BEDS4
BATHS3 full 1 partial
SQUARE FEET2,798
MLS#996241
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONLAGUNA BEACH ESTATES 7TH ADDN
Property Description
OPPORTUNITY ABOUNDS ON THIS LAGUNA BEACH PROPERTY! Welcome to 209 Oleander Drive, ideally located in the heart of Panama City Beach on a spacious L-shaped lot, just steps from the sugar-white sands and emerald waters of the Gulf (less than 600 steps to the beach!). This versatile property is perfect as a primary residence, second home, or income producing short-term rental with two separate living spaces. The main house, currently owner-occupied and remodeled in 2017, features bright living spaces and a functional, open flow that is welcoming for both owners and guests. Step outside to enjoy a private outdoor area perfect for relaxing after a day at the beach or entertaining visitors. A standout feature is the 30x30 insulated workshop, offering endless possibilities. With plumbing already in place, it could easily be converted into an additional rental unit, used for a home business, or serve as storage for vehicles or a collection.The property also includes a carriage house (ADU) built in 2023, complete with a two-car garage. Over the past two years, this unit has generated $20,000 annually in short-term rental income, making it an excellent opportunity for buyers seeking immediate investment potential. The two-car garage with separate entrance also offers the option to be converted into additional rental space.Both homes include a full appliance package, tankless water heaters, walk-in showers, and smoke detectors. The property is connected to city water and sewer (no septic), with one shared water/sewer bill and two separate electric meters. Refer to upgrade list in document section.Whether you're looking for a personal beach retreat, an income-producing property, or a combination of both, this unique opportunity offers flexibility, expansion potential, ample storage, and an unbeatable location.Schedule your showing today and discover the possibilities of beach living and investment in Panama City Beach!
Property Features
Property Type: Residential - Single Family
Cooling: Central Air
Fenced: Yes
Garage: 4 car attached
Heating: Heat Pump Air To Air, Central
Home Style: Beach House
Lot Size: 0.22 Acres
Stories: 2.0
Taxes: $4,972
Year Built: 1964
Feature Descriptions
Appliances: Cooktop, Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Security System, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Tnkls
Days on Site: 53
Exterior: Balcony, Fenced Back Yard, Hurricane Shutters
Exterior: Block, Siding CmntFbrHrdBrd
Financing Terms: Conventional, VA
Flooring: Floor Vinyl
Interior: Ceiling Crwn Molding, Fireplace, Pantry
Lot Dimensions: 150 X 55 X 73 X 55
Parcel Number: 36813-000-000
Parking: Garage Detached
Patio/Porch: Patio Covered, Patio Enclosed
Property Condition: Construction Complete
Road Frontage: City Street
Road Surface: Paved
Rooms Total: 8
Security: yes
Sewer: Public Sewer
Sub Type: Detached Single Family
Utilities: Electric, Public Water, TV Cable, Underground
Window: Window Treatment All
Room Sizes
Kitchen: 17 X 10 Level - First
Breakfast Room: 19 X 10 Level - First
Primary Bathroom: 11 X 10 Level - First
Primary Bedroom: 19 X 10 Level - First
Living Room: 14 X 10 Level - First
Primary Bedroom: 15 X 13 Level - Second
Bedroom: 14 X 10 Level - Second
Laundry: 11 X 11 Level - First
Local Schools
High School: Arnold
Middle School: Surfside
Elementary School: West Bay
Listed By / Shown By
Listed By
Agency Name: Beachy Beach Real Estate
Shown By
Agency Title: Premier Property Group
Agency Phone: 850-337-1555
Estimate Your Payment
Estimated Payment
$ 3,860.43 per month $3,046.80 Principal & Interest $414.33 Property Tax $399.29 Homeowner's Insurance
209 Oleander Drive | MLS# 996241
This single family home located at 209 Oleander Drive, Panama City Beach, FL 32413 is currently listed for sale with an asking price of $1,369,000. This property was built in 1964 and has 4 bedrooms and 3 full and 1 partial baths with 2798 sq. ft. Oleander Drive is located in the LAGUNA BEACH ESTATES 7TH ADDN subdivision. Search LAGUNA BEACH ESTATES 7TH ADDN real estate on www.premierfl.com today.