New Property Video & 3D Home Tour! Rare opportunity to own a second-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 several restaurants, including Schooners. Enjoy water views and added privacy from the upper level. Simply step outside and you're less than 60 feet from the beach, making this unit highly desirable for both short-term rentals and personal use. The unit features updated LVP flooring with upgraded rubber backing, a functional layout, and durable, low-maintenance finishes. 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 rare opportunity for investors to acquire multiple units in the same small complex directly across from beach access - an opportunity that seldom comes available in this area at this price point. Ideal for investors looking to scale a beach rental portfolio in one location.
Property Features
Other Rooms
- Total Rooms: 7
- Dimensions: 6' x 11'
- Level: First
- Living Room Dimensions: 14.5' x 11.5'
- Living Room Level: First
Appliances
- WasherDryerStacked
- ElectricRange
- ElectricWaterHeater
- Laundry Features: Stacked
Bedrooms
- Bedrooms: 3
- Primary Bedroom Dimensions: 11' x 10.5'
- Bedroom 1 Dimensions: 13' x 11'
- Bedroom 2 Dimensions: 8' x 9'
- Bedroom 3 Dimensions: 12' x 12'
- Bedroom 4 Dimensions: 12' x 12'
- Bedroom 5 Dimensions: 12' x 12'
- Bedroom 6 Dimensions: 12' x 12'
- Bedroom 7 Dimensions: 12' x 12'
- Bedroom 8 Dimensions: 12' x 12'
- Bedroom 9 Dimensions: 12' x 12'
- Primary Bedroom Level: First
- Bedroom 1 Level: First
- Bedroom 2 Level: First
- Bedroom 3 Level: First
- Bedroom 4 Level: First
- Bedroom 5 Level: First
- Bedroom 6 Level: First
- Bedroom 7 Level: First
- Bedroom 8 Level: First
- Bedroom 9 Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Primary Bathroom Dimensions: 6' x 5.5'
- Bathroom 1 Dimensions: 8.5' x 6.5'
- Primary Bathroom Level: First
- Bathroom 1 Level: First
Heating and Cooling
- Cooling Features: CentralAir
- Heating Features: Central, Electric
- Heating: Yes
Interior Features
- Flooring: LuxuryVinylPlank
Kitchen and Dining
- Kitchen Dimensions: 14' x 11.5'
- Kitchen Level: First
Exterior and Lot Features
- Patio
- Patio And Porch Features: Balcony, Covered, Patio, Porch
- Patio: Yes
- Porch: Yes
Pool and Spa
Manufactured and Mobile Info
Land Info
- Lot Description: Paved
- Lot Size Dimensions: 0x0
Garage and Parking
- Parking Features: AdditionalParking, Paved
Home Features
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
School Information
- Elementary School: Patronis
- High School: Arnold
- Middle School: Surfside
Rental Info
- Units Furnished: AllUnits
Amenities and Community Features
- Community Features: Pool, CommunityPool, ShortTermRentalAllowed
Other Property Info
- Annual Tax Amount: 738
- Source Listing Status: Active
- County: Bay
- Directions: From the Navy Base area on Thomas Drive (also called Navy Blvd), continue south toward the beach. Stay on Thomas Drive until Huff Street near Schooners. Turn left on Huff Street, then right on Gulf Drive. 5012 Gulf Drive is a short distance ahead on the left, across from the beach.
- Tax Year: 2024
- Restrictions: ShortTermRentalsAllowed
- Source Property Type: Residential
- Area: 03 - Bay County - Beach
- Property Subtype: condo
- MLS Area Minor: 0323 - Beach - South of Grand Lagoon
- Source Neighborhood: Gulfside Condo.
- Parcel Number: 32256-030-000
- Postal City: Panama City Beach
- State Region: FL
- Subdivision: Gulfside Condo.
- Property Subtype: Condominium
Building and Construction
- Year Built: 1973
- Building Area Total: 935
- Levels: Two
- Living Area Source: Owner
- Property Age: 53
- Levels or Stories: 2
- Building Total Stories: 2
- Architectural Style: LowRise
Utilities
- Sewer: PublicSewer
- ElectricityAvailable
