Listing Courtesy Of: Beachy Beach Real Estate, Karen Smith

Local Realty Services Provided By: Keller Williams Success Realty

Overview

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5928 Beach Drive, Panama City Beach, FL 32408

5 Beds

3 Baths

sq ft

5928 Beach Drive, Panama City Beach, FL 32408

Estimation provided by Keller Williams Realty Inc.

5 Beds

3 Baths

sq ft

Active

For Sale

Open House:

See More Open House Schedules

Property Description

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Proven Income-Generating Gem: Investor's Dream in Panama City Beach! Turnkey High-Earning Vacation Rental - Prime Opportunity!

This 5-bedroom, 3-bathroom, single-story home is a proven cash-flow powerhouse! With a 2023 gross rental income of $93,000 and 2024 on track for similar success, this property outperforms projections year after year. Fully turnkey, it conveys all updated furnishings, décor (refreshed in 2023), and smart home features, including digital thermostats and exterior cameras. Whether you're a seasoned investor or a first-time buyer, this property is set up for seamless management and maximum occupancy, comfortably accommodating up to 12 guests. Exceptional Features Designed for High Demand
  "  Guest-Friendly Layout: Single-story home with zero stairs, tile flooring throughout, vaulted ceilings, and stainless steel appliances.
  "  Entertainment Spaces: Two enclosed porches, multiple dining areas, and a private backyard with a fire pit, BBQ grill, and plenty of room for outdoor fun.
  "  Enhanced Amenities: Pet-friendly backyard, outdoor shower, a spacious laundry/utility room with a second refrigerator, and ample parking for guests.
  "  Group-Friendly Design: Two King en-suites (one with patio access), two Queen bedrooms, and a double bunk bedroom ensure privacy and comfort for families or group bookings.

Prime Location for Year-Round Bookings

Known as "Pelican Paradise" on Airbnb, this rental boasts 65 reviews with a 4.62-star average rating. Located just blocks from a public boat ramp, it's perfect for water enthusiasts bringing boats or jet skis. Public beach access is nearby, with Rick Seltzer Beach Park and St. Andrews State Park just a mile away. Local dining, entertainment, and golf are within a two-mile radius, making this property an in-demand destination for vacationers.

This is your chance to own a high-performing, low-maintenance investment property in the heart of Panama City Beach's vacation rental market. Don't waitcontact your real estate agent today to schedule a showing or request more details!

Note: Buyer to verify all measurements and any information deemed important.

Property Details

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Overview

Property Type

Detached Single Family

Property Size

sq ft

Year Built

1997

Days on Site

298 Days

HVAC

Central, Central Air

Parking

Sabina Balch at Keller Williams Success Realty

Sabina Balch

Keller Williams Success Realty

3561403

[email protected]

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Activity History

VIEWS

SAVES

Data provided by Keller Williams Realty, Inc.

Upcoming Open Houses

No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.

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Purchase Price

Purchase price has been changed to something other than the currently listed price.

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Price & Tax History

Date

Event

Price

1741956632000

Price Decrease

(- )

1740688202000

Price Decrease

(- )

1740277808000

Price Decrease

(- )

1739551198000

Price Decrease

(- )

1739025605000

Price Decrease

(- )

1738281600000

Listed

(+ )

1737738959000

Price Decrease

(- )

1736196013000

Price Decrease

(- )

1733886020000

Price Decrease

(- )

1729530600000

Price Decrease

(- )

1667520000000

Sold

(+ )

1612828800000

Sold

(+ )

1389916800000

Sold

(+ )

1380153600000

Sold

(+ )

1350259200000

Sold

(+ )

1336089600000

Sold

(- )

1096848000000

Sold

Year

Property Tax

Assessed Value

Assessed Value is a combination of the land and additions.

2023

(+ )

Land 156,800 + Additions 225,992

2021

(+ )

Land 83,594 + Additions 206,197

2020

(+ )

Land 62,426 + Additions 123,102

2019

(+ )

Land 51,548 + Additions 124,356

2018

(+ )

Land 41,600 + Additions 125,610

2017

Land 37,828 + Additions 126,864

The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.