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Two-Residence Short-Term Rental Property
New
For Sale
$1,199,000

209 Oleander Drive, Panama City Beach, FL 32413

Residential, Panama City Beach, FL

Property Size2,798 SF
Lot Size0.22 Acres
Price / SF$428.52
Days on Market2

Property Features for 209 Oleander Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Resid Single Family
Bedrooms 4
Bathrooms 4
Full bathrooms 3
Half bathrooms 1
Rooms Bathroom 1, Laundry Room, Bedroom 1, Family Room, Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 2, Laundry Room
Security features Security
Patio and Porch features Patio, Porch
Interior features DoubleVanity, MainLevelPrimary, SmartThermostat
Exterior features OutdoorShower, Porch
Fencing Fenced
Appliances WasherDryerStacked, EnergyStarQualifiedAppliances, ElectricCooktop, ElectricOven, ElectricRange, WaterSoftenerOwned, TanklessWaterHeater
Subdivision Laguna Beach Estates
Lot features Sprinkler System, Paved
Elementary school West Bay
Middle school Surfside
High school Arnold
Directions From Front Beach Rd & 79 go West on Front Beach about 3.5 miles, right on Oleander, lot in 2nd block on left, corner of 1st & Oleander
Standard status Active
APN 36813-000-000
Size 2,798 SF
Lot size 0.22 Acres

Additional Details

Individually Metered Utilities electricity

Taxes and HOA fees

Tax Year 2025
Tax Description LAGUNA BEACH ESTATES 7TH ADD LOTS 1, 2 & 3 BLK 28 LESS PRCL ORB 3499 P 1773
Tax Annual Amount 4972
Legal Description LAGUNA BEACH ESTATES 7TH ADD LOTS 1, 2 & 3 BLK 28 LESS PRCL ORB 3499 P 1773

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Heat Pump (Heating), Central
Cooling system ENERGY STAR Qualified Equipment, Ductless, Central Air

Amenities

full appliance packages
tankless water heaters
walk-in showers
smoke detectors
private outdoor area
workshop

Building Details

Year built 1964
Flooring type Vinyl, Plank
Building materials Block, HardiplankType
Roof type Metal
Additional Structures Garage(s)
Listing Agency: Keller Williams Realty Emerald
Listed By: Mike S Herring · License #3256219
Added: Nov 4 Last Checked: Nov 5 at 12:06AM
MLS# 797404

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.

Rey
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Investment Insights

Based on property information with market context.

At 209 Oleander Drive, the 2,798-square-foot property includes a main residence remodeled in 2017 and a separate carriage house built in 2023. The carriage house has its own entrance and a two-car garage. Both residences have full appliance packages, tankless water heaters, and walk-in showers. A detached 30-by-30-foot insulated workshop has plumbing in place. The 0.22-acre parcel is less than 500 steps from the beach.

City water and public sewer serve the property, with one shared water and sewer bill and two separate electric meters. The main residence includes a porch and fenced outdoor area; an outdoor shower is also among the exterior features. Short-term rental history is established at the property.

Key Highlights

  • Two residences on a 0.22‑acre parcel, less than 500 steps from the beach
  • 2,798 square feet of property space
  • Main residence remodeled in 2017; separate carriage house built in 2023

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - A separate carriage house and main residence provide distinct spaces for personal use or short-term stays.
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 $1,199,000.
What are key features of this property?
This property features: Two residences on a 0.22‑acre parcel, less than 500 steps from the beach; 2,798 square feet of property space; Main residence remodeled in 2017; separate carriage house built in 2023
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