21916 Belgrade Avenue, Panama City Beach, FL 32413
Local realty services provided by:ERA Neubauer Real Estate, Inc.
21916 Belgrade Avenue,Panama City Beach, FL 32413
$889,000
- 4 Beds
 - 4 Baths
 - 2,008 sq. ft.
 - Single family
 - Active
 
Listed by:brittany m roby
Office:christies international real estate emerald coast
MLS#:988846
Source:FL_ECAR
Price summary
- Price:$889,000
 - Price per sq. ft.:$442.73
 
About this home
Situated on the highly desirable West End of Panama City Beach, just one block from the stunning Gulf of Mexico, this multi-family property offers incredible potential for seasoned investors or those looking to enter the booming vacation rental market. With convenient access to multiple public beach access points within a few blocks, this property combines location, flexibility, and growth potential like no other.  
The property at 21916 Belgrade Ave features two main buildings plus a bonus structure, presenting multiple income streams. Building one is a spacious, fully upgraded two-bedroom, two-bath condo with an additional bunk nook — ideal for maximizing rental capacity. The modern kitchen with granite counters and stainless steel appliances appeals to guests seeking comfort and style, while the primary suite with en-suite bath and elegant furniture package provides a premium rental experience. The second bedroom, filled with natural light, comfortably hosts two queen beds, making it a favorite among vacationers.  
Building two offers a duplex layout with mirrored one-bedroom, one-bath units, each with a small kitchen  perfect for short-term rentals or long-term tenants. Both sides are unfurnished, offering flexibility for customization and maximization of rental income. The back bonus building functions as a dedicated studio unit currently leased long-term, and could also serve as a laundry or management hub, adding more value and convenience.  
Located in Panama City Beach's fastest-growing area, this property benefits from low density, quiet beaches, and Old Florida charm combined with rising popularity. The West End's proximity to top beaches, local restaurants, grocery options, and entertainment venues make it a prime spot for vacation rentals, providing excellent appreciation potential!   
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Home facts
- Year built:1960
 - Listing ID #:988846
 - Added:1 day(s) ago
 - Updated:November 03, 2025 at 06:40 PM
 
Rooms and interior
- Bedrooms:4
 - Total bathrooms:4
 - Full bathrooms:4
 - Living area:2,008 sq. ft.
 
Structure and exterior
- Year built:1960
 - Building area:2,008 sq. ft.
 
Schools
- High school:Arnold
 - Middle school:Surfside
 - Elementary school:West Bay
 
Utilities
- Water:Public Water
 
Finances and disclosures
- Price:$889,000
 - Price per sq. ft.:$442.73
 
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