Duplex with Updated
For Sale
$674,900
21104 S Lakeview Drive, Panama City Beach, FL 32413
Both residences offer two-bedroom, one-bath layouts with recent interior improvements.
Property Size2,144 SF
Days on Market192
Property Features for 21104 S Lakeview Drive
General Information
Standard status
Active
Size
2,144 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Building Size
2,144 SF
Year Built
1994
Year Renovated
2021
Stories
2
Listing Agency:
The Premier Property Group
Listed By:
Alexandra Maddox · License #3307788
(850) 238-6168
Source:
Karolinakemski.kw
Added: Apr 3
Changed: Oct 10
Last Checked: Oct 11 at 3:22AM
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 The Premier Property Group
Investment Insights
Based on property information with market context.
This 1994 duplex in Panama City Beach contains two residences, each arranged with two bedrooms and one bathroom. Both units have fresh interior paint and new carpet. Windows were replaced in 2018, and renovations were completed in 2021. Unit 21106 received a water heater in 2025; work in Unit 21104 in 2026 included a bathroom update, new kitchen flooring, and updated appliances, including a washer, dishwasher, range, and hood. The property is fully occupied.
The property is near beach access at the south end of Lakeview Drive. Scenic Highway 30A is accessible for dining and shopping, and Pier Park is a short drive to the east.
The property is near beach access at the south end of Lakeview Drive. Scenic Highway 30A is accessible for dining and shopping, and Pier Park is a short drive to the east.
Key Highlights
- Two‑unit duplex; each residence has 2 bedrooms and 1 bathroom
- Fully occupied
- Fresh interior paint and new carpet in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,813
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,260
$456.3K
Cap Rate 7%
$325,900
$325.9K
Cap Rate 9%
$253,478
$253.5K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$34.7K $16.20/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$32.6K $15.20/SF
− OpEx
−$9.8K −$4.56/SF
NOI
$22.8K $10.64/SF
Area
Bay County, FL
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,260
Cap Rate 7%
$325,900
Cap Rate 9%
$253,478
Alternative Uses
Best Use
Multifamily LT 5
$325.9K
$285.2K – $380.2K
NOI $22,813 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$298.6K
$261.3K – $348.4K
NOI $20,904 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$624.7K
$546.6K – $728.8K
NOI $43,728 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two-bedroom, one-bath layouts with recent interior improvements.
Where is this duplex located?
The property is located at 21104 S Lakeview Drive Panama City Beach, FL.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Two‑unit duplex; each residence has 2 bedrooms and 1 bathroom; Fully occupied; Fresh interior paint and new carpet in both units
