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$575,000

  • For Sale
  • Active
  • Multi-Family
  • 0.18 Acres
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Imagine your own fully furnished coastal retreat-two homes, one unbeatable opportunity-set less than a 1/2 mile from the shimmering sands of Panama City Beach. Nestled in the sought-after South Lagoon area, this turnkey property features a 2-bedroom, 3-bathroom main home with an additional bonus bunk room, perfect for hosting guests or maximizing short-term rental income ($84k RENTAL PROJECTIONS). Inside, a modern kitchen stuns with quartz countertops, stainless steel appliances, and a seamless open floor plan designed for easy living. Enjoy coffee on the upstairs balcony, soak under the stars in your private hot tub, or kick back in the breezy front patio area. But the standout feature? A fully equipped 1-bedroom, 1-bathroom guest house tucked away in the back-complete with its own driveway, kitchen, and separate entrance. Whether you're a house hacker, investor, or just someone who loves your friends and family-but not enough to let them stay in your house-this setup absolutely delivers. Ready to turn your investment goals into beachside reality? Schedule your private tour today.

Full Property Details for 3909 Ray St

General

  • Price: $575,000
  • Taxes: $4,473 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Bay_County
  • MLS ID: 782259
  • Updated: 12/2/2025
  • Added to Site: 46 day(s) ago

Interior

  • Number of Rooms: 10
  • Interior Features: Interior Steps
  • Appliances: Electric Cooktop, Electric Oven
  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 3

Exterior

  • Exterior Features: Covered Patio
  • Porch/Patio/Deck: Balcony, Deck, Covered, Patio

Location

  • County: Bay
  • Subdivision: Holiday Beach Unit 7
  • Driving Directions: From the intersection of Highway 98 and Navy Boulevard (Thomas Drive), head west on Thomas Drive, turn right onto Raven Street, take a left onto Sunset Avenue, and then turn right onto Ray Street; the property is located on the right.

School Information

  • Elementary School: Patronis
  • 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
  • Heating Type: Central

Structural Information

  • Sq. Ft. Source: Appraiser
  • Year Built: 1983

Additional Structures

  • Other Structures: Guest House

Lot Features

  • Property View: Lagoon
  • Lot Size (Acres): 0.18
  • Lot Size (Sq. Ft.): 7,710
  • Lot Size: .18
  • Lot Dimensions: 50 x 155
  • Fencing (Description): Fenced

Water Features

  • Water Front: Yes

Financial Considerations

  • Tax Amount: $4,473
  • Tax Year: 2024

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: HOLIDAY BEACH UNIT #7 LOT 18 BLK 2 ORB 4663 P 614
  • Property ID: 30753-032-000

Listed by REMAX By The Sea

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Listing agent

— 3909 Ray St —

  • REMAX By The Sea

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 3909 Ray St

School District:Bay County School District
NameGradesDistance
Patronis Elementary School
7400 Patronis Dr, Panama City Beach, FL 32408
K-51 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-86.3 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-124.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3909 Ray St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/02/2025
Listed
$575,000
40.86%
MLS
2/28/2023
Sold
$408,200
—
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 3909 Ray St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,473
210%
$360,691
138%
2023
$1,445
11%
$151,433
6%
2021
$1,298
—
$142,740
-3%
2022
$1,300
—
$147,022
4%
2021
$1,298
2%
$140,769
2%
2019
$1,268
1%
$137,604
2%
2018
$1,257
2%
$135,038
2%
2017
$1,235
-29%
$132,261
—
2016
$1,745
-3%
$132,842
-1%
2015
$1,802
39%
$133,519
40%
2014
$1,301
11%
$95,631
-1%
2013
$1,167
—
$96,470
—
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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NMLS#: 1598647

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Listed by REMAX By The Sea

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3909 Ray Street, Panama City Beach, FL 32408 (MLS# 782259) is a Multi-Family property with units containing 3 bedrooms and 4 full bathrooms. 3909 Ray Street is currently listed for $575,000 and was received on December 03, 2025. Want to learn more about 3909 Ray Street? Do you have questions about finding other Multi-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.

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