Extremely successful cash-flowing short-term rental in a neighborhood that allows STR. This newly remodeled Laguna Beach property situated in the highly desirable west Panama City Beach, just 2.5 blocks from the Gulf! 4-minute short distance or a 1-minute golf car ride. This one-of-a-kind property boasts two separate income approaches, maximizing returns. The front is an adorable guest quarters that is a 2 bedroom and 1 bath, excellent for accommodating in-laws, or generating rental income. Complete with a master suite, living room, open kitchen/dining area, bunkbed room, additional sleeping space including a loft area, it has the option to come fully furnished. The second living area is a spacious 3-bedroom, 1-bathroom mobile home featuring attractive vinyl flooring throughout, an open floor plan, new electrical, new HVAC, septic system pumped 4/4/2025, new insulation, and a bonus room. Outside, enjoy a fantastic lookout deck atop the home. Situated on a generous 50x100 lot on a dead-end street (no pass-through traffic). Mini Splits have been added 8/2026. Golfcart and furniture are included, making this a turn-key investment.