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Harrison Lilly Team

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

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509 Pinetree Drive A & B , Panama City Beach, FL 32413
$279,997
Est. Payment: $1,546.94/mo
3 Bed
3 Bath
2228 Sqft
0.24 Acres
Status: Active | Days on site: 7
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SMR - B1463
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Harrison Lilly Team
Owner/Operator

House Description

INVESTOR'S DREAM on the highly desirable west end of Panama City Beach! This unique property offers TWO separate units on a double lot, creating multiple opportunities for the savvy investor. Utilize the existing units as short-term vacation rentals, generate steady income with long-term rentals, or explore the potential to finish the downstairs garage area to create additional usable space and increase the property's income potential. Looking for a larger redevelopment opportunity? Take advantage of the double lot and explore the possibility of removing the existing structures and building brand-new construction. With its west-end location near 30A and the beaches, this property offers flexibility that's increasingly hard to find in Panama City Beach. Whether you're looking for STR potential, long-term rental income, a value-add project, or a future new-build opportunity, 509 Pinetree Drive gives you multiple ways to make the property work for your investment strategy. Bring your vision and take advantage of this rare west-end opportunity!

Highlights

Listed by Kyle C Ballif , 850-610-1555 Salty Marlin Realty LLC , 850-615-2406. Bay County Association of REALTORS

Property Type

Condo/Townhome

Lot/Acreage
0.24

Year Built

1993

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Inlet Beach Heights

Listing ID

796030

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3

Exterior Features

Lot Dimensions:100.0 ft x 105.0 ft
Roof:Asphalt
Principal Interest
$1,547
Taxes
$389

Home Price

$279,997

Loan Details

30 yrs
7.374%

Down Payment

20%
$55,999
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:
$1,546.94

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,546.94 $389.31 $0.00 $1,936.26
Yearly $18,563.32 $4,671.75 $0.00 $23,235.07
Total $556,899.51 $140,152.50 $0.00 $697,052.01

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: 2026-10-07T08:26:25.000Z

© 2026 Bay County Association of REALTORS