$7,570 Closing Credit¹
#756259, Listing Office: Beachy Beach Real Estate
$637,500 List price
5928 Beach Dr Panama City Beach, FL 32408
$7,570
Closing credit¹
5 beds
3 full
1,963 sqft
0.1 acres
$325 / sqft
House
Property details
About 5928 Beach Dr
Proven Income-Generating Gem: Investors Dream in Panama City Beach! Turnkey High-Earning Vacation Rental - Prime Opportunity! This 5-bedroom, 3-bathroom, single-story home is a proven cash-flow powerhouse! With a 2023 gross rental income of $93,000 and 2024 on track for similar success, this property outperforms projections year after year. Fully turnkey, it conveys all updated furnishings, décor (refreshed in 2023), and smart home features, including digital thermostats and exterior cameras. Whether youre a seasoned investor or a first-time buyer, this property is set up for seamless management and maximum occupancy, comfortably accommodating up to 12 guests. Exceptional Features Designed for High Demand Guest-Friendly Layout: Single-story home with zero stairs, tile flooring throughout, vaulted ceilings, and stainless steel appliances. Entertainment Spaces: Two enclosed porches, multiple dining areas, and a private backyard with a fire pit, BBQ grill, and plenty of room for outdoor fun. Enhanced Amenities: Pet-friendly backyard, outdoor shower, a spacious laundry/utility room with a second refrigerator, and ample parking for guests. Group-Friendly Design: Two King en-suites (one with patio access), two Queen bedrooms, and a double bunk bedroom ensure privacy and comfort for families or group bookings. Prime Location for Year-Round Bookings Known as Pelican Paradise on Airbnb, this rental boasts 65 reviews with a 4.62-star average rating. Located just blocks from a public boat ramp, its perfect for water enthusiasts bringing boats or jet skis. Public beach access is nearby, with Rick Seltzer Beach Park and St. Andrews State Park just a mile away. Local dining, entertainment, and golf are within a two-mile radius, making this property an in-demand destination for vacationers. This is your chance to own a high-performing, low-maintenance investment property in the heart of Panama City Beachs vacation rental market. Dont waitcontact your real estate agent today to schedule a showing or request more details! Note: Buyer to verify all measurements and any information deemed important.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size1,963 sqft
Lot size0.14 Acres
Year built1997
MLS #951651
Summary
- MLS Number: 951651
- MLS Name: Emerald Coast Association of REALTORS®
- Office Name: Beachy Beach Real Estate
- Office Email: karen@beachybeach.com
- Listing Agent: Karen K Smith
Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 11:50:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$637,500
5928 Beach Dr
$7,570
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 08, 2022 | Home Sold | $700,000 |
| Feb 10, 2021 | Home Sold | $347,500 |
| Jan 21, 2014 | Home Sold | $157,800 |
| Oct 04, 2013 | Home Sold | $65,900 |
| Apr 21, 2005 | Home Sold | $159,900 |
| Oct 11, 2004 | Home Sold | $222,000 |
| Apr 02, 1998 | Home Sold | $192,000 |
| Jun 20, 1997 | Home Sold | $11,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $382,792 | $4,825 |
| 2022 | $319,452 | $3,734 |
| 2021 | $289,791 | $3,734 |
| 2020 | $185,528 | $2,297 |
| 2018 | $167,210 | $2,132 |
| 2017 | $164,692 | $2,115 |
History based on county public records data.
Nearby schools
7
Patronis Elementary School
Public District KG-5
1.5 mi
•7400 Patronis Dr
5
Lucille Moore Elementary School
Public District PK-5
4.0 mi
•1900 Michigan Ave
1
St. Andrew School at Oakland Terrace
Public District PK-5
4.4 mi
•2010 W 12th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,841. The most common annual income of people living in Panama City Beach, FL is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
40%
<35k
52%
35k-100k
5%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
57%
Single, No Kids
7%
Single, with Kids
22%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
6%
12-17 yrs old
27%
18-34 yrs old
47%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Soccer
Pro Boxing
Hiking/backpacking
Where do the neighbors shop?
Forever 21
Burlington
Nordstrom Rack
Where do the neighbors go to eat?
Dominos Pizza
Popeyes
Chipotle
What do the neighbors drive?
Mazda
Dodge
Oldsmobile
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5928 Beach Dr
This home is located at 5928 Beach Dr in Panama City Beach, FL and zip code 32408 in the Biltmore Beach neighborhood. This 1,963 square foot home, which was built in 1997, sits on a 0.14 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 6, 2024 and is currently priced at $637,500.
Over 5 listings were sold over their listed price in February 2025 in Panama City Beach, FL. In the same period over 98 listings were sold below the listed price and 36 listings were sold for the listed price. The number of listings in Panama City Beach, FL increased by 6.1% between January and February 2025. Listings spent 87 days on the market in February 2025, and had a median list price of $337,016 during the same period.
From Rocket Homes Real Estate and based on county public records data.