Live the Gulf Life on Florida’s Emerald Coast

5012 Gulf Drive 1-4

Panama City Beach , FL 32408

MLS#: 783708

$1,750,000

Status: Active
Listing number: 783708
Listing provided by: LPT Realty LLC
Listing agent phone: None
Last update: 2 hours ago
On site: 2 months ago
Browse Properties
Gulfside Condo. - Residential

Property

Beds

10

Full Baths

8

1/2 Baths

None

Year Built

1973

Sq.Footage

3,500

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!

Features & Amenities

Interior

  • Total Bedrooms

    10

  • Bathrooms

    8

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Other Exterior Features

    Balcony

  • Parking

    Additional Parking, Paved

  • Patio and Porch Features

    Patio, Covered, Porch

  • Pool

    Yes

  • Pool Features

    Community

  • Waterfront YN

    NO

  • View

    Water

Area & Lot

  • Lot Features

    Paved

  • Lot Size(acres)

    0.13

  • Property Type

    Residential

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $1,750,000

  • Sq. Footage

    3, 500

  • Price/SqFt

    $500

HOA

  • Association

    No

School District

  • Elementary School

    Patronis

  • Middle School

    Surfside

  • High School

    Arnold

Property Features

  • Stories

    2

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Bay

Elementary School

Patronis

Middle School

Surfside

High School

Arnold

Listing Courtesy of Kerry J Jackson , LPT Realty LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Connie Rivera

REALTOR®

Connie Rivera

Call Connie today to schedule a private showing.

(850) 541-5980

Connie@GulfLifeGo.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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!

5012 Gulf Drive 1-4

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

120K PRICE REDUCTION! SEASON BOOKINGS FILLING UP! Gulf-View Investment Property with Multiple Rental Units & Prime Redevelopment Potential Discover a rare investment opportunity on Front Beach Road. This expansive 50' x 235' lot offers breathtaking Gulf views, direct public beach access, and multiple income-producing rental units--ideal for investors, short-term rental operators, or anyone envisioning a future beachfront estate. The property features a beautifully renovated beach cottage with 4 bedrooms and 3 baths, sleeping up to 18 guests--perfect as a high-performing vacation rental or comfortable primary residence. In addition, an updated duplex provides two separate 2-bed/2-bath units, each with covered parking, offering excellent rental flexibility and steady income. Located on the highly desirable and less congested West End of Panama City Beach, this property sits near Kiska Beach, 30A, and Pier Park. This offering includes both buildings, and the lot may be split and sold separately. Don't miss this exceptional opportunity to own a versatile Gulf-view investment with outstanding potential.ILLING UP!
#781805

Panama City Beach

21924 Front Beach Road

8 Beds

7 Baths

4,066 Sq.Ft.

$1,880,000

MLS#: 781805

Indulge in the pinnacle of coastal luxury at Sterling Beach. This expansive 3-bedroom, 3-bath Gulf-front residence offers 2,274 sq. ft. of refined elegance and uninterrupted, panoramic views of the emerald waters and sugar-white sands of Panama City Beach through soaring floor-to-ceiling windows. Designed with sophistication and comfort in mind, the open-concept living and dining areas flow seamlessly, anchored by a chef-inspired kitchen featuring a striking granite island, high-end stainless steel appliances, and custom cabinetry—ideal for entertaining with style. The lavish primary suite is a serene sanctuary, boasting a private balcony with mesmerizing Gulf views and a spa-like ensuite bath with an oversized walk-in shower, dual vanities, and elevated finishes throughout. Generously sized guest suites offer privacy and comfort for family or visitors. Every detail reflects upscale coastal living—tile flooring, crown molding, recessed lighting, and timeless architectural touches. Sterling Beach pampers residents with over 300 feet of pristine Gulf frontage, a 4,000 sq. ft. beachfront pool, seasonally heated spa, state-of-the-art fitness center, private 48-seat theater, and more—all nestled on the tranquil east end of Thomas Drive, just minutes from fine dining, boutique shopping, and the award-winning St. Andrews State Park. This is not just a condo—it's a lifestyle. Own your piece of paradise at one of Panama City Beach's most exclusive addresses.
#771272

Panama City Beach

6627 Thomas Drive 301

3 Beds

3 Baths

2,274 Sq.Ft.

