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Harrison Lilly Team

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

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5012 Gulf Drive 1-4 , Panama City Beach, FL 32408
$1,599,999
Est. Payment: $8,839.76/mo
10 Bed
8 Bath
3500 Sqft
0.13 Acres
Status: Active | Days on site: 157
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LPTR - B7692
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Harrison Lilly Team
Owner/Operator

House Description

60 FEET FROM BEACH ACCESS | RARE QUAD-PLEX PACKAGE WITH HUGE VACATION RENTAL INCOME POTENTIAL! Located approximately 60 feet from a wide paved public beach access, this extremely rare four unit beachside complex offers a unique opportunity to own a 2 story entire ground level quadplex at the end of a quiet cul de sac with no thru traffic. The direct proximity to beach access combined with the low density setting creates strong and consistent short term rental demand in Panama City Beach. The property consists of four ground floor units totaling approximately 3,500 square feet with 10 bedrooms and 8 bathrooms across the complex and is situated on approximately 0.13 acres. Unit 1 and Unit 3 are each 3 bedroom 2 bath units of approximately 935 square feet, while Unit 2 and Unit 4 are each 2 bedroom 2 bath units of approximately 815 square feet. The property includes a shared community pool. There is no HOA and short term rentals are allowed. The entire complex is being offered fully furnished and turnkey, allowing a new owner to begin generating rental income immediately upon closing while capturing peak revenue as the Panama City Beach spring and summer seasons approach. The units offer functional layouts, durable finishes, and ground floor access that renters consistently prefer. Major building improvements have already been completed including solid all brick construction with dual layers of elastomeric stucco and paint, a 2024 standing seam metal roof w new truss system and hurricane clips, updated windows and doors, HVAC and water heaters replaced . Ownership of the entire complex provides FULL control of the building and common areas, allowing a buyer to establish access, usage, and management standards that align with their investment strategy. The seller has prepared rental projections estimating gross annual income potential in the range of approximately $200,000 to $225,000 when operated as short term rentals, and rental projections are estimates and not guaranteed. Previous numbers are available under a contingency. Quadplexes offering direct beach access, no HOA restrictions, rental flexibility, and scale potential rarely come available as a single acquisition in this location. Assets with this level of location, scale, and rental flexibility do not stay available long. Call your favorite agent today to schedule a showing and learn more about this STR quadplex opportunity in Panama City Beach, FL!

Highlights

Listed by Kerry J Jackson , 850-960-8646 LPT Realty LLC , 877-366-2213. Bay County Association of REALTORS

Property Type

Condo/Townhome

Lot/Acreage
0.13

Year Built

1973

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Gulfside Condo.

Listing ID

783708

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:10
  • ▪ Bathrooms:8
  • ▪ Full Bathrooms:8
Appliances:Washer/Dryer Stacked, Electric Range, Electric Water Heater
Air Cond:Central Air
Fireplaces:
Other:
  • ▪ Additional:Main Level Primary

Exterior Features

Lot:Paved
Lot Dimensions:110x80
Roof:Metal
Others:
  • ▪ Additional:Patio
Sewer:Public Sewer
Parking Features:Additional Parking,Paved
Principal Interest
$8,840
Taxes
$1,020

Home Price

$1,599,999

Loan Details

30 yrs
7.374%

Down Payment

20%
$320,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,839.76

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,839.76 $1,020.00 $0.00 $9,859.76
Yearly $106,077.17 $12,239.99 $0.00 $118,317.16
Total $3,182,315.04 $367,199.77 $0.00 $3,549,514.82

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 Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T03:46:57.000Z

© 2026 Bay County Association of REALTORS