5012 Gulf DR #2 Panama City, FL 32408

UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 815 sqft
Price per Sqft $514
Subdivision Gulfside Condo.
MLS Listing ID 783407
Style Low Rise
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1973
Annual Tax Amount $738
Tax Year 2025
Property Sub-Type Condominium
Property Description
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.
Location
State FL
County Bay
Community Pool, Community Pool, Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Heating Central, Electric
Cooling Central Air
Flooring Luxury Vinyl Plank
Fireplace No
Appliance Washer/Dryer Stacked, Electric Range, Electric Water Heater
Laundry Stacked
Exterior
Exterior Feature Patio
Parking Features Additional Parking, Paved
Pool Community
Community Features Pool, Community Pool, Short Term Rental Allowed
Utilities Available Electricity Available
View Y/N Yes
View Gulf
Porch Balcony, Covered, Patio, Porch
Private Pool No
Building
Lot Description Paved
Story 2
Entry Level Two
Sewer Public Sewer
Architectural Style Low Rise
Level or Stories Two
New Construction No
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 32256-020-000
Special Listing Condition Listed As-Is
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