5323 Sunset Avenue, Panama City Beach, FL 32408 (MLS# 729009)

5323 Sunset Avenue, Panama City Beach, FL 32408

$895,000

Property Type: Residential Bedrooms: 12 Baths: 6 Square Footage: 4,350 Status: Sold

Current Price: $895,000 List Date: 7/03/2022 Last Modified: 3/26/2025

Overview

Description

Investment opportunity! Two Triplexes- Both 5321 & 5323 Sunset Ave are located off of Thomas Drive. Just a few blocks from the beach access. 6 Units in all. Each unit is 2 bedroom, 1 bath and approximately 725 SF. Each is equipped with range, dishwasher, refrigerator. Each apartment has a private back patio area with a small storage closet. New Roof on each building in 2019. TLC and updating is needed to maximize rent rates. New owner could continue with long term rentals, or potentially convert to short term vacation rentals, or a hybrid version of both long & short term. All measurements are approximate. Please verify if important.

Listing Details MLS# 729009

Contract Info

List Price/SqFt: 205.75

Location

Area: 03 – Bay County – Beach
Street #: 5323
Street Name: Sunset
Street Suffix: Avenue
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: 31759-000-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: W on Thomas Drive, turn right on Hurt St, and Right on Sunset. Property on the right.
Legal Description: BILTMORE BEACH LOTS 18 & 19 BLK D ORB 1788 P 1064 ORB 2372 P 1034 ORB 2629 P 2107

General Property Info

Sub-Type: Triplex Multi-Units
Design: N/A
Apx SqFt(Htd/Cooled): 4350
SqFt Source: Prop App Site
Full Baths: 6
Total Baths: 6
Year Built: 1980
Construction Status: Construction Complete
Garage Y/N: No
Lot Dimensions: 100×120

Status Change Info

Under Contract Date: 2022-07-07
Sold Date: 2022-09-08
Sold Price/SqFt: 205.75

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 2697
Last Tax Year: 2021
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: Investment opportunity! Two Triplexes- Both 5321 & 5323 Sunset Ave are located off of Thomas Drive. Just a few blocks from the beach access. 6 Units in all. Each unit is 2 bedroom, 1 bath and approximately 725 SF. Each is equipped with range, dishwasher, refrigerator. Each apartment has a private back patio area with a small storage closet. New Roof on each building in 2019. TLC and updating is needed to maximize rent rates. New owner could continue with long term rentals, or potentially convert to short term vacation rentals, or a hybrid version of both long & short term. All measurements are approximate. Please verify if important.

More Information

Appliances

Dishwasher: Yes
Oven – Electric: Yes
Range – Electric: Yes
Refrigerator: Yes
Water Heater – Electric: Yes

Interior Features

Washer/Dryer Hookup: Yes
Window – Treatment Some: Yes

Construction/Siding

Frame: Yes
Roof – Dimensional Shg: Yes
Siding – Stucco: Yes
Siding – Wood: Yes

Exterior

Fenced Back Yard: Yes
Fenced Privacy: Yes
Needs Work: Yes
Patio Open: Yes

Financing

Cash: Yes

Furnished

Unfurnished: Yes

Lot Features

Within 1/2 Mile to Water: Yes

Lot Access

Paved Road: Yes

Parking Features

Parking Lot: Yes

Mstr Bath / Mstr Bdrm

MBed Walk-in Closet: Yes
MBath Shower/Tub Combo: Yes

Present Zoning

Resid Multi-Family: Yes

Rooms

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

Showing

ShowingTime: Yes

Utilities

Electricity – Connected: Yes
Water Connected: Yes
Septic Tank: Yes

Sale Type

As Is: Yes

Cooling

Central Air: Yes
Electric: Yes

Heating

Central: Yes
Electric: Yes

Property Features

Appliances: Dishwasher; Oven – Electric; Range – Electric; Refrigerator; Water Heater – Electric Cooling: Central Air; Electric Heating: Central; Electric Exterior: Fenced Back Yard; Fenced Privacy; Needs Work; Patio Open Financing: Cash Furnished: Unfurnished Lot Features: Within 1/2 Mile to Water Lot Access: Paved Road Parking Features: Parking Lot Rooms: Bedroom; Full Bathroom; Kitchen; Living Room; Master Bathroom; Master Bedroom Sale Type: As Is Showing: ShowingTime Utilities: Electricity – Connected; Septic Tank; Water Connected Present Zoning: Resid Multi-Family

Room Information

Room Name	Dimensions	Length	Width
Living Room	13 x 12.5	13.00	12.50
Master Bedroom	14 x 10	14.00	10.00
Full Bathroom	8 x 5	8.00	5.00
Kitchen	14 x 8	14.00	8.00
Bedroom	11 x 9	11.00	9.00
Bedroom	11 x 9	11.00	9.00
Master Bathroom	14 x 10	14.00	10.00
Bedroom	11 x 9	11.00	9.00
Bedroom	11 x 9	11.00	9.00
Master Bedroom	14 x 10	14.00	10.00
Master Bathroom	14 x 10	14.00	10.00
Bedroom	11 x 9	11.00	9.00

Listing Office: St Andrew Shores Realty Serv

Last Updated: March – 26 – 2025

Information deemed reliable but not guaranteed.