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Furnished Beachside Duplex
For Sale
$589,999

5220 Beach Drive, Panama City, FL 32408

Residential, Panama City, FL

Property Size1,232 SF
Lot Size0.14 Acres
Price / SF$478.90
Days on Market121

Property Features for 5220 Beach Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 2
Exterior features Barbecue, OutdoorShower
Fencing Fenced
Appliances ElectricRange, ElectricWaterHeater
Subdivision Biltmore Beach
Lot features Paved
Elementary school Patronis
Middle school Surfside
High school Arnold
Directions Traveling on Highway 98 - turn onto Thomas Drive headed South - Turn Right onto Beach Drive - property will be located down on the right.
Standard status Active
APN 31750-000-000
Size 1,232 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BILTMORE BEACH LOT 6 BLK D ORB 3952 P 381 MAP 70B2
Tax Annual Amount 2894
Legal Description BILTMORE BEACH LOT 6 BLK D ORB 3952 P 381 MAP 70B2

Utilities

Sewer type Public Sewer
Heating system Central, Electric (Heating)
Cooling system Central Air

Amenities

enclosed backyard
outdoor fire pit

Building Details

Year built 1972
Floors in Building 1
Number of units 2
Building materials Block
Roof type Shake
Architectural style Other
Listing Agency: LoKation Real Estate
Listed By: Scott Roberts · License #sl3417225
Added: Jun 4 Changed: Sep 22 Last Checked: Oct 2 at 4:06AM
MLS# 790852

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,232-square-foot duplex, built in 1972, contains two separate residences with a combined four bedrooms and two full bathrooms. Each side includes two bedrooms and one bathroom. The property is fully furnished and includes central air, central electric heating, an electric range, an electric water heater, block construction, a shake roof, and public sewer service.

Set near Beach Access #5 and the Gulf shoreline in Panama City, the property occupies 0.14 acres and includes a fenced backyard, outdoor shower, barbecue, and fire pit. The configuration supports owner use of one residence while leasing or renting the other, or operating both sides as vacation or long-term rentals.

Key Highlights

  • Two residences with 4 bedrooms and 2 full bathrooms combined
  • Each residence includes 2 bedrooms and 1 bathroom
  • 1,232 square feet on a 0.14‑acre lot

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm Nail Salon Pharmacy Grocery & Convenience Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

524
Businesses Nearby

Demographics for 32408, FL

17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two private residences offer furnished flexibility for personal use, vacation rentals, or long-term tenancy.
Where is this duplex located?
The property is located at 5220 Beach Drive Panama City, FL.
What is the asking price?
The asking price for this property is $589,999.
What are key features of this property?
This property features: Two residences with 4 bedrooms and 2 full bathrooms combined; Each residence includes 2 bedrooms and 1 bathroom; 1,232 square feet on a 0.14‑acre lot
More about this property
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