5012 Gulf Drive 1-4, Panama City Beach, FL 32408
$1,750,000
Property Type:
Residential
Bedrooms:
10
Baths:
8
Square Footage:
3,500
Lot Size (sq. ft.):
5,663
Status:
Active
Current Price:
$1,750,000
List Date:
2/13/2026
Last Modified:
2/19/2026
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!
More Information MLS# 783708
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 0
Last Tax Year: 2025
Brokerage Interest: No Interest
Contract Info
List Price/SqFt: 500
Status: Active
List Date: 2026-01-06
List Price: $1,750,000
Current Price: $1,750,000
Location
Unit #: 1-4
Sub Area: 0323 – Beach – South of Grand Lagoon
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From the Navy Base area on Thomas Drive (also called Navy Blvd), continue south toward the beach. Stay on Thomas Drive until Huff Street near Schooners. Turn left on Huff Street, then right on Gulf Drive. 5012 Gulf Drive is a short distance ahead on the left, across from the beach.
Area: 03 – Bay County – Beach
Street #: 5012
Street Name: Gulf
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Gulfside Condo.
Parcel ID: 32256-009-000
Legal Description: GULFSIDE CONDOMINIUM 16 4S 15W -404.5- 70B1 ENDING 32256-040-000 +
GULFSIDE CONDO APT 1 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841 +
GULFSIDE CONDO APT 2 ORB 494 P 370 2BR 2B 688 H&C ORB 4900 P 1592 + GULFSIDE CONDO APT 3 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841 +
GULFSIDE CONDO APT 4 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841 .
General Property Info
Acreage: 0.13
Design: N/A
Lot Size (SqFt): 5663
Apx SqFt(Htd/Cooled): 3500
Construction Status: Construction Complete
SqFt Source: Owner Measured
# of Stories in Building: 2
# of Units in Bldg: 4
Lot Dimensions: 110×80
New Construction: No
Garage Y/N: No
Pool: Yes
Pool Type: Community
Sub-Type: Quadplex Multi-Units
Bedrooms: 10
Full Baths: 8
Total Baths: 8
Year Built: 1973
Remarks & Misc
Remarks: 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!
Bunk Room
First: 1
Master Bathroom
First: 1
Second: 1
Appliances
Dishwasher: 1
Microwave: 1
Range – Electric: 1
Washer/Dryer Stacked: 1
Water Heater – Electric: 1
Interior Features
Floor – Vinyl Plank: 1
Window – Treatment All: 1
Construction/Siding
Foundation – Slab on Grade: 1
Roof – Metal: 1
Siding – Stucco: 1
Exterior
Balcony: 1
Patio Covered: 1
Patio Open: 1
Porch Covered: 1
Financing
Cash: 1
Conventional: 1
Furnished
Furnished: 1
Kitchen
First: 1
Second: 1
Living Room
First: 1
Second: 1
Lot Features
Dead End: 1
Easements: 1
Near Beach Access: 1
Within 1/2 Mile to Water: 1
Lot Access
Paved Road: 1
Parking Features
Additional Parking: 1
Paved: 1
Association Amenities
Pool: 1
Rooms
Bedroom: 1
Bunk Room: 1
Full Bathroom: 1
Kitchen: 1
Living Room: 1
Master Bathroom: 1
Master Bedroom: 1
Showing
ShowingTime: 1
Utilities
Electricity – Connected: 1
Public Sewer – Connected: 1
Public Water – Connected: 1
Waterview
Gulf: 1
Sale Type
As Is: 1
Full Bathroom
First: 1
Second: 1
Master Bedroom
First: 1
Second: 1
Bedroom
First: 1
Second: 1
Cooling
Central Air: 1
Electric: 1
Heating
Central: 1
Electric: 1
Property Features
Appliances: Dishwasher; Microwave; Range – Electric; Washer/Dryer Stacked; Water Heater – Electric
Full Bathroom: First; Second
Master Bedroom: First; Second
Bedroom: First; Second
Cooling: Central Air; Electric
Heating: Central; Electric
Exterior: Balcony; Patio Covered; Patio Open; Porch Covered
Financing: Cash; Conventional
Furnished: Furnished
Kitchen: First; Second
Living Room: First; Second
Lot Features: Dead End; Easements; Near Beach Access; Within 1/2 Mile to Water
Lot Access: Paved Road
Bunk Room: First
Master Bathroom: First; Second
Parking Features: Additional Parking; Paved
Association Amenities: Pool
Rooms: Bedroom; Bunk Room; Full Bathroom; Kitchen; Living Room; Master Bathroom; Master Bedroom
Sale Type: As Is
Showing: ShowingTime
Utilities: Electricity – Connected; Public Sewer – Connected; Public Water – Connected
Waterview: Gulf
Room Information
Living Room
Level: First
Dimensions: 14.5 x 11.5
Length: 14.50
Width: 11.50
Dimensions: 14.5 x 11.5
Kitchen
Level: First
Dimensions: 14 x 11.5
Length: 14.00
Width: 11.50
Dimensions: 14 x 11.5
Bedroom
Level: First
Dimensions: 13 x 11
Length: 13.00
Width: 11.00
Dimensions: 13 x 11
Full Bathroom
Level: First
Dimensions: 8.5 x 6.5
Length: 8.50
Width: 6.50
Dimensions: 8.5 x 6.5
Master Bedroom
Level: First
Dimensions: 11 x 10.5
Length: 11.00
Width: 10.50
Dimensions: 11 x 10.5
Master Bathroom
Level: First
Dimensions: 5.5 x 6
Length: 5.50
Width: 6.00
Dimensions: 5.5 x 6
Bunk Room
Level: First
Dimensions: 6 x 11
Length: 6.00
Width: 11.00
Dimensions: 6 x 11
Living Room
Level: First
Dimensions: 14.5 x 11.5
Length: 14.50
Width: 11.50
Dimensions: 14.5 x 11.5
Kitchen
Level: First
Dimensions: 11 x 14
Length: 11.00
Width: 14.00
Dimensions: 11 x 14
Master Bedroom
Level: First
Dimensions: 11.5 x 11
Length: 11.50
Width: 11.00
Dimensions: 11.5 x 11
Bedroom
Level: First
Dimensions: 13 x 11
Length: 13.00
Width: 11.00
Dimensions: 13 x 11
Full Bathroom
Level: First
Dimensions: 8 x 6.5
Length: 8.00
Width: 6.50
Dimensions: 8 x 6.5
Master Bathroom
Level: First
Dimensions: 5.5 x 6
Length: 5.50
Width: 6.00
Dimensions: 5.5 x 6
Living Room
Level: Second
Dimensions: 14.5 x 11.5
Length: 14.50
Width: 11.50
Dimensions: 14.5 x 11.5
Kitchen
Level: Second
Dimensions: 11 x 14
Length: 11.00
Width: 14.00
Dimensions: 11 x 14
Master Bedroom
Level: Second
Dimensions: 11.5 x 11
Length: 11.50
Width: 11.00
Dimensions: 11.5 x 11
Bedroom
Level: Second
Dimensions: 13 x 11
Length: 13.00
Width: 11.00
Dimensions: 13 x 11
Full Bathroom
Level: Second
Dimensions: 8 x 6.5
Length: 8.00
Width: 6.50
Dimensions: 8 x 6.5
Master Bathroom
Level: Second
Dimensions: 5.5 x 6
Length: 5.50
Width: 6.00
Dimensions: 5.5 x 6
Listing Office:
LPT Realty LLC
Last Updated: February – 19 – 2026
Information deemed reliable but not guaranteed.