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$1,599,999
Active5012 Gulf Drive #1-4
Panama City, FL 32408
3,500
Square Feet
43
Days on Market
792850
MLS#
Multi-Family
Type
Unit
Structure
Commercial
Zone
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 typical 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!
Property Details
- View
- Gulf
- Stories
- 2
- Pool Description
- Community
- Pool Features
- Community
- Pool Shared
- 1
- Acres
- 0.0
- Square Feet
- 3500.0
- Lot Size (sqft)
- 0.13
- Parking Features
- Paved
- Property Type
- Multi-Family
- Property Subtype Additional
- Multi Family
- Year Built
- 1973
- Foundation
- Slab
- Roof
- Metal
- Sewer Information
- Public Sewer
- Utility Features
- Sewer Available
- Subdivision
- Gulfside Condo.
- Community Features
- Pool
- Elementary School
- Patronis
- Middle School
- Surfside
- High School
- Arnold
- County
- Bay
- Region
- Panama City
- Original List Price
- $1,599,999
- Days on Market (Cumulative)
- 43
- MLS #
- 792850
- Property Subtype
- MultiFamily
- Parcel Number
- 32256-009-000
- MLS #
- 792850
- Date Listed
- July 18, 2026
- Address
- 5012 Gulf Drive #1-4
Location
Legal
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Provided By
Listed by Kerry J Jackson (#B7692)
Listing Office: LPT Realty LLC (#LPTR)