5012 Gulf Drive 1-4, Panama City, FL 32408 (MLS# 792850)

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

New Listing

$1,599,999

Property Type: Commercial for Sale Square Footage: 3,500 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $1,599,999 List Date: 7/18/2026 Last Modified: 7/18/2026

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 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!

Listing Details MLS# 792850

Contract Info

List Price/SqFt: 457.14
Sub-Type: Multi-Family

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

List Class: Condominium
Construction Status: Construction Complete
# of Units: 4
# of Stories in Building: 2
Acreage: 0.13
SqFt Tot Bldg: 3500
Year Built: 1973

Listing Info, Tax and Legal

HOA Fee: No

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 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!

More Information

Construction/Siding

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

Financing

Cash: Yes
Conventional: Yes

Association Amenities

Pool: Yes

Utilities

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

Waterview

Gulf: Yes

Business/Property

Furnished – All: Yes

Floors in Unit/Home

Two: Yes

Transport. Access

Paved: Yes

Property Features

Financing: Cash; Conventional Utilities: Electricity – Connected; Public Sewer – Connected; Water Connected Waterview: Gulf

Listing Office: LPT Realty LLC

Last Updated: July – 18 – 2026

Information deemed reliable but not guaranteed.