About This Home

This 4-bedroom, 2-bathroom multi-family at 5220 Beach Drive in Panama City, FL is listed for $589,999 ($479 per sqft). Built in 1972, the home offers 1,232 sqft of living space on a 0.14 acres lot.

Key Features

  • Built in 1972
  • 0.14 acre lot

Property Details

1 story
2 full
1972

Amenities

A/C
Listing Description

Experience coastal living at its best with this beautifully maintained duplex just steps from Beach Access #5 and the stunning sugar-white shoreline along the Gulf. Offering a total of four bedrooms and two full baths, the property is configured as two private residences, each featuring two bedrooms and one bathroom, creating an excellent flexibility for personal use, vacation rentals, or long-term tenants.

Perfect for those seeking an income-producing property or a beach getaway with added earning potential, this fully furnished duplex is move-in and rental ready from Day One. Outside, the enclosed backyard offers a private setting ideal for pets, entertaining, or unwinding after a day at the beach, while the outdoor fire pit creates a welcoming atmosphere for evening gatherings.

Located in a highly sought-after beach community, this property presents an outstanding opportunity for investors and second-home buyers alike. Occupy one side while generating revenue from the other or maximize returns by leasing both units. Opportunities like this are rare in such a prime coastal location. All measurements, details, and information should be verified by buyer and/or buyer's representative.

Monthly Cost Estimate

$3,155/mo

20% down · 6.5% · 30 years

Principal$427
Interest$2,557
Insurance$172

Estimates only. Actual payments may vary.

Location

5220 Beach Drive

Panama City, FL 32408

Biltmore Beach

Features & Amenities

Exterior Features

BarbecueOutdoorShower

Property Details

Construction

Block

Heating

CentralElectric (Heating)

Cooling

Central Air

Appliances

ElectricRangeElectricWaterHeater

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 5220 Beach Drive is listed at $589,999 ($479/sqft). The estimated monthly payment is $3,155 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1972, 0.14 acre lot. Exterior Features: Barbecue, OutdoorShower.

This property is listed by Scott Roberts.

SR

Scott Roberts

License sl3417225

Agent at The K Company Realty LLC dba LoKation®

Listed by The K Company Realty LLC dba LoKation® · Broker phone: (954) 232-5785 · View on Broker Site · Broker website

MLS# 790852· Source: Central Panhandle Association of REALTORS· 146 days on PropertySimple

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5220 Beach Drive, Panama City, FL 32408

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