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$1,800,000
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Property Description
Luxury new construction in Laguna Beach Estates on the highly desirable West End of Panama City Beach! Located near the 30A corridor and just minutes from the beautiful beaches, dining, shopping, and entertainment PCB has to offer, 240 Oleander Drive is a standout opportunity for investors, second-home buyers, and luxury coastal buyers. Built in 2026, this 5-bedroom, 4 full bath and 1 half bath home offers approximately 4,173 sq ft H&C and is designed with short-term rental performance in mind. No HOA.Short-term rentals allowed. The spacious layout, private pool, outdoor kitchen, wet bars, and luxury finishes create an ideal setup for vacation rental guests and large groups. Interior features include marble flooring throughout, crown molding, recessed lighting, walk-in laundry room, remote-controlled ceiling fans, double-pane low-E windows, energy-efficient insulation, central HVAC on each floor, two 50-gallon water heaters, and a mini-split system in the garage. The kitchen features Cristalo quartz countertops, a Black Lava quartz island, undermount sink, and upgraded full-overlay white oak cabinetry with soft-close concealed hinges, full-extension soft-close drawer glides, plywood box construction, natural birch interiors, and PPG stain finish. Wet bars with wine coolers are located on both the first and second floors. Outdoor features include a custom brushed copper iron door, fully paved driveway, landscaped backyard, inground saltwater pool, outdoor kitchen with Black Pearl granite, outdoor shower, sprinkler system with separate irrigation meter, keyless side entry, and low-risk Flood Zone X. One-year builder warranty included. Rental projections conservative $168,500- to optimized $240,000. Short-term rentals allowed / STR eligible, subject to buyer obtaining required City of PCB Vacation Rental Certificate, DBPR license, BTR, TDT registration, and fire/life safety approval
Full Property Details
Full Property Details for 240 Oleander Dr
General
- Sold For: $1,800,000
- Taxes: (2025)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 791597
- Added to Site: 112 day(s) ago
Interior
- Number of Rooms: 5
- Interior Features: Balcony, Double Vanity, Main Level Primary, Separate Shower, Upper Level Primary, Walk-In Closet(s)
- Fireplace: Yes
- Fireplace(s): Electric
- Appliances: Bar Fridge, ENERGY STAR Qualified Appliances, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Salt Water, Private
Exterior
- Exterior Features: Barbecue, Outdoor Kitchen
- Porch/Patio/Deck: Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Garage, Garage Door Opener, Paved
Location
- County: Bay
- Subdivision: Laguna Beach Estates 7th Add
- Driving Directions: Taking Us 98 West, continue past Pier Park, Turn left onto Oleander Dr continue to 240 Oleander Dr about two blocks from beach.
School Information
- Elementary School: West Bay
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: ENERGY STAR Qualified Equipment
- Heating Type: ENERGY STAR Qualified Equipment, Fireplace(s)
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Contemporary
- Stories/Levels: 3
- Sq. Ft. Source: Plans
- Year Built: 2026
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 4,792
- Lot Size: .12
- Lot Dimensions: 50.0 ft x 102.0 ft
- Frontage: City Street
- Lot Features: Sprinkler System
- Fencing (Description): Fenced
Green Features
- Energy Efficient: Appliances
Financial Considerations
- Tax Year: 2025
Disclosures and Reports
- Legal Description: LAGUNA BEACH EST 7TH ADD -2.55A- 13D1 LOT 20 BLK 29 ORB 4797 P 1432
- Property ID: 36862-010-000
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Schools
Schools serving 240 Oleander Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
West Bay Elementary School 14813 School Dr, Panama City Beach, FL 32413 | K-5 | 5.4 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 5.8 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 7.8 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 240 Oleander Dr
Date
Details
Price
Change
Source
9/23/2026
Sold
$1,800,000
1.41%
MLS
6/19/2026
Listed
$1,775,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
240 Oleander Drive, Panama City Beach, FL 32413 (MLS# 791597) is a Single Family property that was sold at $1,800,000 on September 23, 2026. This property was listed by Marina Grigoryan from our Panama City Beach - Thomas Dr. Office.Want to learn more about 240 Oleander Drive? 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.


