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Short-Term Rental Property with ADU
For Sale
$1,225,000

209 Oleander Drive, Panama City Beach, FL 32413

Two separate living spaces, a workshop, and beach proximity support flexible personal or rental use.

Property Size2,798 SF
Price / SF$437.81
Days on Market191

Property Features for 209 Oleander Drive

General Information

Standard status Active
Size 2,798 SF
Property subtype Residential / Multi Family / Multi Family

Additional Details

Utilities to Site Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,972

Amenities

Yes, Central Air, Ductless, Energy Star Qualified Equipment
Yes, Central, Energy Star Qualified Equipment, Heat Pump, Other, See Remarks
Washer Dryer Stacked, Energy Star Qualified Appliances, Electric Cooktop, Electric Oven, Electric Range, Water Softener Owned, Tankless Water Heater
13
3
1
4
Stacked
Double Vanity, Main Level Primary, See Remarks, Smart Thermostat
Metal
Fenced, Partial
Patio, Outdoor Shower, Porch
Secured Garage Parking, Security System, Smoke Detectors
Short Term Rental Allowed
Slab
Block, Hardiplank Type
Balcony, Enclosed, Covered, Patio, Porch, Screened

Building Details

Year Built 1964
Listing Agency: Beachy Beach Real Estate
Listed By: Chris M Shelton
Source: Compass
Added: Feb 17 Changed: Aug 25 Last Checked: Aug 26 at 1:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beachy Beach Real Estate

Investment Insights

Based on property information with market context.

This 2,798-square-foot property includes a remodeled main residence and a carriage house ADU completed in 2023. The main home was updated in 2017 and offers an open interior arrangement, while both living spaces feature full appliance packages, tankless water heaters, walk-in showers, and smoke detectors. A 30-by-30 insulated workshop includes plumbing and provides additional storage or conversion potential. The ADU includes a two-car garage with a separate entrance, and the garage may offer further adaptable space.

Located at 209 Oleander Drive in Panama City Beach, the property is less than 600 steps from the beach. It is connected to city water and sewer, with one shared utility bill and two separate electric meters. Exterior features include a fenced area, patio, porch, balcony, outdoor shower, and screened spaces. Short-term rentals are allowed.

Key Highlights

  • 2,798 SF property with two separate living spaces
  • Carriage house ADU built in 2023 with two‑car garage
  • 30‑by‑30 insulated workshop with plumbing in place

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Law Firm Parking Lot & Garage Auto Repair Shop Plumbing Service Bakery HVAC Service

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

168
Businesses Nearby

Demographics for 32413, FL

15,217
Population
16,334
Households
0.9
Avg Household Size
50
Median Age
34%
College-Educated
94%
High-School Grad
108.2 sq mi
ZIP Area
141
Density / Sq Mi
$76,010
Median Household Income
$41,282
Median Earnings
$1,629
Median Rent
$384,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Short term rental property - Two separate living spaces, a workshop, and beach proximity support flexible personal or rental use.
Where is this short term rental property located?
The property is located at 209 Oleander Drive Panama City Beach, FL.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 2,798 SF property with two separate living spaces; Carriage house ADU built in 2023 with two‑car garage; 30‑by‑30 insulated workshop with plumbing in place
More about this property
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