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5012 Gulf Drive , 1-4

Panama City Beach, FL 32408
  • $1,750,000
  • STATUS: Active
  • ON SITE: 87 Days
  • MLS #: 783708
UPDATED: 130 min ago
$1,750,000
  • 10
    BEDS
  • 0.13
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 3,500
    SQFT
  • $500
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1973
County:
Bay

School Information

Elementary School:
Middle School:
High School:

Description

60 FEET FROM BEACH ACCESS | RARE QUAD-PLEX PACKAGE WITH HUGE VACATION RENTAL INCOME POTENTIAL! Located approximately 60 feet from a wide paved public beach access, this extremely rare four unit beachside complex offers a unique opportunity to own a 2 story entire ground level quadplex at the end of a quiet cul de sac with no thru traffic. The direct proximity to beach access combined with the low density setting creates strong and consistent short term rental demand in Panama City Beach. The property consists of four ground floor units totaling approximately 3,500 square feet with 10 bedrooms and 8 bathrooms across the complex and is situated on approximately 0.13 acres. Unit 1 and Unit 3 are each 3 bedroom 2 bath units of approximately 935 square feet, while Unit 2 and Unit 4 are each 2 bedroom 2 bath units of approximately 815 square feet. The property includes a shared community pool. There is no HOA and short term rentals are allowed. The entire complex is being offered fully furnished and turnkey, allowing a new owner to begin generating rental income immediately upon closing while capturing peak revenue as the Panama City Beach spring and summer seasons approach. The units offer functional layouts, durable finishes, and ground floor access that renters consistently prefer. Major building improvements have already been completed including solid all brick construction with dual layers of elastomeric stucco and paint, a 2024 standing seam metal roof w new truss system and hurricane clips, updated windows and doors, HVAC and water heaters replaced . Ownership of the entire complex provides FULL control of the building and common areas, allowing a buyer to establish access, usage, and management standards that align with their investment strategy. The seller has prepared rental projections estimating gross annual income potential in the range of approximately $200,000 to $225,000 when operated as short term rentals, and rental projections are estimates and not guaranteed. Previous numbers are available under a contingency. Quadplexes offering direct beach access, no HOA restrictions, rental flexibility, and scale potential rarely come available as a single acquisition in this location. Assets with this level of location, scale, and rental flexibility do not stay available long. Call your favorite agent today to schedule a showing and learn more about this STR quadplex opportunity in Panama City Beach, FL!

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© 2026 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Premier Property Group. Data last updated: 2026-04-12T00:04:01.067.
www.premierbeachretreats.com/homes/172130748
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5012 Gulf Drive , 1-4 Panama City Beach, FL 32408

  • Price: $1,750,000
  • Status: Active
  • On Site: 87 Days
  • Updated: 130 min ago
  • MLS #: 783708
10
Beds
8
Baths
0
½ Baths
0.13
Acres
3,500
SQFT
$500
$/SQFT
1973
Built
Neighborhood:
Gulfside Condo.
County:
Bay
Area:
Bay County-Beach
Elementary School:
Patronis
Middle School:
Surfside
High School:
Arnold
Property Description
60 FEET FROM BEACH ACCESS | RARE QUAD-PLEX PACKAGE WITH HUGE VACATION RENTAL INCOME POTENTIAL! Located approximately 60 feet from a wide paved public beach access, this extremely rare four unit beachside complex offers a unique opportunity to own a 2 story entire ground level quadplex at the end of a quiet cul de sac with no thru traffic. The direct proximity to beach access combined with the low density setting creates strong and consistent short term rental demand in Panama City Beach. The property consists of four ground floor units totaling approximately 3,500 square feet with 10 bedrooms and 8 bathrooms across the complex and is situated on approximately 0.13 acres. Unit 1 and Unit 3 are each 3 bedroom 2 bath units of approximately 935 square feet, while Unit 2 and Unit 4 are each 2 bedroom 2 bath units of approximately 815 square feet. The property includes a shared community pool. There is no HOA and short term rentals are allowed. The entire complex is being offered fully furnished and turnkey, allowing a new owner to begin generating rental income immediately upon closing while capturing peak revenue as the Panama City Beach spring and summer seasons approach. The units offer functional layouts, durable finishes, and ground floor access that renters consistently prefer. Major building improvements have already been completed including solid all brick construction with dual layers of elastomeric stucco and paint, a 2024 standing seam metal roof w new truss system and hurricane clips, updated windows and doors, HVAC and water heaters replaced . Ownership of the entire complex provides FULL control of the building and common areas, allowing a buyer to establish access, usage, and management standards that align with their investment strategy. The seller has prepared rental projections estimating gross annual income potential in the range of approximately $200,000 to $225,000 when operated as short term rentals, and rental projections are estimates and not guaranteed. Previous numbers are available under a contingency. Quadplexes offering direct beach access, no HOA restrictions, rental flexibility, and scale potential rarely come available as a single acquisition in this location. Assets with this level of location, scale, and rental flexibility do not stay available long. Call your favorite agent today to schedule a showing and learn more about this STR quadplex opportunity in Panama City Beach, FL!
Exterior Features

Attached Garage YN No Construction Materials Stucco Exterior Features Patio Foundation Details Slab Garage YN No Levels Two Lot Features Paved Patio And Porch Features Balcony Covered Patio Porch Pool Features Community Roof Metal Stories 2 View Gulf View YN Yes

Interior Features

Appliances Washer / Dryer Stacked Electric Range Electric Water Heater Cooling Central Air Cooling YN Yes Flooring Luxury Vinyl Plank Heating Central Electric Heating YN Yes Laundry Features Stacked Parking Features Additional Parking Paved Rooms Primary Bathroom (Second Level) Full Bath (Second Level) Bedroom (Second Level) Primary Bedroom (Second Level) Kitchen (Second Level) Living Room (Second Level) Primary Bathroom (First Level) Full Bath (First Level) Bedroom (First Level) Primary Bedroom (First Level) Kitchen (First Level) Living Room (First Level) (First Level) Primary Bathroom (First Level) Primary Bedroom (First Level) Full Bath (First Level) Bedroom (First Level) Kitchen (First Level) Living Room (First Lev Units Furnished All Units

Property Features

Association YN No Community Features Pool Community Pool Short Term Rental Allowed Listing Service Full Service Lot Size Dimensions 110x80 New Construction YN No Occupant Type Tenant Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Sewer Public Sewer Special Listing Conditions Listed As- Is Tax Annual Amount 0 Tax Year 2025 Utilities Electricity Available Waterfront YN No

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of LPT Realty LLC: 877-366-2213. Listing information © 2026 Central Panhandle Association of Realtors MLS.


© 2026 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Premier Property Group. Data last updated: 2026-04-12T00:04:01.067.
 
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