Find Your Emerald Coast Home Live the Gulf Life!

LowRise

5012 Gulf Drive 2

Panama City Beach , FL 32408

MLS#: 783407

$419,000

Status: Active
Listing number: 783407
Listing provided by: LPT Realty LLC
Listing agent phone: None
Last update: 2 days ago
On site: 27 days ago
Browse Properties
Gulfside Condo. - Residential

Property

Beds

2

Full Baths

2

1/2 Baths

None

Year Built

1973

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    2

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Other Exterior Features

    Balcony

  • Parking

    Additional Parking, Paved

  • Patio and Porch Features

    Patio, Covered, Porch

  • Pool

    Yes

  • Pool Features

    Community

  • Waterfront YN

    YES

  • View

    Water

Area & Lot

  • Lot Features

    Paved, Waterfront

  • Property Type

    Residential

  • Architectural Style

    LowRise

Price

  • Sales Price

    $419,000

  • Tax Amount

    738.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Patronis

  • Middle School

    Surfside

  • High School

    Arnold

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Bay

Elementary School

Patronis

Middle School

Surfside

High School

Arnold

Listing Courtesy of Kerry J Jackson , LPT Realty LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Celeste Rustin

REALTOR®

Celeste Rustin

Call Celeste today to schedule a private showing.

(850) 238-9595

Celeste@GulfLifeGo.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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.

5012 Gulf Drive 2

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Just 350 feet from the beach, this irresistible coastal townhome invites you to live the laid-back seaside lifestyle you've been dreaming of. Sold fully furnished, turn-key, and with no HOA, it's ready for immediate enjoyment—simply arrive with your bathing suit and toothbrush. Inside, beach-cottage charm meets effortless comfort, with an open-concept living space, an oversized kitchen, and a cozy dining area perfect for relaxed gatherings after a day in the sun. The primary bedroom offers a serene retreat with generous closet space and a private balcony overlooking the backyard, while the guest bedroom features its own attached balcony for morning coffee or sunset breezes. With an additional half bath, outdoor laundry, and close proximity to sugar-white sand, dining, shopping, and local attractions, this property also shines as a highly desirable vacation rental, making it an ideal blend of personal getaway and income-producing coastal escape.
#784050

Panama City Beach

4116 Appalachee Street B

2 Beds

1 Baths

1,114 Sq.Ft.

$375,000

MLS#: 784050

Welcome to 110 N Vestavia Street, a spacious 5-bedroom, 3-bath home located on the highly sought-after West End of Panama City Beach. Known for its quieter atmosphere, wider beaches, and relaxed coastal charm, this area offers the perfect balance of tranquility and convenience. Just minutes from the sugar-white sands and emerald waters of the Gulf, this property places you close to beach access while remaining tucked away from the heavy tourist traffic. The West End is prized for its laid-back feel, scenic surroundings, and proximity to Pier Park, dining, shopping, and top local attractions—without sacrificing privacy. Inside, the generous floor plan offers flexibility for full-time living, vacation use, or investment potential, with five bedrooms providing ample space for guests or multigenerational living. Three full bathrooms enhance comfort and functionality, making this home ideal for entertaining or coastal living. Whether you're seeking a primary residence, second home, or income-producing property, this West End Panama City Beach location offers exceptional value and an unmatched coastal lifestyle.
#782783

Panama City Beach

110 N Vestavia Street

5 Beds

3 Baths

2,010 Sq.Ft.

$340,000

MLS#: 782783

2nd floor RARE 3/3 villa unit. With 7K in rental bookings for 2026 and we're just getting started with this new company! Not ONE, not TWO, but THREE gulf views from the balcony. Don't miss this rare opportunity to own one of the most desirable Villas at Edgewater Beach Resort—Panama City Beach's premier full-service resort! This beautifully maintained 3-bedroom, 3-bathroom beachfront Villa offers 1,448 sq. ft. of coastal elegance with an open and inviting layout, perfect for relaxing or entertaining. Enjoy three stunning Gulf views from the south-facing balcony, where you can take in both sunrise and sunset over the emerald waters. The Gulf-front master suite features private balcony access and a beautiful view of the gulf. While the north facing guest bedroom balcony provides a wonderful view of the private Gulf Villa's pool. Take a short walk around the pond to the resort's 9-hole, par-27 executive golf course, measuring 1,326 yards, designed by Wes Burnham and opened in 1983—a truly unique view pairing beach and golf living at its best. Located on the highly sought-after third floor, this Villa offers the ideal blend of elevated views and convenient beach access. As part of Edgewater Beach Resort, you'll enjoy world-class amenities, including: &#127958;&#65039; Direct beach access to sugar-white sands &#127796; Multiple resort-style pools and oceanfront hot tubs &#127947;&#65039;&#8205;&#9792;&#65039; Fitness center and full-service spa &#9971; 9-hole, par-27 executive golf course designed by Wes Burnham &#127934; Tennis and pickleball courts &#127865; Poolside bars, on-site restaurants, and market &#128654; Tram service for easy access throughout the resort Whether you're seeking a vacation home, primary residence, or high-performing rental property, this rare third-floor beachfront Villa combines luxury, comfort, and iconic Edgewater amenities in one exceptional coastal retreat.
#780594

Panama City Beach

520 Richard Jackson Blvd 3207

3 Beds

3 Baths

1,448 Sq.Ft.

