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
$1,299,000
- 4 Beds
- 4 Baths
- 2,798 sq. ft.
- Multi-family
- Active
Listed by: chris m shelton
Office: beachy beach real estate
MLS#:785643
Source:FL_BCMLS
Price summary
- Price:$1,299,000
- Price per sq. ft.:$464.26
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 $20,000 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
- Listing ID #:785643
- Added:124 day(s) ago
- Updated:June 28, 2026 at 11:07 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Rooms Total:11
- 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:$1,299,000
- Price per sq. ft.:$464.26
- 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
$580,000Pending2 beds 2 baths1,135 sq. ft.11807 Front Beach Road #1-402, Panama City Beach, FL 32407
MLS# 791972Listed by: LIFES A BEACH REAL ESTATE, LLC- New
$1,390,000Active3 beds 3 baths2,274 sq. ft.6627 Thomas Drive #1601, Panama City Beach, FL 32408
MLS# 791971Listed by: KELLER WILLIAMS SUCCESS REALTY
$1,399,000Active1.01 Acres9534 Highway 79 Street, Panama City Beach, FL 32413
MLS# 778497Listed by: RE/MAX SELECT PARTNERS- New
$349,900Active2 beds 2 baths1,000 sq. ft.6909 N Lagoon Drive #UNIT E2, Panama City Beach, FL 32408
MLS# 1006487Listed by: BEACHY BEACH REAL ESTATE - New
$339,000Active3 beds 3 baths1,459 sq. ft.198 Palmeras Marinas Lane, Panama City Beach, FL 32407
MLS# 791966Listed by: REALTY ONE GROUP EMERALD COAST - New
$210,000Active0.24 Acres1324 E Lakewalk Circle, Panama City Beach, FL 32413
MLS# 791963Listed by: FOUND REAL ESTATE COMPANY - New
$575,000Active4 beds 3 baths1,931 sq. ft.22950 Ann Miller Road, Panama City Beach, FL 32413
MLS# 1006469Listed by: EXP REALTY LLC - New
$210,000Active0.21 Acres1322 E Lakewalk Circle, Panama City Beach, FL 32413
MLS# 791962Listed by: FOUND REAL ESTATE COMPANY - New
$375,000Active3 beds 2 baths1,512 sq. ft.7020 Starfish Court, Panama City Beach, FL 32407
MLS# 791958Listed by: BEACHY BEACH REAL ESTATE - New
$375,000Active3 beds 2 baths1,500 sq. ft.7022 Starfish Court, Panama City Beach, FL 32407
MLS# 791959Listed by: BEACHY BEACH REAL ESTATE