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5012 Gulf Drive #2

Panama City Beach, FL 32408
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Bed 2

Bed

Bath 2

Bath

NOW BACK ON MARKET AT NO FAULT TO THE SELLER - New Property Video & 3D Home Tour! Rare opportunity to own an updated ground floor 2 bedroom 2 bath beachside condo directly across from a wide paved PUBLIC BEACH ACCESS! Simply walk out your front door and you are less than 60 feet from the beach access, making this unit extremely attractive for short term rentals and personal use alike. NO HOA but shared access and maintenance agreement between 4 units. Short term rentals allowed. Large private deck and pool on site. These units are truly a one of a kind opportunity! This ground floor layout is exactly what renters want and owners appreciate, offering easy access with no stairs and immediate proximity to the beach. Located at the end of a quiet cul de sac with no thru traffic, the settin g provides a rare balance of privacy and convenience that consistently drives strong rental demand. The unit features updated LVP flooring with upgraded rubber backing, a functional and efficient layout, and durable finishes designed for low maintenance ownership. The building has seen major improvements including solid all brick construction with dual layers of elastomeric stucco and paint, a 2024 standing seam metal roof, updated windows and doors, and water heaters replaced in 2021. Two assigned parking spaces convey with the unit. Walkable to popular beachfront dining including Schooners and positioned directly across from one of the widest public beach access points in PCB. Updated ground floor condos this close to the beach with no HOA, rental flexibility, and a community pool rarely come available. Ideal for investors looking to scale a beach rental portfolio in one location or buyers seeking a simple, low hassle beach property they can actually use and enjoy. Units #1, #3, and #4 are currently also listed for sale, offering an investor the unique opportunity to acquire the entire building. Buyer to verify all measurements and information deemed important.

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Detail Ic Property Details

Property Type : Residential

Price : $399,000

AD Id : 73017522

MLS Id : 783407

Beds : 2

Year Built : 1973

County : Bay

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 2

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 6

    Roofing Information

    Metal
  • Interior Features

    Roof: Metal
    Appliances: WasherDryerStacked, ElectricRange, ElectricWaterHeater
    Laundry Features: Stacked
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1973
    Building Area Total: 815
    Construction Materials: Stucco
    Stories: 2
    Patio And Porch Features: Balcony, Covered, Patio, Porch
    Pool Features: Community
    Private Pool: No
    View: Gulf
  • Exterior Features

    Exterior Features: Patio

  • Lot Information

    Lot Dimensions: 0x0 Lot Description: Paved

    Property Information

    Subdivision: Gulfside Condo. Source Property Type: Residential MLS Area Minor: 0323 - Beach - South of Grand Lagoon Property SubType: Condominium Levels: Two Property Age: 53

  • Listing Price Information

    Listing Price: $399000
    Original Price: $419000

  • Tax Information

    Parcel Number: 32256-020-000 Tax Year: 2025 Annual Tax: $738 Tax Legal Desc: GULFSIDE CONDO APT 2 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841

  • School Information

    Elementary School: Patronis Junior High School: Surfside Senior High School: Arnold
  • Utility Information

    ElectricityAvailable
  • Location Information

    Direction: 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.
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/10/2026 @ 03:01

MLS: 783407 LISTED BY: Kerry Jackson, LPT Realty LLC 877-366-2213 SOURCE: CPAR

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