5012 Gulf Drive 1-4, Panama City Beach, FL 32408 (MLS# 783708)

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: 4/07/2026 Last Modified: 4/07/2026

Overview

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 … (Read more) 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!

Listing Details MLS# 783708

Contract Info

List Price/SqFt: 500

Location

Area: 03 – Bay County – Beach
Street #: 5012
Street Name: Gulf
Street Suffix: Drive
Unit #: 1-4
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Gulfside Condo.
Community/Resort: None
Waterfront: No
Parcel ID: 32256-009-000
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.
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

Sub-Type: Quadplex Multi-Units
Design: N/A
Apx SqFt(Htd/Cooled): 3500
SqFt Source: Owner Measured
Full Baths: 8
Total Baths: 8
# of Stories in Building: 2
# of Units in Bldg: 4
Year Built: 1973
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 110×80
Acreage: 0.13
Lot Size (SqFt): 5663
Pool: Yes
Pool Type: Community

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 0
Last Tax Year: 2025
Brokerage Interest: No Interest

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: Yes

More Information

Master Bathroom

First: Yes
Second: Yes

Appliances

Dishwasher: Yes
Microwave: Yes
Range – Electric: Yes
Washer/Dryer Stacked: Yes
Water Heater – Electric: Yes

Interior Features

Floor – Vinyl Plank: Yes
Window – Treatment All: Yes

Construction/Siding

Foundation – Slab on Grade: Yes
Roof – Metal: Yes
Siding – Stucco: Yes

Exterior

Balcony: Yes
Patio Covered: Yes
Patio Open: Yes
Porch Covered: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Furnished: Yes

Kitchen

First: Yes
Second: Yes

Living Room

First: Yes
Second: Yes

Lot Features

Dead End: Yes
Easements: Yes
Near Beach Access: Yes
Within 1/2 Mile to Water: Yes

Lot Access

Paved Road: Yes

Parking Features

Additional Parking: Yes
Paved: Yes

Association Amenities

Pool: Yes

Rooms

Bedroom: Yes
Bunk Room: Yes
Full Bathroom: Yes
Kitchen: Yes
Living Room: Yes
Master Bathroom: Yes
Master Bedroom: Yes

Showing

ShowingTime: Yes

Utilities

Electricity – Connected: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Gulf: Yes

Sale Type

As Is: Yes

Full Bathroom

First: Yes
Second: Yes

Master Bedroom

First: Yes
Second: Yes

Bedroom

First: Yes
Second: Yes

Cooling

Central Air: Yes
Electric: Yes

Heating

Central: Yes
Electric: Yes

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

Room Name	Level	Dimensions	Length	Width
Living Room	First	14.5 x 11.5	14.50	11.50
Kitchen	First	14 x 11.5	14.00	11.50
Bedroom	First	13 x 11	13.00	11.00
Full Bathroom	First	8.5 x 6.5	8.50	6.50
Master Bedroom	First	11 x 10.5	11.00	10.50
Master Bathroom	First	5.5 x 6	5.50	6.00
Bunk Room	First	6 x 11	6.00	11.00
Living Room	First	14.5 x 11.5	14.50	11.50
Kitchen	First	11 x 14	11.00	14.00
Master Bedroom	First	11.5 x 11	11.50	11.00
Bedroom	First	13 x 11	13.00	11.00
Full Bathroom	First	8 x 6.5	8.00	6.50
Master Bathroom	First	5.5 x 6	5.50	6.00
Living Room	Second	14.5 x 11.5	14.50	11.50
Kitchen	Second	11 x 14	11.00	14.00
Master Bedroom	Second	11.5 x 11	11.50	11.00
Bedroom	Second	13 x 11	13.00	11.00
Full Bathroom	Second	8 x 6.5	8.00	6.50
Master Bathroom	Second	5.5 x 6	5.50	6.00

Listing Office: LPT Realty LLC

Last Updated: April – 07 – 2026

Information deemed reliable but not guaranteed.