5928 Beach Drive, Panama City Beach, FL 32408
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  • MLS#: 756259 ( Residential )
  • Street Address: 5928 Beach Drive
  • Viewed: 87
  • Price: $635,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1997
  • Bldg sqft: 0
  • Bedrooms: 5
  • Total Baths: 3
  • Full Baths: 3
  • Days On Market: 344
  • Additional Information
  • Geolocation: 30.1493 / -85.7611
  • County: BAY
  • City: Panama City Beach
  • Zipcode: 32408
  • Subdivision: Biltmore Beach 1st Add
  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold
  • Provided by: Beachy Beach Real Estate
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  • Description
    Proven Income Generating Gem: Investor's Dream in Panama City Beach! Turnkey High Earning Vacation Rental Prime Opportunity! Seller is generously offering concessions towards furniture or decor upgrades!This 5 bedroom, 3 bathroom, single story home is a proven cash flow powerhouse! With a 2023 gross rental income of $93,000 and 2024 on track for similar success, this property outperforms projections year after year. Fully turnkey, it conveys all updated furnishings, decor (refreshed in 2023), and smart home features, including digital thermostats and exterior cameras. Whether you're a seasoned investor or a first time buyer, this property is set up for seamless management and maximum occupancy, comfortably accommodating up to 12 guests.Exceptional Features Designed for High DemandGuest Friendly Layout: Single story home with zero stairs, tile flooring throughout, vaulted ceilings, and stainless steel appliances.Entertainment Spaces: Two enclosed porches, multiple dining areas, and a private backyard with a fire pit, BBQ grill, and plenty of room for outdoor fun.Enhanced Amenities: Pet friendly backyard, outdoor shower, a spacious laundry/utility room with a second refrigerator, and ample parking for guests.Group Friendly Design: Two King en suites (one with patio access), two Queen bedrooms, and a double bunk bedroom ensure privacy and comfort for families or group bookings.Prime Location for Year Round BookingsKnown as ''Pelican Paradise'' on Airbnb, this rental boasts 65 reviews with a 4.62 star average rating. Located just blocks from a public boat ramp, it's perfect for water enthusiasts bringing boats or jet skis. Public beach access is nearby, with Rick Seltzer Beach Park and St. Andrews State Park just a mile away. Local dining, entertainment, and golf are within a two mile radius, making this property an in demand destination for vacationers.This is your chance to own a high performing, low maintenance investment property in the heart of Panama City Beach's vacation rental market. Don't wait contact your real estate agent today to schedule a showing or request more details!Note: Buyer to verify all measurements and any information deemed important.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: OutdoorShower, Porch, Patio
  • Fencing: Fenced, Privacy
  • Living Area: 1963.00
  • Roof: Metal
Property Information
  • Property Condition: UpdatedRemodeled
School Information
  • High School: Arnold
  • Middle School: Surfside
  • School Elementary: Patronis
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Driveway, Open, Paved
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, CeilingFans
  • Heating: Central
  • Road Frontage Type: CountyRoad
  • Sewer: SepticTank
  • Utilities: SepticAvailable, WaterConnected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2023
  • Trash Expense: 0.00
Other Features
  • Appliances: DoubleOven, Dryer, Dishwasher, ElectricCooktop, ElectricOven, ElectricWaterHeater, Freezer, Microwave, RangeHood, Washer
  • Furnished: Furnished
  • Interior Features: BreakfastBar, HighCeilings, NewPaint, Pantry, Remodeled, RecessedLighting, VaultedCeilings
  • Legal Description: BILTMORE BEACH 1ST ADD LOT 23 BLK K ORB 4642 P 1683
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Tenant
  • Parcel Number: 32122-000-000
  • Style: Traditional
  • The Range: 0.00
  • Views: 87