3707 Mystic Street A-B, Panama City Beach, FL 32408 (MLS# 796274)

3707 Mystic Street A-B, Panama City Beach, FL 32408

New Listing

$599,900

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Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,269 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $599,900 List Date: 10/05/2026 Last Modified: 10/05/2026

Overview

Description

Picture this: it's 7 a.m., coffee in hand, and you're strolling across the street to watch the sun come up over the Grand Lagoon. Your boat is in the water from the public ramp one block away before the charter crowd wakes up. By lunch you're toes-in-the-sand at Gulf beach access #11, about half a mile from your door. By sunset you're on the deck at Schooners, about 1.5 miles away. And while you're living the dream, two homes are quietly working for you. That's what 3707 Mystic Street is: a beach lifestyle that pays its own way. This duplex lives like two separate homes, with two private entries, two separate parking areas and each unit's own patio, so neighbors and guests never feel like they're sharing. Mystic Surf (Unit A) is the guest favorite, with three king bedrooms plus a twin and trundle that sleep eight, surf murals in every bedroom, a kitchen big enough for the whole crew, a cozy electric fireplace and a storage shed for the kayaks and paddleboards. Mystic Sun (Unit B) is … (Read more) Picture this: it’s 7 a.m., coffee in hand, and you’re strolling across the street to watch the sun come up over the Grand Lagoon. Your boat is in the water from the public ramp one block away before the charter crowd wakes up. By lunch you’re toes-in-the-sand at Gulf beach access #11, about half a mile from your door. By sunset you’re on the deck at Schooners, about 1.5 miles away. And while you’re living the dream, two homes are quietly working for you. That’s what 3707 Mystic Street is: a beach lifestyle that pays its own way. This duplex lives like two separate homes, with two private entries, two separate parking areas and each unit’s own patio, so neighbors and guests never feel like they’re sharing. Mystic Surf (Unit A) is the guest favorite, with three king bedrooms plus a twin and trundle that sleep eight, surf murals in every bedroom, a kitchen big enough for the whole crew, a cozy electric fireplace and a storage shed for the kayaks and paddleboards. Mystic Sun (Unit B) is the hideaway, with two king suites, a full kitchen, a real wood-burning fireplace for those cool December nights and its own shed. For the second-home buyer, this is the beach house that doesn’t sit empty. Keep one side as your private getaway, with its own entry, parking and patio. Rent the other side to guests and let them help cover your costs. Come down whenever you want, lock the door when you leave, and let the income keep rolling in. For the investor, this is two income streams on one turnkey property that’s already operating as a vacation rental. There’s no HOA and nothing to fix, short-term rentals are allowed, and you have the flexibility to run each unit however the market tells you to. For the buyer hunting for multifamily close to the beach, this is the one that’s hard to find. Small multifamily properties this close to both the Gulf and the lagoon rarely come up, especially with true separation between units, a corner lot and room to grow. There’s space for boat parking, so your boat lives right at home one block from the ramp. There’s also room to add a hot tub, the kind of upgrade guests search for and happily pay more for. Everything worth doing is close. The Grand Lagoon marinas and charter fleets are 1 to 2 miles away. The trails and snorkeling at St. Andrews State Park are about 2 miles away. A cold one at Buster’s Beer & Bait is an easy walk, and Pier Park is roughly 9 miles away. Now let’s talk numbers. Mystic Surf projects about $46,000 a year in rental income, and Mystic Sun projects about $30,000, for a combined projection of roughly $76,000 a year. There’s no HOA fee eating into your returns, and both units are already up and running, so there’s no setup period and no waiting for your first booking. Keep both on the short-term market for maximum income, or put one side on a mid- or long-term lease for steady, predictable cash flow. Adding a hot tub or capturing boat-friendly guests could push those numbers even higher.

Listing Details MLS# 796274

Contract Info

List Price/SqFt: 264.39

Location

Area: 03 – Bay County – Beach
Street #: 3707
Street Name: Mystic
Street Suffix: Street
Unit #: A-B
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Biltmore Beach
Community/Resort: None
Waterfront: No
Parcel ID: 32050-000-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From Thomas Dr. take Dolphin to the stop sign at South Lagoon. Take a right on South Lagoon and the Duplex is 1 block up in the left corner of South Lagoon and Mystic Street.
Legal Description: BILTMORE BEACH 1ST ADD LOT 1 BLK F ORB 4552 P 508

