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$640,000
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Property Description
Completely renovated in 2023 and designed with today's buyer in mind, this turnkey 3 bedroom, 2 bath beach cottage offers the ideal blend of style, comfort, and income potential in the heart of Panama City Beach. With 1,295 square feet of thoughtfully updated living space, this property is already operating as a successful short-term rental and is perfectly suited as an investment property, second home, or full-time coastal retreat. Step inside to a bright, open-concept floor plan featuring vaulted ceilings with exposed wood beams, recessed lighting, and luxury plank flooring throughout. The living area flows seamlessly into the dining space and kitchen, creating an inviting atmosphere for gathering and entertaining. The beautifully updated kitchen offers crisp white cabinetry, quartz countertops, open shelving, modern hardware, stainless appliances, and a large island overlooking the main living space. The primary suite is a peaceful retreat with abundant natural light and a spa-inspired en suite bath featuring dual vanities, sleek fixtures, and a stunning tiled walk-in shower. Two additional guest bedrooms and a fully updated second bath provide comfortable accommodations for family and guests, maximizing rental flexibility. Outdoor living is where this home truly shines. A screened-in patio extends the living space and offers the perfect spot for morning coffee or evening cocktails. The fully fenced backyard is private and spacious, complete with a fire pit gathering area and ambient string lighting that creates an inviting coastal setting for guests. An irrigation system on well water helps maintain the lush lawn while keeping utility costs down. The exterior showcases charming coastal cottage appeal with warm wood siding and thoughtful architectural details that set it apart. The manageable lot size makes ownership easy while still offering ample outdoor enjoyment. Located just minutes from the white sandy beaches and only about 10 minutes to Rosemary Beach, this property offers exceptional short-term rental appeal in a highly desirable area near dining, shopping, and entertainment. With recent renovations, modern finishes, and an established rental presence, this is a true turnkey opportunity. Golf cart included. Whether you are looking to expand your investment portfolio or secure your own beach getaway that can generate income when not in use, 21309 Caribbean Lane delivers both lifestyle and strong income potential in one beautifully updated package.
Full Property Details
Full Property Details for 21309 Caribbean Ln
General
- Price: $640,000
- Taxes: $4,753 (2025)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 786049
- Updated: 3/1/2026
- Added to Site: 49 day(s) ago
Interior
- Number of Rooms: 4
- Appliances: Washer/Dryer Stacked, Electric Oven, Electric Range, Tankless Water Heater
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Stacked
Exterior
- Exterior Features: Patio, Fire Pit
- Porch/Patio/Deck: Enclosed, Patio
Location
- County: Bay
- Subdivision: Riviera Beach
- Driving Directions: From Hwy 79 Travel west on Panama City Beach Parkway. Turn left on Le Grand, Turn right on Caribbean, home on the left.
School Information
- Elementary School: West Bay
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric
Utilities
- Utility Description: Electricity Available, High Speed Internet Available
Structural Information
- Architectural Style: Coastal
- Construction: Cedar, Shake Siding
- Sq. Ft. Source: Appraiser
- Year Built: 1988
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227
- Lot Size: .12
- Lot Dimensions: 50 x 110
- Frontage: City Street
- Lot Features: Sprinkler System, Paved
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $4,753
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: RIVIERA BEACH MAP-13B4 LOT 112 ORB 4714 P 465
- Property ID: 35482-000-000
Listed by EXP Realty LLC
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Schools
Schools serving 21309 Caribbean Ln
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
West Bay Elementary School 14813 School Dr, Panama City Beach, FL 32413 | K-5 | 6 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 6.7 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 8.7 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 21309 Caribbean Ln
Date
Details
Price
Change
Source
3/01/2026
Listed
$640,000
75.34%
MLS
4/21/2023
Sold
$365,000
—
Public Record
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
Tax History for 21309 Caribbean Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,713
8%
$383,341
9%
2024
$4,347
683%
$350,493
217%
2023
$555
9%
$110,663
3%
2022
$511
1%
$107,440
3%
2021
$507
—
$104,311
1%
2021
$507
5%
$102,871
2%
2019
$481
—
$100,558
2%
2018
$479
1%
$98,683
2%
2017
$475
2%
$96,653
2%
2016
$466
-5%
$94,665
1%
2015
$488
-7%
$94,007
—
2014
$525
-25%
$93,721
1%
2013
$703
—
$92,336
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 21309 Caribbean Ln
21309 Caribbean Lane, Panama City Beach, FL 32413 (MLS# 786049) is a Single Family property with 3 bedrooms and 2 full bathrooms. 21309 Caribbean Lane is currently listed for $640,000 and was received on March 01, 2026. Want to learn more about 21309 Caribbean Lane? Do you have questions about finding other Single Family 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.