$1,400,000

MLS#: 771272

Amazing location on the Westend of Panama City Beach!! Primary residence, 2nd home or investment property on a double lot with stunning view of the gulf. There is lots of room in this 3 bedroom 3 bathroom home with an additional room that could be a 4th bedroom/office and 3rd floor loft with balcony. With the double lot there is plenty of room to add a pool and outdoor living space. Fully furnished turn key property. Enjoy beautiful sunsets from one of the balconies or from the white sandy beach. The home is between Pier Park and Scenic 30a and just a few miles from the sports complex and Panama City airport. Note: AC 2023, Water Heater 2018 and Roof 2019
#787649

Panama City Beach

125 1st Street

3 Beds

3 Baths

2,072 Sq.Ft.

$1,450,000

MLS#: 787649

Amazing location on the Westend of Panama City Beach!! Primary residence, 2nd home or investment property on a double lot with stunning view of the gulf. There is lots of room in this 3 bedroom 3 bathroom home with an additional room that could be a 4th bedroom/office and 3rd floor loft with balcony. With the double lot there is plenty of room to add a pool and outdoor living space. Fully furnished turn key property. Enjoy beautiful sunsets from one of the balconies or from the white sandy beach. The home is between Pier Park and Scenic 30a and just a few miles from the sports complex and Panama City airport. Note: AC 2023, Water Heater 2018 and Roof 2019
#999372

Panama City Beach

125 1St Street

3 Beds

3 Baths

2,072 Sq.Ft.

$1,450,000

MLS#: 999372

Experience refined coastal luxury in Wild Heron with this exceptional new construction residence, thoughtfully designed with the highest level of craftsmanship and premium finishes throughout.Construction has already begun with a completion date of Fall '26 on this 4-bedroom, 3.5-bath home and will offer approximately 3,132 square feet of beautifully curated living space, showcasing top-of-the-line materials, designer selections, and architectural details that elevate everyday living. The open-concept floor plan is ideal for both entertaining and relaxed coastal living, featuring a gourmet kitchen, spacious living and dining areas, and a private primary suite designed as a true retreat.Every element of this home has been carefully selected to reflect modern elegance and timeless quality, with opportunities for buyers to secure today's pricing and take advantage of exclusive pre-construction incentives. Construction has already begun, allowing early purchasers the unique advantage of locking in value and participating in select design choices. (Terms and selection deadlines apply).Located within the prestigious, gated community of Wild Heron, residents enjoy access to world-class amenities including a lakeside boathouse, fitness center, resort-style pool, walking trails, and the renowned Shark's Tooth Golf Club, all just minutes from the white-sand beaches of 30A and Panama City Beach.Secure your place in one of the area's most sought-after communities and take advantage of this rare pre-construction opportunity before pricing increases. All pictures and video are renderings of what is to be built.
#999304

Panama City Beach

1318 E Lakewalk Circle

4 Beds

3 Baths

3,132 Sq.Ft.

$1,995,000

MLS#: 999304

Gulf views, directly across from the beach AND beach access--5518 Gulf Drive offers the ideal blend of location, space, and flexibility, making it ideal as second home rental investment, with the benefit of no HOA. Situated on a large corner lot on the east end of Panama City Beach, this home is designed with both comfort and functionality in mind. Newer construction and featuring a spacious living and kitchen area that opens to a private pool and a large patio with both covered and uncovered spaces--perfectly blending indoor and outdoor living for easy gathering and entertaining.The thoughtful layout includes two primary suites, along with two additional bedrooms with en suite baths, and 2 sets of full bunks - enhancing it's versatility to host large groups without sacrificing privacy. The private pool makes this a true vacation-style setting, while the front porch and expansive second-floor deck offer additional outdoor living spaces to enjoy Gulf views and coastal breezes. The corner lot provides ample parking--a rare and valuable feature this close to the beach. With short-term rentals allowed, a highly functional floor plan, and a location just moments from the sand, this property presents an exceptional opportunity to own your piece of paradise at the beach!
#999040

Panama City Beach

5518 Gulf Drive

4 Beds

3 Baths

2,414 Sq.Ft.