General Property Info

Sub-Type: Duplex Multi-Units
Design: Duplex
Apx SqFt(Htd/Cooled): 2269
SqFt Source: Prop App Site
Full Baths: 2
Half Baths: Yes
Total Baths: 3
Accessory Dwelling Unit: No
Year Built: 1981
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 58×100
Acreage: 0.13
Lot Size (SqFt): 5663
Pool: No

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 6028.48
Last Tax Year: 2025
Brokerage Interest: No Interest

Remarks & Misc

Remarks: Picture this: it's 7 a.m., coffee in hand, and you're strolling across the street to watch the sun come up over the Grand Lagoon. Your boat is in the water from the public ramp one block away before the charter crowd wakes up. By lunch you're toes-in-the-sand at Gulf beach access #11, about half a mile from your door. By sunset you're on the deck at Schooners, about 1.5 miles away. And while you're living the dream, two homes are quietly working for you. That's what 3707 Mystic Street is: a beach lifestyle that pays its own way. This duplex lives like two separate homes, with two private entries, two separate parking areas and each unit's own patio, so neighbors and guests never feel like they're sharing. Mystic Surf (Unit A) is the guest favorite, with three king bedrooms plus a twin and trundle that sleep eight, surf murals in every bedroom, a kitchen big enough for the whole crew, a cozy electric fireplace and a storage shed for the kayaks and paddleboards. Mystic Sun (Unit B) is the hideaway, with two king suites, a full kitchen, a real wood-burning fireplace for those cool December nights and its own shed. For the second-home buyer, this is the beach house that doesn't sit empty. Keep one side as your private getaway, with its own entry, parking and patio. Rent the other side to guests and let them help cover your costs. Come down whenever you want, lock the door when you leave, and let the income keep rolling in. For the investor, this is two income streams on one turnkey property that's already operating as a vacation rental. There's no HOA and nothing to fix, short-term rentals are allowed, and you have the flexibility to run each unit however the market tells you to. For the buyer hunting for multifamily close to the beach, this is the one that's hard to find. Small multifamily properties this close to both the Gulf and the lagoon rarely come up, especially with true separation between units, a corner lot and room to grow. There's space for boat parking, so your boat lives right at home one block from the ramp. There's also room to add a hot tub, the kind of upgrade guests search for and happily pay more for. Everything worth doing is close. The Grand Lagoon marinas and charter fleets are 1 to 2 miles away. The trails and snorkeling at St. Andrews State Park are about 2 miles away. A cold one at Buster's Beer & Bait is an easy walk, and Pier Park is roughly 9 miles away. Now let's talk numbers. Mystic Surf projects about $46,000 a year in rental income, and Mystic Sun projects about $30,000, for a combined projection of roughly $76,000 a year. There's no HOA fee eating into your returns, and both units are already up and running, so there's no setup period and no waiting for your first booking. Keep both on the short-term market for maximum income, or put one side on a mid- or long-term lease for steady, predictable cash flow. Adding a hot tub or capturing boat-friendly guests could push those numbers even higher.

Family Room

First: Yes

More Information

Construction/Siding

Roof – Metal: Yes
Roof – Other: Yes

Financing

Cash: Yes
Conventional: Yes
Other: Yes

Furnished

Unfurnished: Yes

Kitchen

First: Yes

Lot Access

City Street: Yes

Present Zoning

Resid Multi-Family: Yes

Rooms

Bedroom: Yes
Family Room: Yes
Full Bathroom: Yes
Kitchen: Yes
Primary Bedroom: Yes

Showing

ShowingTime: Yes

Utilities

Electricity – Connected: Yes
Septic Tank: Yes

Primary Bedroom

First: Yes

Bedroom

First: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Property Features

Primary Bedroom: First Bedroom: First Cooling: Ceiling Fan(s); Central Air Financing: Cash; Conventional; Other Furnished: Unfurnished Kitchen: First Lot Access: City Street Family Room: First Rooms: Bedroom; Family Room; Full Bathroom; Kitchen; Primary Bedroom Showing: ShowingTime Utilities: Electricity – Connected; Septic Tank Present Zoning: Resid Multi-Family

Room Information

Room Name	Level	Dimensions	Length	Width
Primary Bedroom	First	12 x 10	12.00	10.00
Kitchen	First	8 x 6	8.00	6.00
Family Room	First	10 x 12	10.00	12.00
Full Bathroom		7 x 6	7.00	6.00
Bedroom	First	0 x 0	0.00	0.00

Listing Office: Legacy Premier Agency

Last Updated: October – 05 – 2026

Information deemed reliable but not guaranteed.