BEDS4
BATHS3 full 1 partial
SQUARE FEET2,798
MLS#785643
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLaguna Beach Estates 7th Add
Property Description
OPPORTUNITY ABOUNDS ON THIS LAGUNA BEACH PROPERTY! Welcome to 209 Oleander Drive, ideally located in the heart of Panama City Beach on a spacious L-shaped lot, just steps from the sugar-white sands and emerald waters of the Gulf (less than 600 steps to the beach!). This versatile property is perfect as a primary residence, second home, or income producing Long or short-term rental with two separate living spaces. The main house, currently owner-occupied and remodeled in 2017, features bright living spaces and a functional, open flow that is welcoming for both owners and guests. Step outside to enjoy a private outdoor area perfect for relaxing after a day at the beach or entertaining visitors. A standout feature is the 30x30 insulated workshop, offering endless possibilities. With plumbing already in place, it could easily be converted into an additional rental unit, used for a home business, or serve as storage for vehicles or a collection. The property also includes a carriage house (ADU) built in 2023, complete with a two-car garage. Over the past two years, this unit has generated $20,000 annually in short-term rental income, making it an excellent opportunity for buyers seeking immediate investment potential. The two-car garage with separate entrance also offers the option to be converted into additional rental space. Both homes include a full appliance package, tankless water heaters, walk-in showers, and smoke detectors. The property is connected to city water and sewer (no septic), with one shared water/sewer bill and two separate electric meters. Refer to upgrade list in document section. Whether you're looking for a personal beach retreat, a long term or short term income-producing property, or a combination of both, this unique opportunity offers flexibility, expansion potential, ample storage, and an unbeatable location. Schedule your showing today and discover the possibilities of beach living and investment in Panama City Beach!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Ductless, ENERGY STAR Qualified Equipme
Fenced: Yes
Garage: 3 car attached
Heating: Central, ENERGY STAR Qualified Equipment, Heat Pump,
Lot Size: 150 X 55 X 73 X 55
Roof Type: Metal
Taxes: $4,972
Year Built: 1964
Amenities
Double Vanity
Main Level Primary
See Remarks
Smart Thermostat
Patio
Outdoor Shower
Porch
Feature Descriptions
Appliances: Washer/Dryer Stacked, ENERGY STAR Qualified Appliances, Electric Cooktop, Electric Oven, Electric Range, Water Softener Owned, Tankless Water Heater
Community Features: Short Term Rental Allowed
Days on Site: 115
Exterior: Block, HardiPlank Type
Fencing: Fenced, Partial
Laundry: Stacked
Lot: Sprinkler System, Paved
Lot Dimensions: 150 X 55 X 73 X 55
Parcel#: 36813-000-000
Parking: Additional Parking, Paved
Parking Notes: Additional Parking, Paved
Patio/Porch: Balcony, Enclosed, Covered, Patio, Porch, Screened
Security: yes
Security: Secured Garage/Parking, Security System, Smoke Detector(s)
Utilities: Cable Connected, Sewer Available, Underground Utilities
Room Sizes
Garage: 33 X 22 Level - First
Studio: 22 X 11 Level - First
Family Room: 18 X 33 Level - Second
Full Bath: 8 X 10 Level - Second
Bedroom: 14 X 10 Level - Second
Bedroom: 15 X 13 Level - Second
Living Room: 14 X 10 Level - First
Primary Bedroom: 19 X 10 Level - First
Primary Bathroom: 11 X 10 Level - First
Breakfast Room/ Nook: 19 X 10 Level - First
Kitchen: 17 X 10 Level - First
Local Schools
High School: Arnold
Middle School: Surfside
Elementary School: West Bay
Listed By / Shown By
Listed By
Agency Name: Beachy Beach Real Estate
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 3,684.22 per month $2,891.01 Principal & Interest $414.33 Property Tax $378.88 Homeowner's InsuranceChange Payment Information
209 Oleander Drive | MLS# 785643
This multi-family property located at 209 Oleander Drive, Panama City Beach, FL 32413 is currently listed for sale with an asking price of $1,299,000. Search Panama City Beach real estate on www.realtymark.net today.