5012 Gulf Drive 1-4, Panama City, FL, 32408

5012 Gulf Drive 1-4, Panama City, FL, 32408

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$1,750,000
59 Days On Site

5012 Gulf Drive 1-4
Panama City, FL 32408

For Sale|Residential|Active
10
Beds
8
Total Baths
8
Full Baths
3,500
SqFt
$500
/SqFt
1973
Built
Subdivision:
Gulfside Condo.
County:
Bay
Listing courtesy of Kerry J Jackson of LPT Realty LLC
Call Now: 850-786-3054
Is this the listing for you? We can help make it yours.
850-786-3054
5012 Gulf Drive 1-45012 Gulf Drive 1-45012 Gulf Drive 1-45012 Gulf Drive 1-4
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Monthly Payment (Est.)

$7,984
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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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Listing Snapshot
Price 
$1,750,000
Days On Site 
59 Days
Bedrooms 
10
Inside Area (SqFt) 
3,500 sqft
Total Baths 
8
Full Baths 
8
Partial Baths 
N/A
Lot Size 
0.13 Acres
Year Built 
1973
MLS® Number 
783708
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Owner
Friends & Family
Recent Activity
3 weeks agoPrice changed to $1,750,000
3 weeks agoListing updated with changes from the MLS®
4 weeks agoStatus changed to Active
2 months agoListing first seen on site
General Features
Acres 
0.13
Foundation 
Slab
Levels 
Two
Number Of Stories 
2
Parking 
Additional ParkingPaved
Sewer 
Public Sewer
SqFt Total 
3500
Utilities 
Electricity Available
Interior Features
Appliances 
Washer/Dryer StackedElectric RangeElectric Water Heater
Cooling 
Central Air
Flooring 
Vinyl
Furnished? 
All Units
Heating 
CentralElectric
Bedroom 
Dimensions - 13 x 11Level - Second
FullBath 
Dimensions - 8 x 6.5Level - Second
Kitchen 
Dimensions - 11 x 14Level - Second
Living Room 
Dimensions - 14.5 x 11.5Level - First
PrimaryBathroom 
Dimensions - 5.5 x 6Level - First
PrimaryBedroom 
Dimensions - 11.5 x 11Level - Second
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Exterior Features
Construction Details 
Stucco
Exterior 
Balcony
Lot Features 
PavedWaterfront
Patio And Porch 
PatioCoveredPorch
Pool Features 
Community
Roof 
Metal
View 
Water
Waterfront 
Yes
Waterview 
Water
Community Features
Community Features 
Pool
MLS Area 
03 - Bay County - Beach
Schools
School District
Unknown
Elementary School
Patronis
Middle School
Surfside
High School
Arnold
Listing courtesy of Kerry J Jackson of LPT Realty LLC



Listing information is provided by Participants of the Central Panhandle Association of REALTORS MLS. IDX information is provided exclusively for 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 not guaranteed. Copyright 2026, Central Panhandle Association of REALTORS MLS.
Last checked: 2026-03-15 02:04 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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