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$799,000 Sale Pending

  • For Sale
  • Pending
  • Duplex
  • 6 Beds
  • 4 Full Baths
  • 1,770 Sq. Ft.
  • Updated 3 days ago
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Take a look at this rare multi-use opportunity just steps from the sugar-white sands of Panama City Beach. Located less than a block from dedicated beach access, this renovated fully furnished coastal duplex offers the flexibility to be used as a private beach retreat, an income-producing investment, or the perfect blend of both. Featuring 6 bedrooms, 4 bathrooms, and two beautifully updated kitchens, this spacious property comfortably accommodates up to 16 guests with room for everyone to relax after a day at the beach. Whether you're hosting family vacations, generating short-term rental income, or living in one side while renting the other, the possibilities here are endless. Relax and enjoy gulf glimpses, salt breezes, and a fantastic walkable location near shopping, restaurants, and entertainment all while being tucked away in a charming beachside setting. Offered fully furnished and turn-key, this property is ready to start making memories and income from day one. Properties with this combination of location, flexibility, and income potential rarely come available. Make your appointment today!

Full Property Details for 129 Malaga Pl

General

  • Price: $799,000
  • Taxes: $6,351 (2025)
  • Status: Pending
  • Type: Duplex
  • Source: Emerald_Coast
  • MLS ID: 1004644
  • Updated: 7/8/2026
  • Added to Site: 37 day(s) ago

Rental Information

  • Complex Features: Short Term Rental - Allowed

Interior

  • Number of Rooms: 13
  • Interior Features: Kitchen Island, Wallpaper
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Smooth Stovetop Rnge, Stove/Oven Electric, Washer, Water Heater - Elect
  • Furnishings: Furnished - All

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Exterior Features: Fenced Back Yard
  • Porch/Patio/Deck: Deck Covered, Deck Open, Patio Open

Location

  • Area: 27 - Bay County
  • County: Bay
  • Subdivision: LAGUNA BEACH ESTATES 4TH ADDN
  • Driving Directions: From Hwy 79 head west on PCB Parkway, then turn left onto Malaga Place. The property will be on your right.

School Information

  • Elementary School: West Bay
  • Middle School: Surfside
  • High School: Arnold

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central
  • Heating/Cooling: Central, Central Air

Utilities

  • Sewer: Septic Tank
  • Utility Description: Electric, Public Water

Structural Information

  • Architectural Style: Duplex
  • Construction: Foundation Off Grade, Frame, Siding Wood
  • Exterior Const.: Foundation Off Grade, Frame, Siding Wood
  • Stories/Levels: 1
  • Square Feet: 1,770
  • Sq. Ft. Source: County PA Records
  • Year Built: 1950

Lot Features

  • Property View: Gulf
  • Frontage: City Street
  • Street/Road Desc.: Paved
  • Lot Features: Within 1/2 Mile to Water
  • Zoning: Resid Multi-Family
  • Fencing (Description): Fenced Privacy

Water Features

  • Water View: Yes

Financial Considerations

  • Tax Amount: $6,351.02
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: LAGUNA BEACH 4TH ADD LOT 4 BLK A ORB 4579 P 1532
  • APN: 37909-000-000
  • Property ID: 37909-000-000

Listed by Levin Rinke Realty

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Listing agent

— 129 Malaga Pl —

  • Levin Rinke Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 129 Malaga Pl

School District:Bay County School District
NameGradesDistance
West Bay Elementary School
14813 School Dr, Panama City Beach, FL 32413
K-55.2 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-85.1 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-127.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 129 Malaga Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/04/2026
Listed
$799,000
10.97%
MLS
10/10/2025
Sold
$720,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 129 Malaga Pl

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,544
—
$489,062
10%
2024
$5,544
—
$444,602
2%
2023
$5,536
208%
$436,371
185%
2021
$1,796
-13%
$153,315
-23%
2022
$2,068
15%
$198,978
56%
2021
$1,796
15%
$127,223
5%
2019
$1,567
4%
$120,671
6%
2018
$1,510
4%
$114,252
5%
2017
$1,457
—
$109,252
2%
2016
$1,458
-1%
$107,377
2%
2015
$1,471
-2%
$105,407
-2%
2014
$1,498
7%
$107,577
-4%
2013
$1,394
—
$112,562
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Levin Rinke Realty

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129 Malaga Place, Panama City Beach, FL 32413 (MLS# 1004644) is a Duplex property with 6 bedrooms and 4 full bathrooms. 129 Malaga Place is currently listed for $799,000 and was received on June 04, 2026. Want to learn more about 129 Malaga Place? Do you have questions about finding other Duplex real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

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