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5616 Pinetree Avenue

Panama City, FL 32408
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Bed 3

Bed

Bath 2

Bath

Acres0.18

Acre(Lot)

Fully renovated beach cottage and RENTAL MACHINE only .3 miles from the Gulf! This stunning 3-bedroom, 2-bath coastal home sits on a huge lot with no HOA in the heart of Lower Grand Lagoon, offering the kind of space that is nearly impossible to find this close to the water. Every inch of this cottage has been meticulously updated, including a 2020 metal roof, HVAC, Hardie Board siding, vinyl windows, septic system, PEX plumbing, and copper wiring. The coastal interior shines with granite countertops, white cabinets, stainless appliances, wood-look tile flooring, and updated fixtures throughout. All of the furnishings convey to the new buyer. Beyond the beautiful renovations, this property is a proven high-producing investment that has consistently delivered impressive results, generating $58,642 in 2023, $50,378 in 2024, and $45,591 in 2025. It is currently self-managed and the seller would be happy to share his process and vendors so a new buyer could continue. The massive yard provides plenty of room to add a private pool, while the oversized driveway offers an abundance of parking for a boat, jet skis, and golf cart. An amazing covered front porch offers the perfect hangout, while the private outdoor shower makes cleaning off the sand effortless after a day at the beach. This prime location puts you mere blocks from the community boat ramp and minutes from the area's best-loved dining spots like Schooners, Patches, and Finn's, offering guests the ultimate coastal lifestyle with world-class boating, fishing, and white sandy beaches just down the street. This property perfectly balances a relaxed coastal vibe with a proven track record of rental success. Schedule your showing today. A video tour is also available

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Detail Ic Property Details

Property Type : Residential

Price : $419,000

AD Id : 76291779

MLS Id : 787034

Beds : 3

Lot Size : 0.18 Acre

Year Built : 1956

County : Bay

Subdivision: Irons Manor High Pine Add

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 5
  • Interior Features

    Appliances: WasherDryerStacked, ElectricOven
    Laundry Features: Stacked
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1956
    Building Area Total: 1023
    Private Pool: No

  • Lot Information

    Lot Dimensions: 190x82x137x60 Main Square Feet: 0.18 Lot Size Acres: 0.18 Lot Size Square Feet: 8,059 Lot Description: Paved

    Property Information

    Subdivision: Biltmore Beach Source Property Type: Residential MLS Area Minor: 0323 - Beach - South of Grand Lagoon Property SubType: Single Family Residence Property Age: 70

  • Listing Price Information

    Listing Price: $419000
    Original Price: $439000

  • Tax Information

    Parcel Number: 31942-000-000 Tax Year: 2025 Annual Tax: $4777 Tax Legal Desc: BILTMORE BEACH LOT 10 BLK Q ORB 4645 P 2061 MAP 70B1

  • School Information

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

    CableConnected
  • Location Information

    Direction: From Thomas Dr heading west, turn right onto Biltmore Beach then left onto Pinetree Ave. Home on right.
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ByOwner last updated this listing 06/20/2026 @ 00:05

MLS: 787034 LISTED BY: Courtney Pantalena, Coldwell Banker Realty 850-650-4563 SOURCE: CPAR

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