209 Oleander Drive, Panama City Beach, FL 32413
Local realty services provided by:ERA Neubauer Real Estate, Inc.
209 Oleander Drive,Panama City Beach, FL 32413
$1,225,000
- 4 Beds
- 4 Baths
- 2,798 sq. ft.
- Multi-family
- Pending
Listed by: chris m shelton
Office: beachy beach real estate
MLS#:785643
Source:FL_BCMLS
Price summary
- Price:$1,225,000
- Price per sq. ft.:$437.81
About this home
OPPORTUNITY ABOUNDS ON THIS LAGUNA BEACH PROPERTY!
Welcome to 209 Oleander Drive, ideally located in the heart of Panama City Beach on a spacious L-shaped lot, just steps from the sugar-white sands and emerald waters of the Gulf (less than 600 steps to the beach!). This versatile property is perfect as a primary residence, second home, or income producing Long or short-term rental with two separate living spaces.
The main house, currently owner-occupied and remodeled in 2017, features bright living spaces and a functional, open flow that is welcoming for both owners and guests. Step outside to enjoy a private outdoor area perfect for relaxing after a day at the beach or entertaining visitors.
A standout feature is the 30x30 insulated workshop, offering endless possibilities. With plumbing already in place, it could easily be converted into an additional rental unit, used for a home business, or serve as storage for vehicles or a collection.
The property also includes a carriage house (ADU) built in 2023, complete with a two-car garage. Over the past two years, this unit has generated $30,000 annually in short-term rental income, making it an excellent opportunity for buyers seeking immediate investment potential. The two-car garage with separate entrance also offers the option to be converted into additional rental space.
Both homes include a full appliance package, tankless water heaters, walk-in showers, and smoke detectors. The property is connected to city water and sewer (no septic), with one shared water/sewer bill and two separate electric meters. Refer to upgrade list in document section.
Whether you're looking for a personal beach retreat, a long term or short term income-producing property, or a combination of both, this unique opportunity offers flexibility, expansion potential, ample storage, and an unbeatable location.
Schedule your showing today and discover the possibilities of beach living and investment in Panama City Beach!...
Contact an agent
Home facts
- Year built:1964
- Subdivision & Development:Laguna Beach Estates 7th Add
- Listing ID #:785643
- Added:221 day(s) ago
- Updated:October 03, 2026 at 08:27 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Rooms Total:13
- Dining Description:SmartThermostat
- Bathrooms Description:SmartThermostat
- Kitchen Description:Electric Cook Top, Electric Oven, Electric Range, Tankless Water Heater, Water Softner Owned
- Bedroom Description:SmartThermostat
- Living area:2,798 sq. ft.
Heating and cooling
- Cooling:CentralAir, Ductless
- Heating:Central, Heat Pump
- Central air:Yes
Structure and exterior
- Roof:Metal
- Year built:1964
- Building area:2,798 sq. ft.
- Construction Materials:Block
- Exterior Features:Balcony, Outdoor Shower, Patio, Porch
- Foundation Description:Slab
Schools
- High school:Arnold
- Middle school:Surfside
- Elementary school:West Bay
Utilities
- Sewer:Sewer Available
Finances and disclosures
- Price:$1,225,000
- Price per sq. ft.:$437.81
- Tax amount:$4,972 (2025)
Features and amenities
- Laundry features:Washer Dryer Stacked
- Amenities:ElectricCooktop, ElectricOven, ElectricRange, SecuredGarageParking, SecuritySystem, SmartThermostat, SmokeDetectors, TanklessWaterHeater, WasherDryerStacked, WaterSoftenerOwned
Parking
- Parking description:Additional Parking, Paved
- Garage:Yes
- Garage spaces:3
New listings near 209 Oleander Drive
- Coming Soon
$299,000Coming Soon0.15 Acres331 Palm Drive, Panama City Beach, FL 32413
MLS# 795316Listed by: KELLER WILLIAMS REALTY EMERALD - New
Listed by ERA$549,000Active2 beds 2 baths1,793 sq. ft.9281 Cool Breeze Drive, Panama City Beach, FL 32413
MLS# 1013257Listed by: ERA NEUBAUER COMMERCIAL - New
$1,695,000Active3 beds 3 baths2,098 sq. ft.22504 Front Beach Road, Panama City Beach, FL 32413
MLS# 1013259Listed by: SCENIC SOTHEBY'S INTERNATIONAL REALTY - New
$199,000Active-- beds 1 baths630 sq. ft.520 N Richard Jackson Boulevard #UNIT 112, Panama City Beach, FL 32407
MLS# 1013256Listed by: RC REAL ESTATE GROUP - New
$339,000Active1 beds 1 baths792 sq. ft.14701 Front Beach Road #UNIT 1226, Panama City Beach, FL 32413
MLS# 1013231Listed by: WATERSOUND REAL ESTATE - New
$769,000Active3 beds 3 baths2,253 sq. ft.8419 Hang Loose Court, Panama City Beach, FL 32413
MLS# 796202Listed by: COLDWELL BANKER REALTY - New
$339,000Active3 beds 3 baths1,459 sq. ft.219 Palmeras Marinas Lane, Panama City Beach, FL 32407
MLS# 1012830Listed by: BERKSHIRE HATHAWAY HOMESERVICES - New
$329,900Active1 beds 2 baths936 sq. ft.9900 S Thomas Drive #2126, Panama City Beach, FL 32408
MLS# 796189Listed by: COLDWELL BANKER REALTY - New
$779,000Active2 beds 3 baths2,336 sq. ft.9431 Paradise Drive, Panama City Beach, FL 32413
MLS# 796199Listed by: BOB HODGES AND SONS REALTY - New
$209,900Active-- beds 1 baths410 sq. ft.101 Cain Road #UNIT H, Panama City Beach, FL 32413
MLS# 1013165Listed by: OWN IT REAL ESTATE LLC