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Furnished Duplex Near Beach Access
For Sale
$589,999

5220 Beach Drive, Panama City, FL 32408

MULTI_FAMILY - Other - Panama City, FL

Property Size1,232 SF
Lot Size0.14 Acres
Price / SF$478.90
Days on Market72

Property Features for 5220 Beach Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
Exterior features Barbecue, OutdoorShower
Fencing Fenced
Appliances ElectricRange, ElectricWaterHeater
Subdivision Biltmore Beach
Lot features Paved
Elementary school Patronis
Middle school Surfside
High school Arnold
Directions Traveling on Highway 98 - turn onto Thomas Drive headed South - Turn Right onto Beach Drive - property will be located down on the right.
Standard status Active
APN 31750-000-000
Size 1,232 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BILTMORE BEACH LOT 6 BLK D ORB 3952 P 381 MAP 70B2
Tax Annual Amount 2894
Legal Description BILTMORE BEACH LOT 6 BLK D ORB 3952 P 381 MAP 70B2

Utilities

Sewer type Public Sewer
Heating system Central, Electric (Heating)
Cooling system Central Air

Amenities

enclosed backyard
outdoor fire pit

Building Details

Year built 1972
Floors in Building 1
Number of units 2
Building materials Block
Roof type Shake
Architectural style Other
Listing Agency: LoKation Real Estate
Listed By: Scott Roberts · License #sl3417225
Added: Jun 4 Changed: Aug 13 Last Checked: Aug 14 at 10:06PM
MLS# 790852

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 1,232-square-foot duplex contains two separate residences, each with two bedrooms and one full bathroom, for a combined total of four bedrooms and two full baths. The property is fully furnished and includes central air, central electric heating, electric ranges, electric water heating, block construction, a shake roof, and public sewer. Built in 1972, it occupies a 0.14-acre parcel with a fenced backyard, barbecue, outdoor shower, and fire pit.

The property is located at 5220 Beach Drive in Panama City, near Beach Access #5 and the Gulf shoreline. Its two-residence layout supports a range of ownership and occupancy arrangements, including use of one residence while leasing or renting the other, subject to applicable requirements.

Key Highlights

  • Two‑residence duplex with four bedrooms and two full baths
  • 1,232 square feet on a 0.14‑acre parcel
  • Each residence includes two bedrooms and one full bathroom

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm Nail Salon Pharmacy Grocery & Convenience Store Spa & Massage Center

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

Location Intelligence

Trade Area within ½ mile

304
Businesses Nearby

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

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?
Duplex - Two private residences provide flexible personal-use, vacation-rental, or long-term tenant options near the Gulf shoreline.
Where is this duplex located?
The property is located at 5220 Beach Drive Panama City, FL.
What is the asking price?
The asking price for this property is $589,999.
What are key features of this property?
This property features: Two‑residence duplex with four bedrooms and two full baths; 1,232 square feet on a 0.14‑acre parcel; Each residence includes two bedrooms and one full bathroom
More about this property
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