Seller's Agent in 2024
Patricia Wheeler
Salty Marlin Realty LLC
(850) 527-2275
1 in this area
28 Total Sales
5116 Beach Dr Panama City, FL 32408
4
Beds
4
Baths
2,548
Sq Ft
1981
Built
Highlights
- Sun or Florida Room
- No HOA
- Living Room
- Patronis Elementary School Rated A-
About This Home
As of April 2024Welcome to 5116 Beach Drive, a fantastic investment opportunity in the heart of Panama City Beach, FL! This charming two-story 4/4 duplex is perfect for savvy investors looking to maximize rental income or enjoy a flexible living arrangement. ***Golf Cart will convey with purchase! Investment Potential: This versatile property allows you to live in one side while renting out the other, creating an ideal income-generating scenario. Alternatively, capitalize on exceptional rental income by leasing both units. Each unit is a 2/2, and both have large sunrooms for additional sleeping arrangements. The potential is limitless, offering a smart investment strategy for those seeking to make the most of their real estate portfolio. Location: Situated just a short walk from the breathtaking beaches of Panama City Beach, this duplex is in a prime location on the East end. Immerse yourself in the coastal lifestyle, with sand and surf just moments away. Additionally, you'll find an array of restaurants and attractions in close proximity, ensuring convenience and entertainment at your doorstep. Accommodations: This property has the capacity to accomodate a large family. The downstairs unit comfortably sleeps 9 people, while the upstairs unit can be furnished to sleep the same amount, possibly more depending on how to furnish it out. Whether you're seeking a vacation home or an income-generating property, the flexibility of this duplex caters to various needs. Outdoor Amenities: Enjoy the Florida sunshine in the spacious yard, providing plenty of room for a pool or outdoor gatherings. The two driveways offer ample parking space and are ideal for those with boats or RVs, adding an extra layer of convenience and versatility to this great property. Don't miss out on the opportunity to own a piece of paradise with this two-story duplex at 5116 Beach Drive. Embrace the potential for exceptional rental income, prime location, and the convenience of walking distance to the beautiful beaches. Act now and turn this property into your next successful investment!
Last Agent to Sell the Property
Salty Marlin Realty LLC License #0705623 Listed on: 01/25/2024
Last Buyer's Agent
Non Member
NON-MEMBER OFFICE
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,274
Year Built
- Built in 1981
Home Design
- Duplex
Interior Spaces
- Living Room
- Sun or Florida Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Lot Details
- Lot Dimensions are 75x115
Schools
- Patronis Elementary School
- Surfside Middle School
- Arnold High School
Community Details
- No Home Owners Association
- Treasure Island Subdivision
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Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/11/2024 04/11/24 | Sold | $520,000 | -13.2% | $204 / Sq Ft | |
| 03/10/2024 03/10/24 | Pending | -- | -- | -- | |
| 01/25/2024 01/25/24 | For Sale | $599,000 | +23.5% | $235 / Sq Ft | |
| 06/20/2022 06/20/22 | Off Market | $485,000 | -- | -- | |
| 10/01/2021 10/01/21 | Sold | $485,000 | -2.8% | $190 / Sq Ft | View Prior Sale |
| 07/29/2021 07/29/21 | For Sale | $499,000 | -- | $196 / Sq Ft |
Source: Central Panhandle Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,882 | $484,532 | $262,482 | $222,050 |
| 2024 | $6,274 | $475,402 | $251,860 | $223,542 |
| 2023 | $6,274 | $476,386 | $232,800 | $294,317 |
| 2022 | $5,049 | $433,078 | $160,050 | $273,028 |
| 2021 | $2,436 | $195,557 | $0 | $0 |
| 2020 | $2,203 | $177,779 | $92,683 | $85,096 |
| 2019 | $1,479 | $113,545 | $76,533 | $37,012 |
| 2018 | $2,024 | $155,276 | $0 | $0 |
| 2017 | $2,019 | $153,884 | $0 | $0 |
| 2016 | $2,082 | $155,982 | $0 | $0 |
| 2015 | $2,186 | $159,608 | $0 | $0 |
| 2014 | $2,219 | $162,296 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Patricia Wheeler
-
N
Buyer's Agent in 2024
Non Member
NON-MEMBER OFFICE
-
Tricia Mcgrath
T
Seller's Agent in 2021
Tricia Mcgrath
Sugar Shore Properties
(850) 774-0400
1 in this area
30 Total Sales
-
J
Buyer's Agent in 2021
Jessica Forrester
Emerald Coast Beach Homes LLC
Map
Source: Central Panhandle Association of REALTORS®
MLS Number: 751829
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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