$8,074 Closing Credit¹
Listing Office: EXP Realty LLC
$7,927
closing credit¹
5928 Beach Dr Panama City Beach, FL 32408
$667,500 List price
$7,927
Closing credit¹
5 beds
3 full
1,963 sqft
0.1 acres
$340 / sqft
House
Property details
About 5928 Beach Dr
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Income-Generating Gem: Investor's Dream in Panama City Beach! Turnkey High-Earning Vacation Rental - Prime Opportunity! Seller is generously offering concessions towards furniture or decor upgrades!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, decor (refreshed in 2023), and smart home features, including digital thermostats and exterior cameras. Whether you're 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 DemandGuest-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 BookingsKnown 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, it's 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.Added Value for Buyers: The motivated seller is offering $800 toward a home warranty at closing, providing peace of mind for the next owner.This is your chance to own a high-performing, low-maintenance investment property in the heart of Panama City Beach's vacation rental market. Don't wait--contact 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
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
CoolingCentral Air, Ceiling Fan(s)
Size1,963 sqft
Lot size0.14 Acres
Year built1997
ParkingDriveway, Open, Paved
MLS #756259
FireplaceOutside
Summary
- MLS Number: 756259
- MLS Name: BCAR
- Office Name: Beachy Beach Real Estate
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively 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. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© 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: 1/31/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$667,500
5928 Beach Dr
$7,927
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
3
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. Typical income of Panama City Beach, FL residents is between $35k-100k annually. Most families are 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 April 27, 2024 and is currently priced at $667,500.
In December 2024 more than 11 listings in Panama City Beach, FL were sold above the asking price. During the same period more than 39 listings were sold at asking price, while more than 146 were sold below. The number of homes for sale in Panama City Beach, FL decreased by 1.4% between November and December 2024. Listings spent 79 days on the market in December 2024, and had a median list price of $339,456 during the same period.
From Rocket Homes Real Estate and based on county public records data.