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209 Oleander Drive

Panama City Beach, FL 32413
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Bed 4

Bed

Bath 4

Bath

OPPORTUNITY ABOUNDS ON THIS LAGUNA BEACH PROPERTY! Welcome to 209 Oleander Drive, ideally located in the heart of Panama City Beach on a spacious L-shaped lot, just steps from the sugar-white sands and emerald waters of the Gulf (less than 600 steps to the beach!). This versatile property is perfect as a primary residence, second home, or income producing Long or short-term rental with two separate living spaces. The main house, currently owner-occupied and remodeled in 2017, features bright living spaces and a functional, open flow that is welcoming for both owners and guests. Step outside to enjoy a private outdoor area perfect for relaxing after a day at the beach or entertaining visitors. A standout feature is the 30x30 insulated workshop, offering endless possibilities. With plumbing already in place, it could easily be converted into an additional rental unit, used for a home business, or serve as storage for vehicles or a collection. The property also includes a carriage house (ADU) built in 2023, complete with a two-car garage. Over the past two years, this unit has generated $20,000 annually in short-term rental income, making it an excellent opportunity for buyers seeking immediate investment potential. The two-car garage with separate entrance also offers the option to be converted into additional rental space. Both homes include a full appliance package, tankless water heaters, walk-in showers, and smoke detectors. The property is connected to city water and sewer (no septic), with one shared water/sewer bill and two separate electric meters. Refer to upgrade list in document section. Whether you're looking for a personal beach retreat, a long term or short term income-producing property, or a combination of both, this unique opportunity offers flexibility, expansion potential, ample storage, and an unbeatable location. Schedule your showing today and discover the possibilities of beach living and investment in Panama City Beach!

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Detail Ic Property Details

Property Type : Residential

Price : $1,325,000

AD Id : 75601111

MLS Id : 785643

Beds : 4

Year Built : 1964

Garage : 3

County : Bay

Subdivision: Keys Garden

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 4 Full Baths: 3 Half Baths: 1

    Room Information

    Rooms Total: 11

    Roofing Information

    Metal
  • Interior Features

    SmartThermostat
    Roof: Metal
    Appliances: WasherDryerStacked, EnergyStarQualifiedAppliances, ElectricCooktop, ElectricOven, ElectricRange, WaterSoftenerOwned, TanklessWaterHeater
    Laundry Features: Stacked
  • Heating & Cooling

    Has Heating: Yes Heating: Central, EnergyStarQualifiedEquipment, HeatPump, Other, SeeRemarks Has Cooling: Yes Cooling: CentralAir, Ductless, EnergyStarQualifiedEquipment

  • Building Information

    Year Built: 1964
    Building Area Total: 2798
    Construction Materials: Block, HardiplankType
    Patio And Porch Features: Balcony, Enclosed, Covered, Patio, Porch, Screened
    Private Pool: No
  • Exterior Features

    Exterior Features: Patio, OutdoorShower, Porch

  • Lot Information

    Lot Dimensions: 150 X 55 X 73 X 55 Lot Description: SprinklerSystem,Paved

    Property Information

    Subdivision: Laguna Beach Estates 7th Add Source Property Type: Residential MLS Area Minor: 0324 - Beach - West Central Zoning Description: Resid Multi-Family Property SubType: Multi Family Property Age: 62

  • Listing Price Information

    Listing Price: $1325000
    Original Price: $1400000

  • Tax Information

    Parcel Number: 36813-000-000 Tax Year: 2025 Annual Tax: $4972 Tax Legal Desc: LAGUNA BEACH ESTATES 7TH ADD LOTS 1, 2 & 3 BLK 28 LESS PRCL ORB 3499 P 1773

  • Parking Information

    AdditionalParking, Paved

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 3

  • School Information

    Elementary School: West Bay Junior High School: Surfside Senior High School: Arnold
  • Utility Information

    CableConnected, SewerAvailable, UndergroundUtilities
  • Location Information

    Direction: Follow US-98 W to Oleander Dr in Laguna Beach Security Features: SecuredGarageParking,SecuritySystem,SmokeDetectors
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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 06/08/2026 @ 13:07

MLS: 785643 LISTED BY: Chris Shelton, Beachy Beach Real Estate 850-532-6262 SOURCE: CPAR

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