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  • MLS#: 756259 ( Residential )
  • Street Address: 5928 Beach Drive
  • Viewed: 92
  • Price: $635,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1997
  • Bldg sqft: 0
  • Bedrooms: 5
  • Total Baths: 3
  • Full Baths: 3
  • Days On Market: 349
  • Additional Information
  • Geolocation: 30.1493 / -85.7611
  • County: BAY
  • City: Panama City Beach
  • Zipcode: 32408
  • Subdivision: Biltmore Beach 1st Add
  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold
  • Provided by: Beachy Beach Real Estate
  • DMCA Notice
  • Description
    Proven Income Generating Gem: Investor's Dream in Panama City Beach! Turnkey High Earning Vacation Rental Prime Opportunity! Seller is generously offering concessions towards furniture or decor upgrades!This 5 bedroom, 3 bathroom, single story home is a proven cash flow powerhouse! With a 2023 gross rental income of $93,000 and 2024 on track for similar success, this property outperforms projections year after year. Fully turnkey, it conveys all updated furnishings, decor (refreshed in 2023), and smart home features, including digital thermostats and exterior cameras. Whether you're a seasoned investor or a first time buyer, this property is set up for seamless management and maximum occupancy, comfortably accommodating up to 12 guests.Exceptional Features Designed for High DemandGuest Friendly Layout: Single story home with zero stairs, tile flooring throughout, vaulted ceilings, and stainless steel appliances.Entertainment Spaces: Two enclosed porches, multiple dining areas, and a private backyard with a fire pit, BBQ grill, and plenty of room for outdoor fun.Enhanced Amenities: Pet friendly backyard, outdoor shower, a spacious laundry/utility room with a second refrigerator, and ample parking for guests.Group Friendly Design: Two King en suites (one with patio access), two Queen bedrooms, and a double bunk bedroom ensure privacy and comfort for families or group bookings.Prime Location for Year Round BookingsKnown as ''Pelican Paradise'' on Airbnb, this rental boasts 65 reviews with a 4.62 star average rating. Located just blocks from a public boat ramp, it's perfect for water enthusiasts bringing boats or jet skis. Public beach access is nearby, with Rick Seltzer Beach Park and St. Andrews State Park just a mile away. Local dining, entertainment, and golf are within a two mile radius, making this property an in demand destination for vacationers.This is your chance to own a high performing, low maintenance investment property in the heart of Panama City Beach's vacation rental market. Don't wait contact your real estate agent today to schedule a showing or request more details!Note: Buyer to verify all measurements and any information deemed important.
Property Features
Possible Terms
  1. Cash
  2. Conventional
  3. FHA
  4. VaLoan
Appliances
  1. DoubleOven
  2. Dryer
  3. Dishwasher
  4. ElectricCooktop
  5. ElectricOven
  6. ElectricWaterHeater
  7. Freezer
  8. Microwave
  9. RangeHood
  10. Washer
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. CentralAir
  2. CeilingFans
Covered Spaces
  1. 0.00
Exterior Features
  1. OutdoorShower
  2. Porch
  3. Patio
Fencing
  1. Fenced
  2. Privacy
Furnished
  1. Furnished
Garage Spaces
  1. 0.00
Heating
  1. Central
High School
  1. Arnold
Insurance Expense
  1. 0.00
Interior Features
  1. BreakfastBar
  2. HighCeilings
  3. NewPaint
  4. Pantry
  5. Remodeled
  6. RecessedLighting
  7. VaultedCeilings
Legal Description
  1. BILTMORE BEACH 1ST ADD LOT 23 BLK K ORB 4642 P 1683
Living Area
  1. 1963.00
Middle School
  1. Surfside
Area Major
  1. 03 - Bay County - Beach
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 32122-000-000
Parking Features
  1. Driveway
  2. Open
  3. Paved
Pet Deposit
  1. 0.00
Property Condition
  1. UpdatedRemodeled
Property Type
  1. Residential
Road Frontage Type
  1. CountyRoad
Roof
  1. Metal
School Elementary
  1. Patronis
Security Deposit
  1. 0.00
Sewer
  1. SepticTank
Style
  1. Traditional
Tax Year
  1. 2023
The Range
  1. 0.00
Trash Expense
  1. 0.00
Utilities
  1. SepticAvailable
  2. WaterConnected
Views
  1. 92
Year Built
  1. 1997