Beach Access
For Sale
$1,599,999
5012 Gulf Drive, Panama City Beach, FL 32408
Four furnished ground-floor units with shared pool access and short-term rentals permitted without an HOA.
Property Size3,500 SF
Lot Size0.13 Acres
Price / SF$457.14
Days on Market37
Property Features for 5012 Gulf Drive
General Information
Standard status
Active
Size
3,500 SF
Lot size
0.13 Acres
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
4
Additional Details
Furnished
Yes
Road Access
Yes
Amenities
pool
Building Details
Year Built
1973
Year Renovated
2024
Buildings
1
Construction
brick
Listing Agency:
LPT Realty LLC
Listed By:
Kerry J Jackson
(850) 230-4514
Source:
Cthomeseekers
Added: Jul 2
Changed: Aug 4
Last Checked: Aug 6 at 3:29AM
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 LPT Realty LLC
Investment Insights
Based on property information with market context.
This four-unit property at 5012 Gulf Drive in Panama City Beach, Florida, offers approximately 3,500 square feet across 10 bedrooms and 8 bathrooms. The unit mix includes two three-bedroom, two-bath residences of approximately 935 square feet each and two two-bedroom, two-bath residences of approximately 815 square feet each. All units are on the ground floor, and the complex is conveyed fully furnished. A shared community pool serves the property, while short-term rentals are allowed and no HOA is in place.
The complex sits approximately 60 feet from a paved public beach access point at the end of a quiet cul-de-sac. Building improvements include solid brick construction, dual layers of elastomeric stucco and paint, updated windows and doors, replaced HVAC systems and water heaters, plus a 2024 standing seam metal roof with a new truss system and hurricane clips. The property was built in 1973.
The complex sits approximately 60 feet from a paved public beach access point at the end of a quiet cul-de-sac. Building improvements include solid brick construction, dual layers of elastomeric stucco and paint, updated windows and doors, replaced HVAC systems and water heaters, plus a 2024 standing seam metal roof with a new truss system and hurricane clips. The property was built in 1973.
Key Highlights
- Approximately 60 feet from paved public beach access in Panama City Beach
- Four ground‑floor units totaling approximately 3,500 square feet
- Unit mix includes two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Explore this area
Business Placement
Demographics for 32408, FL
17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four furnished ground-floor units with shared pool access and short-term rentals permitted without an HOA.
Where is this quadplex located?
The property is located at 5012 Gulf Drive Panama City Beach, FL.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Approximately 60 feet from paved public beach access in Panama City Beach; Four ground‑floor units totaling approximately 3,500 square feet; Unit mix includes two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units
