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

209 Oleander Drive, Panama City Beach, FL 32413

Residential, Panama City Beach, FL

Property Size2,798 SF
Price / SF$437.81
Days on Market194

Property Features for 209 Oleander Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Resid Multi-Family
Bedrooms 4
Bathrooms 4
Full bathrooms 3
Half bathrooms 1
Rooms Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 3, Family Room
Security features Security
Patio and Porch features Porch, Patio
Interior features DoubleVanity, MainLevelPrimary, SmartThermostat
Exterior features Patio, OutdoorShower, Porch
Fencing Fenced
Appliances WasherDryerStacked, EnergyStarQualifiedAppliances, ElectricCooktop, ElectricOven, ElectricRange, WaterSoftenerOwned, TanklessWaterHeater
Subdivision Laguna Beach Estates 7th Add
Lot features Sprinkler System, Paved
Elementary school West Bay
Middle school Surfside
High school Arnold
Directions Follow US-98 W to Oleander Dr in Laguna Beach
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
Legal Description LAGUNA BEACH ESTATES 7TH ADD LOTS 1, 2 & 3 BLK 28 LESS PRCL ORB 3499 P 1773

Utilities

Heating system Heat Pump (Heating), Central
Cooling system ENERGY STAR Qualified Equipment, Central Air, Ductless

Amenities

full appliance package
tankless water heaters
walk-in showers
smoke detectors
private outdoor area
30x30 insulated workshop

Building Details

Year built 1964
Building materials Block, HardiplankType
Roof type Metal
Additional Structures Garage(s)
Listing Agency: Beachy Beach Real Estate
Listed By: Chris M Shelton
Added: Feb 14 Changed: Aug 26 Last Checked: Aug 27 at 9:06PM
MLS# 785643

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 2,798-square-foot property includes a main residence and a separate carriage house completed in 2023. The primary home was remodeled in 2017 and offers open-flow living areas, a private outdoor space, full appliances, tankless water heating, walk-in showers, and smoke detectors. The carriage house includes a two-car garage with its own entrance, while both residences share city water and sewer and have separate electric meters.

A 30-by-30 insulated workshop adds substantial utility, with plumbing already installed. The fenced property also features a patio, porch, and outdoor shower. Its Laguna Beach setting places the property less than 600 steps from the beach, supporting use as a primary residence, second home, or long- and short-term rental property.

Key Highlights

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

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 - Flexible beach-area property with two living spaces, a detached workshop, and a recently built carriage house with garage.
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 built in 2023 with a two‑car garage; 30‑by‑30 insulated workshop with plumbing installed
More about this property
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