Address
209 Oleander Drive, Panama City Beach, FL
Price
$ 1,225,000
Property Attributes
- MLS#996241
- TypeSingle Family
- Listing Status Pending
- CountyBay
- CityPanama City Beach
- AreaBay County
- NeighborhoodLAGUNA BEACH ESTATES 7TH ADDN
- Zip32413
- StyleBeach House
- Year Built1964
- Taxes$ 4972
- Price$ 1,225,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms1
- Sqr Footage2798
- Lot Size0.22 Acres
Data Source:
Emerald Coast MLS (ECAR)
Property Description
OPPORTUNITY ABOUNDS ON THIS LAGUNA BEACH PROPERTY! Welcome to 209 Oleander Drive, ideally located in the heart of Panama City Beach on a spacious L-shaped lot, just steps from the sugar-white sands and emerald waters of the Gulf (less than 600 steps to the beach!). This versatile property is perfect as a primary residence, second home, or income producing long or short-term rental with two separate living spaces. The main house, currently owner-occupied and remodeled in 2017, features bright living spaces and a functional, open flow that is welcoming for both owners and guests. Step outside to enjoy a private outdoor area perfect for relaxing after a day at the beach or entertaining visitors. A standout feature is the 30x30 insulated workshop, offering endless possibilities. With plumbing already in place, it could easily be converted into an additional rental unit, used for a home business, or serve as storage for vehicles or a collection. The property also includes a carriage house (ADU) built in 2023, complete with a two-car garage. Over the past two years, this unit has generated $20,000 annually in short-term rental income, making it an excellent opportunity for buyers seeking immediate investment potential. The two-car garage with separate entrance also offers the option to be converted into additional rental space. Both homes include a full appliance package, tankless water heaters, walk-in showers, and smoke detectors. The property is connected to city water and sewer (no septic), with one shared water/sewer bill and two separate electric meters. Refer to upgrade list in document section. Whether you're looking for a personal beach retreat, an income-producing property, or a combination of both, this unique opportunity offers flexibility, expansion potential, ample storage, and an unbeatable location. Schedule your showing today and discover the possibilities of beach living and investment in Panama City Beach!
| Elementary School | Middle School | High School |
|---|---|---|
| West Bay Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 5/22/2026 | Listed $1,325,000 |
| 6/10/2026 | Listed $1,320,000 |
| 6/18/2026 | 2$1,299,000 |
| 7/31/2026 | 2$1,279,000 |
| 8/4/2026 | Listed $1,275,000 |
| 8/15/2026 | 4$1,225,000 |
General Features
| Utilities | Electric,Public Water,TV Cable,Underground |
|---|---|
| Zoning | Resid Multi-Family |
| Property Subtype | Detached Single Family |
| County | Bay |
| Property Type | Residential |
| Subdivision Name | LAGUNA BEACH ESTATES 7TH ADDN |
| Status | Pending |
| Buyer Financing | Conventional,VA |
| Directions | Follow US-98 W to Oleander Dr in Laguna Beach |
| High School | Arnold |
| City | Panama City Beach |
| MLS Area | 27 - Bay County |
| Lot Size Units | Acres |
| Lot Size Square Feet | 9583.2 |
| Elementary School | West Bay |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 2724 - Beach - West Central |
| Standard Status | Pending |
| Sewer | Public Sewer |
| Heating | Heat Pump Air To Air,Central |
| Cooling | Central Air |
| Garage Spaces | 4 |
| Patio/Porch Features | Patio Covered,Patio Enclosed |
| Architectural Style | Beach House |
| Construction Materials | Block,Siding CmntFbrHrdBrd |
| Year Built | 1964 |
| Stories Count | 2 |
| Tax Year | 2025 |
| New Construction | false |
| Attached Garage | true |
| Total Rooms | 8 |
| Carport Y/N | false |
| Property Condition | Construction Complete |
Interior Features
| Total Baths | 4 |
|---|---|
| Interior Amenities | Ceiling Crwn Molding,Fireplace,Pantry |
| Flooring | Floor Vinyl |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | Window Treatment All |
| Furnished Y/N | Furnished - None |
Exterior Features
| Lot Size Area | 0.22 |
|---|---|
| Lot Dimensions | 150 X 55 X 73 X 55 |
| Lot Size Acres | 0.22 |
| Road Surface Type | Paved |
| Road Frontage Type | City Street |
| Exterior Amenities | Balcony,Fenced Back Yard,Hurricane Shutters |
| Building Area Total | 2798 |
| Parking Features | Garage Detached |
| Total Parking | 4 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32413
Price
Taxes
Year Built
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The 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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
