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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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21104 S Lakeview Dr , Panama City Beach, FL 32413
$674,900
Est. Payment: $3,728.73/mo
4 Bed
2 Bath
2144 Sqft
Status: Active | Days on site: 181
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Harrison Lilly Team
Owner/Operator

House Description

Investment opportunity in the desirable Gulf Vista community on the west end of Panama City Beach! This fully occupied duplex offers immediate rental income and exceptional future potential. Situated on a large lot with room to expand, add additional improvements, or create enhanced outdoor living spaces, this property offers flexibility that goes beyond a typical duplex investment. Ideal for an owner-occupant looking to offset expenses by living in one unit while generating income from the other, this property presents a rare opportunity in a highly sought-after coastal location. One standout feature of this location is its proximity to the secluded beach access at the south end of Lakeview Drive--an undeveloped stretch of coastline with no homes built directly on the beach, offering a more natural, quiet, and uncrowded beach experience that is increasingly hard to find. BOTH UNITS NOW FEATURE FRESH INTERIOR PAINT AND BRAND NEW CARPET. Each unit features a functional two-bedroom, one-bath layout with numerous updates over the years, including new windows in 2018 and renovations completed in 2021. Unit 21106 received a new water heater in 2025. In 2026, Unit 21104 was further improved with an updated bathroom, new kitchen flooring, and updated appliances, including a washer, dishwasher, range, and hood. Positioned on the west end of Panama City Beach, this property offers convenient access to the dining, shopping, and charm of 30A to the west and Pier Park to the east. New hot water heater installed in 21106 in 2025. In 2026, Unit 21104 was further improved with new carpet, fresh interior paint, an updated bathroom, and updated kitchen flooring, along with washer, dishwasher, range, and hood, featuring white appliances. Unit 21104 includes stainless steel appliances, washer and dryer, interior paint, a remodeled bathroom, water heater, carpet, and a rocked backyard with an 8'x10' storage shed. Positioned on the west end of Panama City Beach, this property enjoys convenient access to the dining, shopping, and charm of Scenic Highway 30A, while still being just a short drive to Pier Park to the east--offering the best of both lifestyles. With vacation rentals restricted per deed, this property is well-suited for stable, long-term rental income while still benefiting from a highly desirable coastal location.

Highlights

Listed by Tami Moats , 850-381-6423 and Alexandra K Maddox , 850-238-6168 The Premier Property Group Seacrest Office , 850-213-5000. Emerald Coast Multiple Listing Services

Property Type

Condo/Townhome

Year Built

1994

County

Bay

Area

27 - Bay County

Neighborhood

Gulf Vista Sec 3

Listing ID

999673

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
Air Cond:Ceiling Fans,Central Air
Fireplaces:
Floor:Floor Vinyl,Floor WW Carpet
Other:
  • ▪ Additional:Newly Painted, Washer/Dryer Hookup

Exterior Features

Lot:Within 1/2 Mile to Water
Lot Dimensions:140x80
Zoning:Resid Multi-Family
Others:
  • ▪ Additional:Yard Building, Fenced Lot-Part, Fenced Privacy
Sewer:Septic Tank
Principal Interest
$3,729
Taxes
$467

Home Price

$674,900

Loan Details

30 yrs
7.374%

Down Payment

20%
$134,980
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Monthly Price:
$3,728.73

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,728.73 $466.93 $0.00 $4,195.66
Yearly $44,744.70 $5,603.17 $0.00 $50,347.87
Total $1,342,341.10 $168,095.10 $0.00 $1,510,436.20

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T04:14:31.000Z

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