$440,000

MLS#: 780594

Discover the ultimate beachfront lifestyle at The Boardwalk, Panama City Beach's premier resort boasting 1,700 feet of pristine Gulf frontage. This stunning 1-bedroom, 1-bath condo with a cozy bunk area offers breathtaking panoramic views from your private balcony—perfect for watching sunsets and playful dolphins. Inside, you'll find luxurious features including 4cm granite countertops, elegant crown molding, and soaring nine-foot ceilings in both the master bedroom and great room. The chic ceramic tile and cultured marble vanity enhance the sophisticated ambiance. The resort itself is packed with top-notch amenities, including a zero-edge swimming pool, Splash Zone, and the Under the Boardwalk bar and grill. Families will love the Recreation Club, while fitness enthusiasts can enjoy the gulf-front fitness center equipped with a sauna and massage therapy parlor. Additional conveniences include covered parking and a spacious sundeck. Don't miss your chance to own a slice of paradise at The Boardwalk!
#762977

Panama City Beach

9450 S Thomas Drive 1107D

1 Beds

1 Baths

745 Sq.Ft.

$390,000

MLS#: 762977

Step into luxury with this stunning 2-bedroom, 2-bath penthouse in the highly sought-after Twin Palms Resort! Perched on the 22nd floor, this unit offers unparalleled, panoramic Gulf views from its oversized, rounded balcony—one of the best views in Panama City Beach! Completely renovated, this condo features a chic, mid-century modern design with modern shiplap accent wall and sleek barn doors that add both style and character. The bathrooms are to die for, boasting luxury finishes and spa-like touches. The spacious layout surprises with more-than-expected storage and TWO owner's closets—a rare find in a condo. Offered fully furnished and rental-ready, this unit is a turnkey investment opportunity, consistently getting reservations as a successful vacation rental. The resort's prime location is perfect for family vacations—just a short walk to Walmart, Pineapple Willy's, and The Liq. Enjoy resort-style amenities, including a gulf-front pool, fitness center, and direct beach access to the sugar-white sands of the world's most beautiful beaches. Don't miss your chance to own this luxurious, penthouse retreat—whether as a dream vacation home or an incredible income-producing property! Schedule your private showing today!
#776921

Panama City Beach

10519 Front Beach Road 2201A

2 Beds

2 Baths

1,183 Sq.Ft.

$499,000

MLS#: 776921

New on site 1 day ago
Located on Westwood Beach Circle on the west end of Panama City Beach, this fully renovated property offers a strong layout and location well suited for short term rental use, a second home, or full time living. Positioned just minutes from Lake Powell and a short drive to Seaside and the beaches of Panama City Beach, the property provides easy access to both coastal and recreational amenities. Significant interior improvements include new drywall with a knockdown finish, fresh interior paint, updated baseboards, doors, and trim, and LVP flooring throughout. The remodeled kitchen features granite countertops, stainless steel appliances, and new cabinetry, and opens to a den with a wood burning fireplace. A bedroom with its own exterior entrance is located just off the den, offering a functional setup for guest privacy and rental flexibility. Additional living areas include a sunroom, dining area, and flex space that can accommodate a second seating area or additional sleeping arrangements. The laundry room offers ample storage and folding space, supporting efficient turnover and longer guest stays. The primary bathroom has been fully renovated and includes a tiled shower with glass doors, a soaker tub, and a double vanity. Major system upgrades include a new HVAC system, new water heater, and new roof. Exterior improvements include new vinyl siding, fresh sod, an outdoor shower, and a storage shed that works well as an owner's locker or for storing kayaks and beach gear. A gazebo provides a comfortable outdoor space for guests to enjoy morning coffee or evening sunsets. A detached, split level bonus space adds additional rental or guest potential, featuring a bathroom, mini fridge, and space suitable for sleeping or living furniture. With multiple living zones, extensive updates, and a desirable west end location near Lake Powell, Seaside, and Panama City Beach, this property offers a versatile opportunity for buyers seeking a short term rental or coastal retreat. Call a REALTOR® today to schedule a private tour. If important, please verify all measurements and information.
#784655

Panama City Beach

745 Westwood Beach Circle

4 Beds

2 Baths

1,568 Sq.Ft.