$1,599,000

MLS#: 999040

LAGOON LIVING now UNDER CONSTRUCTION. Home will have dock and boat slip (refer to site map rendering). The new homesites in the gated Grand Lagoon Pointe will offer waterfront and interior sites. Waterfront homes will include dedicated docks for boating access from Grand Lagoon directly to the Gulf of Mexico. Less than one mile to Rick Seltzer Park. All homes will have access to the community pool and green space. This Lot 6 Dolphin plan will host 3 bedrooms and 3 full bathrooms with a gameroom or additional bedroom. The downstairs master bedroom will have beautiful views of Grand Lagoon as well as water front views in two upstairs bedrooms. Drink your coffee on the covered patio while watching the dolphins play. Constructed to be completed Spring 2026.
#787360

Panama City Beach

7852 Grand Lagoon Way

3 Beds

3 Baths

2,608 Sq.Ft.

$1,650,000

MLS#: 787360

Discover the Grand Spinnaker in the Vista Collection at Latitude Margaritaville Watersound, featuring a thoughtfully designed layout and professionally curated interiors that blend coastal style with everyday comfort. This open-concept floor plan offers a spacious kitchen overlooking the dining and great room, ideal for entertaining or relaxed living. Designer-selected finishes and cohesive interior details create a bright, modern feel throughout the main living areas. The private primary suite serves as a peaceful retreat with a well-appointed ensuite bath and generous walk-in closet. Guest bedrooms and a versatile den provide flexible space for guests, a home office, or hobbies. A covered outdoor living area invites you to enjoy Florida's coastal breezes year-round right off the intercoastal waterway. Located in Latitude Margaritaville Watersound, residents enjoy unparalleled amenities including a vibrant Town Center, resort-style pools, fitness and wellness facilities, pickleball, walking trails, live entertainment, and a full calendar of activities--just minutes from the Emerald Coast's white-sand beaches.
#787358

Panama City Beach

8575 Landshark Boulevard

3 Beds

3 Baths

3,331 Sq.Ft.

$1,842,731

MLS#: 787358

Experience luxury coastal living in this stunning 4-bedroom penthouse at Grand Panama Beach Resort. Unit 1404 offers breathtaking, unobstructed views stretching for miles down the sugar-white sands and emerald waters of the Gulf--truly some of the best views on the beach. Spanning approximately 2,266 square feet, this spacious 4-bedroom, 3-bath residence features an open-concept layout with floor-to-ceiling windows that flood the home with natural light and showcase the incredible views from nearly every room. Enjoy a double balcony setup, with both the living room and primary suite opening directly to the Gulf-front balcony--perfect for morning coffee or sunset evenings. The interior is thoughtfully appointed with granite countertops, all-tile flooring, stainless steel appliances, and a newer HVAC system. This impeccably maintained, non-rental condo has been primarily owner-occupied, offering a level of care and condition that truly stands out. The layout includes a large family room, separate dining area ideal for entertaining, two master bathrooms with jetted tubs, and ample walk-in closet space throughout. Grand Panama offers a true resort-style experience with top-tier amenities including two pools, hot tubs, tiki bars, a fitness center, business center, and a newly opened on-site general store for added convenience. Owners also enjoy easy access between Tower 1 and Tower 2 via the covered walkover. Additional highlights include a 5-level parking garage with one assigned space, ample overflow parking nearby, and additional parking expansions underway. As a homeowner-driven resort, decisions are made with ownership value and experience in mind--making this one of the most desirable communities in Panama City Beach. Whether you're looking for a primary residence or a premium second home, this penthouse delivers the ultimate beachfront lifestyle.
#787314

Panama City Beach

11800 Front Beach Road 1404

4 Beds

3 Baths

2,266 Sq.Ft.

$1,495,000

MLS#: 787314

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service