2-5012 Gulf Drive, Panama City, FL

Name: 2 - 5012 Gulf Drive, For Sale in Panama City - eXp Realty
Brand: lpt realty llc
SKU: 783407
Price: 419000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$419,000

220

MLS® 783407

Key Facts
Description
Rooms
Map

Key Facts

Type Condominium

Levels Residential

Size -

Garage No

HOA Fees

Taxes $738

Days Active 2

Approx. Age 1973

MLS® Number 783407

Property Address: 2-5012 Gulf Drive, Panama City, FL, 32408

Average square foot calculated using Size range provided by listing agent.

Description

OPEN HOUSE THIS SATURDAY & SUNDAY JAN 10TH & 11TH 2026 FROM 1 -4PM -Rare opportunity to own an updated ground floor 2 bedroom 2 bath beachside condo directly across from a wide paved PUBLIC BEACH ACCESS! Or all ! Simply walk out your front door and you are less than 60 feet from the sand, making this unit extremely attractive for short term rentals and personal use alike. NO HOA but shared access and maintenance agreement between 4 units. Short term rentals allowed. Large private deck and pool on site. These units are truly a one of a kind opportunity! This ground floor layout is exactly what renters want and owners appreciate, offering easy access with no stairs and immediate proximity to the beach. Located at the end of a quiet cul de sac with no thru traffic, the setting provides a rare balance of privacy and convenience that consistently drives strong rental demand. The unit features updated LVP flooring with upgraded rubber backing, a functional and efficient layout, and durable finishes designed for low maintenance ownership. The building has seen major improvements including solid all brick construction with dual layers of elastomeric stucco and paint, a 2024 standing seam metal roof, updated windows and doors, and water heaters replaced in 2021. Two assigned parking spaces convey with the unit. Walkable to popular beachfront dining including Schooners and positioned directly across from one of the widest public beach access points in PCB. Updated ground floor condos this close to the beach with no HOA, rental flexibility, and a community pool rarely come available. Ideal for investors looking to scale a beach rental portfolio in one location or buyers seeking a simple, low hassle beach property they can actually use and enjoy. Units #1, #3, and #4 are currently also listed for sale, offering an investor the unique opportunity to acquire the entire building.

MLS® Number783407

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelStacked

Exposure

Exterior

GarageNo

Approx. Age1973

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Jan 9, 2026List Date

$419,000List Price

Commute

Commute

Starting Address

Destination Address

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