$409,000

MLS#: 784655

New on site 1 day ago
NO RENTAL RESTRICTIONS!!! Our stunning pool is NOW OPEN! The prefect place to SOAK UP THAT Florida SUN! Seagate at Clara is a new townhome community nestled in the vibrant city of Panama City Beach, FL. This two-story unit features board and batten exterior and covered entries. One car garage provides a great space for storing beach essentials. This open concept townhome boasts a stylish kitchen with white cabinets, tile backsplash, a large island with quartz counter tops - perfect for entertaining. The elegant Owners Suite is designed with comfort in mind showcasing a large walk in closet and double- bowl vanities. Main Bath has tiled shower. All bathrooms have quartz countertops. LVP is located throughout the home. The community pool features a cabana, lounging, seating and grilling stations. This community has a dedicated dog park. Seagate at Clara is in a prime location, approximately 1.4 miles to the sandy beaches and just minutes from Pier Park.
#784667

Panama City Beach

315 Cyan Lane 32

3 Beds

2 Baths

1,513 Sq.Ft.

$399,530

MLS#: 784667

Back on market through no fault of seller - Turnkey Beachside Short-Term Rental - West End Panama City Beach NEW pool and updates were added last summer. Just steps from the sugar-white sands of Panama City Beach's coveted West End, this beautifully updated 3-bed, 2-bath block home is a proven income generator, bringing in over $53,000 annually before the brand-new pool was added. Located in the highly desirable Laguna Beach community—only a short stroll to the famous Thomas Donuts—this property offers vacationers the perfect blend of comfort, convenience, and coastal charm. Inside, you'll find fresh updates and over $6,000 in brand-new furnishings (not yet shown in photos) that elevate the guest experience. Outside, the new pool transforms the backyard into a private resort, making this an even more attractive year-round rental. Whether you're expanding your investment portfolio or diving into the short-term rental market for the first time, this fully furnished, turnkey property is ready to start earning for you from day one.
#777443

Panama City Beach

214 Placido Place

3 Beds

2 Baths

1,100 Sq.Ft.

$425,000

MLS#: 777443

New on site 1 day ago
NO RENTAL RESTRICTIONS!!! Our stunning pool is NOW OPEN! The prefect place to SOAK UP THAT Florida SUN! Seagate at Clara is a new townhome community nestled in the vibrant city of Panama City Beach, FL. This two-story unit features board and batten exterior and covered entries. One car garage provides a great space for storing beach essentials. This open concept townhome boasts a stylish kitchen with white cabinets, tile backsplash, a large island with quartz counter tops - perfect for entertaining. The elegant Owners Suite is designed with comfort in mind showcasing a large walk in closet and double- bowl vanities. Main Bath has tiled shower. All bathrooms have quartz countertops. LVP is located throughout the home. The community pool features a cabana, lounging, seating and grilling stations. This community has a dedicated dog park. Seagate at Clara is in a prime location, approximately 1.4 miles to the sandy beaches and just minutes from Pier Park.
#784668

Panama City Beach

311 Cyan Lane 30

3 Beds

2 Baths

1,513 Sq.Ft.

$383,530

MLS#: 784668

New on site 1 day ago
Good luck finding another one like this, because there isn't. This truly one-of-a-kind beach townhome stands out in the neighborhood with features that are almost impossible to replicate. Offering a main-level master bedroom with a full bath, four dedicated parking spaces, and only two units in the entire building, this home delivers privacy and functionality rarely found near the beach. With no neighbors behind you and no future changes allowed without owner approval, you'll always enjoy uninterrupted views of Florida's natural beauty. This 3-bedroom, 2-bath beach home is just a 5-minute walk to the sand and comes fully furnished and rental-ready. Thoughtful updates include quartz countertops, LVP flooring throughout, a newer sliding glass door, and a new roof installed in 2021, offering peace of mind for years to come. Short-term rentals are allowed with strong ROI potential, making this an excellent investment or second home. Wake up to birds singing, unwind in total privacy, and enjoy the comfort of a place that truly feels like home. VA and FHA approved. Schedule your showing today, homes like this don't come around twice... LOW HOA fees include: 11 pools(5 heated), pickleball, shuffleboards, water-front restaurant & pool, mini golf, exercise room, tennis courts, playground, WIFI, pest control, termite bond, trash, ground keeping, property patrol, gated community and more. Note, A new irrigation system was recently installed by the HOA around the property, and new sod will follow per HOA.
#784662

Panama City Beach

102 White Sandy Drive

3 Beds

2 Baths

1,536 Sq.Ft.

$390,000

MLS#: 784662

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service