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5225 Long John Drive

Panama City, FL 32408
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Bed 5

Bed

Bath 3

Bath

Discover the potential of this unique quadplex property situated on a spacious lot with a convenient circular driveway that easily accommodates six vehicles. Perfectly positioned near the beautiful Emerald Coast, marinas, and local waterfront attractions, this property offers both immediate rental income potential and exciting possibilities for future expansion. Currently configured as a four-unit property featuring one larger three-bedroom unit along with three efficiency units, this versatile layout provides flexibility for long-term rentals, short-term vacation stays, workforce housing, or a combination of income streams. With a little TLC and vision, the property may offer the opportunity to reconfigure or expand to five or even six units, creating even greater income potential. The generous lot and circular drive make access and parking easy for tenants and guests, while the location places residents just minutes from some of the area's most desirable destinations. Enjoy close proximity to St. Andrews State Park, the beach, marinas, boat launches, waterfront dining, shopping, and entertainment, making this an appealing property for both residents and vacation renters. Whether you are an investor looking to increase cash flow, expand your portfolio, or develop a coastal income property, this opportunity offers endless possibilities in a highly sought-after coastal location. Don't miss the chance to bring your vision to life and maximize the potential of this multi-unit property near the water and the heart of everything the Emerald Coast has to offer.

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Detail Ic Property Details

Property Type : Residential

Price : $509,900

AD Id : 76142286

MLS Id : 786804

Beds : 5

Year Built : 1977

County : Bay

Subdivision: Lullwater Beach

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Map

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Room Information

    Rooms Total: 5

    Roofing Information

    Composition, Shingle
  • Interior Features

    Roof: Composition, Shingle
  • Heating & Cooling

    Has Heating: Yes Heating: VariesByUnit Has Cooling: Yes Cooling: Ductless, WindowUnits

  • Building Information

    Year Built: 1977
    Building Area Total: 1950
    Private Pool: No

  • Lot Information

    Lot Dimensions: 50x113

    Property Information

    Subdivision: Treasure Island Source Property Type: Residential MLS Area Minor: 0323 - Beach - South of Grand Lagoon Property SubType: Quadruplex Property Age: 49

  • Listing Price Information

    Listing Price: $509900
    Original Price: $529900

  • Tax Information

    Parcel Number: 31487-010-000 Tax Year: 2025 Annual Tax: $4020 Tax Legal Desc: TREASURE ISLAND LOT 24 BLK 2 ORB 4420 P 506

  • School Information

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

    Direction: Gps
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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 06/09/2026 @ 22:19

MLS: 786804 LISTED BY: Danielle Parsons, LPT Realty LLC 877-366-2213 SOURCE: CPAR

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