209 Oleander Drive Panama City Beach, FL 32413
MULTI_FAMILY - Panama City Beach, FL
- Added:
- Feb 14, 2026
- Days on Market:
- 149
- Last Refresh:
- Jul 13 at 1:06 am
Property Features for 209 Oleander Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 3, Family Room, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1
- Security features
- Security
- Patio and Porch features
- Patio, Porch
- Interior features
- DoubleVanity, MainLevelPrimary, SmartThermostat
- Exterior features
- Patio, OutdoorShower, Porch
- Fencing
- Fenced
- Appliances
- WasherDryerStacked, EnergyStarQualifiedAppliances, ElectricCooktop, ElectricOven, ElectricRange, WaterSoftenerOwned, TanklessWaterHeater
- Standard status
- Active
- APN
- 36813-000-000
- Size
- 2,798 SF
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
Utilities
- Heating system
- Heat Pump (Heating), Central
- Cooling system
- Central Air, Ductless, ENERGY STAR Qualified Equipment
Building Details
- Year built
- 1964
- Building materials
- Block, HardiplankType
- Roof type
- Metal
- Additional Structures
- Garage(s)
Listing agent Chris M Shelton (850) 896-2000
Listing office Beachy Beach Real Estate 213 Harrison Avenue, Panama City Beach, FL (850) 532-6262
Listing date Feb 14, 2026
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.
The home sits on a spacious L-shaped lot, with access to the Gulf beach within less than 600 steps. The property is connected to city water and sewer, and it is served with one shared water/sewer bill plus two separate electric meters.
For buyers looking for flexibility, the configuration supports a primary residence or second home while also accommodating long- or short-term rental use. The ADU has generated $25,000 annually in short-term rental income over the past two years. Both homes come with a full appliance package, tankless water heaters, walk-in showers, and smoke detectors. Additional upgrade details are available in the provided document section.
Key Highlights
- Less than 600 steps to the Gulf beach; 209 Oleander Dr in Panama City Beach on a spacious L‑shaped lot
- Main house remodeled in 2017 with two separate living spaces—ideal for a primary residence, second home, or rentals
- Carriage house (ADU) built in 2023 with a two‑car garage; generated about $25,000 annually in short‑term rental income (past 2 years)
