$922,500
SOLD APR 8, 2022

5801&5803 Pinetree Ave Unit A, B, C & D Panama City Beach, FL 32408

8 Beds
4 Baths
3,072 Sq Ft
0.28 Acres

Recently Sold

$300 Per Sq Ft

20 Days on Market

Highlights

  • 0.28 Acre Lot
  • No HOA
  • Central Air
  • Patronis Elementary School Rated A-

About This Home

As of April 2022

Fantastic opportunity for a multifamily investment. 2 buildings with 2 parcel IDs, 2 units in each building. Each unit (total of 4) is a 2BD/1BA. At only 3 blocks from the beach, this is an investors' dream and would make adorable vacation rentals. With some TLC and some perks like a golf cart, each unit is projected to generate $25-35K gross annually. Currently occupied with long term tenants, with a 30 day clause to move out after successful closing. Monthly gross rent income for the 4 units long-term is currently $4525. Add a swimming pool in the back for an unforgettable retreat. All unit metered for separate cable tv, water, electric and security lighting. Each unit has private storage/laundry area. All unit have new appliances.

Last Agent to Sell the Property

Ahmed Ismail

Sand Seeker Realty LLC License #Bk3401106 Listed on: 01/21/2022

Last Buyer's Agent

Jan Johnson

Full Sail Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,451

Year Built

  • Built in 1980

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 100x120

Home Design

  • 3,072 Sq Ft Home

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Schools

  • Patronis Elementary School
  • Surfside Middle School
  • Arnold High School

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Biltmore Beach 1St Add Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,451

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1980
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.28
  • Lot Size: 100X120
  • Subdivision Name: Biltmore Beach 1st Add
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Multi Family
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Living Area: 3072.0
  • Dining Room Type: Bedroom, Full Bath
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Waterfront: No

Garage/Parking

  • Garage: No

Utilities

  • Utilities: Septic Available, Water Connected
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • Sewer: Septic Tank

Condo/Co-op/Association

  • Community Features: Short Term Rental Allowed
  • Association: No

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Size Sq Ft: 12000.0

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 1451.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2025 06/23/25 Price Changed $1,099,000 -8.3% $358 / Sq Ft
05/16/2025 05/16/25 Price Changed $1,199,000 -1.7% $390 / Sq Ft
02/28/2025 02/28/25 For Sale $1,220,000 +32.2% $397 / Sq Ft
07/13/2022 07/13/22 Off Market $922,500 -- --
06/20/2022 06/20/22 Off Market $390,000 -- --
04/08/2022 04/08/22 Sold $922,500 -0.3% $300 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $925,000 +137.2% $301 / Sq Ft
02/22/2017 02/22/17 Sold $390,000 -13.1% $93 / Sq Ft
02/03/2017 02/03/17 Pending -- -- --
01/19/2017 01/19/17 For Sale $449,000 -- $107 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christopher Jennings

    Seller's Agent in 2025

    Christopher Jennings

    Bay to 30A Realty

    (850) 532-9449

    24 in this area

    143 Total Sales

    Christopher Jennings
    Section Image
  • Ahmed Ismail

    Seller's Agent in 2022

    Ahmed Ismail

    Sand Seeker Realty LLC

    (800) 980-6115

    2 in this area

    78 Total Sales

    Ahmed Ismail
    Section Image

  • J

    Buyer's Agent in 2022

    Jan Johnson

    Full Sail Realty

  • January Johnson

    Buyer's Agent in 2022

    January Johnson

    EXP Realty LLC

    (850) 691-9851

    16 in this area

    85 Total Sales

    January Johnson
    Section Image

  • S

    Seller's Agent in 2017

    Steve File

    Panhandle Beach Realty and Rentals

See All Agents

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 721364

Central Panhandle Association of REALTORS®

Florida Bay County Panama City Beach 32408

5801&5803 Pinetree Ave Unit A, B, C & D, Panama City Beach, FL

This home is located at 5801&5803 Pinetree Ave Unit A, B, C & D, Panama City Beach, FL 32408 and is currently priced at $922,500, approximately $300 per square foot. This property was built in 1980. 5801&5803 Pinetree Ave Unit A, B, C & D is a home located in Bay County with nearby schools including Patronis Elementary School, J.R. Arnold High School, and Surfside Middle School.

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.

Central Panhandle Association of REALTORS® 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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