Features

  • Age
    21-30 Years Old
  • Amenities
    Dock, Porch, Patio, Vaulted Ceiling, Ceiling Fan
  • Appliances
    Cooktop, Dishwasher, Dryer, Freezer, Microwave, Oven, Range, Washer
  • Architecture Style
    New Traditional
  • Cooling System
    Ceiling Fan(s)
  • Exterior Type
    Vinyl Siding
  • Heating System
    Central Furnace
  • Lot Size
    0.14 Acres
  • Roof Type
    Metal
  • Rooms
    Dining Room, Kitchen, Living Room

Map and Directions

Directions to 5928 Beach Drive, Panama City, FL 32408

Home seller CENTURY 21 AllPoints Realty

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

CENTURY 21 AllPoints Realty

(850) 837-7800
Learn More About Us

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Copyright © 2024 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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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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