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5012 Gulf Drive 1, Panama City, FL 32408
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Priced at Only: $499,900
For more Information Call:
Address: 5012 Gulf Drive 1, Panama City, FL 32408
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More Like This
  • MLS#: 783286 ( Residential )
  • Street Address: 5012 Gulf Drive 1
  • Viewed: 5
  • Price: $499,900
  • Price sqft: $571
  • Waterfront: Yes
  • Wateraccess: Yes
  • Year Built: 1973
  • Bldg sqft: 875
  • Bedrooms: 3
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 4
  • Additional Information
  • Geolocation: 30.1406 / -85.7533
  • County: BAY
  • City: Panama City
  • Zipcode: 32408
  • Subdivision: Gulfside Condo.
  • Building: Gulfside Condo.
  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold
  • Provided by: LPT Realty LLC
  • DMCA Notice
  • Description
    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 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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Patio
  • Flooring: LuxuryVinylPlank
  • Living Area: 0.00
Land Information
  • Lot Features: Paved
School Information
  • High School: Arnold
  • Middle School: Surfside
  • School Elementary: Patronis
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: AdditionalParking, Paved
Eco-Communities
  • Pool Features: Community
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir
  • Heating: Central, Electric
  • Sewer: PublicSewer
  • Utilities: ElectricityAvailable
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2024
  • Trash Expense: 0.00
Other Features
  • Appliances: WasherDryerStacked, ElectricRange
  • Legal Description: GULFSIDE CONDO APT 1 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841
  • Levels: Two
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Tenant
  • Parcel Number: 32256-010-000
  • Style: LowRise
  • The Range: 0.00
  • View: Gulf
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Nearby Subdivisions
[no Recorded Subdiv]   Bay Point Grand Residences   Bay Point Harbour Villas   Bay Point Studio Villas Unit 2   Bay Point Studio Villas Unit 3   Boardwalk Central   Bonita Point   Dockside North   Dunes Of Panama Phase V   Emerald Park Condominium   Grand Lagoon Cove Condominium   Grande Surf Club Condo   Greenwood Estates 5   Greenwood Estates 8   Gulf Crest Condo   Gulfgate Condo   Gulfside Condo.   Hidden Dunes Condo   Lagoon Towers Phase I   Laketown Wharf   Laketown Wharf Phase Ii   Largo Mar Condo   Magnolia Bay Club   Marina Club Village   Mariner West Condo   Moondrifter   Moonspinner Apartments   Nautical Watch Ii   No Named Subdivision   Ocean Terr. Condo.   Palisades Condo Ph 1   Plazas Of St.thomas I   Reflections   Regency Towers   Sand Castles Villa   Seychelles Resort Condominium   Shade Tree Condo Ph Ii   Shores Of Panama   Shores Of Panama I   Shores Of Panama Phase I   Shores Of Panama Phase Ii   Sugar Beach Condo   Summerhouse Condo.   Summerhouse Of P.c. 2   Summerhouse Of P.c. 3   Summerwinds Condo   Summit   Sunbird Condo   Sunswept 3   Sunswept 4   The Commodore   The Summit   Top Of The Gulf Condo.   Treasure Cove Condo.   Treasure Island Resort   Venture Out Travel Trail   Villas Of St. Thomas 1   Villas Of St. Thomas 2   Villas Of St. Thomas 3   Villas Of St. Thomas 4   Watercrest Condo   Waterhaven  
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Headshot for Associate Jarrod Cruz
  1. Jarrod Cruz, ABR,AHWD,BrkrAssc,GRI,MRP,REALTOR ®
  2. Tropic Shores Realty
  3. Unlock Your Dreams
  4. Mobile: 813.965.2879
  5. Mobile: 727.514.7970
  6. jarrod.cruz@gmail.com