5012 Gulf Drive #1, Panama City Beach, FL 32408
Local realty services provided by:ERA Neubauer Real Estate, Inc.
Listed by: kerry j jackson
Office: lpt realty llc.
MLS#:783286
Source:FL_BCMLS
Price summary
- Price:$499,900
- Price per sq. ft.:$534.65
About this home
NOW BACK ON MARKET AT NO FAULT TO THE SELLER - New Property Video & 3D Home Tour! Rare opportunity to own a ground-floor 3 bedroom, 2 bath beachside condo at the end of a cul-de-sac with no thru traffic, located directly across from an extra-wide, paved public beach access and within walking distance to a few restaurants including Schooners. Simply walk out your front door and you're less than 60 feet from the beach, making this unit extremely attractive for short-term rentals and personal use alike. The unit features updated LVP flooring with upgraded rubber backing, a functional layout, and durable finishes designed for low-maintenance ownership.
The building has seen major improvements including all-brick construction with dual layers of elastomeric stucco and paint, a 2024 standing-seam metal roof, updated windows and doors, and water heaters replaced in 2021. Owners enjoy a shared pool, no HOA, short-term rentals allowed, and two assigned parking spaces per unit.
The owner currently has Units #1, #3, and #4 available, offering a unique chance for investors to acquire multiple units in the same small complex directly across from beach access. This is an opportunity that rarely comes available in this area at this price point. Ideal for investors looking to scale a beach rental portfolio in one location....
Contact an agent
Home facts
- Year built:1973
- Listing ID #:783286
- Added:112 day(s) ago
- Updated:May 05, 2026 at 02:25 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:7
- Kitchen Description:Electric Range, Electric Water Heater
- Living area:935 sq. ft.
Heating and cooling
- Cooling:CentralAir
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Metal
- Year built:1973
- Building area:935 sq. ft.
- Architectural Style:Low Rise
- 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:$499,900
- Price per sq. ft.:$534.65
- Tax amount:$738 (2024)
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
- New
$229,900Active1 beds 1 baths582 sq. ft.17462 Front Beach Road #12C2, Panama City Beach, FL 32413
MLS# 789551Listed by: LISTWITHFREEDOM.COM INC. - New
$224,900Active2 beds 2 baths1,122 sq. ft.6508 N Lagoon Drive, Panama City Beach, FL 32408
MLS# 1002541Listed by: BERMUDA SHORTS REAL ESTATE SERVICES INC - New
$575,000Active2 beds 2 baths1,366 sq. ft.11619 Front Beach Road #UNIT 1107, Panama City Beach, FL 32407
MLS# 1002542Listed by: COUNTS REAL ESTATE GROUP INC - New
$654,900Active3 beds 2 baths2,201 sq. ft.233 Palatka Drive, Panama City Beach, FL 32413
MLS# 1002530Listed by: MALTBIE REALTY GROUP - New
$425,000Active3 beds 2 baths2,262 sq. ft.304 Alanna Circle, Panama City Beach, FL 32408
MLS# 789542Listed by: ANCHOR REALTY FLORIDA - New
$1,250,000Active1.01 Acres22000 Panama City Beach Parkway, Panama City Beach, FL 32413
MLS# 1002516Listed by: NBI PROPERTIES INC - New
$399,000Active1 beds 2 baths825 sq. ft.10519 Front Beach Road #2003C, Panama City Beach, FL 32407
MLS# 789530Listed by: MILLER & ASSOCIATES REALTY - New
$499,900Active4 beds 4 baths2,160 sq. ft.821 Breakfast Point Boulevard, Panama City Beach, FL 32407
MLS# 789537Listed by: SOLIS REAL ESTATE OF FLORIDA - New
$509,900Active5 beds 4 baths2,383 sq. ft.853 Breakfast Point Boulevard, Panama City Beach, FL 32407
MLS# 789538Listed by: SOLIS REAL ESTATE OF FLORIDA
$502,416Pending4 beds 3 baths2,359 sq. ft.1057 Crystal Bayou Boulevard, Panama City Beach, FL 32407
MLS# 789520Listed by: HMS REAL ESTATE