5012 Gulf Drive #1, Panama City, FL 32408

Local realty services provided by:ERA Neubauer Real Estate, Inc.
5012 Gulf Drive #1,Panama City, FL 32408
$499,900
  • 3 Beds
  • 2 Baths
  • 875 sq. ft.
  • Condominium
  • Active
Listed by: kerry j jackson
Office: lpt realty llc.
MLS#:783286
Source:FL_BCMLS

Price summary

  • Price:$499,900
  • Price per sq. ft.:$571.31

About this home

OPEN HOUSE SAT & SUN JAN 10 &11 1-4PM 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

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Home facts

  • Year built:1973
  • Listing ID #:783286
  • Added:2 day(s) ago
  • Updated:January 09, 2026 at 12:26 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:875 sq. ft.

Heating and cooling

  • Cooling:CentralAir
  • Heating:Central, Electric

Structure and exterior

  • Year built:1973
  • Building area:875 sq. ft.

Schools

  • High school:Arnold
  • Elementary school:Patronis

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$499,900
  • Price per sq. ft.:$571.31
  • Tax amount:$738 (2024)
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