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5012 Gulf Drive 2
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PRICED AT ONLY: $419,000

Address: 5012 Gulf Drive 2, Panama City Beach, FL 32408

Description

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 setting 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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More Like This
  • MLS#: 783407 ( Residential )
  • Street Address: 5012 Gulf Drive 2
  • Viewed: 11
  • Price: $419,000
  • Price sqft: $514
  • Waterfront: Yes
  • Wateraccess: Yes
  • Year Built: 1973
  • Bldg sqft: 815
  • Bedrooms: 2
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 53

Description

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 setting 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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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Patio
  • Flooring: LuxuryVinylPlank
  • Living Area: 0.00
  • Roof: Metal
Land Information
  • Lot Features: Paved
School Information
  • High School: Arnold
  • Middle School: Surfside
  • School Elementary: Patronis
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: AdditionalParking, Paved
Eco-Communities
  • Pool Features: Community
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir
  • Heating: Central, Electric
  • Sewer: PublicSewer
  • Utilities: ElectricityAvailable
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2025
  • Trash Expense: 0.00
Other Features
  • Appliances: WasherDryerStacked, ElectricRange, ElectricWaterHeater
  • Legal Description: GULFSIDE CONDO APT 2 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841
  • Levels: Two
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Tenant
  • Parcel Number: 32256-020-000
  • Style: LowRise
  • The Range: 0.00
  • View: Gulf
  • Views: 11
Nearby Subdivisions
[no Recorded Subdiv]   Bay Point Golf Villas I   Bay Point Golf Villas Iii   Bay Point Harbour Villas   Bay Point Studio Villas Unit 2   Boardwalk Central   Dockside North   Dunes Of Panama Phase Iii   Dunes Of Panama Phase V   Emerald Park Condominium   Grand Lagoon Cove Condominium   Grande Surf Club Condo   Greenwood Estates 5   Gulf Crest Condo   Gulfside Condo.   Holiday Point   Laketown Wharf   Laketown Wharf Phase Ii   Magnolia Bay Club   Marina Club Village   Mariner West Condo   Merrimac Resort Condo Ph 1   Moondrifter   Nautical Watch Ii   Palisades Condo Ph 1   Plazas Of St.thomas I   Princess Condo   Reflections   Regency Towers   Seychelles Resort Condominium   Shade Tree Condo Ph Ii   Shores Of Panama   Shores Of Panama Phase I   Shores Of Panama Phase Ii   Sterling Beach Condo   Stingray Condo.   Sugar Beach Condo   Summerhouse Condo.   Summerhouse Of P.c. 1   Summit   Sunbird Condo   The Commodore   The Summit   Top Of The Gulf Condo.   Treasure Cove Condo.   Treasure Island Resort   Venture Out Travel Trail   Villas Of St. Thomas 1   Villas Of St. Thomas 3   Watercrest Condo   Waterhaven  
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