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Harrison Lilly

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

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21506 Dolphin Ave , Panama City Beach, FL 32413
$575,000
Est. Payment: $2,916.29/mo
3 Bed
2 Bath
1528 Sqft
Status: active with contingency | Days on site: 20
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS-Projected to gross over $80,000 in 2026, this exceptional West End vacation rental is a proven income-producing property--and one of the few homes in the area featuring a private pool! With over $72,000 in rental income in 2025, a brand-new roof, and a prime Panama City Beach location, this turnkey investment is ready to start generating returns from day one. Ideally situated on the highly desirable West End of Panama City Beach, guests love the easy access to the sugar-white sand beaches, local restaurants, shopping, and popular attractions. Inside, the home offers new luxury vinyl plank flooring throughout the living areas and three bedrooms, plus an additional flexible sleeping space to maximize occupancy and rental potential. Step outside to your own private, screened-in pool--an amenity that sets this property apart in an area where homes with pools are rare and highly sought after. The garage has been thoughtfully converted into a fourth bedroom while still providing a separate storage area and can easily be converted back to a garage if desired. Whether you're looking to expand your investment portfolio or own your own piece of paradise with outstanding income potential, this property checks all the boxes. Schedule your private showing today and discover why this is one of the West End's standout vacation rental opportunities.

Highlights

Listed by Carrie W Redd , 850-866-6410 and Stephanie Frimet , 850-814-3781 Beachy Beach Real Estate , 850-233-4351. Bay County Association of REALTORS

Property Type

Residential

Lot/Acreage
0.13

Year Built

1997

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Riviera Beach

Listing ID

792882

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Electric Range, Electric Water Heater
Air Cond:Central Air,Ceiling Fan(s)
Fireplaces:
Other:
  • Additional:Main Level Primary, Tub Shower, Walk-In Closet(s)

Exterior Features

Lot:Paved
Lot Dimensions:50.0 ft x 110.0 ft
Roof:Shingle
Principal Interest
$2,916
Taxes
$367

Home Price

$575,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$115,000
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:
$2,916.29

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,916.29 $366.56 $0.00 $3,282.85
Yearly $34,995.50 $4,398.75 $0.00 $39,394.25
Total $1,049,864.94 $131,962.50 $0.00 $1,181,827.44

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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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: 2026-08-20T06:33:19.000Z

© 2026 Bay County Association of REALTORS