5521 Beach Dr Panama City, FL 32408
4
Beds
4
Baths
1,605
Sq Ft
5,663
Sq Ft Lot
Highlights
- No HOA
- Cooling Available
- Fenced
- Patronis Elementary School Rated A-
- Living Room
- Heating Available
About This Home
As of July 2025CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERSIf you have been looking to own and profit on Panama City Beach, this may be the perfect income-producing property for you. Just one block from the beach, this reasonably priced duplex has no HOAs and offers a fantastic location where you and your guests can enjoy many amenities year after year. Currently rented to long-term tenants, grossing $33,000, the short-term rental potential would be much higher, leaving plenty of room to call this a solid investment. You may be ready to live beach side on a budget and enjoy living in one unit and renting out the other. You and your guest will enjoy high ceilings with lots of natural light, a split bedroom floor plan, a full laundry room, and open concept living and kitchen area along with an open patio and a sizable fenced-in backyard for both units, so take a short walk to the beach, garden in your backyard or stay in and relax in either of these efficient two bedroom two bathroom units. This low-maintenance property is a fantastic way to break into beach life. The roof was replaced in January 2019, the Water Heater in December 2024, and the Washer/Dryer in December 2018 in unit 5519. In unit 5521, the A/C was replaced in July 2017, the Washer/Dryer in June 2021, and the Water Heater in December 2024. Last but not least, the property is hooked up to public water and sewer.
Last Agent to Sell the Property
Keller Williams Success Realty License #SL3462926 Listed on: 01/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,401
Year Built
- Built in 2003
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 50 x 110
- Fenced
Parking
- Driveway
Home Design
- Duplex
- Shingle Roof
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1,605 Sq Ft Home
- Living Room
Kitchen
- Electric Oven
- Electric Cooktop
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Schools
- Patronis Elementary School
- Surfside Middle School
- Arnold High School
Utilities
- Cooling Available
- Heating Available
- Electric Water Heater
Community Details
- No Home Owners Association
- Baltimore Beach Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 13, 2025
Closed on
Jul 7, 2025
Sold by
Robinson Mark E and Robinson Kim T
Bought by
Mare Aves Llc
Seller's Agent
Melany Hathcock
Keller Williams Success Realty
Buyer's Agent
Melissia Pennington
Beachy Beach Real Estate
List Price
$485,000
Sold Price
$400,000
Premium/Discount to List
-$85,000
-17.53%
Views
82
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-96.05%
Similar Homes in Panama City, FL
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $400,000 | Mti Title | |
| Warranty Deed | $400,000 | Mti Title |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | Sold | $400,000 | -8.0% | $249 / Sq Ft |
| 07/01/2025 07/01/25 | Pending | -- | -- | -- |
| 06/24/2025 06/24/25 | Price Changed | $435,000 | -5.2% | $271 / Sq Ft |
| 06/02/2025 06/02/25 | Price Changed | $459,000 | -2.1% | $286 / Sq Ft |
| 05/22/2025 05/22/25 | Price Changed | $469,000 | -1.3% | $292 / Sq Ft |
| 05/09/2025 05/09/25 | Price Changed | $475,000 | -1.0% | $296 / Sq Ft |
| 04/28/2025 04/28/25 | Price Changed | $479,900 | -1.0% | $299 / Sq Ft |
| 04/26/2025 04/26/25 | Price Changed | $484,990 | 0.0% | $302 / Sq Ft |
| 04/11/2025 04/11/25 | Price Changed | $484,995 | 0.0% | $302 / Sq Ft |
| 01/13/2025 01/13/25 | For Sale | $485,000 | 0.0% | $302 / Sq Ft |
| 08/03/2022 08/03/22 | Off Market | $1,400 | -- | -- |
| 07/05/2022 07/05/22 | Off Market | $850 | -- | -- |
| 06/20/2022 06/20/22 | Off Market | $750 | -- | -- |
| 06/20/2022 06/20/22 | Off Market | -- | -- | -- |
| 05/05/2022 05/05/22 | Rented | $1,400 | 0.0% | -- |
| 05/04/2022 05/04/22 | For Rent | $1,400 | +64.7% | -- |
| 02/26/2016 02/26/16 | Rented | $850 | 0.0% | -- |
| 02/26/2016 02/26/16 | Under Contract | -- | -- | -- |
| 02/18/2016 02/18/16 | For Rent | $850 | +13.3% | -- |
| 08/18/2013 08/18/13 | Rented | -- | -- | -- |
| 08/18/2013 08/18/13 | Under Contract | -- | -- | -- |
| 12/14/2012 12/14/12 | Rented | $750 | 0.0% | -- |
| 12/14/2012 12/14/12 | Under Contract | -- | -- | -- |
| 11/30/2012 11/30/12 | For Rent | $750 | 0.0% | -- |
| 08/18/2011 08/18/11 | For Rent | $750 | -- | -- |
Source: Central Panhandle Association of REALTORS®
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $1,442 | $99,754 | -- | -- |
| 2023 | $1,442 | $139,522 | $77,672 | $61,850 |
| 2022 | $1,140 | $84,486 | $0 | $0 |
| 2021 | $1,034 | $76,805 | $0 | $0 |
| 2020 | $889 | $69,823 | $30,923 | $38,900 |
| 2019 | $842 | $65,086 | $25,534 | $39,552 |
| 2018 | $836 | $63,573 | $0 | $0 |
| 2017 | $827 | $62,487 | $0 | $0 |
| 2016 | $843 | $62,566 | $0 | $0 |
| 2015 | $874 | $63,155 | $0 | $0 |
| 2014 | $883 | $63,938 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Melany Hathcock
Keller Williams Success Realty
(850) 628-0253
5 in this area
100 Total Sales
-
Buyer's Agent in 2025
Melissia Pennington
Beachy Beach Real Estate
(850) 527-1513
4 in this area
43 Total Sales
-
Buyer Co-Listing Agent in 2025
Mia Nadeau
Beachy Beach Real Estate
(229) 220-0101
7 in this area
63 Total Sales
-
Seller's Agent in 2022
Patricia Sneed
Smith & Assoc Property Mngt
(850) 819-6260
1 Total Sale
-
R
Seller Co-Listing Agent in 2022
Rene Hoflund
CENTURY 21 Ryan Realty Inc
Map
Source: Central Panhandle Association of REALTORS®
MLS Number: 767454
APN: 31858-010-000
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