5012 Gulf Drive #1-4, Panama City Beach, FL 32408
Local realty services provided by:ERA Neubauer Real Estate, Inc.
5012 Gulf Drive #1-4,Panama City Beach, FL 32408
$1,750,000
- 10 Beds
- 8 Baths
- 3,500 sq. ft.
- Multi-family
- Active
Listed by: kerry j jackson
Office: lpt realty llc.
MLS#:783708
Source:FL_BCMLS
Price summary
- Price:$1,750,000
- Price per sq. ft.:$500
About this home
60 FEET FROM BEACH ACCESS | RARE QUAD-PLEX PACKAGE WITH HUGE VACATION RENTAL INCOME POTENTIAL! Located approximately 60 feet from a wide paved public beach access, this extremely rare four unit beachside complex offers a unique opportunity to own a 2 story entire ground level quadplex at the end of a quiet cul de sac with no thru traffic. The direct proximity to beach access combined with the low density setting creates strong and consistent short term rental demand in Panama City Beach.
The property consists of four ground floor units totaling approximately 3,500 square feet with 10 bedrooms and 8 bathrooms across the complex and is situated on approximately 0.13 acres. Unit 1 and Unit 3 are each 3 bedroom 2 bath units of approximately 935 square feet, while Unit 2 and Unit 4 are each 2 bedroom 2 bath units of approximately 815 square feet. The property includes a shared community pool.
There is no HOA and short term rentals are allowed. The entire complex is being offered fully furnished and turnkey, allowing a new owner to begin generating rental income immediately upon closing while capturing peak revenue as the Panama City Beach spring and summer seasons approach.
The units offer functional layouts, durable finishes, and ground floor access that renters consistently prefer. Major building improvements have already been completed including solid all brick construction with dual layers of elastomeric stucco and paint, a 2024 standing seam metal roof w new truss system and hurricane clips, updated windows and doors, HVAC and water heaters replaced .
Ownership of the entire complex provides FULL control of the building and common areas, allowing a buyer to establish access, usage, and management standards that align with their investment strategy. The seller has prepared rental projections estimating gross annual income potential in the range of approximately $200,000 to $225,000 when operated as short term rentals, and rental projections are estimates and not guaranteed. Previous numbers are available under a contingency.
Quadplexes offering direct beach access, no HOA restrictions, rental flexibility, and scale potential rarely come available as a single acquisition in this location. Assets with this level of location, scale, and rental flexibility do not stay available long. Call your favorite agent today to schedule a showing and learn more about this STR quadplex opportunity in Panama City Beach, FL!...
Contact an agent
Home facts
- Year built:1973
- Listing ID #:783708
- Added:1 day(s) ago
- Updated:April 02, 2026 at 02:39 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:8
- Full bathrooms:8
- Rooms Total:19
- Kitchen Description:Electric Range, Electric Water Heater
- Living area:3,500 sq. ft.
Heating and cooling
- Cooling:CentralAir
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Metal
- Year built:1973
- Building area:3,500 sq. ft.
- Lot area:0.13 Acres
- Construction Materials:Stucco
- Exterior Features:Balcony, Patio, Porch
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Arnold
- Middle school:Surfside
- Elementary school:Patronis
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,750,000
- Price per sq. ft.:$500
Features and amenities
- Laundry features:Washer Dryer Stacked
- Amenities:ElectricRange, ElectricWaterHeater, WasherDryerStacked
- Pool features:Community
Parking
- Parking description:Additional Parking, Paved
New listings near 5012 Gulf Drive #1-4
- New
$215,000Active0.81 Acres6400 E Sundew Marsh Trail, Panama City Beach, FL 32413
MLS# 787770Listed by: WATERSOUND REAL ESTATE - New
$282,500Active3 beds 2 baths960 sq. ft.307 Carol Place, Panama City Beach, FL 32413
MLS# 787767Listed by: SEASHORE REALTY LLC - New
$509,900Active2 beds 2 baths1,332 sq. ft.1102 Prospect Promenade #202, Panama City Beach, FL 32413
MLS# 999544Listed by: THE PREMIER PROPERTY GROUP SEACREST OFFICE - New
$699,900Active3 beds 2 baths1,431 sq. ft.22611 Hilltop Avenue, Panama City Beach, FL 32413
MLS# 787740Listed by: COUNTS REAL ESTATE GROUP INC - New
$325,000Active1 beds 2 baths740 sq. ft.8743 Thomas Drive #1412, Panama City Beach, FL 32408
MLS# 787742Listed by: SWEETBAY REALTY - New
$589,000Active2 beds 2 baths1,290 sq. ft.211 El Prado Place, Panama City Beach, FL 32413
MLS# 787746Listed by: BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA - New
$320,000Active3 beds 3 baths1,496 sq. ft.308 Sand Oak Boulevard, Panama City Beach, FL 32413
MLS# 787747Listed by: ANCHOR REALTY FLORIDA - New
$549,000Active3 beds 4 baths1,892 sq. ft.2626 Allison Avenue #B, Panama City Beach, FL 32408
MLS# 787752Listed by: AMERICAN REALTY OF BAY CO, INC - New
$169,000Active2 beds 2 baths1,200 sq. ft.112 Fairway Boulevard #UNIT 310, Panama City Beach, FL 32407
MLS# 999498Listed by: THINK REAL ESTATE